Auto rates for Dec. 15, 2011



I'm Kristin Arnold with and here is your weekly look at auto loan rates.

New car loan rates fell to record lows this week. The average 4-year new car loan rate dropped to 5.27 percent and the average 5-year new car loan rate is now 5.30 percent.

Used car loans were on the move too. The average 4-year used car loan rate retreated to 6.19 percent.

Yes, those rates are low but even lower rates exist for borrowers with good credit and money for a down payment that are willing to shop around. Rates below 3 percent can be found on both new and used car loans by shopping around. Some of the best rates are at the large regional and national banks, but don't limit yourself. Be sure to compare credit unions and online lenders too.

For more information on auto loan rates, and to see the lowest car loan rates in your area, visit

I'm Kristin Arnold.



Show Bankrate's community sharing policy
          Connect with us

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

Partner Center


Tara Baukus Mello

Major air bag recall expanded again

The Takata air bag recall has expanded with 2.3 million more cars recalled, bringing the total recalls to more than 26 million vehicles.  ... Read more

Connect with us