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.
Wondering if you really need that repair on your car? Cruise the Web to find the answer.
New-car loan rates inched lower.
Auto loan rates crept lower this week.
Looking for a loan for a new car without a long-term financial burden? Try a 36-month new-auto loan.
Auto loan rates were up again this week.
Finding a trusted financial adviser can be well worth the fees in the long run.
Follow these tips to choose from the many different funds to invest in for your 401(k).
Here are some ways to get organic foods you want without breaking your budget.
Food costs eating up your budget? Try growing your own produce.
Planning, clipping and budgeting can save you money on your food 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.
By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
A little research could save you BIG on interest.