Average Auto Loan Rates 2024 Usa. Auto loans are a thriving industry, with over two trillion in outstanding auto loan debt as of july 2024. The average auto loan interest rates across all credit profiles range from 5.64% to 14.78% for new cars and 7.66% to 21.55% for used cars.
See rates for new and used car loans and find auto loan refinance rates from lenders. We’ve rounded up the current average interest rates for new car loans, used car loans and refinance car loans.
The Key To Finding The Best Rate Is Shopping Around With Different Lender Types.
The average auto loan interest rate for new cars in early 2024 was 6.73 percent, while used cars had an average rate of 11.91 percent.
Americans Borrow An Average Of $40,634 For New Vehicles And $26,073 For Used Vehicles, According To Experian.
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.
Average Auto Loan Rates 2024 Usa Images References :
What Happened To Auto Loan Rates In.
Auto loan rates for new vehicles in the us range from 4.75% to 13.42%, depending on credit scores and other factors.
For Individual Consumers, However, Rates Vary Based On Credit Score, Term Length.
Average auto loan rates in june 2024.