Interest Rate Roundup
National auto loan rates for May 27, 2010

Here's a look at the state of auto loan rates from's weekly national survey of large banks and thrifts conducted May 26, 2010.

Auto Loans

Rates: 6.96 (60-month, new car); 7.71 percent (36-month, used car)

Auto loan rates were mostly unchanged this week. The average rates for 48-month new-car loans and 60-month new-car loans stayed put, holding at 6.98 and 6.96, respectively. Rates for used-car loans were down slightly, with the 36-month used-car rate dropping 1 basis point, to 7.71 percent.

Flush with 20,000 pre-orders, Nissan Motor Co. will begin selling its all-electric Leaf hatchback in December, according to a report in The Detroit News. The Leaf is expected to cost around $25,000 after government tax incentives and will be rolled out initially in markets with the infrastructure necessary to quickly charge the vehicle, according to the report.

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

-- Claes Bell


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

Air bag recall hits 7.8M cars

About 7.8 million cars have been recalled due to a possible problem with the airbags that could cause them to deploy unexpectedly.  ... Read more

Connect with us