Current car loan interest rates in 2025 vary depending on factors such as credit score, loan term, and whether the car is new or used. Average interest rates by credit score (Q4 2024 data):
- Superprime (781-850): New cars ~4.77% APR, Used cars ~7.67% APR
- Prime (661-780): New cars ~6.40% APR, Used cars ~9.95% APR
- Nonprime (601-660): New cars ~9.59% APR, Used cars ~14.46% APR
- Subprime (501-600): New cars ~13.08% APR, Used cars ~19.38% APR
- Deep subprime (300-500): New cars ~15.75% APR, Used cars ~21.81% APR
General current ranges:
- New car loans can start as low as around 4.1% to 5.2% APR at some credit unions and banks, depending on creditworthiness and loan terms
- Used car loan rates tend to be higher, often starting around 5.2% APR and up
- National averages for new cars are roughly 6-7% APR, and for used cars around 11-14% APR as of early 2025
Examples from lenders:
- Navy Federal Credit Union offers new car loans as low as 4.09% APR
- California Coast Credit Union has rates starting at about 4.28% APR for newer vehicles, with rates increasing for longer terms and older models
- Bank of America and other banks have variable rates depending on credit and loan specifics
Rates fluctuate with Federal Reserve policy changes and market conditions, so shopping around and comparing offers is recommended to get the best rate for your credit profile
. In summary, if you have excellent credit, you may qualify for new car loan rates as low as about 4-5% APR, while average rates for new cars are around 6-7%, and used car rates are generally higher, often above 9-10% APR
