Use Investopedia’s free auto loan calculator to estimate your monthly car payment, total interest paid, and overall cost to plan your loan and save money.

You’re more likely to find rates below 5% when you have a higher credit score ...

The average auto refinance rate is 8.05%, but well-qualified buyers might be able to refinance at rates starting below 5% ...

The Federal Reserve's recent 0.25% interest rate cut may make it cheaper for consumers to take out large loans. A lower interest rate can reduce the total amount paid on a car loan over its term, ...

According to credit reporting agency Experian, the average auto loan interest rate in the fourth quarter of 2025 was 6.37% ...