What’s a Good Interest Rate on a Car Loan?

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is an Interest Rate?
What Determines the Average Auto Loan Rate?
Credit Score
Term Length
Down Payment
Amount Borrowed
How Average Interest Rates Vary for New and Used Vehicles
Average Interest Rates by Term Length
Average Auto Loan Rates for Excellent Credit
Average Auto Loan Rates for Good Credit
Average Auto Loan Rates for Fair Credit
Average Auto Loan Rates for Bad Credit
Average Auto Loan Rates for Deep Subprime Credit
How Is Inflation Affecting Auto Loan Interest?
How to Get a Good Interest Rate on Refinancing an Auto Loan
Auto Loan Refinancing Rates
Frequently Asked Questions
LCAU1122007
About the Author
Sulaiman Abdur-Rahman writes about personal loans, auto loans, student loans, and other personal finance topics for Lantern. He’s the recipient of more than 10 journalism awards and currently serves as a New Jersey Society of Professional Journalists board member. An alumnus of the Philadelphia-based Temple University, Abdur-Rahman is a strong advocate of the First Amendment and freedom of speech.
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