Average Auto Loan Rates 2024 Calendar. Auto loans are a thriving industry, with over two trillion in outstanding auto loan debt as of july. The average auto loan interest rate as of q4 2023 was 7.18% for a new car and 11.93% for a used car.
According to experian’s state of the automotive finance market report, the average auto loan interest rate for new cars in 2024’s first quarter was 6.73 percent, and 11.91 percent for used. The average auto loan interest rate in the first quarter of 2024 was 6.73% for new vehicles and 11.91% for used vehicles, according to experian.
However, If You Have A Credit Score Above 780, Your Interest Rate Could Be Several Points Lower Than That.
We've rounded up the current average interest rates for new car loans, used car loans and refinance car loans.
Experian Also Provides Average Car Loan Aprs By Credit Score, Based.
Expensive vehicles plus high interest rates make securing an affordable auto loan challenging — and rates aren’t likely to drop soon.
Average Auto Loan Rates 2024 Calendar Images References :
Compare The Best Auto Loan Rates From Top Lenders To Maximize Your Savings On Your Next New Or Used Car Loan.
If you’re considering purchasing a new car, it helps to have an understanding of how average auto loan rates and vehicle purchase prices have changed in recent years so you can make an.
However, The Rate You Receive On.
The average auto loan interest rate as of q4 2023 was 7.18% for a new car and 11.93% for a used car.