National auto loan rates for Aug. 14, 2014

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

Auto Loans

  • 4.03% (60-month, new car)
  • 4.71% (36-month, used car)

Average rates on new car loans stalled this week, according to Bankrate's latest survey of interest rates.

For the third week in a row, the average rates on 48-month and 60-month new car loans held steady at 3.97 percent and 4.03 percent, respectively. The 36-month new car loan also didn't change this week, remaining at 3.96 percent.

The average rate for a 36-month used car loan stopped at 4.71 percent, marking its fifth week in that parking space. The average 48-month used car loan stayed at 4.78 percent.

A report this week by Moody's Analytics examined the question of subprime auto lending and whether it's a bubble that's about to burst due to the growth of loans to people with subprime credit. It found that "the rapid increase in auto lending volumes and the loosening of standards has not led to increases in overall delinquency or default rates, yet." It suggested that "some deterioration in loan performance may simply mean the market is returning to normal, rather than overheating."





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