Average New Car Loan Rate 2024. The average new car payment is $734 per month, according to. The average apr for a new car loan was 7.18%, according to experian's state of the automotive finance market report for the first quarter of 2024.

According to experian’s state of the automotive finance market report, the average auto loan interest rate for new cars in 2024’s second quarter was 6.84 percent,. One year ago, this figure stood at 7%.