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