Use Investopedia’s free auto loan calculator to estimate your monthly car payment, total interest paid, and overall cost to plan your loan and save money.

The APR, or Annual Percentage Rate, of a loan is the amount of interest you’ll be charged in one year for that loan. The APR is determined by the interest rate for your car loan. It also includes fees ...

According to credit reporting agency Experian, the average auto loan interest rate in the fourth quarter of 2025 was 6.37% for new cars and 11.26% for used cars. Here's how average rates broke down by ...

As of today, June 19th 2026, Bank of America is offering a new car (dealer) 5.39% APR, a used car (dealer) 5.59% APR. It's important to note that credit is a major factor, and not everyone is going to ...