Current Used Car Interest Rates 2024. In this article, we at the marketwatch guides team will break down auto loan interest rates by credit score, state and vehicle type — for new and used car loans. See rates for new and used car loans and find auto loan refinance rates from lenders.

The average interest rate on a new car loan with a credit score of 650 is 9.60%, while the average interest rate on a used car loan is 14.12%. Before selecting a bank for a car loan, make sure to compare the interest rates offered by different banks.