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Auto rates for Jan. 30, 2014

 

I'm Doug Whiteman with Bankrate.com and here is your weekly look at auto loan rates.

There was some movement in auto loan rates this week, with used car loan rates shifting into reverse. The average 3-year used car rate retreated to 4.82 percent and the average 4-year used car rate pulled back under the 5 percent mark to 4.97 percent.

New car loan rates inched higher, with the average 5-year new car loan rate reverting to 4.25 percent, where it has been in 3 of the past 4 weeks. Not to worry though, there are still plenty of sub-3 percent rates available on both new and used car loans.

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 Doug Whiteman.

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