Cool Car Loan Rates References. Interest rates vary depending on the loan term and the borrower’s credit score. 5 rows average loan rate for a new car average loan rate for a used car;
However, rates can vary widely depending on the lender, your financial situation, and the type of car. The interest rate is priced at 3.40% annually and you can extend. The average car loan interest rate was 3.86% for new cars, according to experian’s state of the auto finance market report in the fourth quarter 2021.