Interest rates for auto loans vary based on several factors, including the borrower’s credit score, loan term, and whether the vehicle is new or used. As of 2025, typical interest rates might range approximately as follows (note that actual rates can vary):
- Excellent Credit (750+): 2% – 4%
- Good Credit (700-749): 4% – 6%
- Fair Credit (650-699): 6% – 10%
- Poor Credit (below 650): 10% and above