An important factor in calculating interest rates is your credit score.

As reported in Experian's State of the Auto Finance Market report, average car loan interest rates were 3.86%.

Average Auto Loan Rates for Excellent Credit Score (750 or higher ) NEW CAR LOAN : 7.88% USED CAR LOAN : 8.13% REFINANCE CAR LOAN : 4.01%

Average Auto Loan Rates for Good Credit score (700-749) NEW CAR LOAN : 9.77% USED CAR LOAN : 10.02% REFINANCE CAR LOAN : 4.64%

Average Auto Loan Rates for Poor Credit score (451-599) NEW CAR LOAN : 19.87% USED CAR LOAN : 20.12% REFINANCE CAR LOAN : 9.52%

Average Auto Loan Rates for Deep Subprime Credit score (450 or lower) NEW CAR LOAN : n/a USED CAR LOAN : n/a REFINANCE CAR LOAN : 9.75%

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