National auto loan rates for Jan. 26, 2012

Interest Rate Roundup
Auto loan rate graph
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Auto Loans

  • 5.22% (60-month, new car)
  • 6.25% (36-month, used car)

Auto loan rates were mostly down this week. The average rate for a 48-month new-car loan fell 1 basis point to 5.15 percent. A basis point is one-hundredth of 1 percentage point. The average rate for a 60-month new-car loan, on the other hand, held steady at 5.22 percent.

Used-car loan rates were also down. The average rate for a 36-month used-car loan fell 1 basis point to 6.25 percent.

This week, Consumer Reports released the results of its annual Car-Brand Perception Survey, which surveys consumer attitudes about brand attributes such as safety, quality, value and performance. Toyota was the winner, followed by Ford, Honda, Chevrolet and Mercedes-Benz. However, all the top brands saw their scores fall significantly since last year, diminishing their lead over less-well-known brands.





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