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 0.193 points this week to 5.825%, down from 6.018% 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.
These averages are calculated from 16,345 verified auto loan rate quotes collected across 2,659 banks and credit unions reporting nationally — updated daily by MonitorBankRates.com's proprietary systems. Rates reflect what real licensed institutions are actually quoting to borrowers, not teaser rates or estimates.
State-Level New Auto Loan Rate Heatmap
Hover over a state to see its current New Auto Loan average APR and weekly change. Click any state to view its complete historical trend report.
Weekly Auto Loan Rate Reports
Weekly national average auto loan rate data releases from MonitorBankRates.com.
For Media, Researchers & Financial Professionals
The national auto loan rate averages on this page are calculated from our database of over 8,500 banks and credit unions actively reporting APRs across all 50 states. Our proprietary systems collect and verify lending rates daily — tracking what real licensed institutions are actually offering to borrowers, not dealer-arranged or promotional financing.
Unlike rate comparison sites that show only a handful of institutions, MonitorBankRates maintains a continuously updated auto loan rate database spanning community banks, regional lenders, national institutions, and credit unions across all 50 states. This scale allows us to calculate averages that reflect the full lending landscape — not just the most aggressive advertisers — giving consumers, journalists, and financial professionals a more accurate benchmark for current auto loan APRs.
Journalists, financial professionals, and academic researchers are welcome to cite and reference this data for editorial, research, and educational purposes. Please attribute MonitorBankRates.com when referencing our figures — and optionally link to https://www.monitorbankrates.com/auto-loan-rates/trends/. For custom data pulls, contact us here.
National Auto Loan Rate Trends
Daily average rates since March 15, 2026. Hover over the chart to see exact rates for each day.
Averages from 16,345 rate quotes across 2,659 U.S. banks & credit unions • As of Apr 9, 2026
State-by-State Auto Loan Rate Comparison
Current average New Auto Loan APR by state, compared to the national average of 5.825%.
