Latest Fed-reported average · second quarter of 2026
72-month new car loan
6.97%
New cars only · commercial banks
On $35,000 over 72 months: $596.21 a month and $7,927 in interest.
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The last 8 readings
The same loan at each quarter's average: $35,000 over 72 months.
| Quarter | Average rate | A month | Interest in all |
|---|---|---|---|
| Q2 2026 | 6.97% | $596.21 | $7,927 |
| Q1 2026 | 7.53% | $605.66 | $8,608 |
| Q4 2025 | 7.50% | $605.15 | $8,571 |
| Q3 2025 | 7.80% | $610.25 | $8,938 |
| Q2 2025 | 7.73% | $609.06 | $8,852 |
| Q1 2025 | 8.16% | $616.40 | $9,381 |
| Q4 2024 | 7.67% | $608.04 | $8,779 |
| Q3 2024 | 8.76% | $626.73 | $10,125 |
What this number is
It is the average rate commercial banks charged on 72-month loans for new cars, as published by the Federal Reserve. It is an average across banks and borrowers, not an offer, and it does not include fees. Your rate depends on the lender, your credit and the term. It covers new cars only; used-car loans are not in this figure.
Source: Federal Reserve G.19 Consumer Credit release, series RIFLPBCIANM72NM. Latest available: the second quarter of 2026. Checked 3 October 2026. What changed, quarter by quarter · How we use them.
Related
One-minute stories: Car loans. Go deeper with your own numbers: Where did my payments go?. Other averages: 24-month personal loan, 60-month new car loan, credit card.