Rate Index · May 2026

Auto loan rates in May 2026.

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
7.02%
+0.10 pts vs April 2026
Lowest: 5.50% (MyAutoLoan)
Used car
7.15%
+0.10 pts vs April 2026
Lowest: 5.75% (MyAutoLoan)
Refinance
6.23%
+0.17 pts vs April 2026
Lowest: 4.20% (MyAutoLoan)
Lease buyout
6.31%
-0.07 pts vs April 2026
Lowest: 3.90% (MyAutoLoan)

New car - by lender

LenderAvg advertised APR (May 2026)Lowest seen
MyAutoLoan 6.58% 5.50%
Truist 7.46% 6.49%

Used car - by lender

LenderAvg advertised APR (May 2026)Lowest seen
MyAutoLoan 6.83% 5.75%
Truist 7.46% 6.49%

Refinance - by lender

LenderAvg advertised APR (May 2026)Lowest seen
MyAutoLoan 4.74% 4.20%
Truist 7.71% 6.74%

Lease buyout - by lender

LenderAvg advertised APR (May 2026)Lowest seen
MyAutoLoan 4.91% 3.90%
Truist 7.71% 6.74%
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, May 2026 - https://www.autoloanrate.com/rate-index/may-2026

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.