What is a Good Interest Rate for Your Car Loan?

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What is a good interest rate for your car loan? To provide you with a better understanding of interest rates, you’ll find a chart below detailing interest rates based on your credit score and if you’re buying a new or used vehicle. Review our chart, and then learn how to qualify for a better interest rate with Western Motors Fresno’s finance center near Visalia. 

Average Interest Rates on New & Used Car Loans

Average Credit Score for New Car

Annual Percentage Rate

Average Credit Score for Used Car

Annual Percentage Rate





















Ways to Get Better Interest Rates

Planning ahead can go a long way to help you secure a good interest rate in Madera. Start by checking your credit history and noting your credit score. A higher credit score is going to translate to a lower interest rate. Using your credit score, check the chart above so you can be prepared to negotiate if they offer you a rate beyond what you’re prepared to pay. 

While reviewing your offer, make sure you closely review all the details of your loan. While the interest rate is important, it’s not the only factor worth paying attention to. 

What is the Average Interest Rate on a Car Loan?

The average interest rate is between 3% and 4.5% for a three-year auto loan. However, that may not be what you’re offered— it will ultimately depend on your credit score. Getting pre-approved and shopping around the Muscatel area are a couple of easy ways to help you compare offers. 

Get Great Interest Rates With Western Motors Fresno’s Finance Center

The Western Motors Fresno finance center is here to help you secure a competitive used auto loan for your next vehicle. You can start with the online pre-approval process, and then reach out to our financial representatives to discuss your offers. We can help you navigate your trade-in and financing journey to ensure you leave our lot with a price and package that exceeds your expectations.

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5272 N Blackstone Ave • Fresno, CA 93710

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Western Motors Fresno 36.813653, -119.789834.