- 5.41% (60-month, new car)
- 6.44% (36-month, used car)
Auto loan rates were down modestly this week. The average rates for 48-month new-car loans and 60-month new-car loans each lost 4 basis points, to 5.38 percent and 5.41 percent, respectively. A basis point is one-hundredth of 1 percentage point.
Used-car loan rates also lost ground. The average rate for a 36-month used-car loan fell 4 basis points to 6.44 percent.
Auto theft in the U.S. declined 7 percent last year compared to the year before, according to a new report by the Federal Bureau of Investigation. The FBI report set the total number of thefts at 737,142, causing losses of $4.5 billion, or an average of $6,152 per vehicle. The report found auto theft has been dropping for years, declining 38 percent since 2006 alone.