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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States with Highest and Lowest Auto Loan Rates

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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About the Author

Casey Bond

Casey Bond is seasoned editor and writer who has covered personal finance for more than a decade. Currently, she is a reporter for HuffPost covering money, home and living. Previously, she held editorial management roles at Student Loan Hero and GOBankingRates. Casey’s work has also appeared on Yahoo!, Business Insider, MSN, The Motley Fool, U.S. News & World Report, Forbes, TheStreet and more.

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