Current Car Loan Interest Rates. The overall average car loan interest rate is 6.84% for new cars and 12.01% for used cars. However, there are several factors that can influence what APRs you get.

Key takeaways. The average auto loan interest rate for new cars in the first quarter of 2025 was 6.73 percent, while the average used car loan interest rate was 11.87 percent.

The average car loan interest rate is 6.35% for new cars and 11.62% for used cars, according to Experian's State of the Automotive Finance Market report from the fourth quarter (Q4) of 2024.

Here's why some car buyers live by the 20% rule when purchasing a new vehicle and how you can use it to your advantage.