Average Car Loan Rate 2024. Getting a great deal on your used car loan interest rate is an excellent way to save money. The average new car loan rate in september was 9.63%, while the average used car loan rate remained near recent highs at 13.95%.

The average amount financed for used car loans was $27,768 in q4. Getting a great deal on your used car loan interest rate is an excellent way to save money.