YinYang / Getty Images/iStockphoto 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.
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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% Read More: Mechanics Explain Why You Should Never Buy These 6 Popular Car Brands
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emperorcosar / Shutterstock.com 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%
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DenisTangneyJr / Getty Images/iStockphoto 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% RoschetzkyIstockPhoto / Getty Images/iStockphoto
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% stellalevi / Getty Images 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% For You: The 20 Cars Seeing the Biggest Price Drops in 2024
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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% Holzman Moss Bottino Architecture / Wikimedia Commons 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% aimintang / iStock.com 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% Jacob Boomsma / Getty Images/iStockphoto 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% Drive Much? 9 Best and Affordable Cars for High-Mileage Adventures
sorincolac / Getty Images/iStockphoto 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% Kirk Fisher / Getty Images 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% pabradyphoto / iStock.com 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% Ultima_Gaina / Getty Images/iStockphoto 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% Higher Budget: 8 Best Luxury Cars for Wealthy Retirees
Wirestock / Getty Images/iStockphoto 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% Oleksii Liskonih / Getty Images/iStockphoto 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% ©Zillow 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% Larry Gibson / iStock.com 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% Photo Italia LLC / Getty Images/iStockphoto 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% DenisTangneyJr / Getty Images/iStockphoto 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% Up Next: 5 Affordable Car Brands That Will Last Over 10 Years With Proper Maintenance
APCortizasJr / Getty Images 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% ©iStock.com 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% Jacob Boomsma / Getty Images/iStockphoto 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% ©iStock.com 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% Art Wager / iStock.com 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% For Retirement: 6 Used Cars That Will Last Throughout Retirement
Jon Bilous / Shutterstock.com 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% marekuliasz / iStock.com 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% DenisTangneyJr / Getty Images 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% DenisTangneyJr / Getty Images 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% DenisTangneyJr / Getty Images/iStockphoto 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% Discover More: I’m a Boomer Who’s Driven Dozens of Car Models — These Are the 5 Best for Your Retirement Dollar
ElFlacodelNorte / Getty Images/iStockphoto 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% FilippoBacci / Getty Images/iStockphoto 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% ©iStock.com 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% Guy RD / Shutterstock.com 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% Sean Pavone / Getty Images/iStockphoto 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% DenisTangneyJr / iStock.com 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% Reliable Cars: 5 Affordable Car Brands That Rarely Need Repairs
Strekoza2 / Getty Images/iStockphoto 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% Wirestock / Getty Images/iStockphoto 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% DenisTangneyJr / Getty Images/iStockphoto 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% ©Shutterstock.com 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% DenisTangneyJr / Getty Images/iStockphoto 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% Cheap Options: 6 Best Used Cars for Retirees Under $10K in 2024
Jonathan Ross / Getty Images/iStockphoto 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% f11photo / Getty Images/iStockphoto 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% ©Zillow 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% marchello74 / iStock.com 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% ferrantraite / Getty Images 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% Avoid These: I’m a Mechanic: These 4 Cars Have Engines That Could Die on You
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% ablokhin / iStock.com 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% Ultima_Gaina / Getty Images 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% Ingo Dörenberg / iStock.com 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.
This article originally appeared on GOBankingRates.com : Average Auto Loan Rate for a Used Car in All 50 States
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