Car Buying Interest Rates May 2026

The stabilization of auto loan rates is closely linked to broader economic indicators and central bank activities.

Average Car Loan Interest Rates by Credit Score - NerdWallet car buying interest rates

Used car loans consistently carry higher interest rates than new car loans, largely due to the increased risk of depreciation and mechanical failure associated with older collateral. The stabilization of auto loan rates is closely

: Averages typically hover around 11% , though they can exceed 14% depending on the specific lender and sales-weighting. 1.2. Impact of Credit Scoring car buying interest rates