So far in 2025, average car prices are about $48,000, according to Kelley Blue Book, with interest rates for car loans hovering around an average of 8.64%. For a 5-year loan, that roughly ...

The current average auto loan interest rates across all credit profiles range from 5.25% to 15.77% for new cars and 7.13% to 21.55% for used cars.

45+ auto loan products reviewed and rated by our team of experts. 30+ years of combined experience covering financial topics. Objective, comprehensive star rating system assessing 4 categories and ...

Can I get a car loan with a 500 credit score? You may be able to get a car loan with a score of 500 — but prepare for high interest rates and a limited selection of lenders.

The sweeping GOP tax bill calls for an above-the-line deduction of up to $10,000 in car loan interest during a given taxable year. You'd pay no tax on that interest, if you qualified. The proposed ...

While individual interest rates for auto loans vary on several factors, according to Experian's Q4 2023 State of the Automotive Finance Market insights, the average new car loan rate for deep ...

Including a cosigner on your auto loan is a great way to receive approval and possibly lower your interest rate. When your credit score improves, you have the option to remove the cosigner from ...

Per Experian, the average auto loan rate on a new car was 6.35% in Q4 2024, down from a recent high of 7.18% one year earlier. The average auto loan rate on a used car dipped from 11.97% to 11.62% ...

Autopay is Investopedia’s pick for the best car loan provider for first-time buyers. Autopay only asks for six months of credit history and a credit score of 580, allowing more people who are ...

On a $42,000 car loan in this example, the borrower would pay $768 a month. The first year of interest would add up to a bit more than $3,750 in this example.