Rate Index · August 2025

Auto loan rates in August 2025.

Average advertised APRs across the U.S. lenders we track. Advertised rates assume top-tier credit - treat them as each lender's floor. Methodology.

New car
6.72%
-0.07 pts vs July 2025
Lowest: 5.24% (Bank of America)
Used car
6.87%
-0.07 pts vs July 2025
Lowest: 5.44% (Bank of America)
Refinance
6.33%
-0.06 pts vs July 2025
Lowest: 4.95% (MyAutoLoan)
Lease buyout
6.37%
-0.06 pts vs July 2025
Lowest: 4.40% (MyAutoLoan)

New car - by lender

LenderAvg advertised APR (August 2025)Lowest seen
Bank of America 5.47% 5.24%
MyAutoLoan 7.28% 6.49%
Truist 7.42% 7.24%

Used car - by lender

LenderAvg advertised APR (August 2025)Lowest seen
Bank of America 5.67% 5.44%
Truist 7.42% 7.24%
MyAutoLoan 7.53% 6.74%

Refinance - by lender

LenderAvg advertised APR (August 2025)Lowest seen
MyAutoLoan 5.22% 4.95%
Bank of America 6.06% 5.84%
Truist 7.70% 7.49%

Lease buyout - by lender

LenderAvg advertised APR (August 2025)Lowest seen
MyAutoLoan 5.34% 4.40%
Bank of America 6.06% 5.84%
Truist 7.70% 7.49%
Cite this data

This data is free to reference in articles, research, and reports with attribution and a link. Suggested citation:

Source: AutoLoanRate.com Auto Loan Rate Index, August 2025 - https://www.autoloanrate.com/rate-index/august-2025

Questions about the data? See how we collect it.

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How to read these numbers

Every figure on this page is an average of advertised APRs - the rates lenders publish for their best-qualified borrowers on the shortest common terms. Your own offer depends on credit profile, term length, vehicle age, and state. Two practical uses:

Full collection details, lender coverage, and revision policy: methodology.