auto

Auto rates for Jan. 17, 2013

 

I'm Greg McBride, senior financial analyst with Bankrate.com and here is your weekly look at auto loan rates.

Auto loan rates remain on the move. Rates for used car loans fell sharply, with the average 3-year used car rate falling to a new low of 4.77 percent and the average 4-year used car rate resetting a record low of 4.59 percent.

New car loan rates held steady, with the average 5-year new car loan rate remaining at a record low of 4.15 percent.

But the lowest rates remain below 2.5 percent on both new and used car loans, so do not settle for average.

For more information on auto loans and to find the best car loan rates in your area, check out the free search engine at Bankrate.com.

I'm Greg McBride.

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

Diesel car sales grow

While gas prices have dropped dramatically, the sales of diesel cars has continued to grow, rising 13.5 percent in 2014 over 2013, according to the latest data compiled by IHS Automotive for the Diesel Technology Forum.  ... Read more


Connect with us