auto

National auto loan rates for Dec. 16, 2010

Interest Rate Roundup
Auto loan rate graph

Auto Loans

  • 6.19% (60-month, new car)
  • 7.17% (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 Dec. 15, 2010.

Auto loan rates were mixed this week. New-car rates stayed put, with the average rates for a 60-month, new-car loans and 48-month, new-car loans cruising at 6.19 percent and 6.22 percent, respectively.

Used-car loans, on the other hand, rose slightly. The average rate for a 36-month, used-car loan, often used for auto loan refinancing, gained 1 basis point, to 7.17 percent.

 A study out this week by J.D. Power finds poor exterior styling and high price are the biggest reasons consumers reject a car they're considering. The study, which polled 25,000 people who registered a new vehicle in May, also found poor reliability, an unattractive interior and a bad manufacturer reputation were key factors in customers choosing not to buy an auto.

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

-- Claes Bell

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Cheap gas boosts holiday travel

With gas prices at the lowest they have been for Thanksgiving in five years, holiday travel this year will be up significantly, says AAA.  ... Read more


Connect with us