Average Used Car Loan Interest Rates

Updated in December, 2023

Prime loans

Used Vehicles
7.26% and more
  • + 1.3% from last month

Subprime loans

Used Vehicles
10.99 % and more
  • + 1% from the last month

Deep Subprime loans

Used Vehicles
14.99% and more
  • Stable in the last month

current used car loan interest rates

Used car loan rates currently start at 6.98%. (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.

Acces Credit

starting at 15.90%

Industrial Alliance

starting at 10.99%

Auto Capital Canada

starting at 11.49%


starting at 8.79%

Iceberg Finance

starting at 14.99%

Avantage Scotia

starting at 12.75%


starting at 7.26%


à partir de 11.90%


starting at 7.49%

TD Bank

starting at 7.99%

Eden Park

starting at 10.99%


Financial institutions set interest rates.


We put them in competition and negotiate the best deal for you.


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