Auto loans are a thriving industry, with over two trillion in outstanding auto loan debt as of 2025. Vehicles are becoming much more expensive as well, as the average loan balance was nearly $40,000 last year. Getting an auto loan on a new or used vehicle is easier now than ever before...
Autopay currently has the best new car loan rates at 2.99% while Consumers Credit Union has the lowest used car loan APR at 5.79%.
When you buy a new or used car, you shop to find the vehicle make, model and color that you want — and you'll want to do the same for an auto loan. While the dealership is likely to offer you financing, you may be able to find a better interest rate and lower fees elsewhere....
Bankrate's best refinance auto loans were chosen based on each lender's interest rates, customer experience, available terms and transparency. Read more Table of contents Definition of terms Why choose Bankrate?Loan Type New, Used, Re... ZIP code Loan term Credit score Sort by REFINANCE ...
To get the best interest rate on your car loan, compare auto loans and be mindful of the interest rates, terms and fees quoted by each lender. To ensure better approval odds, get your credit score in the good to excellent range— typically 670 or higher — before getting a car loan. ...
Get the best rates on auto loans of any kind. We can help you finance your new or used vehicle, or we can help you save big on your current car loan in just a few easy steps!
Best Bad Credit Auto Loan Rates:Auto Credit Express Best Used Car Purchase Loan Rates:Consumers Credit Union Best Car Loan Rates: FAQ Below are some frequently asked questions about the best auto loan rates, lenders and financing: Which banks have the best auto loan rates?
PenFed Credit Union offers the lowest 72-month auto loan rates at 5.64% for vehicle purchases. myAutoloan offers the lowest 72-month auto loan rates for refinancing your car at 5.69%. 72-month auto loan rates on average are 6.86% for new car financing and 12.80% for used vehicles. Best...
Gap insurance covers the difference between the car’s value and the amount you owe on your auto loan if the vehicle is totaled or stolen. If you owe more than the vehicle’s depreciated value, gap insurance can save you from paying out-of-pocket to cover that gap. It’s essential if...
What is a good interest rate for an auto loan? + The average car loan interest rate for a new vehicle sits at around 5%, so anything below that is good. Used car interest rates, however, are slightly higher on average, hovering around 9%. ...