I'm Greg McBride, senior financial analyst with Bankrate.com, and here is your weekly look at auto loan rates.
After remaining parked for the last four weeks, rates on used-car loans lurched higher this week. The average three-year used-car rate increased to 4.72 percent, and the average four-year used-car rate climbed to 4.54 percent. Both of these are four-month highs.
New-car loan rates were unchanged, with the average four-year new-car rate holding at 4.04 percent and the five-year new-car rate at 4.12 percent for the third week in a row.
For more information on auto loans and to find the best car loan rates in your area, check out the free search engine at Bankrate.com.
I'm Greg McBride.