Average Car Finance Rate 2024 Usa

Average Car Finance Rate 2024 Usa. The average apr for a new car loan was 7.18%, according to experian's state of the automotive finance market report for the first quarter of 2024. The average interest rate on a new car loan with a credit score of 750 is 7.01%, while the average interest rate on a used car loan is 9.73%.


Average Car Finance Rate 2024 Usa

Here’s the average used car loan interest rate for each credit score. 2023, the average interest rate for used cars in 2023 was 11.35%, according to experian.

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