According to CoinMeta, in the first quarter of 2026, the average interest rate for new car loans was 6.39%, while the average interest rate for used car loans was 11.43%. Credit score plays an important role in determining interest rates, but other factors can also affect them as well. To obtain more competitive auto loan rates, it is recommended to compare rates with multiple lending institutions before applying and to improve your credit score. It is expected that new car loan rates will range between 4.5% and 16%, while used car loan rates will be even higher, ranging from 6% to 22%.