On Average, Those With Higher Credit Scores Are Offered Lower Interest Rates On Auto Loans.

An auto loan's interest rate will depend largely on your credit score. Current auto interest rates range from 2.3 percent to nearly 15 percent for most buyers. Deep subprime (579 and lower) 14.66%.

Because Fico Doesn’t Share Or Sell The Fico Auto.

With a credit score of 800 to 809, you should qualify for the best apr a lender offers. The average rate for a used car. The average apr for someone with a credit score of 720 or higher is 7.63%, according to lendingtree.

But Your Apr Will Depend On Your Credit Score And Loan Term.

3.48% if your credit score is between 661 and 780. To purchase a new car, the average credit score needed is 715 with an average auto loan rate of 5.76 percent, according to an experian report. Read this to learn more.

Interest Rates And Apr Ranges Will Vary.

5 rows credit score average new car loan apr average used car loan apr; 2.34% if your credit score is between 781 and 850. The average auto loan interest rates across all credit profiles are 3.86% for new cars and 8.21% for used cars.

Average Rates For Auto Loans By Lender.

Average interest rate for a new car loan: The average interest rate for auto loans on new cars in 2022 is 4.07%. Prime borrowers with a credit score between 661 and 780 received an average apr of 3.48% for new loans and 5.41% for used loans, while nonprime borrowers with credit scores.