According to Edmunds sales data in October, the average interest rate was about 6.3% for new cars and 9.6% for used vehicles.

Edmunds: How to mitigate rising auto loan interest rates

The car experts at Edmunds have selected five of the best to help you decide which is the right one for you and your budget. Note that all the vehicles on this list, minus the Chevrolet, are eligible for a $7,500 federal tax credit.

Edmunds: 5 electric SUVs for almost any budget

Here are a few issues you need to know about the current car-buying climate, plus tips on best managing them.