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National auto loan rates for July 15, 2010

Interest Rate Roundup
Auto loan rate graph

Auto Loans

  • 6.95% (60-month, new car)
  • 7.67% (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 July 14, 2010.

Auto loan rates stalled this week, with no movement in any loan terms surveyed. The average rate for a 48-month, new-car loan is still 6.98 percent. The 60-month, new-car loan rate is 6.95 percent. Used-car rates also stayed in park; the 36-month, used-car loan rate is still 7.67 percent.

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

-- Sheyna Steiner

 

 

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Auto Averages
Product Rate +/- Last week
48 month used car loan
2.92% 2.93%
48 month new car loan
2.45% 2.45%
36 month used car loan
2.88% 2.88%
36 month new car loan
2.29% 2.30%
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