what are current auto loan rates

Auto loan rates vary depending on several factors such as credit score, loan term, vehicle type, and more. According to Bankrate, as of September 2023, the best auto loan rates range from 5.69% to 28.55% APR for new and used car loans. Bank of America offers a 5-year fixed-rate new car loan with an APR of 6.29% . NerdWallet reports that the overall average auto loan interest rate was 6.58% for new cars and 11.17% for used cars in the first quarter of 2023. Navy Federal Credit Union offers new and used car loan rates ranging from 4.54% to 6.94% and 5.44% to 5.84%, respectively. Greater Nevada Credit Union offers auto loan rates as low as 5.99% APR for new or used auto loans less than 2 years old and 6.24% APR for used auto loans between 2 and 6 years old. It is important to note that these rates are subject to change and may vary depending on the lender and other factors. It is recommended to compare rates from multiple lenders to find the best deal.