Average Auto Loan Rate for a Used Car in All 50 States

September 11, 2024

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If you’re shopping for a used car, where you buy it can have a big impact on how much you pay for it. Not only will prices vary, but auto loan rates will vary as well. In Maryland, the average APR for a used car loan is 7.10%, while in Mississippi, it’s 13.40%.

See how the average used car loan rates in your state compare.

Alabama

Average APR for a used SUV: 12.42%
Average APR for a used truck: 11.22%
Average APR for a used electric vehicle: 7.43%
Average APR for a used sedan: 14.56%
State average APR for a used vehicle: 12.69%

Alaska

Average APR for a used SUV: 10.62%
Average APR for a used truck: 9.66%
Average APR for a used electric vehicle: N/A
Average APR for a used sedan: 13.84%
State average APR for a used vehicle: 10.63%

Arizona

Average APR for a used SUV: 11.51%
Average APR for a used truck: 11.28%
Average APR for a used electric vehicle: 11.84%
Average APR for a used sedan: 12.96%
State average APR for a used vehicle: 11.84%

Today’s Top Offers

Arkansas

Average APR for a used SUV: 11.77%
Average APR for a used truck: 11.17%
Average APR for a used electric vehicle: 10.83%
Average APR for a used sedan: 13.56%
State average APR for a used vehicle: 11.99%

California

Average APR for a used SUV: 10.48%
Average APR for a used truck: 10.23%
Average APR for a used electric vehicle: 12.26%
Average APR for a used sedan: 12.21%
State average APR for a used vehicle: 11.16%

Colorado

Average APR for a used SUV: 10.60%
Average APR for a used truck: 10.35%
Average APR for a used electric vehicle: 11.13%
Average APR for a used sedan: 11.93%
State average APR for a used vehicle: 10.77%

Connecticut

Average APR for a used SUV: 10.09%
Average APR for a used truck: 10.30%
Average APR for a used electric vehicle: 9.35%
Average APR for a used sedan: 11.34%
State average APR for a used vehicle: 10.38%

Delaware

Average APR for a used SUV: 10.95%
Average APR for a used truck: 9.96%
Average APR for a used electric vehicle: 7.34%
Average APR for a used sedan: 11.91%
State average APR for a used vehicle: 10.88%

Florida

Average APR for a used SUV: 11.77%
Average APR for a used truck: 11.10%
Average APR for a used electric vehicle: 11.43%
Average APR for a used sedan: 12.80%
State average APR for a used vehicle: 11.77%

Georgia

Average APR for a used SUV: 12.47%
Average APR for a used truck: 12.04%
Average APR for a used electric vehicle: 12.36%
Average APR for a used sedan: 14.82%
State average APR for a used vehicle: 13.00%

Today’s Top Offers

Hawaii

Average APR for a used SUV: 12.45%
Average APR for a used truck: 12.00%
Average APR for a used electric vehicle: 7.29%
Average APR for a used sedan: 13.80%
State average APR for a used vehicle: 12.53%

Idaho

Average APR for a used SUV: 10.08%
Average APR for a used truck: 9.34%
Average APR for a used electric vehicle: 9.50%
Average APR for a used sedan: 11.35%
State average APR for a used vehicle: 10.05%

Illinois

Average APR for a used SUV: 11.54%
Average APR for a used truck: 10.40%
Average APR for a used electric vehicle: 9.74%
Average APR for a used sedan: 12.34%
State average APR for a used vehicle: 11.57%

Indiana

Average APR for a used SUV: 10.95%
Average APR for a used truck: 10.60%
Average APR for a used electric vehicle: 9.69%
Average APR for a used sedan: 12.44%
State average APR for a used vehicle: 11.13%

Iowa

Average APR for a used SUV: 10.47%
Average APR for a used truck: 9.83%
Average APR for a used electric vehicle: 7.13%
Average APR for a used sedan: 10.97%
State average APR for a used vehicle: 10.49%

Kansas

Average APR for a used SUV: 10.78%
Average APR for a used truck: 9.84%
Average APR for a used electric vehicle: 11.22%
Average APR for a used sedan: 11.51%
State average APR for a used vehicle: 10.77%

Kentucky

Average APR for a used SUV: 11.93%
Average APR for a used truck: 11.17%
Average APR for a used electric vehicle: 8.92%
Average APR for a used sedan: 13.46%
State average APR for a used vehicle: 12.13%

Louisiana

Average APR for a used SUV: 12.49%
Average APR for a used truck: 10.90%
Average APR for a used electric vehicle: 14.57%
Average APR for a used sedan: 14.31%
State average APR for a used vehicle: 12.55%

Today’s Top Offers

Maine

Average APR for a used SUV: 9.69%
Average APR for a used truck: 9.55%
Average APR for a used electric vehicle: 8.47%
Average APR for a used sedan: 10.67%
State average APR for a used vehicle: 9.76%

Maryland

Average APR for a used SUV: 6.78%
Average APR for a used truck: 7.22%
Average APR for a used electric vehicle: 4.94%
Average APR for a used sedan: 8.00%
State average APR for a used vehicle: 7.10%

Massachusetts

Average APR for a used SUV: 9.78%
Average APR for a used truck: 9.55%
Average APR for a used electric vehicle: 10.10%
Average APR for a used sedan: 10.99%
State average APR for a used vehicle: 10.01%

Michigan

Average APR for a used SUV: 10.58%
Average APR for a used truck: 9.66%
Average APR for a used electric vehicle: 10.05%
Average APR for a used sedan: 11.98%
State average APR for a used vehicle: 10.52%

Minnesota

Average APR for a used SUV: 10.09%
Average APR for a used truck: 9.74%
Average APR for a used electric vehicle: 7.82%
Average APR for a used sedan: 11.37%
State average APR for a used vehicle: 10.21%

Mississippi

Average APR for a used SUV: 12.93%
Average APR for a used truck: 12.26%
Average APR for a used electric vehicle: 10.81%
Average APR for a used sedan: 15.06%
State average APR for a used vehicle: 13.40%

Missouri

Average APR for a used SUV: 11.54%
Average APR for a used truck: 10.52%
Average APR for a used electric vehicle: 12.17%
Average APR for a used sedan: 12.19%
State average APR for a used vehicle: 11.47%

Today’s Top Offers

Montana

Average APR for a used SUV: 11.45%
Average APR for a used truck: 10.86%
Average APR for a used electric vehicle: N/A
Average APR for a used sedan: 14.40%
State average APR for a used vehicle: 11.76%

Nebraska

Average APR for a used SUV: 9.73%
Average APR for a used truck: 10.03%
Average APR for a used electric vehicle: 8.42%
Average APR for a used sedan: 10.28%
State average APR for a used vehicle: 9.97%

Nevada

Average APR for a used SUV: 12.01%
Average APR for a used truck: 10.65%
Average APR for a used electric vehicle: 14.23%
Average APR for a used sedan: 13.91%
State average APR for a used vehicle: 12.36%

New Hampshire

Average APR for a used SUV: 9.93%
Average APR for a used truck: 9.66%
Average APR for a used electric vehicle: 7.79%
Average APR for a used sedan: 10.52%
State average APR for a used vehicle: 9.93%

New Jersey

Average APR for a used SUV: 11.00%
Average APR for a used truck: 10.50%
Average APR for a used electric vehicle: 14.13%
Average APR for a used sedan: 12.16%
State average APR for a used vehicle: 11.31%

New Mexico

Average APR for a used SUV: 12.18%
Average APR for a used truck: 10.57%
Average APR for a used electric vehicle: 8.49%
Average APR for a used sedan: 12.99%
State average APR for a used vehicle: 11.95%

New York

Average APR for a used SUV: 10.40%
Average APR for a used truck: 9.66%
Average APR for a used electric vehicle: 10.67%
Average APR for a used sedan: 11.23%
State average APR for a used vehicle: 10.47%

Today’s Top Offers

North Carolina

Average APR for a used SUV: 11.07%
Average APR for a used truck: 10.80%
Average APR for a used electric vehicle: 11.80%
Average APR for a used sedan: 12.97%
State average APR for a used vehicle: 11.47%

North Dakota

Average APR for a used SUV: 12.24%
Average APR for a used truck: 11.47%
Average APR for a used electric vehicle: 29.99%
Average APR for a used sedan: 13.62%
State average APR for a used vehicle: 12.17%

Ohio

Average APR for a used SUV: 11.85%
Average APR for a used truck: 10.73%
Average APR for a used electric vehicle: 10.05%
Average APR for a used sedan: 12.70%
State average APR for a used vehicle: 11.85%

Oklahoma

Average APR for a used SUV: 11.38%
Average APR for a used truck: 10.84%
Average APR for a used electric vehicle: 8.33%
Average APR for a used sedan: 12.78%
State average APR for a used vehicle: 11.44%

Oregon

Average APR for a used SUV: 9.71%
Average APR for a used truck: 9.65%
Average APR for a used electric vehicle: 9.84%
Average APR for a used sedan: 11.15%
State average APR for a used vehicle: 10.05%

Pennsylvania

Average APR for a used SUV: 10.10%
Average APR for a used truck: 9.35%
Average APR for a used electric vehicle: 13.12%
Average APR for a used sedan: 11.07%
State average APR for a used vehicle: 10.10%

Rhode Island

Average APR for a used SUV: 10.01%
Average APR for a used truck: 9.77%
Average APR for a used electric vehicle: 9.00%
Average APR for a used sedan: 10.21%
State average APR for a used vehicle: 10.01%

South Carolina

Average APR for a used SUV: 11.67%
Average APR for a used truck: 11.51%
Average APR for a used electric vehicle: 9.13%
Average APR for a used sedan: 14.12%
State average APR for a used vehicle: 12.18%

Today’s Top Offers

South Dakota

Average APR for a used SUV: 10.81%
Average APR for a used truck: 10.05%
Average APR for a used electric vehicle: N/A
Average APR for a used sedan: 12.22%
State average APR for a used vehicle: 10.78%

Tennessee

Average APR for a used SUV: 11.26%
Average APR for a used truck: 10.42%
Average APR for a used electric vehicle: 9.13%
Average APR for a used sedan: 12.70%
State average APR for a used vehicle: 11.34%

Texas

Average APR for a used SUV: 11.93%
Average APR for a used truck: 11.88%
Average APR for a used electric vehicle: 10.59%
Average APR for a used sedan: 13.18%
State average APR for a used vehicle: 12.20%

Utah

Average APR for a used SUV: 9.73%
Average APR for a used truck: 9.08%
Average APR for a used electric vehicle: 10.96%
Average APR for a used sedan: 12.16%
State average APR for a used vehicle: 10.19%

Vermont

Average APR for a used SUV: 9.37%
Average APR for a used truck: 9.17%
Average APR for a used electric vehicle: 7.50%
Average APR for a used sedan: 8.68%
State average APR for a used vehicle: 9.16%

Virginia

Average APR for a used SUV: 10.78%
Average APR for a used truck: 10.26%
Average APR for a used electric vehicle: 9.94%
Average APR for a used sedan: 12.39%
State average APR for a used vehicle: 11.11%

Today’s Top Offers

Washington

Average APR for a used SUV: 9.25%
Average APR for a used truck: 8.61%
Average APR for a used electric vehicle: 7.50%
Average APR for a used sedan: 10.56%
State average APR for a used vehicle: 9.41%

West Virginia

Average APR for a used SUV: 12.55%
Average APR for a used truck: 11.67%
Average APR for a used electric vehicle: 8.41%
Average APR for a used sedan: 13.72%
State average APR for a used vehicle: 12.59%

Wisconsin

Average APR for a used SUV: 9.83%
Average APR for a used truck: 9.10%
Average APR for a used electric vehicle: 13.18%
Average APR for a used sedan: 10.94%
State average APR for a used vehicle: 9.90%

Wyoming

Average APR for a used SUV: 11.19%
Average APR for a used truck: 10.00%
Average APR for a used electric vehicle: N/A
Average APR for a used sedan: 10.83%
State average APR for a used vehicle: 10.62%

Methodology: For this study, GOBankingRates analyzed each U.S. state to find the average auto loan rates. Using Edmunds.com’s APR Car Loan Rates from August 2024, the auto loan rates were found for SUVs, trucks, electric cars and sedans, as well as state averages. All data was collected on and is up to date as of Sept. 5, 2024.

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