auto

Auto Rates for March 31, 2011

 

 

Auto loan rates ticked upward this week. The average rates for 48-month new-car loans and 60-month new-car loans each rose 1 basis point, to 5.64 percent and 5.69 percent.

Used-car loans were also up slightly. The average rates for a 36-month used-car loan added one basis point to come in at 6.67 percent.

After a recent two year drought in car sales, car buyers are returning to showrooms for great financing on new cars and great deals on leases. Both banks and credit unions are returning to the market ... as news of U.S. car sales for January jumped 17 percent compared with the same month a year earlier.*

To get the best interest rate on your auto loan, you must shop around ... you can do that by visiting Bankrate.com. I'm Kristin Arnold.

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement
advertisement

Blog

Tara Baukus Mello

AAA survey: American drivers don’t trust car repair shops

Two-thirds said they distrust car mechanics, citing overcharges, recommendations for unnecessary services and previous bad experiences with repair shops.  ... Read more


Connect with us