Interest Rate Roundup
- 60-month, new car: 4.08%
- 36-month, used car: 4.9%
Rates on auto loans were mostly unchanged this week, according to Bankrate's latest survey of interest rates.
The average rate for a 60-month new car loan ticked up 1 basis point to 4.08 percent. For the second straight week, the average rates for 48-month and 36-month new car loans held at 4.04 percent and 4.02 percent, respectively.
A basis point is one-hundredth of 1 percent.
The average rate for a 48-month used car loan was 5.02 percent again this week. The average rate for a 36-month used car loan kept its place at 4.9 percent.