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Interest rates for auto loans

Interest rates for 48- and 60-month new-vehicle auto loans at commercial banks dating back to 2007. Quarterly, not-seasonally adjusted. Updated: Oct. 7, 2021

Automobile Loan Rates

Rates based on 60-month term for 1-year-old models. Borrowers with A+ credit have combined credit reporting bureaus exceeding 720; A if their scores fall between 680 and 719; B, 650 and 679; and C, 625 and 649. For more information, contact Curinos at 800-848-0218.

Updated: Oct.11, 2021

NEW/CURRENT YEAR A+ [10/11/2021] A+ [10/23/2020] A [10/11/2021] A [10/23/2020] B [10/11/2021] B [10/23/2020] C [10/11/2021] C [10/23/2020] Nat'l Avg. [10/11/2021] Nat'l Avg. [10/23/2020] YoY Change (in bps)
Northeast 2.74 3.06 3.21 3.52 3.89 4.18 5.18 5.35 3.76 4.02 -26.00
Southeast 2.81 3.10 3.24 3.53 4.42 4.68 5.75 6.02 4.05 4.33 -28.00
Central Midwest 2.80 3.19 3.17 3.60 4.01 4.65 5.10 5.64 3.77 4.27 -50.00
Texas & Southwest 2.80 3.05 3.23 3.52 4.07 4.18 5.82 5.96 3.98 4.18 -20.00
Western 2.99 3.33 3.37 3.77 4.27 4.63 5.73 5.98 4.09 4.43 -34.00
Northwest 2.81 3.23 3.21 3.76 4.21 4.77 5.75 6.29 3.99 4.51 -52.00
Tier Avg Rate 2.83 3.16 3.24 3.62 4.14 4.51 5.56 5.87 3.94 4.29 -35.00
USED/1-YEAR-OLD A+ [10/11/2021] A+ [10/23/2020] A [10/11/2021] A [10/23/2020] B [10/11/2021] B [10/23/2020] C [10/11/2021] C [10/23/2020] Nat'l Avg. [10/11/2021] Nat'l Avg. [10/23/2020] YoY Change (in bps)
Northeast 2.75 3.05 3.22 3.53 3.90 4.19 5.20 5.40 3.77 4.04 -27.00
Southeast 2.99 3.26 3.41 3.70 4.61 4.87 5.98 6.26 4.25 4.52 -27.00
Central Midwest 2.89 3.28 3.27 3.68 4.12 4.76 5.19 5.72 3.87 4.36 -49.00
Texas & Southwest 2.84 3.10 3.25 3.55 4.10 4.22 5.85 5.99 4.01 4.21 -20.00
Western 3.01 3.34 3.38 3.78 4.29 4.64 5.75 6.00 4.11 4.44 -33.00
Northwest 2.82 3.24 3.24 3.78 4.23 4.80 5.78 6.32 4.02 4.54 -52.00
Tier Avg Rate 2.88 3.21 3.30 3.67 4.21 4.58 5.62 5.95 4.00 4.35 -35.00
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