auto

National auto loan rates for Feb. 26, 2015

Interest Rate Roundup

Find the best auto rates in your area.

Auto Loans

  • 60-month, new car: 4.07%
  • 36-month, used car: 4.86%

Rates on auto loans were mixed this week, according to Bankrate's latest survey of interest rates.

The average rates for 60-month and 48-month new car loans rose 1 basis point to 4.07 percent and 4.04 percent, respectively. The average rate for a 36-month new car loan rose 2 basis points to 4.02 percent.

A basis point is one-hundredth of 1 percent.

The average rate for a 48-month used car loan was 4.98 percent for the second straight week. The average rate for a 36-month used car loan kept its place at 4.86 percent.

 

 

 

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