Car Interest Rates In 2024. Getting a great deal on your used car loan interest rate is an excellent way to save money. Cash will remain king in 2024.
A good interest rate for an auto loan is subjective — it depends on your credit score, the car you’re buying, the amount of your down payment and more. 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.