auto

National auto loan rates for Aug. 5, 2010

Interest Rate Roundup
Auto loan rate graph

Auto Loans

  • 6.87% (60-month, new car)
  • 7.62% (36-month, used car)

Here's a look at the state of auto loan rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Aug. 4, 2010.

Auto loan rates were down slightly after a fairly significant drop last week. The average rate for a 48-month, new-car loan fell 1 basis point, to 6.9 percent. The average rate for a 60-month, new-car loan was also down, sliding 1 basis point, to 6.87 percent. Used-car rates declined as well; the benchmark 36-month used-car rate was off 1 basis point at 7.62 percent.

This week the Highway Loss Data Institute released its list of the most and least-stolen vehicles. Apparently thieves favor cars with a lot of horsepower; the V-8 Cadillac Escalade topped the list. Not far behind were the Ford F-250, the Infiniti G37 and V-8 iterations of the Dodge Charger and the Chevrolet Corvette Z06. On the other end of the spectrum, the Volvo S80, Saturn VUE and Nissan Murano were the least likely to be stolen.

To find updated auto rates in your area, visit Bankrate's auto rate table.

-- Claes Bell

 

 

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