Interest rates on auto loans in the United States from January 2016 to December 2017

Monthly car loan rates in the U.S. 2016-2017 This statistic presents the average interest rate on a 60-month new car loan in the United States from January 2016 to December 2017. Car loan interest rates amounted to 4.43 percent as of December 27, 2017. The smaller the car loan interest rates, the cheaper the loan is. In the United States, interest rate on 5-year car loan has been stable over time and with the highest value of 4.51 percent in July 2017. An average amount of new car financing in the U.S. was 30,621 U.S. dollars at the end of fourth quarter of 2016.
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Interest rate
Jan 164.33%
Feb 164.29%
Mar 164.33%
Apr 164.28%
May 164.25%
Jun 164.17%
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%
Interest rate
Jan 164.33%
Feb 164.29%
Mar 164.33%
Apr 164.28%
May 164.25%
Jun 164.17%
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%

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Description Source More information
This statistic presents the average interest rate on a 60-month new car loan in the United States from January 2016 to December 2017. Car loan interest rates amounted to 4.43 percent as of December 27, 2017. The smaller the car loan interest rates, the cheaper the loan is. In the United States, interest rate on 5-year car loan has been stable over time and with the highest value of 4.51 percent in July 2017. An average amount of new car financing in the U.S. was 30,621 U.S. dollars at the end of fourth quarter of 2016.
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Release date
December 2017
Region
United States
Survey time period
January 2016 to December 2017
Supplementary notes
Average interest rate on a 60-month new car loan.
End of month data.

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