: The average APR for a 60-month loan is approximately 7.02% .
Creditworthiness remains the single most significant factor in determining a borrower's specific APR. Data from April 2026 illustrates a nearly between the highest and lowest credit tiers for new vehicles. Credit Tier Credit Score Range Average New Car APR Average Used Car APR Super Prime 4.66% 7.70% Prime 6.27% 9.98% Nonprime 9.57% 14.49% Subprime 13.17% 19.42% Deep Subprime 16.01% 21.85% (Source: Compiled from Bankrate , US News , and CNBC ) 2. Macroeconomic and Policy Drivers car buying interest rates
The stabilization of auto loan rates is closely linked to broader economic indicators and central bank activities. : The average APR for a 60-month loan is approximately 7
The Determinants of Auto Loan Interest Rates in 2026: An Analysis of Market Trends and Borrower Profiles Credit Tier Credit Score Range Average New Car