Answer
What is a good APR for a car loan?
The answer
A good APR for a car loan typically ranges from about 5% to 7% for new cars if you have good to excellent credit. Rates can be higher for used cars or lower credit scores. - Buyers with excellent credit (750+) may get around 5.07% APR for new cars [3]. - Good credit (700-749) borrowers average about 6.02% APR [3]. - National average rates for 72-month new car loans are between 6.8% and 7.8% [5]. - Some lenders offer new car loans starting near 5.5% APR for 60-72 month terms [7]. - Average APRs for new cars can be around 7% to 10%, while used cars often have higher rates, around 10% to 12% or more [4][6]. Rates above 10% are considered high in most cases, so aiming for under 7% is generally good if your credit is solid.
General information, not financial advice. Check with a qualified professional for your situation.
From the web
- 1. What is a good APR nowadays? I'm getting really high ...
When I get a free quote on car shopping websites such as Cargurus, CarMax, and Carvana I’m getting rates anywhere from 10% (Carvana) to 17% at CarMax. ...
- 2. Auto Loan Rates
Rates as low as New car (dealer) 5.49% APR †scroll to new car dealer section Used car (dealer) 5.69% APR †scroll to old car dealer section as of Sept. 30, 2026 ...
- 3. A Good APR for a Car Loan Will Depend on…
buyers with excellent credit (above 750) could get a loan for a new car with 5.07% APR. Buyers with good credit (700-749) obtained, on average, a 6.02% APR. ...
- 4. Average Car Loan Interest Rates by Credit Score
Sep 15, 2026 — Data company Cox Automotive's Auto Market Snapshot puts rates at 9.99% APR for new cars and 12.4% APR for for used cars. Cox Automotive rates ... Read more
- 5. What is a Good APR for a 72-Month Car Loan?
Jan 22, 2026 — Nationally, the average interest rate for a 72-month new car loan sits between 6.8% and 7.8% for well-qualified buyers, while used car rates on ...
- 6. August Car Loan Rates (APR) in the US for Used and New ...
These are the average auto loan rates by state, 7% - 7.99% 8% - 8.99% 9% - 9.99% APR Used Vehicles 11% 10.6% 10.4% 10.5% APR New Vehicles 7% 7% 6.9%
- 7. Best Auto Loan Rates in October 2026
Capital One new auto loans: Starting at 5.59% APR for 60-month loan terms and starting at 5.86% APR for 72-month loan terms. Capital One used auto loans: ... Read more
Sources · updated October 1, 2026
- 1. What is a good APR nowadays? I'm getting really high ... · www.reddit.com
- 2. Auto Loan Rates · www.bankofamerica.com
- 3. A Good APR for a Car Loan Will Depend on… · www.rrcu.com
- 4. Average Car Loan Interest Rates by Credit Score · www.nerdwallet.com
- 5. What is a Good APR for a 72-Month Car Loan? · www.sunsethillssubaru.com
- 6. August Car Loan Rates (APR) in the US for Used and New ... · www.edmunds.com
- 7. Best Auto Loan Rates in October 2026 · www.lendingtree.com
Related questions
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- What other fees should I consider besides the APR when getting a car loan?
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