But Even If Your Credit Score Is Lower, You May Still.

Experian's quarterly state of the automotive finance market takes a look at the average auto loan interest rate paid by borrowers whose scores are in various credit score ranges. Average car loan interest rates by credit score (2022) motor 1. These credit scores range from 300 to 850, with a score over 670 being considered good and a score over 740 very good.

The Average Rate For A.

In general, borrowers will pay a higher interest rate for a used car loan. Interest rates are largely based on credit score,. 6 rows the average auto loan interest rate is 4.33% for new cars and 8.62% for used cars,.

If You Have A High Credit Score, You Can Expect.

The average interest rate on loans for used cars is 8.62%. With a credit score of 800 to 809, you should qualify for the best apr a lender offers. 5 rows in 2022, new car loan rates range from 2.40% to 14.76% while used car loan rates range from.

Credit Scores Of 740 Or Higher — What’s Considered Very Good — Will Help You Qualify For The Lowest Auto Loan Interest Rates.

Learn more about interest on car. Based on your score, the average rate is 2.84% (new) or 3.56% (used). See the table in the next section for the average interest rates that people with different credit scores received on auto loans in the first quarter of 2021.

The Interest Rate You Are Charged On A Loan Is How.

8 hours ago the current average car loan interest rate for new cars is 4.07% and 8.67% for used cars according to experian. The average auto loan interest rates across all credit profiles are 3.86% for new cars and 8.21% for used cars. The average interest rate for auto loans on new cars in 2022 is 4.07%.