Average Car Loan Interest Rates by Credit Score - NerdWallet
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 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