- 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.