The Average Interest Rate For Auto Loans On New Cars In 2022 Is 4.07%.

According to our research, penfed credit union tends to offer affordable auto loan rates, with aprs starting at 4.44% for borrowers with excellent credit. Best auto loan rates of september 2022. According to experian, the average auto loan rates in 2022 are 4.33% for new vehicles and 8.62% for used cars.

Good New Car Loan Rates From Credit Unions Are.

5 these rates will be 0.4% higher. The average car loan interest rate was 3.86% for new cars, according to experian’s state of the auto finance market report in the fourth quarter 2021. Loan terms last up to 84 months.

For Used Cars, The Average.

Nih federal credit union offers standard beginning aprs of 2.24% for new and used auto loans with terms of up to 36 months, 2.74% for auto loans from 37 to 48. You can aim for a car loan interest rate below the national average of 6.62%. Loan amounts range from $500 to $150,000 with loan terms of 36 to 84 months.

In 2022, New Car Loan Rates Range From 2.40% To 14.76% While Used.

The current average car loan interest rate for new cars is 4.07% and 8.67% for used cars according to experian. To get the market’s lowest rates, it’s best to shop around and. Borrowers with fair credit have an average interest rate of 15.40% this month, and this loan would cost $12,673 in interest.

Interest Rates Are Largely Based On Credit Score, Whether.

Alliant credit union offers financing for both new and used vehicles. The average auto loan interest rate is 4.33% for new cars and 8.62% for used cars, according to experian's state of the automotive finance market report for the second quarter of 2022. Why penfed credit union stands out: