National auto loan rates for July 21, 2011

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

Auto Loans

  • 5.51% (60-month, new car)
  • 6.41% (36-month, used car)

Auto loan rates did an about-face in this week's rate survey, with all loan terms surveyed up over last week.

The average rate for a 48-month new-car loan is up 3 basis points to 5.48 percent. The average 60-month new car loan rate is up 3 basis points to 5.51 percent. A basis point is one-hundredth of 1 percentage point.

The average rate for a 36-month used-car loan is up 1 basis point to 6.41 percent.

On Tuesday, the Highway Loss Data Institute announced that advanced technology used by carmakers is helping prevent crashes in high-end vehicles. The advanced forward collision avoidance feature in the Volvo XC60, a midsize SUV, helps drivers avoid low-speed crashes, the institute concluded from a study of insurance claims.

Volvo drivers with the City Safety feature were 27 percent less likely to file claims under property damage liability coverage. City Safety has been a standard feature on the XC60 since the 2010 model year.

The City Safety feature only works at speeds less than 19 miles per hour. It helps drivers avoid low-speed collisions on busy roads by braking if it senses other vehicles within 18 feet of the front bumper.




Show Bankrate's community sharing policy
          Connect with us

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
Partner Center


Tara Baukus Mello

Customize your Aston Martin car

Aston Martin is offering buyers the opportunity to fully customize their cars.  ... Read more

Connect with us