Interest Rate Roundup
auto
National auto loan rates

Here's a look at the state of auto loan rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Jan. 20, 2010.

Auto loans

Rates: 6.85 percent (60-month, new car); 7.7 percent (36-month, used car)

Auto loan rates were down slightly this week. Average rates on 48-month and 60-month new-car loans gave up 1 basis point, to 6.87 percent and 6.85 percent, respectively. Rates for used-car loans were also down; the 36-month used-car average fell 1 basis point, to 7.7 percent.

Chrysler filed notice this week with the National Highway Traffic Safety Administration that it would be recalling 24,177 cars and trucks for a potentially dangerous brake defect. The models affected include 2010 models of its Chrysler Sebring; Dodge Avenger and Nitro; and Jeep Liberty, Commander and Grand Cherokee. Dodge Ram pickups from model years 2009 and 2010 were also included in the recall. These vehicles could have a brake booster retaining clip that is either missing or improperly formed, a defect that could result in "brake failure without warning, which could result in a crash," according to the filing.

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

See all auto loan rates content.

-- Claes Bell

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Don’t buy used car with tax refund

Think twice before using your tax refund to buy a car -- at least for the short term.  ... Read more


Connect with us