Average Used Car Loan Interest Rates
Updated in April, 2024
Prime loans
Used Vehicles
7.26%
and more
-
+ 1.3% from last month
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Eligibility
No late payment for four years, no bankruptcy or proposal, no collections.
No late payment for four years, no bankruptcy or proposal, no collections.
Subprime loans
Used Vehicles
10.99 %
and more
-
+ 1% from the last month
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Eligibility
Small delays of up to 30 days, unpaid proposal or bankruptcy on day 1.
Small delays of up to 30 days, unpaid proposal or bankruptcy on day 1.
Deep Subprime loans
Used Vehicles
14.99%
and more
-
Stable in the last month
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Eligibility
Several incidents: vehicle seizure, bankruptcies or proposals, late payments, etc.
Several incidents: vehicle seizure, bankruptcies or proposals, late payments, etc.
current used car loan interest rates
Used car loan rates currently start at 7.26%. (subject to variation on year, mileage and term)
Our credit analysts’ role is to secure the most favorable interest rate for you while customizing the payment terms to fit your budget.
starting at 15.90%
starting at 10.99%
starting at 11.49%
starting at 8.79%
starting at 14.99%
starting at 12.75%
starting at 7.26%
à partir de 11.90%
starting at 7.49%
starting at 7.99%
starting at 10.99%
1.
Financial institutions set interest rates.
2.
We put them in competition and negotiate the best deal for you.
3.
Get pre-approved and select the perfect vehicle at one of our dealers.