- 5.34% (60-month, new car)
- 6.34% (36-month, used car)
Auto loan rates showed little movement in this week's rate survey.
The average 48-month new-car loan rate was 5.31 percent. The 60-month new-car loan rate was also unchanged at 5.34 percent.
The average 36-month used-car loan rate dropped 1 basis point to 6.34 percent. A basis point is one-hundredth of 1 percentage point.
Black Friday could net more than just stocking stuffers for family and friends. The day after Thanksgiving will bring a cornucopia of savings to car buyers and will be the best day of the year to buy a car, according to TrueCar.com, a publisher of vehicle transaction data.
The average discount is forecast to be 9.5 percent off of the manufacturer's suggested retail price.