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What is the average interest rate on an auto loan with 700 credit?

Improved your credit and wondering 'what is the average interest rate on an auto loan with 700 credit?'

Nicholas Hinrichsen - Published: August 23, 2020

Congrats! 700 is a great credit score. Auto loan rates for prime credit, i.e. between 750 - 850 are on an all time low. The following table shows the average interest rates on an auto loan with 700 credit both for new as well as for used cars:

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%


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