Here's a look at the state of auto loan rates from Bankrate.com's weekly national survey of large banks and thrifts conducted June 23, 2010.
- 6.92% (60-month, new car)
- 7.67% (36-month, used car)
Auto loan rates were flat this week. The average rates for 48-month new-car loans and 60-month new-car loans each stayed put at 6.95 percent and 6.92 percent, respectively. Used-car rates also idled in place; the 36-month used-car was unchanged at 7.67 percent.
Pure electric automaker Tesla unveiled plans for a slew of new electric vehicles, including a van, a crossover and a cabriolet, according to Autoblog.com. CEO Elon Musk revealed the plans for three new vehicles in his pitch for the company's initial public offering. The new vehicles will all be built on the platform developed for its Model S sedan, which is set to go on sale in 2012.
To find updated auto rates in your area, visit Bankrate's auto rate table.
-- Claes Bell