auto

National auto loan rates for Dec. 1, 2011

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

Auto Loans

  • 5.34% (60-month, new car)
  • 6.34% (36-month, used car)

Auto loan rates on new cars were unchanged for the fifth consecutive week. The average rates for 48-month and 60-month new-car loans remained stuck at 5.31 percent and 5.34 percent, respectively.

Used-car loan rates were also flat. The average rate for a 36-month used-car loan remained at 6.34 percent.

Black Friday sales likely made November the best month for U.S. car sales since the Cash for Clunkers program ended in 2009, according to a report from Bloomberg News. End-of-year and holiday sales incentives may be driving sales as buyers finally make auto purchases they've been deferring due to the struggling economy.

 

 

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