Used Car Loan Interest Rates 2024. In august 2024, automotive site edmunds.com listed the average car loan interest rate for july 2024 as 7.1% apr for new car loans and 11.4% apr for used car loans. Additionally, make sure to shop around for lower interest rates.
Compare the best used car loans to find competitive interest rates, low fees, and fewer car restrictions. The average auto loan interest rate in the first quarter of 2024 was 6.73% for new vehicles and 11.91% for used.