I'm Greg McBride with Bankrate.com and here is your weekly look at auto loan rates.
Auto sales keep picking up and auto loan rates continue to drive lower. The average 5-year new car loan rate is down to 4.37 percent and the average 4-year used car rate moved below the 5 percent mark for the first time ever, to 4.98 percent.
The most competitive rates, however, are below 3 percent – for both new and used car loans. Even in this low rate environment, some lenders can still charge rates north of 7 or 8 percent, so be sure to seek out your best options before you go to the dealership.
You can shop around to find the most competitive 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.
Leslie Corcoran, CFP, discusses using immediate annuities for retirement income.
Do you have a life insurance policy for your dependents? Is it enough?
Have fallen gas prices given Americans a reason to increase their discretionary income?
Not all items at dollar stores are good deals. But here are five finds that can be bargains.
You've still got plenty of time. Take advantage of tax-favorable vehicles such as a 401(k) plan and IRA.
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.