GOBankingRates

States with the Highest and Lowest Auto Loan Rates (Infographic)

We recently performed a study of all the auto loan ratesoffered on new car loans throughout the U.S., averaging them by state to find out where it’s cheapest (and most expensive) to finance. Take a look at the map below to find out how your state compares to the rest of the nation.

See comprehensive breakdown and analysis:

10 Best States for Financing a New Car

10 Worst States for Financing a New Car

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Rank: City, Average New Car Loan Rate (APR)

1: St. Louis, 2.95
2: Detroit, 3.20
3: Pittsburgh, 3.20
4: Los Angeles, 3.25
5: Philadelphia, 3.26
6: Baltimore: 3.28
7: Louisville, 3.34
8: Seattle, 3.36
9: New York, 3.39
10: Cincinnati, 3.40
11: Portland, 3.43
12: Norfolk, 3.43
13: Lexington, 3.49
14: Jersey City, 3.49
15: Newark, 3.49
16: Indianapolis, 3.51
17: Chicago, 3.54
18: Las Vegas, 3.56
19: Hialeah, 3.58
20: Saint Paul, 3.59
21: Boston, 3.61
22: San Bernardino, 3.64
23: Minneapolis, 3.65
24: Atlanta, 3.66
25: Sacramento, 3.67
26: Kansas City, 3.67
27: Chesapeake, 3.67
28: Nashville, 3.68
29: Washington, 3.69
30: Virginia Beach, 3.70
31: Boise, 3.70
32: Chula Vista, 3.73
33: San Diego, 3.74
34: Garland, 3.75
35: Orlando, 3.75
36: Cleveland, 3.75
37: Long Beach, 3.75
38: Milwaukee, 3.76
39: Irving, 3.77
40: Fresno, 3.78
41: Columbus, 3.78
42: Tampa, 3.78
43: Las Vegas, 3.78
44: Memphis, 3.79
45: Santa Ana, 3.79
46: Los Angeles, 3.80
47: Glendale, 3.80
48: Jacksonville, 3.82
49: Bakersfield, 3.83
50: Anaheim, 3.84
51: Fort Wayne, 3.84
52: Miami, 3.86
53: San Francisco, 3.86
54: Reno, 3.86
55: Henderson, 3.89
56: Arlington, 3.90
57: Oklahoma City, 3.91
58: St. Petersburg, 3.92
59: Anchorage, 3.93
60: Charlotte, 3.93
61: Houston, 3.94
62: Birmingham, 3.95
63: Colorado Springs, 3.95
64: San Jose, 3.96
65: Denver, 3.97
66: Dallas, 3.97
67: Lincoln, 3.98
68: Phoenix, 4.00
69: Durham, 4.01
70: Greensboro, 4.01
71: Scottsdale, 4.02
72: Mesa, 4.02
73: Oakland, 4.03
74: Austin, 4.04
75: Toledo, 4.05
76: Plano, 4.05
77: Baton Rouge, 4.05
78: Madison, 4.05
79: Tulsa, 4.06
80: Raleigh, 4.06
81: Irvine, 4.07
82: Aurora, 4.08
83: El Paso, 4.08
84: Omaha, 4.08
85: North Las Vegas, 4.09
86: San Antonio, 4.12
87: Chandler, 4.14
88: Lubbock, 4.17
89: Gilbert, 4.17
90: Tucson, 4.19
91: Wichita, 4.21
92: Fort Worth, 4.24
93: Corpus Christi, 4.30
94: Albuquerque, 4.34
95: Riverside, 4.40
96: Stockton, 4.69
97: Fremont, 4.76
98: New Orleans, 4.85
99: Buffalo, 4.88
100: Laredo, 5.25

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