Average auto loan APR by credit score
Experian's Q2 2026 averages use VantageScore 4.0 bands. Source published September 10, 2026; this table was checked September 29, 2026. These are historical averages, not live rates or offers. A lender may use another score model, and your APR depends on the lender, term, vehicle, and finances. Enter your quoted APR above for a more personal estimate.
| VantageScore 4.0 | New | Used |
|---|---|---|
| 781–850 | 4.41% | 6.29% |
| 661–780 | 6.15% | 8.81% |
| 601–660 | 9.71% | 13.93% |
| 501–600 | 13.52% | 19.10% |
| 300–500 | 16.11% | 21.62% |
Source: Experian, average car loan interest rates by credit score.
How the estimate works
Amount financed = vehicle price + sales tax on price + financed fees + remaining trade-in debt − down payment − trade-in value. For monthly rate r = APR ÷ 1200 and n months, payment = financed amount × r ÷ [1 − (1 + r)−n]; at 0%, payment = financed amount ÷ n. Total interest = payment × n − amount financed. Total vehicle cost = vehicle price + tax + fees + interest + any remaining trade-in debt. This assumes fixed monthly payments and no additional lending fees or prepayment changes. Insurance, registration, maintenance, and fuel are excluded.
If the down payment and trade-in equity exceed the purchase and fees, the amount financed is zero and no monthly payment is needed. A trade-in with debt greater than its value adds negative equity to financing.