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.
New car loan rates fell 1 basis point each.
Used car loan rates keep getting better.
Both new and used car loan rates shifted lower this week.
Rates on auto loans were mixed this week.
It pays to pick a vehicle that holds its resale value. Jean Chatzky tells us how to find one.
How did consumers respond when asked about job security, savings, net worth, and debt?
Comparison shopping will help you know deals from duds at a dollar store.
Looking to save money? Here are eight easy ways to save $5,000 in one year.
Mortgage rates jumped this week.
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. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.
Driving a glow-in-the-dark car on a highway that glows (instead of using street lights) may sound like a tall tale for this April Fool's Day, but it is no joke.
... Read more