Average Car Loan Rate 2024 Elections. Used car loans may finally fall back below 10% apr. The average auto loan interest rate for new cars in the third quarter of 2024 was 6.61 percent, while the average used car loan interest rate was 11.74 percent.
The average auto loan interest rate for new cars in the third quarter of 2024 was 6.61 percent, while the average used car loan interest rate was 11.74 percent. In december 2024, automotive site edmunds.com listed the average car loan interest rate for november 2024 as 6.8% apr for new car loans and 11% apr for used car loans.
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