Interest Rate Roundup
- 60-month, new car: 4.37%
- 36-month, used car: 5.19%
Auto loan rates dipped slightly this week, according to Bankrate's latest survey of interest rates.
Rates on typical 36-, 48- and 60-month new car loans fell 1 basis point each to 4.3 percent, 4.32 percent and 4.37 percent, respectively. A basis point is one-hundredth of 1 percent.
The average 48-month used car loan dropped 1 basis point to 5.36 percent, while the average 36-month used car loan fell 1 basis point to 5.19 percent.