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.
Auto loan rates inched up this week.
A number of increases in auto loan rates posted this week.
SUVs used to be known as gas guzzlers, but thanks to new technology and crossovers, things have changed.
Auto loan rates were mostly lower this week.
SUVs used to be plagued by safety concerns, but things have certainly changed.
Landing a job in today's economy is hard. Follow these tips to help secure your dream job.
Follow this 6-month homeowner countdown so you are ready come closing day.
The 30-year fixed-rate mortgage rose 11 basis points.
Shopping for insurance? Follow these tips from top experts in the insurance field.
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.