Interest rates on auto loans in the United States from July 2016 to April 2018

Monthly car loan rates in the U.S. 2016-2018 This statistic presents the average interest rate on 60-month new car loans in the United States from July 2016 to April 2018. Car loan interest rates amounted to 4.59 percent as of April 29, 2018. The smaller the car loan interest rates, the cheaper the loan is. In the United States, the interest rate on 5-year car loan has increased slightly over time with a highest value of 4.59 percent occurring in April 2018. An average amount of new car financing in the U.S. was 31,099 U.S. dollars at the end of the fourth quarter of 2017.
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Interest rate
Jul 164.17%
Aug 164.18%
Sep 164.23%
Oct 164.26%
Nov 164.27%
Dec 164.32%
Jan 174.35%
Feb 174.36%
Mar 174.38%
Apr 174.35%
May 174.38%
Jun 174.44%
Jul 174.51%
Aug 174.25%
Sep 174.29%
Oct 174.3%
Nov 174.29%
Dec 174.43%
Jan 184.51%
Feb 184.53%
Mar 184.52%
Apr 184.59%
Interest rate
Jul 164.17%
Aug 164.18%
Sep 164.23%
Oct 164.26%
Nov 164.27%
Dec 164.32%
Jan 174.35%
Feb 174.36%
Mar 174.38%
Apr 174.35%
May 174.38%
Jun 174.44%
Jul 174.51%
Aug 174.25%
Sep 174.29%
Oct 174.3%
Nov 174.29%
Dec 174.43%
Jan 184.51%
Feb 184.53%
Mar 184.52%
Apr 184.59%
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Description Source More information
This statistic presents the average interest rate on 60-month new car loans in the United States from July 2016 to April 2018. Car loan interest rates amounted to 4.59 percent as of April 29, 2018. The smaller the car loan interest rates, the cheaper the loan is. In the United States, the interest rate on 5-year car loan has increased slightly over time with a highest value of 4.59 percent occurring in April 2018. An average amount of new car financing in the U.S. was 31,099 U.S. dollars at the end of the fourth quarter of 2017.
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Release date
April 2018
Region
United States
Survey time period
July 2016 to April 2018
Supplementary notes
Average interest rate on a 60-month new car loan.
End of month data.

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