I'm Greg McBride with Bankrate.com and here is your weekly look at auto loan rates.
Both new and used auto loan rates continue to reset record lows. The average 4-year new car loan rate reversed to 4.37 percent and the average 5-year new car rate is now 4.47 percent.
On used cars, the average 3-year loan rate sank to 5.13 percent while the average 4-year loan plunged to 5.15 percent.
Car loan rates have been on the downswing in markets around the country, but borrowers should set their sights lower - as in lower rates. Although the average new car loan rate is in the 4's and the average used car rate is in the 5's, borrowers with good credit and money for a down payment can find rates below 3 percent - for both new and used car loans.
You can shop around to find those ultra-low car loan rates in your area by visiting the free search engine at Bankrate.com.
I'm Greg McBride.
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.
Benefits start at age 62 through 70. Do you collect it right away or hold off as long as you can?
Leslie Corcoran, CFP, discusses using immediate annuities for retirement income.
Do you have a life insurance policy for your dependents? Is it enough?
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.
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.