Interest Rate Roundup
National auto loan rates

Here's a look at the state of auto loan rates from's weekly national survey of large banks and thrifts conducted Dec. 9, 2009.

Auto Loans

Rates: 6.77 percent (60-month, new car); 7.61 percent (36-month, used car)

Auto loan rates rose across the board this week, moving them closer to the multimonth high of two weeks ago.

Rates on new-car loans were up substantially, with the average 48-month and 60-month rates rising 3 basis points each, to 6.8 percent and 6.77 percent, respectively. Used-car loan rates also climbed higher; the average rate for a 36-month, used-car loan edged up 2 basis points, to 7.61 percent. 60-month new-car loans continued undercutting rates for shorter-term 48-month auto loans; the streak is now at 24 weeks.

This week the Environmental Protection Agency announced plans to regulate carbon dioxide, a greenhouse gas blamed by scientists for rising global temperatures. Autos are a major emitter of the gas, and EPA regulations could eventually force automakers to sell more fuel-efficient vehicles, limiting the size and power of automobiles sold in the U.S., according to a report by The Detroit News.

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

See all auto loan rates content.

-- Claes Bell


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

Snow, ice put cars to test

While much of the country may be tired of the snow, engineers are delighted with the extended opportunity to test their cars.  ... Read more

Connect with us