- 5.47% (60-month, new car)
- 6.46% (36-month, used car)
Auto loan rates in our weekly survey fell across the board, with new-car loans inching closer to the all-time lows they set at the beginning of the month. The average rates for 48-month new-car loans and 60-month new-car loans each fell 3 basis points, falling to 5.44 percent and 5.47 percent, respectively.
Rates for used-car loans fell a little more sharply. The average rate for a 36-month used-car loan declined 5 basis points, to 6.46 percent.
AAA is looking to address one of the biggest concerns raised about all-electric vehicles: that they can unexpectedly run out of juice, leaving their drivers stranded and in need of a tow. The organization will now include emergency EV charging services along with its popular emergency towing service in selected states beginning in August. EV drivers with AAA memberships in California, Florida, Georgia, Oregon, Tennessee and Washington will soon be able to call in a vehicle with a Level 2 or Level 3 charger that can recharge their batteries in hours or minutes, respectively.-- Claes Bell