In Q2 2026, borrowers with super prime credit (781 to 850) paid an average 4.41% APR on new car loans, while subprime borrowers (501 to 600) paid 13.52%, according to Experian. Here's the full breakdown and what it costs you.
| Credit tier | Score range | New car APR | Used car APR |
|---|---|---|---|
| Super prime | 781 to 850 | 4.41% | 6.29% |
| Prime | 661 to 780 | 6.15% | 8.81% |
| Near prime | 601 to 660 | 9.71% | 13.93% |
| Subprime | 501 to 600 | 13.52% | 19.10% |
| Deep subprime | 300 to 500 | 16.11% | 21.62% |
Average APRs on loans borrowers actually received. Source: Experian, State of the Automotive Finance Market, Q2 2026 data (VantageScore 4.0), published September 10, 2026.
The rates lenders advertise are their floor, reserved for top-tier credit. As of October 22, 2026, the lowest advertised new car APR we track is 3.75% from State Employees' Credit Union, and the lowest used car APR is 4.49% from Randolph-Brooks FCU. Super prime borrowers can get close to those numbers. Below about 660, expect a rate closer to the near prime and subprime averages above. See every lender's advertised rate on new car and used car rates.
The same $35,000 new car loan over 60 months, at each tier's average APR:
| Credit tier | APR | Monthly payment | Total interest |
|---|---|---|---|
| Super prime | 4.41% | $651 | $4,064 |
| Prime | 6.15% | $679 | $5,746 |
| Near prime | 9.71% | $739 | $9,320 |
| Subprime | 13.52% | $806 | $13,342 |
| Deep subprime | 16.11% | $853 | $16,191 |
Moving from near prime to prime saves about $3,574 in interest on this loan. Try your own numbers in the auto loan calculator.
Experian groups borrowers by VantageScore 4.0, not FICO. The two scales both run from 300 to 850 and usually land close together, but a lender may pull a different score than the one you see in a credit app. Lenders also price on more than the score: term, loan-to-value, income, and the age of the vehicle all move the rate.