auto

National auto loan rates for July 26, 2012

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

Auto Loans

  • 4.46% (60-month, new car)
  • 5.12% (36-month, used car)

Auto loan rates were mixed again this week.

The average rates for 60-month new-car loan stayed parked at 4.46 percent for the fourth consecutive week. However, the 48-month new-car loan average climbed 1 basis point to 4.33 percent. A basis point is one-hundredth of 1 percentage point.

The average rate for a 36-month used-car loan was also higher, inching up 2 basis points to 5.12 percent.

Many drivers who switched to smaller cars in recent years are happy with their decision, according to a new study by J.D. Power and Associates. In its most recent U.S. Automotive Performance, Execution and Layout Study, small cars received an average of 765 points on a 1,000-point scale from their new owners, who rated the appeal of their new autos. That's the same score that midsize vehicles were averaging four years ago, and evidence that small cars are becoming more feature-rich, according to the study. Small cars that won awards in the study included the Kia Soul and Chevrolet Sonic.

 

 

 

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

Be wary of counterfeit car tires

Consumer Reports recently found counterfeit tires that had been imported to the U.S. -- and they performed poorly.  ... Read more


Connect with us