National Auto Loan Rate Trends
Track weekly average auto loan rates nationwide, compiled from 8,500+ U.S. banks and credit unions. Compare current averages, week-over-week changes, and state-by-state variations.
Current National Auto Loan Rate Trends
National New Auto Loan fell 0.304 points this week to 5.885%, down from 6.189% last week.
New and used auto loan rates are among the most rate-sensitive consumer loan products. Rates move quickly in response to Federal Reserve policy, lender competition, and vehicle inventory levels. Credit unions consistently offer lower APRs than banks for auto financing — often 1–3 percentage points lower — because they operate as not-for-profit cooperatives.
The spread between new and used auto loan rates reflects the higher risk profile of used vehicles (older collateral, higher depreciation). Borrowers with strong credit scores (720+) typically qualify for the best available rates, while scores below 660 often result in rates 4–8 percentage points above the averages shown here.
The national auto loan rate averages on this page are calculated from our database of over 8,500 banks and credit unions actively reporting rates across all 50 states. Our proprietary systems collect and verify auto loan rates daily — tracking what real licensed institutions are actually quoting to borrowers, not teaser rates or estimates.
National Auto Loan Rate Trends
Daily average rates since March 15, 2026. Hover over the chart to see exact rates for each day.
As of Mar 30, 2026 • Weekly averages from 8,500+ U.S. banks & credit unions
State-by-State Auto Loan Rate Comparison
Current average New Auto Loan APR by state, compared to the national average of 5.885%.
