Bank Car Loan — Rates

The Annual Percentage Rate (APR) is more accurate than the base interest rate because it includes lender fees.

New cars almost always qualify for lower rates than used cars because they have higher collateral value and more predictable depreciation. bank car loan rates

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 The Annual Percentage Rate (APR) is more accurate