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

(click the thumbnail for a full version)new car loan rates

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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

About the Author

Casey Bond is a seasoned personal finance writer and contributes to a number of major national publications in addition to GOBankingRates, including US News & World Report, Huffington Post and Business Insider. She has also been featured on Yahoo! Finance, The Street, MSN, The Motley Fool, LearnVest, Money Talks News, Can Do Finance, Seeking Alpha, Investopedia, About.com, Redbook, Style Magazine, as well as ABC News radio and a number of local news radio outlets.