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What are auto loan rates today?
Nicholas Hinrichsen - Published: September 15, 2023
Looking into buying or refinancing a car and curious 'what are auto loan rates today?'
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:
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The following table shows what auto loan rates are today:
| Credit Score | New car | Used car |
| 760+ | 2.69% | 3.49% |
| 700-760 | 3.00% | 4.25% |
| 650-700 | 5.50% | 6.50% |
| 600-650 | 9.75% | 10.75% |
| 550-600 | 15.50% | 17.50% |
| Below 550 | 22.00% | 22.00% |
Haven't explored refinancing yet? Take a look at our exhaustive article about all the auto refinance companies and you will realize, WithClutch.com is the only 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.
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