I'm Greg McBride with Bankrate.com and here is your weekly look at auto loan rates.
Rates for both new and used car loans tumbled again, resetting record lows in the process. The average 5-year new car loan rate fell to 4.38 percent. On used car loans, the average 4-year loan rate is now 5.01 percent. The spread between new and used auto loan rates hasn't been this narrow in nearly two years.
Having monthly car payments automatically deducted from your checking account is an easy way to shave an additional quarter percentage point or more off your interest rate with some lenders. No more worries about the due date, getting online to make the payment, or having postage stamps on hand. The lender simply removes the payment on a specific day each month from an account you designate. This is an easy way to save interest costs and eliminate the risk of any late fees.
You can shop around to find those ultra-low car loan rates in your area by visiting the free search engine at Bankrate.com.
I'm Greg McBride.
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.
A little research could save you BIG on interest.