National auto loan rates for Sept. 29, 2011

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

Auto Loans

  • 5.41% (60-month, new car)
  • 6.42% (36-month, used car)

Auto loan rates were mixed this week. The average rate for 48-month new-car loans dipped 1 basis point to 5.37 percent, and 60-month new-car loans stayed put at 5.41 percent. A basis point is one-hundredth of 1 percentage point.

Used-car loan rates, on the other hand, fell. The average rate for a 36-month used-car loan fell 2 basis points to 6.42 percent.

A new study by the Insurance Institute for Highway Safety finds the joint effort launched by automakers in the early 2000s to reduce the risks when SUVs and pickups collide with cars is starting to bear fruit. Design changes to make light trucks and cars more compatible in crashes have helped reduce the death rate for people in cars involved in such collisions by up to two-thirds, according to the study.




Show Bankrate's community sharing policy
          Connect with us

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

Partner Center


Tara Baukus Mello

Bad-credit car loans lowest since 2012

Car loans for consumers with the worst credit, so-called subprime and deep subprime, have fallen to its lowest share of auto loans overall since 2012.  ... Read more

Connect with us