Good Used Car Interest Rate 2024. In early 2024, new car loans with 0% apr constitute a mere 2.4% of the market, a major drop from one year prior. What's a good auto loan interest rate right now?
In march 2022, the u.s. Because of their assumed lower value and shorter lifespan, used cars typically carry higher interest rates.
Average Interest Rate For New Car Loans Average Interest Rate For Used Car Loans;
The average is now 14%, which is the highest in 20 years.
How Much Money You Can Put Down:
Shop around for your best interest rate and terms.
What's A Good Auto Loan Interest Rate Right Now?
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You Can Get Them At The Same.
To protect yourself, take extra care to buy the right car.
The Average Interest Rate On A New Car Loan With A Credit Score Of 650 Is 9.60%, While The Average Interest Rate On A Used Car Loan Is 14.12%.
Compare the best used car loans to find competitive interest rates, low fees, and fewer car restrictions.
Here's The Average Used Car Loan Interest Rate For Each Credit.