National auto loan rates for July 14, 2011

Interest Rate Roundup
Auto loan rate graph
Find the best auto rates in your area.

Auto Loans

  • 5.48% (60-month, new car)
  • 6.4% (36-month, used car)

Auto loan rates in our weekly survey were down across the board this week. The average rate for a 48-month new-car loan fell 1 basis point, to 5.45 percent. The average rate for a 60-month new-car loan also fell, dropping 2 basis points to 5.48 percent.

Used-car loan rates were also lower. The average rate for a 36-month used-car loan slid 2 basis points, to 6.4 percent.

This week, Chrysler recalled 243,000 Ram pickup trucks over a "loss of directional stability in the left-hand front wheel, increasing the risk of a crash." The trucks' loss of stability is connected to a faulty tie-rod assembly that can fail during low-speed parking. Owners will eventually be able to take their trucks in to a dealer for a free inspection and a tie-rod replacement as needed. For more information, owners can call the Department of Transportation's vehicle safety hotline at (888) 327-4236, or go to




Show Bankrate's community sharing policy
          Connect with us


Tara Baukus Mello

543K more Toyota cars recalled for air bags

The auto giant has announced another air bag recall in order to meet safety standards.  ... Read more

Connect with us