Average advertised APRs across the U.S. lenders we track. Advertised rates assume top-tier credit - treat them as each lender's floor. Methodology.
| Lender | Avg advertised APR (March 2023) | Lowest seen |
|---|---|---|
| MyAutoLoan | 4.87% | 4.75% |
| PenFed Credit Union | 5.32% | 4.89% |
| Bank of America | 5.72% | 5.34% |
| U.S. Bank | 6.91% | 6.66% |
| Truist | 8.37% | 5.99% |
| Lender | Avg advertised APR (March 2023) | Lowest seen |
|---|---|---|
| MyAutoLoan | 5.12% | 4.99% |
| PenFed Credit Union | 5.79% | 5.54% |
| Bank of America | 5.92% | 5.54% |
| U.S. Bank | 6.91% | 6.66% |
| Truist | 8.37% | 5.99% |
| Lender | Avg advertised APR (March 2023) | Lowest seen |
|---|---|---|
| MyAutoLoan | 4.62% | 4.49% |
| Bank of America | 6.72% | 6.34% |
| U.S. Bank | 7.34% | 7.09% |
| Truist | 8.87% | 6.49% |
| Lender | Avg advertised APR (March 2023) | Lowest seen |
|---|---|---|
| MyAutoLoan | 4.74% | 4.49% |
| Bank of America | 6.52% | 6.14% |
| Truist | 8.87% | 6.49% |
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, March 2023 - https://www.autoloanrate.com/rate-index/march-2023
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.