Here's a look at the state of auto loan rates from Bankrate.com's weekly national survey of large banks and thrifts conducted April 14, 2010.
Auto loansRates: 6.96 (60-month, new car); 7.7 percent (36-month, used car)
Auto loan rates were mixed again this week. The average rate for a 48-month new-car loan stayed flat at 6.98 percent, but the 60-month new-car loan average rose 1 basis point, to 6.96 percent. Rates for used-car loans were down slightly, with the 36-month used-car average falling 1 basis point, to 7.7 percent.
Toyota was hit with more bad news this week as its Lexus GX 460 SUV was given a Consumer Reports "don't buy" recommendation. Consumer Reports issued the recommendation because testers detected a tendency to roll over during hard turns. Toyota has responded by halting sales of the luxury SUV, according to a report by the Associated Press. Owners of 2010 GX 460s can obtain a loaner vehicle at no cost from a Lexus dealership while the matter is being resolved. Lexus customers can reach a Lexus representative at (800) 255-3987.
To find updated auto rates in your area, visit Bankrate's auto rate table.
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-- Claes Bell