Brian McKay
Brian McKay
Co-Founder & Lead Data Architect- Automated Online Rate Data Aggregation
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Average Auto Loan Rates Rise in All Three Categories, With New Auto Loans at 6.005% and Used at 6.759%
Used auto loan rates rose 0.018 percentage points to 6.759% APR between November 4 and November 10, new auto loan rates rose 0.021 percentage points to 6.005%, and other auto loan rates rose 0.052 percentage points to 6.574%. Every auto loan is fixed once signed.
Rates on other auto loans, products lenders list without a new or used designation, rose 0.052 percentage points to 6.574% APR between November 4 and November 10, the largest change of the three categories. New auto loan rates rose 0.021 percentage points to 6.005%, and used auto loan rates rose 0.018 percentage points to 6.759%.
Key takeaways
- New auto loan rates rose 0.021 percentage points to 6.005% APR, from 5.984% on November 4, on 1,284 institutions and 4,881 rates.
- Used auto loan rates rose 0.018 percentage points to 6.759%, from 6.741%, on 1,479 institutions and 7,240 rates; other auto loan rates rose 0.052 percentage points to 6.574%, from 6.522%.
- The Federal Reserve held its target range at 3.75% to 4.00% on October 28; every auto loan is fixed once signed.
- On a $35,000 loan over 72 months, financing at the used-car average runs about $592.67 a month and at the new-car average about $580.13 a month.
New and used auto loan rates rose 0.021 and 0.018 percentage points
Auto loan rates by category, national average APR since April 13
Average APRs from MonitorBankRates.com's nightly collection, the same series this report's figures come from, updated daily.
New auto loan rates averaged 5.933% on September 30, 5.984% on October 14, 5.930% on October 22, 5.997% on October 29, 5.984% on November 4 and 6.005% on November 10, from 1,284 institutions and 4,881 rates. Used auto loan rates averaged 6.764%, 6.738%, 6.660%, 6.722%, 6.741% and 6.759% on the same dates, from 1,479 institutions and 7,240 rates.
Other auto loan rates rose 0.052 percentage points to 6.574%
Rates on other auto loans averaged 6.512% on September 30, 6.407% on October 14, 6.526% on October 22, 6.535% on October 29, 6.522% on November 4 and 6.574% on November 10, from 1,213 institutions and 6,864 rates. This category holds products lenders list without a new or used designation.
Change since November 4, by loan category (percentage points)
This report's averages, November 4 to November 10. Red bars rose; green bars fell.
Auto loan APRs by category, November 4 and November 10
| Loan Category | November 4 APR | November 10 APR | Change Since November 4 |
|---|---|---|---|
| Used Auto Loans ▲Financing for used vehicles | 6.741% | 6.759% | ▲ +0.018 |
| Other Auto Loans ▲Products listed without a new or used designation | 6.522% | 6.574% | ▲ +0.052 |
| New Auto Loans ▲Financing for new vehicles | 5.984% | 6.005% | ▲ +0.021 |
| Compare live offers: all auto loan rates · best auto loan rates | |||
| All APRs are national averages of what real licensed lenders are actually quoting to borrowers, not promotional teaser rates or rate aggregator estimates. This comparison runs November 4 to November 10, 2026. The other auto loans category reflects loans lenders list without a new or used designation. Source: MonitorBankRates.com. | |||
Auto loan averages compared with October 22
New auto loan rates averaged 5.930% on October 22 and 6.005% on November 10, a difference of 0.075 percentage points. Used auto loan rates went from 6.660% to 6.759%, a difference of 0.099 percentage points, and other auto loan rates from 6.526% to 6.574%, a difference of 0.048 percentage points. The Federal Open Market Committee's target range has been 3.75% to 4.00% since September 16, and the October 28 meeting left it unchanged. Every auto loan carries a fixed rate, so loans already signed keep theirs; offers on loans not yet signed can change when lenders reprice.
Payments on a $35,000, 72-month auto loan at the November 10 averages
Financing $35,000 over 72 months at the used-car average of 6.759% works out to about $592.67 a month, with roughly $7,672 in total interest. At the new-car average of 6.005%, the same loan runs about $580.13 a month, with roughly $6,770 in total interest. At the November 4 averages, the same loan ran about $592.37 a month at the used-car average and $579.79 at the new-car average.
Checking a lender's offer against the November 10 averages
Each average combines every credit tier and vehicle age; the strongest current offers are on our best auto loan rates page. The auto loan calculator works out the monthly payment for a loan amount, term and rate, and the savings goal calculator works out the monthly deposit needed to reach a down payment; both start from today's average rates, computed daily from more than 8,000 banks and credit unions, and state figures can be loaded. Buyers comparing local lenders can line up Florida auto loan rates against these national averages, and movement over time is on our auto loan rate history page. A financed car also carries an insurance payment; our auto insurance burden index shows how that cost compares across states.
Auto loan averages on November 10
Used auto loans average 6.759%, other auto loans 6.574% and new auto loans 6.005%. The rate an individual buyer is offered depends on credit profile, lender, and vehicle age, and offers vary between lenders at every tier.
Data Coverage & Methodology
All APRs in this report are calculated from rates collected directly from institution websites by MonitorBankRates.com's proprietary systems, tracking what real licensed lenders are actually quoting to borrowers, not promotional teaser rates or rate aggregator estimates.
As of November 10, 2026, these averages were calculated from 18,985 individual rates verified across the three categories; the latest collection ran November 9, 2026. The table below shows how many lenders reported rates in each category.
| Loan Category | Institutions | Rates Verified |
|---|---|---|
| New Auto Loans | 1,284 | 4,881 |
| Used Auto Loans | 1,479 | 7,240 |
| Other Auto Loans | 1,213 | 6,864 |
| Total | 18,985 |
Category counts overlap because most lenders quote both new and used loans.
This report is for general information and is not financial advice. The APR any borrower receives depends on credit profile, loan term, vehicle age, and lender; confirm current offers with lenders before making decisions.
