Used Car Financing Rates 2024. By late 2025, we could be looking at average aprs dropping below 6% for new car loans. See rates for new and used car loans and find auto loan refinance rates from lenders.

In early 2024, new car loans with 0% apr constitute a mere 2.4% of the market, a major drop from one year prior. Understanding how auto loan interest rates are determined is crucial for any prospective car buyer.