– Rates
Current Auto Loan Interest Rates in Canada
Staying informed about prevailing car loan interest rates is crucial for making educated financing decisions.
At Canada's Best Car Loans, we provide up-to-date rate information to help you secure the best terms.
NEW Vehicles
3.5% - 7.5%
USED Vehicles
4.5% - 10%
Factors Influencing Your Interest Rate
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![Credit Score]()
Credit Score
Higher scores typically result in lower interest rates.
-
![Loan Term]()
Loan Term
Shorter terms often come with better rates.
-
![Vehicle Type]()
Vehicle Type
Newer vehicles usually qualify for lower rates.
-
![Down Payment]()
Down Payment
A larger down payment can reduce the loan amount and interest.
Current Rates from Major Canadian Lenders
LENDER
INTEREST RATE RANGE
7.49% - 9.99%
7.49% - 9.99%
7.99% - 11.73%
8.99% - 10.99%
7.99% - 9.99%
7.59% - 9.99%
8.99% - 10.99%
10.99% - 29.99%
10.99% - 29.99%
8.99% - 23.99%
8.99% - 29.99%
10.49% - 23.99%
9.99% - 34.99%
