Interest rates are influenced by the Federal Reserve , which recently held the federal funds rate at . Credit Category New Car APR Range Used Car APR Range Excellent (750+) 4.0% – 5.5% 4.5% – 6.0% Good (700-749) 5.5% – 7.0% 6.5% – 8.5% Fair (650-699) 7.0% – 9.0% 10.0% – 13.0% Poor ( 9.0% – 16.0%+ 15.0% – 21.0%+ Data based on typical industry ranges for early 2026. 🔑 Key Factors That Lower Your Rate
Secure a rate from a bank or credit union like Navy Federal or PenFed before visiting a dealership to use as a bargaining chip. bank car loan rates
AI responses may include mistakes. For financial advice, consult a professional. Learn more Auto Loan Rates from Bank of America Interest rates are influenced by the Federal Reserve
Higher scores significantly reduce your APR. For example, "Prime" borrowers (661–780) typically see rates near 6.27% , while "Deep Subprime" ( 16% . AI responses may include mistakes