To show you the average APR for your auto loan, please select you current credit score below :

Bad credit

Fair credit

Good credit

Excellent credit

If your score is below 500, the average rate is 14.07% (new) or 19.81% (used). Consider buying an inexpensive used car and refinancing in 6-12 months.

If your score is between 501-600, the average rate is 11.35% (new) or 16.92% (used).



  • Bad credit ok
  • Purchase Loans
  • Refinance Loans
  • APR -1,74% to 17.99%



  • No credit/bad credit ok
  • Purchase Loans
  • Income >$10,000 year
  • APR -4,6% to 17.09%
  • Only Carvana vehicles




  • Credit Score >500
  • Purchase Loans
  • Refinance Loans
  • APR -1,99% to 24.99%


Based on your fair credit score (601-660), the average loan rate is 7.05% (new) or 10.44% (used).



  • Compare +150 car loans
  • Get the best rates
  • +300,000 loans funded
  • A+ with the BBB




  • Lower interest rates
  • Quick  approval
  • Access credit unions
  • Refinance loans


Based on your good credit score (661-780), the average rate is 4.16% (new) or 5.68% (used).



  • Purchase loans
  • Most credit situations.
  • Refinance loans.
  • Easy online application.


Based on your excellent credit score (781-850) the average loan rate is 3.23% (new) or 3.95% (used).



  • Low fixed rates
  • flexible terms
  • Rate loan calculator
  • Apply online


Interest rates:

The interest rate you’ll get depends on your credit score and income, the length of the loan you choose and the vehicle. If you have a loan and make consistent, on-time payments and your credit score improves, you may be able to refinance your car loan to get a better rate and lower your monthly payment.

Loan terms:

Some lenders offer loans for up to 84 months. However, it’s best to pay off a car loan quickly since cars depreciate rapidly. Owing more on the loan than the car is worth is a risky financial situation. Also, the best interest rates are available for shorter loan terms. Most expert recommend 60 months for new cars and 36 months for used cars.

How To Get a Good Car Loan?

If you want to get a good car loan, there are a few more steps you should take that will save you money and keep you in control of the process.

Start by reviewing your credit report and score. This will help you get a rough idea of what interest rate you’ll be charged for a loan. See if there are any negative or derogatory entries on your credit report that can be eliminated quickly to boost your credit score. Better credit = better APR.

Take a close look at your finances. Your income and monthly expenses, rather than your desire for a cool new car, should drive your decision about how large a loan to seek. Some experts recommend that you spend no more than 10% of your after-tax monthly income on a car payment, but this rule of thumb is subject to a number of other factors. Do you live in an expensive city? What do your monthly bills look like? Are you buying a car that will be especially expensive to insure or maintain? Be conservative in estimating how much you can pay each month—and don’t forget to factor in insurance, maintenance, and fuel.

Calculate how much of a loan you can safely afford, given your credit history, your income, and your expenses. There are a number of car loan calculators that make this process easy.

Figure out how to make the largest down payment you can. Putting more money do