New Jersey's high median household income and dense suburban commuter geography make vehicle ownership common despite available NJ Transit options. The competitive North Jersey / New York metro market means excellent direct-lending options from major banks, credit unions, and online lenders.
National averages from the Federal Reserve G.19 (live data) — commercial banks, new car loans. Not state-specific rates — not a rate quote. Your actual rate depends on credit score, down payment, vehicle, and lender.
60-Month New Car
7.52%
National avg, commercial banks — February 2026
72-Month New Car
7.55%
National avg, commercial banks — February 2026
Illustrative example — not a rate quote or offer
$35,000 loan · 60 months · 7.52% APR (Federal Reserve G.19 (live data) national benchmark)
Est. monthly
$702
Total paid
$42,100
Total interest
$7,100
Source: Federal Reserve G.19 Consumer Credit · NCUA rate comparison