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It's vital to have a reliable car in the heat of Arizona. If you're skittish about driving that old car, it may be time for a new one. The economy may be a bit shaky, but auto loan rates in Phoenix, AZ, are still fairly low. Arizona has a variety of lenders offering better-than-average rates.
Purchasing a new vehicle can be somewhat daunting, but be patient and shop around before settling on auto loan rates in Phoenix, AZ. In the most recent Bankrate.com weekly survey, the average 60-month new-car loan fell to 5.61 percent. The significant change in rates can mostly be attributed to how some rates are quoted to Bankrate.
Auto loan rates in Phoenix, AZ
Here are the auto loan rates as of 2 p.m. Friday in Phoenix, AZ. The 60-month new-car loan rates vary from 2.99 percent to 11.29 percent.
| Lenders | Product | Rates |
| Bank of America | 60-mo. new car | 2.99% |
| Chase Bank | 60-mo. new car | 4.44% |
| Wells Fargo Bank | 60-mo. new car | 11.29% |
| Mutual of Omaha Bank | 60-mo. new car | 5.79% |
Use Bankrate's auto loan calculator to check what your monthly car payment could be.
