Follow Us: Google+
 
Bankrate.com

auto

National auto loan rates for May 16, 2013

Interest Rate Roundup
Auto loan rate graph
Find the best auto rates in your area.

Auto Loans

  • 4.12% (60-month, new car)
  • 4.69% (36-month, used car)

Auto loan rates were flat across the board this week in Bankrate's national survey.

The average rates for a 60-month and 48-month new-car loans stayed parked at 4.12 percent and 4.04 percent, respectively.

Rates on used-car loans also were unchanged, with the average rate on a 36-month used-car loan cruising at 4.69 percent.

A federal judge will soon decide whether to approve a massive settlement to satisfy a class-action lawsuit brought by Toyota owners over claims of sudden acceleration, according to a report by The Detroit News. The settlement, which could amount to as much as $1.63 billion, would cover claims by as many as 22.6 million current and former Toyota owners. It would also include funds for driver education and research into active safety features.

 

 

 

advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare Auto Rates
zip code:
product:



advertisement
Most Read
  1. Headlight requirements by state
  2. Nick Nolte's house for sale
  3. 8 eerie ghost towns
  4. 7 sedans for the young at heart
  5. Social Security traps to avoid
  6. 8 affordable, classic cars for retirees
  7. 10 cars for a midlife crisis
  8. 7 Social Security benefits
  9. 9 gas-only, fuel-efficient cars
  10. Top 10 states for foreclosure
Auto Averages
Product Rate +/- Last week
48 month used car loan
2.92% 2.97%
48 month new car loan
2.44% 2.45%
36 month used car loan
2.88% 2.92%
36 month new car loan
2.29% 2.29%
View rates in your area:
 

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
Customers are getting approved for car leases at the highest pace since the recession.

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.