The average car loan interest rate currently is 9.00%
. However, auto loan interest rates can vary based on credit score, credit history, and loan term. According to Experian, the average auto loan interest rates across all credit scores are 6.63% for new cars and 11.38% for used cars
. The rates can also be affected by the monetary policies in each state, which are mainly influenced by federal treasury rate changes
. It's important to note that the rates mentioned are averages, and actual rates may vary based on individual circumstances.
