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.