Average Car Loan Rate 2024 Game. That average rises to 15.77% for borrowers with poor credit scores. In early 2024, new car loans with 0% apr constitute a mere 2.4% of the market, a major drop from one year prior.

The average interest rate for new cars in the third quarter of 2024 was 6.61 percent and 11.74 percent for used cars. See the current average car loan interest rates for different credit score ranges, and find out how your credit score can impact your car financing options.