U.S. Treasury yields continue to climb, which is expected to push auto loan interest rates higher. The 30-year Treasury bond yield reached 5.446% on Thursday, a level not seen since 2004, while the 10-year yield jumped to 5.15%, last hit in 2006. Average new car loan rates stood at 6.35% in the second quarter of 2026, compared to 11.2% for used cars, according to Experian data. Cox Automotive analysts note that new vehicle loan rates have already risen about 20 basis points over the past two months. To secure the best possible rate, buyers should broaden their financing search, explore different vehicle options, and get pre-approved before visiting the dealer.
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