Average Interest Rate When Buying A Car (Extended 2026)

The average interest rate for buying a car currently sits around and 11% for used vehicles as of early 2026. However, these averages fluctuate based on broader market trends and the Federal Reserve's benchmark rates. Average Rates by Credit Score

Average Car Loan Interest Rates by Credit Score - NerdWallet average interest rate when buying a car

Your credit score is the primary factor determining your specific rate. Borrowers with excellent credit (Superprime) can see rates as low as , while those with deep subprime scores may face rates exceeding 21% . Credit Score Category Average APR (New Car) Average APR (Used Car) Superprime (781-850) Prime (661-780) Near-prime (601-660) Subprime (501-600) Deep Subprime (300-500) [Data based on Experian reports as of April 2026] Key Factors Influencing Your Rate The average interest rate for buying a car