Used Car Loan Interest Rates 2024. Know how car loans work; In september 2024, automotive site edmunds.com listed the average car loan interest rate for august 2024 as 7.1% apr for new car loans and 11.3% apr for used car loans.
Compare the best auto loan rates from top lenders to maximize your savings on your next new or used car loan. The average loan carried an 11.3 percent rate in august, marginally higher than 11.2 percent last august and 9 percent in august.