auto

Auto rates for Mar. 1, 2012

 

 

Car shoppers take note ... both new and used auto loans fell, resetting record lows for a second consecutive week. The average 4-year new car rate dipped below the 5 percent mark to 4.98%, while the average 5-year new car rate slid to 5.03%. Used car loan rates were lower also, dropping to 6.06% on a 3-year loan and 6.09% on a 4-year loan.

While the averages were all lower, it was mostly due to sharp declines at the upper end of the rate spectrum. The most competitive rates held steady. These record low rates are helping to boost U.S. car sales.

Of course to get the very best auto loan rates, you must have good to excellent credit. You can shop around for those rates right here at Bankrate.com. I'm Kristin Arnold.

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
 

A little research could save you BIG on interest.

Don't have time? Our rate-tracker tool saves you time and money. Delivered Thursdays.
 
advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Air bag recall hits 7.8M cars

About 7.8 million cars have been recalled due to a possible problem with the airbags that could cause them to deploy unexpectedly.  ... Read more


Connect with us