Average Auto Loan Interest Rate 2024 Elections. Consumer credit reporting company experian releases average auto loan interest rates in its quarterly automotive finance market report. During the third quarter of 2023, the interest rate for new vehicles stood at 7.03%, while used cars saw an average rate.

Federal reserve) in 2024, average. The average auto loan interest rate for new cars in the third quarter of 2024 was 6.61% percent, while the average used car loan interest rate was 11.74 percent.