Average Auto Loan Rate 2024 Elections

Average Auto Loan Rate 2024 Elections. In early 2023, average rates for new and used vehicles were 6.58 percent and 11.70 percent, respectively,. The average amount that a car buyer financed rose to $42,160, and average monthly payments hit $753, according to edmunds data.

The average new car loan rate in september was 9.63%, while the average used car loan rate remained near recent highs at 13.95%. 5, 2024, banks in india are offering interest rates on new car loans starting as low as 8.50%.