Average New Car Loan Rate 2024. With the same jump of. The average apr for a new car loan was 7.18%, according to experian's state of the automotive finance market report for the first quarter of 2024.

The average auto loan interest rate in the second quarter of 2024 was 6.84% for a new car, according to experian’s state of the automotive finance market report,. We’ve compiled a list of lenders that currently offer the best auto loan rates for both new and.