Best Car Loan Interest Rates 2024 Usa. Your auto loan interest rate is a major factor in your overall loan cost—especially when refinancing. If you have substantial equity in your home and need significant financing, a $500k heloc offers a great deal of.
In the first quarter of 2024, the overall average auto loan interest rate was 6.73% for new cars and 11.91% for used cars. The federal open market committee voted to hold the federal funds rate at a target range of 5.25% to 5.50% for an eighth consecutive time.