Auto Loan Rates April 2024. The average auto loan interest rate in the fourth quarter of 2023 was 7.18% for new vehicles and 11.93% for used vehicles,. The latest consumer price index (cpi) report for march has thrown cold water on any hopes of a decrease in car loan interest rates for.
Here are the lenders that currently offer the best auto. The apr for new car loans hovers between 2.09% and 2.50%, while you can expect anywhere from 2.34% to 2.75% for used cars.
The Average Auto Loan Interest Rate In The Fourth Quarter Of 2023 Was 7.18% For New Vehicles And 11.93% For Used Vehicles,.
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.
Best From A Big Bank:
Last updated apr 10, 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.
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We Compare Major Auto Loan Providers Like Us Bank, Suntrust, Penfed, Bank Of America, And More.
Major factors impacting auto loan rates include:
Since The First Quarter Of 2022, Average Auto Financing Rates Have Surged Dramatically.
The auto refinance rates are the.
6.50% On New And 7.37% On Used (With Automatic Payments Discount).
