Current Used Car Loan Interest Rates 2024 Lok. The average rate for a new car buyer with deep subprime credit was 15.62% as of the first quarter of 2024, according to experian data. The current average auto loan interest rates across all credit profiles range from 5.25% to 15.77% for new cars and 7.13% to 21.55% for used cars.

The current average auto loan interest rates across all credit profiles range from 5.25% to 15.77% for new cars and 7.13% to 21.55% for used cars. Before selecting a bank for a car loan, make sure to compare the interest rates offered by different banks.