Rate Index · January 2025

Auto loan rates in January 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
6.80%
+0.27 pts vs December 2024
Lowest: 5.69% (Bank of America)
Used car
6.97%
+0.04 pts vs December 2024
Lowest: 5.99% (Bank of America)
Refinance
6.76%
-0.01 pts vs December 2024
Lowest: 4.99% (MyAutoLoan)
Lease buyout
6.69%
-0.01 pts vs December 2024
Lowest: 4.59% (MyAutoLoan)

New car - by lender

LenderAvg advertised APR (January 2025)Lowest seen
Bank of America 5.75% 5.69%
MyAutoLoan 7.14% 6.29%
Truist 7.52% 7.39%

Used car - by lender

LenderAvg advertised APR (January 2025)Lowest seen
Bank of America 5.99% 5.99%
MyAutoLoan 7.39% 6.54%
Truist 7.52% 7.39%

Refinance - by lender

LenderAvg advertised APR (January 2025)Lowest seen
MyAutoLoan 5.51% 4.99%
Bank of America 6.99% 6.99%
Truist 7.77% 7.64%

Lease buyout - by lender

LenderAvg advertised APR (January 2025)Lowest seen
MyAutoLoan 5.32% 4.59%
Bank of America 6.99% 6.99%
Truist 7.77% 7.64%
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, January 2025 - https://www.autoloanrate.com/rate-index/january-2025

Questions about the data? See how we collect it.

← December 2024 All months February 2025 →

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.