- 5.34% (60-month, new car)
- 6.34% (36-month, used car)
Auto loan rates on new cars were unchanged for the sixth straight week. The average rates for 48-month and 60-month new-car loans idled at 5.31 percent and 5.34 percent, respectively.
Used-car loan rates also stayed put. The average rate for a 36-month used-car loan remained at 6.34 percent.
This month, Consumer Reports released the results of its 2011 owner-satisfaction survey for autos. The overall winner was the Chevrolet Volt, which 93 percent of respondents said they would buy again. One caveat of the study is that the results were collected before revelations of potential vehicle fires under investigation by the National Highway Traffic Safety Administration. The V-8-powered Dodge Challenger and the Porsche 911 rounded out the top three, scoring 91 percent apiece.