Auto loan rates pulled back still further, reestablishing record lows. The average 4-year new car loan rate fell to 4.32 percent. The 5-year new car rate also dropped to 4.48 percent.
Used car rates were down more modestly, with the average 3-year used car rates dipping to 5.12 percent.
Despite a run of weak economic data, auto sales remain strong with pent up demand meaning drivers are replacing aging vehicles that otherwise would've been traded in a few years ago. Strong auto sales and record low auto loan rates make for a reinforcing cycle.
According to TrueCar.com, May auto sales totaled 1.3 million cars and trucks ... up 26 percent from the same month a year earlier.
If you're in the market for a new or used vehicle - you should start shopping for the best interest rate by visiting Bankrate.com.
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.
Rates on new and used car loans fell this week.
Think your holiday gift list might break your budget? Consider one of these items on sale this month.
Before you take off, land the best deal on your airfare.
Follow these expert tips to save on gift wrapping without breaking the bank.
Bankrate hits the street to find out how consumers feel about Black Friday.
Looking for a fun way to wrap a gift card? Here are a few ideas to add pizzazz to your gift.
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.