Current Car Loan Interest Rates

Get current auto loan rates and choose a loan that’s right for you

Car loan interest rates change frequently, so it’s important to keep track of them. Your loan’s interest rate influences how much you’re going to pay from month to month. And a lower interest rate can mean thousands of dollars in savings. Our rate table can help you know the best time to buy a new or a used car.

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Find the best auto rates in your area Current auto loan interest rates

Dates	60-month new car	48-month new car	36-month used car
3/17/2021	4.15%	4.15%	4.49%
3/10/2021	4.15%	4.15%	4.49%
3/3/2021	4.17%	4.18%	4.53%
2/24/2021	4.18%	4.18%	4.52%
2/17/2021	4.19%	4.19%	4.53%
2/10/2021	4.19%	4.19%	4.52%
2/3/2021	4.19%	4.19%	4.52%
1/27/2021	4.19%	4.19%	4.54%
1/20/2021	4.20%	4.20%	4.54%
1/13/2021	4.20%	4.20%	4.54%
1/6/2021	4.24%	4.22%	4.53%
12/30/2020	4.22%	4.22%	4.57%
12/23/2020	4.22%	4.22%	4.57%
12/16/2020	4.22%	4.22%	4.58%

What’s the best credit score for a low-interest loan?

Credit scores of 719 (for a new car) or 655 (for a used car) or higher will help you qualify for the lowest auto loan interest rates. Even if your credit score is lower, you may still qualify for a decent rate. If you don’t know your credit score, you can check it for free on Bankrate.

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How can I get the best car loan interest rate?

Borrowers with a lower credit score may see higher auto interest rates. If your credit score is on the lower end (around 500), some lenders may offer higher interest rates. Taking steps to improve your credit score can go a long way toward getting a better interest rate.

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What’s the difference between new and used car interest rates?

Loans for newer cars tend to have lower interest rates than those for used cars. Lenders see newer cars as less of a risk – they’re less likely to break down, and lenders can identify exactly how much they’ll depreciate over time. Newer cars have more predictable resale value down the line than newer cars, and that predictability results in a lower interest rate.

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What are other important car ownership costs to consider?

Beyond the cost of monthly car loan payments, car insurance can be a significant expense. Make sure you understand car insurance rates and the best car insurance companies available in order to select the best car insurance coverage for your needs.

Estimate your monthly payments with our handy Auto Loan Calculator.