auto

National auto loan rates for Nov. 20, 2014

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

Auto Loans

  • 4.06% (60-month, new car)
  • 4.92% (36-month, used car)

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

The average rate for a 60-month new car loan went up 2 basis points to 4.06 percent. The average 36-month new car loan increased 2 basis points to 3.98 percent. The average 48-month new car loan rose 1 basis point to 4 percent.

A basis point is one-hundredth of 1 percent.

The average rate for a 36-month used car loan jumped 2 basis points to 4.92 percent, while the average 48-month used car loan rose 1 basis point to 4.99 percent.

 

 

 

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