WebApr 6, 2024 · Average Used Auto Loan Rate for Excellent Credit Borrowers with top-notch credit get the lowest used car financing rates, on average. Consumers with credit scores … WebMar 2, 2024 · Those with bad credit tend to have longer loan terms on their new-car loans than those with good or excellent credit, according to the report. For new-car buyers with credit scores of 781 to 850, the average new-car loan term is nearly 65 months. For those with scores of 500 or lower, the average loan length climbs to just over 72 months.
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What Is a Good Interest Rate on a Car Loan? - Investopedia
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