auto

National auto loan rates for May 17, 2012

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

Auto Loans

  • 4.47% (60-month, new car)
  • 5.13% (36-month, used car)

Auto loan rates were mixed this week after setting new record lows across the board in last week's survey.

The average rate for a 48-month new-car loan fell 1 basis point to 4.36 percent. The average rate for 60-month new-car loans was unchanged at 4.47 percent. A basis point is one-hundredth of 1 percentage point.

Used-car loan rates also held steady, with the average rate for a 36-month used car remaining at 5.13 percent.

A new study by the National Highway Traffic Safety Administration shows 5 percent of vehicles involved in crashes had tire problems leading up to the event. Of those, 66 percent were passenger vehicles. The NHTSA says the study emphasizes the importance of maintaining and inflating tires properly.

 

 

 

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