Current Used Car Interest Rates 2024 Olympics. However, that’s down from 2022’s peak north of $30,000 for a used car. We've rounded up the current average interest rates for new car loans, used car loans and refinance car loans.

Please find below the latest car loan rates offered by banks and credit unions across the country that may meet your needs. According to experian’s state of the automotive finance market report, the average auto loan interest rate for new cars in 2024’s second quarter was 6.84 percent, and 12.01 percent for used cars.