auto

National auto loan rates for June 14, 2012

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

Auto Loans

  • 4.47% (60-month, new car)
  • 5.12% (36-month, used car)

Auto loan rates were mostly flat this week.

The average rate for a 48-month new-car loan held steady at 4.32 percent, but the average rate for a 60-month new-car loan was down slightly, dropping 1 basis point to 4.47 percent. A basis point is one-hundredth of 1 percentage point.

Used-car loan rates were unchanged, with the average rate for a 36-month used-car loan staying put at 5.12 percent.

Job growth in the overall U.S. economy may be lackluster, but it's going strong at the nation's auto dealerships. Dealerships employed 933,500 workers in 2011, representing a 4.6 percent increase over 2010, according to a National Automobile Dealers Association report released this week.

 

 

 

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

Convertible drivers more educated

Convertible drivers are more educated and more affluent than the average new car buyer.  ... Read more


Connect with us