Average Vehicle Loan Interest Rate 2024. According to experian’s state of the automotive finance market report, the average auto loan interest rate for new cars in 2023’s fourth quarter was 7.18 percent,. Best from a big bank:
The average new car interest rate is now 9.95%. The average auto loan interest rate in the fourth quarter of 2023 was 7.18% for new vehicles and 11.93% for used vehicles,.
Average Car Loan Interest Rates By Credit Score.
As an example, here are the interest rates for new and used cars as of april 24, 2024, according to data gathered by bankrate.
The Average Auto Loan Interest Rate In The Fourth Quarter Of 2023 Was 7.18% For New Vehicles And 11.93% For Used Vehicles,.
According to statistics canada data, the average car loan interest rate has increased from 4.94% in december 2019 to 8.21% in december 2023 — an increase of.
The Average New Car Interest Rate Is Now 9.95%.
Images References :
One Year Ago, This Figure Stood At 7%.
Here's the average used car loan interest rate for each credit.
You Can Save On The Interest Rate.
According to experian’s state of the automotive finance market report, the average auto loan interest rate for new cars in 2023’s fourth quarter was 7.18 percent,.