National auto loan rates for April 16, 2015

Interest Rate Roundup

Find the best auto rates in your area.

Auto Loans

  • 60-month, new car: 4.37%
  • 36-month, used car: 5.17%

Most auto loan rates rose for a second straight week, according to Bankrate's latest survey of interest rates.

Rates on typical 36- and 48-month new car loans increased 10 basis points to 4.29 percent and 4.32 percent, respectively. The average 60-month new car loan increased 9 basis points to 4.37 percent. A basis point is one-hundredth of 1 percent.

Used car loan rates were mixed. Rates for typical 36-month used car loans rose 6 basis points to 5.17 percent, while the average 48-month loan fell 2 basis points to 5.34 percent.

The big change in auto loan rates is the result of a change in the financial institutions participating in Bankrate's survey.





Show Bankrate's community sharing policy
          Connect with us

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

Partner Center


Tara Baukus Mello

Car loan amounts, terms climbing

More consumers are purchasing new and used cars with auto loans, and those loans are for higher amounts and longer terms.  ... Read more

Connect with us