auto

Auto Rates for April 28, 2011

 

 

Auto loan rates were mixed this week. The average rate for a 48-month new-car loan fell two basis points to 5.51 percent. The 60-month new-car loan average fell a little less steeply ... to 5.57 percent.

Rate for used-cars loans went up this week. The average rate for a 36-month used-car loan cruised up four basis points to 6.47 percent.

While auto manufacturers are tempting consumers with great incentives like low to zero percent financing, local car dealers are running short following the earthquake in Japan last month. Japanese auto makers, Toyota and Mitsubishi are seeing their profits fall as they curtail auto production there.

If you're in the market for an auto, you can find the best rates at Bankrate.com. I'm Kristin Arnold.

 

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

Toyota, Land Rover win value awards

Toyota and Land Rover recently received top honors in ALG’s 15th Annual Residual Value Awards.  ... Read more


Connect with us