Edin Nettle

Average Car Loan Interest Rates 2024. The average apr for a new car loan was 7.18%, according to experian's state of the automotive finance market report for the first quarter of 2024. Your loan’s interest rate is a major factor in your overall loan cost.

Before selecting a bank for a car loan, make sure to compare the interest rates offered by different banks. Check out the latest car loan interest rates to ensure you get the best deal possible.