Interest Rate Roundup
- 60-month, new car: 4.37%
- 36-month, used car: 5.16%
Auto loan rates remained mostly unchanged for a third straight week, according to Bankrate's latest survey of interest rates.
Rates on typical 36- and 60-month new car loans held at 4.29 percent and 4.37 percent respectively, while the average 48-month new car loan crept down 1 basis point to 4.31 percent. A basis point is one-hundredth of 1 percent.
Used car loan rates changed slightly. The typical 36-month used car loan fell 1 basis point to 5.16 percent, while the average 48-month loan remained at 5.34 percent.