Home / FAQs / What are auto loan rates today?

What are auto loan rates today?

Looking into buying or refinancing a car and curious 'what are auto loan rates today?'

Nicholas Hinrichsen - Published: September 27, 2020

The FED just lowered the government's short-term lending rate to 0% in order to avoid an economic downturn. If the government and banks can now borrow money at basically 0%, your auto loan rate today could also be lower.

The following table shows what auto loan rates are today:

Credit ScoreNew carUsed car
760+2.69%3.49%
700-7603.00%4.25%
650-7005.50%6.50%
600-6509.75%10.75%
550-60015.50%17.50%
Below 55022.00%22.00%


Haven't explored refinancing yet?
WithClutch.com is a fully digital platform that lets car owners like you do so from the comfort of their own home. No need to set a foot in a bank or credit union. You can lower your rate or get cash in as little as 20 seconds.

Follow three simple steps to refinance your auto loan, get approved in seconds and save thousands in minutes.

Consumer Solutions

Commercial Solutions

Address

WithClutch, LLC

2120 E El Parque Dr

Tempe, AZ 85282

Legal

Developer Tools

Contact

© 2020 WithClutch. All rights reserved.