Average Car Loan Interest 2024. According to statistics canada data, the average car loan interest rate has increased from 4.94% in december 2019 to 8.21% in december 2023 โ an increase of. Average interest rate for new car loans average interest rate for used car loans;
Auto loan rates saw a relatively steady decline from 2006 to 2009, falling from a high of 7.82% in august 2006 to 6.59% in november 2009. Best from a credit union:
Auto Loan Rates Saw A Relatively Steady Decline From 2006 To 2009, Falling From A High Of 7.82% In August 2006 To 6.59% In November 2009.
We've rounded up the current average interest rates for new car loans, used car loans and refinance car loans.
The Average Car Loan Interest Rate Was 3.86% For New Cars, According To Experianโs State Of The Auto Finance Market Report In The Fourth Quarter 2021.
Best from a big bank:
Best From A Credit Union:
Images References :
Average Interest Rate For New Car Loans Average Interest Rate For Used Car Loans;
Getting a car loan when your credit is between 600 and 699 can be significantly more expensive than it is for borrowers with.