- 4.02% (60-month, new car)
- 4.73% (36-month, used car)
Rates on auto loans were mostly unchanged this week, according to Bankrate's latest survey of interest rates.
The average rates for 60-month and 36-month new car loans were the same as last week, at 4.02 percent and 3.94 percent, respectively. The 48-month new car loan also didn't move, staying at 3.97 percent.
Rates on used car loans were mixed. The average rate for a 36-month used car loan was static at 4.73 percent, while the average 48-month used car loan fell 1 basis point to 4.79 percent, making it the only auto loan rate to change in Bankrate's survey. A basis point is one-hundredth of 1 percent.