Average Used Car Loan Interest Rates
Updated in May, 2023
Prime loansUsed Vehicles
6.98% and more
+ 0.3% from last month
Subprime loansUsed Vehicles
11.99 % and more
Stable from last month
Deep Subprime loansUsed Vehicles
18.99% and more
- 1% from 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.
Financial institutions set interest rates.
We put them in competition and negotiate the best deal for you.
Get pre-approved and select the perfect vehicle at one of our dealers.