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 2021: New car loans averaged 2.63% APR across 4 lenders, down 0.02 points from November 2021, and the lowest advertised rate was 1.79% from PenFed Credit Union. Used car loans averaged 2.76% APR across 4 lenders, down 0.01 points from November 2021, and the lowest advertised rate was 2.29% from Bank of America. Refinance loans averaged 3.03% APR across 3 lenders, down 0.02 points from November 2021, and the lowest advertised rate was 2.34% from U.S. Bank. Lease buyout loans averaged 3.79% APR across 2 lenders, down 0.02 points from November 2021, and the lowest advertised rate was 3.09% from Bank of America.
| Lender | Avg advertised APR (December 2021) | Lowest seen |
|---|---|---|
| Bank of America | 2.24% | 2.09% |
| PenFed Credit Union | 2.43% | 1.79% |
| U.S. Bank | 2.52% | 2.34% |
| Truist | 3.33% | 2.49% |
| Lender | Avg advertised APR (December 2021) | Lowest seen |
|---|---|---|
| Bank of America | 2.44% | 2.29% |
| U.S. Bank | 2.52% | 2.34% |
| PenFed Credit Union | 2.74% | 2.39% |
| Truist | 3.33% | 2.49% |
| Lender | Avg advertised APR (December 2021) | Lowest seen |
|---|---|---|
| U.S. Bank | 2.52% | 2.34% |
| Bank of America | 3.24% | 3.09% |
| Truist | 3.33% | 2.49% |
| Lender | Avg advertised APR (December 2021) | Lowest seen |
|---|---|---|
| Bank of America | 3.24% | 3.09% |
| Truist | 4.33% | 3.49% |
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 2021, https://www.autoloanrate.com/rate-index/december-2021
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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.