[SIGNAL BRIEF] Consumer Credit: Bankrate: average 60-month new-car loan rate 7.00% (Apr 1, 2026 update)

Bankrate: average 60-month new-car loan rate 7.00% (Apr 1, 2026 update)

Bankrate’s weekly survey shows the average 60-month new-car loan rate at 7.00% as of its April 1, 2026 update.

Their table also lists 48-month new at 6.86% and 48-month used at 7.44%, framing where lender floors are sitting heading into April.

What this means for dealers: This is your payment reality check. A full 1-point rate cut is roughly $20 per month, so moving metal still has to come from trade equity, term, and OEM subvention, not wishful thinking on the Fed.

Source: Bankrate