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Current Loan Rates (APR) in the U.S. for Used and New Cars
The average auto loan rates by state, as determined by Edmunds data.
Coronavirus Car Payment Relief Programs
Edmunds has assembled a list of resources to help you find relief from car payment anxiety during the coronavirus (COVID-19) pandemic.
How Much Car Can I Afford?
To stay on budget, your car payment shouldn't exceed 15 percent of your monthly take-home pay. Our Affordability Calculator can help you plan.
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Latest Auto Finance ArticlesView All Auto Finance Articles
  • Buying a Car When Interest Rates Are High
    Buying a Car When Interest Rates Are High
    New-car loan interest rates are the highest they've been since 2009. This touches all car buyers, but it's particularly bad for people with bad credit. Here's how to minimize the impact of higher interest rates when you're car shopping.
    Edmunds10/12/2023
  • How Long Should My Car Loan Be?
    How Long Should My Car Loan Be?
    A longer car loan may have lower payments, but will it save you money in the long run?
    Ronald Montoya04/10/2020
  • Coronavirus Car Payment Relief Programs
    Coronavirus Car Payment Relief Programs
    Edmunds has assembled a list of resources to help you find relief from car payment anxiety during the coronavirus (COVID-19) pandemic.
    Edmunds03/24/2020
  • Buying a Car When Interest Rates Are High
    Buying a Car When Interest Rates Are High
    New-car loan interest rates are the highest they've been since 2009. This touches all car buyers, but it's particularly bad for people with bad credit. Here's how to minimize the impact of higher interest rates when you're car shopping.
    Ronald Montoya04/11/2019
  • What to Do if You Can't Make Your Car Payment
    What to Do if You Can't Make Your Car Payment
    If you find yourself saddled with a monthly car payment that you can no longer afford, don't panic. You have options that can head off a repossession. But you need to move fast.
    Matt Jones10/12/2018
  • 10 Best Family Cars for 2018: Parents magazine & Edmunds
    10 Best Family Cars for 2018: Parents magazine & Edmunds
    Whether you need a three-row SUV with loads of room for passengers and cargo or a fuel-efficient car for errands, Parents and Edmunds recommend 10 great choices.
  • What You Need To Know About Zero-Percent Car Loans
    What You Need To Know About Zero-Percent Car Loans
    Interest-free financing can make new cars even more attractive to shoppers. Here are some factors to keep in mind.
    Ronald Montoya09/26/2018
  • How to Check Without Hurting Your Credit Score
    How to Check Without Hurting Your Credit Score
    You don't need a "hard" credit check to find out your car loan rate. Try getting pre-qualified instead.
    Matt Jones09/06/2018
  • Getting the Best Car Loan Interest Rates
    Getting the Best Car Loan Interest Rates
    Worried about getting the best interest rates for your car loan? Concerned you're a target for unfair lending practices? Use these six tips, and the chances of getting overcharged for an auto loan will drop dramatically.
    Matt Jones05/22/2018
  • What Car Shoppers Need to Know About Credit Reports
    What Car Shoppers Need to Know About Credit Reports
    To be a savvy consumer, you need to understand your credit report — it can determine whether you get the car of your dreams.
    Peter Gareffa08/31/2017
  • Divorce Credit Scores and Car Shopping
    Divorce Credit Scores and Car Shopping
    If a divorce has wrecked your credit score, don't despair. Here's a plan of attack for landing an auto loan with affordable terms.
    Edmunds03/03/2015
  • How To Buy a Car After Bankruptcy
    How To Buy a Car After Bankruptcy
    The key to buying a car if you're in bankruptcy is to shop around for an auto loan, just as you would if there were no black mark on your credit.
    Edmunds08/20/2013
  • The Risks of Auto Loan Cross-Collateralization
    The Risks of Auto Loan Cross-Collateralization
    If you have a car loan and a credit card with the same credit union, your car could be repossessed if you default on your credit card bills.
    Edmunds08/06/2013