auto

National auto loan rates for Sept. 18, 2014

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

Auto Loans

  • 4.02% (60-month, new car)
  • 4.73% (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 fell 2 and 3 basis points, respectively, to 4.02 percent and 3.94 percent. The 48-month new car loan also fell, dropping 2 basis points to 3.97 percent.

A basis point is one-hundredth of 1 percent.

Rates on used car loans moved in the opposite direction. The average rate for a 36-month used car loan rose 1 basis point to 4.73 percent, while the average 48-month used car loan inched up 1 basis point to 4.8 percent.

 

 

 

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