Follow Us: Google+
 
Bankrate.com

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
Compare Auto Rates
zip code:
product:



advertisement
Most Read
  1. 10 ways to turn off a homebuyer
  2. No more Social Security at 62?
  3. What TV homes cost in real life
  4. 5 frugal ways to expand living space
  5. Naughty things credit card won't buy
  6. What it takes to remodel kitchen
  7. Danny Bonaduce's house for rent
  8. Bruce Willis' house for sale
  9. 12 meanest cars for the environment
  10. Celebrity estate planning mistakes
Auto Averages
Product Rate +/- Last week
48 month used car loan
2.70% 2.70%
48 month new car loan
2.51% 2.58%
36 month used car loan
2.76% 2.76%
36 month new car loan
2.39% 2.47%
View rates in your area:
 

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
New-car leasing is up 12.5 percent, the highest level since Experian Automotive began tracking it in 2006.

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.