Average Auto Apr 2024. In april 2024, automotive site edmunds.com listed the average car loan interest rate for march 2024 as 7.2% apr for new car loans and 11.9% apr for used car loans. The average amount financed for new car loans as of q4 2022 was $41,445.
Best answer would come from a bank or credit union. The average interest rate on loans for used cars is 14.12%.
We've Rounded Up Average Auto Loan Rates For This Month, And We'll Help You Learn Why A Lower Rate Is Better.
Step back to 2021, and the average new car loan apr was around 5%.
The Average Auto Loan Interest Rate For New Cars At The End Of 2023 Was 7.18 Percent, While Used Cars Had An Average Rate Of 11.93 Percent.
Images References :
Getting A Car Loan When Your Credit Is Between 600 And 699 Can Be Significantly More Expensive Than It Is For Borrowers With.
In april 2024, automotive site edmunds.com listed the average car loan interest rate for march 2024 as 7.2% apr for new car loans and 11.9% apr for used car loans.
Your Monthly Dues Would Be $580 And You’d Pay $4,799 In Interest Charges Over The Life Of The Loan.