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Car loan interest rates in the U.S. 2019-2022, by type

Published by Statista Research Department, Oct 28, 2022
As of 2022, 60-month new car loans granted by commercial banks had the highest interest rate in the United States. Meanwhile, auto loans at finance companies had an interest rate of nearly five percent. The finance rates for new cars fell in 2020 and 2021, but they are rising in 2022.

Interest rates on new car loans in the United States from 2nd quarter 2019 to 2nd quarter 2022, by type

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Release date

October 2022

Region

United States

Survey time period

2nd quarter 2019 to 2nd quarter 2022

Supplementary notes

The figures for car loans at commercial banks correspond to February (Q1), May (Q2), August (Q3), and November (Q4). Meanwhile, the values for car loans at finance companies correspond to the last month of each quarter.

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Statistics on " Car financing and leasing in the United States "

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Statistics on Car financing and leasing in the United States

Car loans

7

Car leases

4

Interest rates

4

Payments & maturity

6

Risk and delinquency

6

Further related statistics

21

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Topics

Car financing and leasing in the U.S.Personal savings in the United StatesFinancial markets in the U.S.Commercial vehicles worldwideVehicles in use in the U.S.
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