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 April 14, 2010.

Auto loans

Rates: 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.

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

Save money on gas over Labor Day

Wal-Mart has jumped on the gas savings bandwagon with its Great Gas Rollback program.  ... Read more


Connect with us