What is Good Interest Rate On a Car Loan?

Man and Woman Signing Contract

To help you make sure you are getting a fair interest rate when you apply for a car loan, Suntrup Volkswagen has created this helpful chart. What is the average interest rate on a car loan? It really depends on your credit score. When you are looking for an affordable auto loan, you can trust the experts at Suntrup Volkswagen in St. Louis. Begin the application process today, and hit the roads of Oakville in the vehicle of your dreams in no time!

New and Used Car APR

Average Credit Score for New Car Annual Percentage Rate Average Credit Score for Used Car Annual Percentage Rate
781-850 3.17% 781-850 3.8%
661-780 4.03% 661-780 5.48%
601-660 6.79% 601-660 10.1%
501-600 10.98% 501-600 16.27%
300-500 13.76% 300-500 19.32%

How Do You Get the Best Interest Rate?

If you want to ensure you are getting the best interest rate possible, a little planning can go a long way. Take a look at your credit history and know your credit score. The better the score is, the less you will end up paying in interest. You’ll also want to be ready to negotiate.

So what is a good car loan rate? According to the chart we have provided, that answer ranges from 3.17% and 13.76%. Your credit score plays a major role in what you will be offered. After looking at this chart, plan the rate you want and be prepared to negotiate if they offer you something higher than you expected. Before you make a final decision and accept the terms of your loan, be sure to take a look at the entire offer, not just the interest rate you were given.

What is the Average Interest Rate on a Car Loan?

On a three-year car loan, the average interest rate is around 3% to 4.5%. Keep in mind that your credit score affects this figure, as well as where you decide to take out the loan. Apply with various lenders to see what you are offered and compare the rates from there. This can ensure that you are getting the best deal on the vehicle of your choice.

Suntrup Volkswagen Makes the Finance Process Hassle-Free

Many Mehlville drivers dread the automotive financing process, but they don’t have to when they shop with us. We will walk you through the entire process and answer any questions you may have along the way. We can’t wait to make your dream car a reality. Contact us today with any questions.

Explore Our Models

  • 2020 Volkswagen Jetta Interior

    Upgrade your Oakville commute with a Volkswagen Jetta for sale! The 2020 Volkswagen Jetta interior offers luxurious design and comfort, thanks to a driver-focused interior and ample technologies that’ll enhance your Mehlville trips. Learn more about the Volkswagen Jetta interior with Suntrup Volkswagen, then consider a Volkswagen Jetta lease. Learn More Contact Us Jetta Inventory Volkswagen…

  • Volkswagen Jetta Warning Lights

    Seeing a dashboard warning light pop up may cause unnecessary stress. However, with some of the warning lights on your Jetta, you do not need to panic. If the warning light is yellow, it typically means that it is time to set up an appointment in the near future. If the warning light is red,…

  • 2019 Volkswagen Atlas Configurations

    The robust and spacious 2019 Volkswagen Atlas SUV is the vehicle you’ve been looking for— and when you see how many configurations and package options there are to consider amongst the four available base trims, you’ll discover the perfect fit for your St. Louis family’s needs. The Atlas S, Atlas SE, Atlas SEL, and Atlas SEL…

Saved Vehicles ×


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us ×


Call Now

6000 S Lindbergh Blvd. • St. Louis, MO 63123

Get Directions

Today's Hours:

Open Today! Sales: 9am-6pm

Open Today! Service: 7am-9pm

Open Today! Parts: 7am-9pm

Suntrup Volkswagen

6000 S Lindbergh Blvd. St. Louis, MO

Phone: 314-892-8200



Phone: 314-892-8200

6000 S Lindbergh Blvd. St. Louis, MO


Phone: 314-892-8200

6000 S Lindbergh Blvd. St. Louis, MO


Phone: 314-487-4004

6000 S Lindbergh Blvd. St. Louis, MO
38.5208643 -90.3438767
Suntrup Volkswagen 38.5208643, -90.3438767.