- 6.19% (60-month, new car)
- 7.18% (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 Feb. 16, 2011.
Auto loan rates mostly idled in place this week. The average rates for 48-month new-car loan and 60-month new-car loan stayed put at 6.14 percent and 6.19 percent, respectively.
Used-car loan rates were up by small margins. The average rate for a 36-month used-car loan, a popular option for auto loan refinancing, rose 1 basis point to 7.18 percent.
This week the National Highway Traffic Safety Administration announced a recall of 800,000 child safety seats manufactured in 2008 and 2009 by the Dorel Juvenile Group of Columbus, Ind. The NHTSA had received complaints of the seats' restraining straps loosening over time. You can find a list of the affected models on the NHTSA website.
To find updated auto rates in your area, visit Bankrate's auto rate table.-- Claes Bell