Used Car Interest Rates 2024 Usa. Used car loans may finally fall back below 10% apr. In the table below, you’ll find the average apr for new and used cars in the second quarter of 2024.
We’ve rounded up the current average interest rates for new car loans, used car loans and refinance car loans. In october 2024, automotive site edmunds.com listed the average car loan interest rate for september 2024 as 7.1% apr for new car loans and 11.2% apr for used car loans.