I'm Doug Whiteman with your weekly look at auto loan rates. Auto loan rates were mostly lower this week in Bankrate's national survey. The average rate for a five-year new-car loan slipped 2 basis points to 4.1 percent, and the four-year new-car loan gave up 1 basis point to 4.03 percent. A basis point is one-hundredth of 1 percentage point.
Rates on used-car loans were lower as well, with the average rate on a three-year used-car loan going down to 4.71 percent.
A consumer group is pushing for Chrysler and its parent company, Fiat, to recall about 5 million Jeep Grand Cherokees produced from 1993 to 2004. In a letter to Fiat's chairman, the Center for Auto Safety claimed the sport utility vehicles are prone to catching fire after rear-end collisions. The New York Times reported that the group says fires since 2006 have killed three children. Fiat issued a statement saying the SUVs are not defective and that their fuel systems do not pose an unreasonable risk in rear-end crashes.
To shop around for the best rates on your next vehicle, use the free search engine at Bankrate.com. I'm Doug Whiteman.
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.
With the changing retirement landscape, do you ask yourself if you'll ever get to retire?
Craft a resume that makes you shine and opens the door to your next job.
Follow these travel tips to avoid extinguishing your holiday cheer.
When building your investment portfolio, you need to weigh the risk and the return.
Changing your habits can save you money on your utility bill.
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.