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Home » Big Wheels: Loan rates continued to climb in February 

Big Wheels: Loan rates continued to climb in February 

National average loan rate for new cars hit 8.03% on Feb. 20

JJ HornblassbyJJ Hornblass
June 10, 2024
in Big Wheels
Reading Time: 1 min read
0
colorful cars

(Photo/Canva)

Auto loan rates continued to climb in February, even as vehicle supply seems to be easing.   The national average loan rate for new cars hit 8.03% on Feb. 20, the last date for which data was available from Curinos. That is up from 7.16% at this time last year.   The national average includes rates […]

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