auto

Auto rates for April 12, 2012

 

Although auto rates have taken a break from the wild dives we've seen over the last few months, rates are still near record lows with the 48-month and 60-month new-car loans holding steady at 4.41% and 4.52%, respectively.

Used-car rates were also unchanged, with the average rate for a 36-month used-car loan idling at 5.22 percent.

High gas prices, a more positive economic outlook, cheap financing and older, less fuel efficient cars have pushed auto sales higher in the first quarter of 2012. According to Edmunds.com, strong March sales resulted in the best quarter for U.S. vehicle sales since 2008.

If you're considering the purchase of a new or used car, researching the make and model is just as important as finding the best interest rate. And you can do that by visiting our auto loan rate tables, right here, at Bankrate.com.

I'm Kristin Arnold.

 

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