Average advertised APRs across the U.S. lenders we track. Advertised rates assume top-tier credit, so treat them as each lender's floor. Methodology.
December 2018: New car loans averaged 4.12% APR across 6 lenders, down 0.02 points from November 2018, and the lowest advertised rate was 2.49% from PenFed Credit Union. Used car loans averaged 4.62% APR across 6 lenders, down 0.05 points from November 2018, and the lowest advertised rate was 3.34% from Truist. Refinance loans averaged 4.64% APR across 4 lenders, up 0.04 points from November 2018, and the lowest advertised rate was 3.34% from Truist. Lease buyout loans averaged 4.89% APR across 3 lenders, up 0.09 points from November 2018, and the lowest advertised rate was 3.64% from Truist.
| Lender | Avg advertised APR (December 2018) | Lowest seen |
|---|---|---|
| Bank of America | 3.41% | 3.14% |
| PenFed Credit Union | 3.44% | 2.49% |
| Wells Fargo | 3.90% | 3.90% |
| Truist | 4.08% | 3.34% |
| U.S. Bank | 4.59% | 4.59% |
| Chase | 5.27% | 5.14% |
| Lender | Avg advertised APR (December 2018) | Lowest seen |
|---|---|---|
| Bank of America | 3.84% | 3.79% |
| PenFed Credit Union | 3.93% | 3.49% |
| Truist | 4.33% | 3.34% |
| U.S. Bank | 4.59% | 4.59% |
| Wells Fargo | 5.26% | 5.26% |
| Chase | 5.75% | 5.59% |
| Lender | Avg advertised APR (December 2018) | Lowest seen |
|---|---|---|
| Bank of America | 4.27% | 4.14% |
| Truist | 4.38% | 3.34% |
| U.S. Bank | 4.59% | 4.59% |
| Wells Fargo | 5.33% | 5.33% |
| Lender | Avg advertised APR (December 2018) | Lowest seen |
|---|---|---|
| Bank of America | 4.76% | 4.54% |
| Truist | 4.83% | 3.64% |
| Wells Fargo | 5.08% | 5.08% |
This data is published under CC BY 4.0: free to use in articles, research, and reports with attribution and a link. Suggested citation:
Source: AutoLoanRate.com Auto Loan Rate Index, December 2018, https://www.autoloanrate.com/rate-index/december-2018
Download every month as CSV, or today's lender rates as JSON. Questions about the data? See how we collect it.
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.