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.