auto

National auto loan rates for Jan. 26, 2012

Interest Rate Roundup
Auto loan rate graph
Find the best auto rates in your area.

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.

 

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

FTC targets deceptive car ads

The FTC has taken action against two car dealership chains for deceptively advertising the costs of buying and leasing cars.  ... Read more


Connect with us