Auto rates for July 18, 2013


I'm Greg McBride, senior financial analyst with, and here is your weekly look at auto loan rates.

Rates for new- and used-car loans inched off their record lows this week, but they remain in the same range we've seen them over the past couple of months. The average five-year new-car loan rate is 4.09 percent, and the average four-year used-car rate is 4.48 percent.

For borrowers with good credit, proof of income and money for a down payment, this summer brings about some of the lowest rates ever seen. Attractive financing costs help ease the burden of monthly payments on already tight household budgets.

For more information on auto loans and to find the best car loan rates in your area, check out the free search engine at

I'm Greg McBride.


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