Auto loan rates fell across the board, with new-car loans inching closer to the all-time lows they set at the beginning of the month.
The average rates for 48-month new-car loans and 60-month new-car loans each fell 3 basis points, falling to 5.44 percent and 5.47 percent, respectively.
Rates for used-car loans fell a little more sharply. The average rate for a 36-month used-car loan declined 5 basis points, to 6.46 percent.
If you're in the market for a used car, expect to pay more. That's because a major supply of late model used cars comes from vehicles that were on a three-year lease ... three years ago, because of the financial crisis, leasing fell by 58 percent. *
No matter if you're in the market for a new or used car, you must shop around for the best rates ... you can do just that by visiting Bankrate.com. I'm Kristin Arnold.