Auto loan rates dropped to record lows this week. The average rate for a 48-month new-car loan was flat at 5.16 percent. The number of lenders cutting rates outnumbered those raising rates; pushing the average 3 year used car and 5 year new car loan rates to record lows of 6.26% and 5.22%, respectively.
It is important to shop around as borrowers with good credit can find rates below 3 percent on both new and used car loans at many regional and national banks, as well as credit unions.
A recent study by the Detroit Free Press found that the average age of the U.S. auto fleet hit a record 10.8 years in 2011.
If this economy has made you put off buying a car, the auto financing landscape looks favorable for consumers mulling a car purchase in 2012. To shop for the very best auto loan rates, just log onto Bankrate.com. I'm Kristin Arnold.
Wondering if you really need that repair on your car? Cruise the Web to find the answer.
New-car loan rates inched lower.
Auto loan rates crept lower this week.
Looking for a loan for a new car without a long-term financial burden? Try a 36-month new-auto loan.
Auto loan rates were up again this week.
Have fallen gas prices given Americans a reason to increase their discretionary income?
Not all items at dollar stores are good deals. But here are five finds that can be bargains.
You've still got plenty of time. Take advantage of tax-favorable vehicles such as a 401(k) plan and IRA.
Mortgage rates jumped for a second straight week.
CD yields continued their erosion this week.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
A little research could save you BIG on interest.