(April 2010) Edmunds.com reports that the average automobile finance rate dropped to 4.4 percent in March, its lowest since 2002 when Edmunds.com began to track finance records. In March 2009, the average interest rate for the industry was 5.8 percent.
Of all brands, Toyota had the lowest average finance rate, 1.9 percent. Mazda's average finance rate was next lowest at 2.5 percent and Mercury was third at 3.3 percent. On the other end of the spectrum, Kia had the highest average interest rate in March, 7.1 percent.