Average interest rates for car loan

The number of offers to choose from for a car loan is very large; you will find banks, trusts and credit unions, the last ones probably being the ones to offer you the best opportunities, however, the fact that a credit union is a credit union does not guarantee that it will be the lowest interest rate; for this reason at Fangio M&C we recommend that you investigate carefully before choosing. In case you want to save the time and effort of searching and comparing, remember that at FANGIO SAFE PURCHASE we have already done it for you and we will get you one of the lowest interest rates available for you at the time of purchase.

In this table you can find the interest percentages that are within the average provided at the time of writing this article (February 5, 2024 and updated April 6 of 2025) by one of the banks that has extensive relationships with car dealers: Ally. Take into consideration that 70% of car dealers will try to add an average of 2% extra as part of their deal; It is also worth remembering that the interest rate will not only depend on your credit score but also on how young or mature is your credit history.