Interest Rate On 2024 Car Loan. In august 2024, automotive site edmunds.com listed the average car loan interest rate for july 2024 as 7.1% apr for new car loans and 11.4% apr for used car loans. The average auto loan interest rate in the first quarter of 2024 was 6.73% for new vehicles and 11.91% for used vehicles, according to experian.
Hdfc bank offers attractive car loan interest rates on new car with up to 100% funding. For those holding onto loans with higher rates, 2024 could be a good chance to refinance to lower interest rates and a more affordable loan.