auto

Auto Rates for July 14, 2011

 

 

Auto loan rates in our weekly survey were down across the board this week. The average rate for a 48-month new-car loan fell 1 basis point, to 5.45 percent. The average rate for a 60-month new-car loan also fell, dropping 2 basis points to 5.48 percent.

Used-car loan rates were also lower. The average rate for a 36-month used-car loan slid 2 basis points, to 6.4 percent.

It could be a good time to refinance your auto loan. If you have at least three years left on a car loan and owe at least $7,500 to $10,000, you could stand to reap significant savings. Of course to really save yourself the most money, you must shop for the best rates. You can do that by visiting Bankrate.com. I'm Kristin Arnold.

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

6 more car recalls at GM

General Motors (GM) has issued yet another six recalls, totaling nearly 718,000 cars in the United States.  ... Read more


Connect with us