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Auto rates for Nov. 21, 2013

 

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

The momentum was definitely to the upside, with a number of increases in auto loan rates posted this week. But it's only enough to bring rates to the highest levels of the month. The average five-year new-car loan rate is now 4.03 percent. On used cars, the average four-year rate is 4.49 percent.

Auto loan rates are still at super-low levels, making the financing very affordable for the would-be car-buyers who have postponed purchases over the past few years.

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

I’m Greg McBride.

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