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 March 31, 2010.

Auto loans

Rates: 6.95 (60-month, new car); 7.7 percent (36-month, used car)

Auto loan rates tumbled across the board this week. Average rates for 48-month new-car loan and 60-month new-car loans each skidded down 12 basis points, to 6.96 percent and 6.95 percent, respectively. Rates for used-car loans gave ground as well, with the 36-month used-car average losing 5 basis points, to 7.7 percent.

Toyota plans to extend incentives intended to boost sales following its recent recall troubles, according to a report from Bloomberg. The incentives, which include zero percent financing, discounted leases and free maintenance for repeat Toyota customers, should be extended at least another month, according to the report. The incentives have already helped the automaker boost sales 35 percent year-over-year.

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
CAR & MONEY NEWSLETTER

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

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

In-car electronics affect reliability

In-car electronics are one of the leading issues cited affecting car reliability, says Consumer Reports.  ... Read more


Connect with us