Check Out Average Auto Loan Rates According To Credit Score вђ Busines In the second quarter of 2024, the overall average auto loan interest rate was 6.84% for new cars and 12.01% for used cars. experian also provides average car loan aprs by credit score, based on. Average car loan interest rates by credit score. 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.
What Is The Average Used Car Loan Rate Credit Average used auto loan rate for excellent credit. credit score. interest rate. 750 or higher. 7.49%. borrowers with top notch credit get the lowest used car financing rates, on average. consumers with credit scores 750 points or higher are considered to have excellent credit. The average auto loan interest rate for new cars in the second quarter of 2024 was 6.84 percent, while used cars had an average rate of 12.01 percent. your credit score plays a significant role in. 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. The average interest rate for auto loans on new cars in 2022 is 4.07%. the average interest rate on loans for used cars is 8.62%. if you have a high credit score, you can expect your interest rate.
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