auto

National auto loan rates for Oct. 16, 2014

Interest Rate Roundup
Find the best auto rates in your area.

Auto Loans

  • 4.04% (60-month, new car)
  • 4.88% (36-month, used car)

Rates on auto loans were mixed this week, according to Bankrate's latest survey of interest rates.

The average rates for 60-month and 36-month new car loans held steady at 4.04 percent and 3.96 percent, respectively. The 48-month new car loan remained at 3.99 percent.

The average rate for a 36-month used car loan went up 1 basis point to 4.88 percent, while the average 48-month loan held at 4.94 percent.

A basis point is one-hundredth of 1 percent.

 

 

 

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