auto

National auto loan rates for May 24, 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 flat this week.

The average rates for 48-month and 60-month new-car loans coasted at 4.36 percent and 4.47 percent, respectively.

Used-car loan rates were also unchanged, with the average rate for a 36-month used car coming in at 5.13 percent again this week.

This year is looking to be a banner year for the auto industry, according to a report by Edmunds.com. Lacey Plache, Edmunds' chief economist, predicted this week that auto sales would exceed 14.4 million by the end of the year, amounting to a 12.5 percent increase over 2011. Rising consumer confidence, along with pent-up demand from years of customers holding off on new auto purchases, should contribute to rising sales, according to the report.

 

 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

2 years free charging from Nissan

Nissan is hoping to spur more sales of electric cars with an incentive that offers new buyers two years of free public charging.  ... Read more


Connect with us