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Monthly car loan rates in the U.S. 2017-2020

Car loan interest rates in the United States amounted to 4.24 percent as of September 30, 2020. The smaller the car loan interest rates, the cheaper the loan is. In the United States, the interest rate on five-year car loan has increased slightly over time with a highest value of 4.96 percent occurring in December 2018. An average amount of new car financing in the U.S. was 32,797 U.S. dollars at the end of the fourth quarter of 2019.

Interest rates on auto loans in the United States from September 2017 to September 2020

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Release date

October 2020


United States

Survey time period

January 2014 to September 2020

Supplementary notes

Average interest rate on a 60-month new car loan.
End of month data.

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

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