New Car Loan Interest Rates March 2024

New Car Loan Interest Rates March 2024. The average amount financed was. New car prices in march 2024 were still over 15 percent higher than they were in march 2021, according to kelley blue book.

The average interest rate on a loan for a new car was 7.18 percent at the end of 2023, up from 6.08 percent in 2022, experian said. The average payment has jumped to $740 a month on loans taken out for new vehicles bought in the second quarter of 2024;