Average Car Interest Rates 2024. The average apr for a new car loan was 7.18%, according to experian's state of the automotive finance market report for the first quarter of 2024. Aprs range anywhere from 5.64% to 21.55% on average based on your credit score and what kind of auto loan you’re looking for.
The federal reserve building in d.c. (anna moneymaker/getty images) the federal reserve cut interest rates this week for the first time in four years,.