auto

Auto rates for July 3, 2013

 

I'm Doug Whiteman with your weekly look at auto rates. Auto loan rates fell in this week's survey. For a 60-month new-car loan, the average rate is 4.08 percent, down 3 basis points from last week. The average rate on a 48-month new-car loan is also down 3 points, to 4 percent.

For used cars, the average rate on a 36-month loan is down 4 basis points to 4.66 percent.

Not confident in your haggling skills or just want to avoid high-pressure sales tactics at a car lot? More and more people are turning to car-buying services such as CarsDirect, TrueCar or those available through some credit unions. Not only can you shop from the comfort of your own home, you avoid haggling, leaving it to professionals to negotiate the best price for your next car. Keep in mind that you're still shopping through dealerships, since no automakers sell directly from the factory. Even better, you can shop for financing and find the best rates in your area with just a few clicks right here at Bankrate.com.

For Bankrate.com, I'm Doug Whiteman.

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