The loans for used cars generally had higher interest rates than loans for new cars in the United States in 2023 and 2024. In November of that year, loans with a maturity of 48 months had an average interest rate of 8.26 percent for used cars, and 7.46 percent for new cars. The interest rates for 60-month new car loans reached their lowest point of the past decades in December 2021.
Average interest rates of car loans in the United States from March 2023 to November 2024, by type and maturity
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Bankrate. (December 11, 2024). Average interest rates of car loans in the United States from March 2023 to November 2024, by type and maturity [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1391175/monthly-car-loan-interest-rates-in-the-us-by-type-and-maturity/
Bankrate. "Average interest rates of car loans in the United States from March 2023 to November 2024, by type and maturity." Chart. December 11, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1391175/monthly-car-loan-interest-rates-in-the-us-by-type-and-maturity/
Bankrate. (2024). Average interest rates of car loans in the United States from March 2023 to November 2024, by type and maturity. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1391175/monthly-car-loan-interest-rates-in-the-us-by-type-and-maturity/
Bankrate. "Average Interest Rates of Car Loans in The United States from March 2023 to November 2024, by Type and Maturity." Statista, Statista Inc., 11 Dec 2024, https://www.statista.com/statistics/1391175/monthly-car-loan-interest-rates-in-the-us-by-type-and-maturity/
Bankrate, Average interest rates of car loans in the United States from March 2023 to November 2024, by type and maturity Statista, https://www.statista.com/statistics/1391175/monthly-car-loan-interest-rates-in-the-us-by-type-and-maturity/ (last visited December 22, 2024)
Average interest rates of car loans in the United States from March 2023 to November 2024, by type and maturity [Graph], Bankrate, December 11, 2024. [Online]. Available: https://www.statista.com/statistics/1391175/monthly-car-loan-interest-rates-in-the-us-by-type-and-maturity/
