Rates Blog

Finance Blogs » Rates Blog » 60-month auto loan rates in Detroit, Michigan

60-month auto loan rates in Detroit, Michigan

By Mitch Strohm · Bankrate.com
Monday, February 7, 2011
Posted: 3 pm ET

Auto loan rates in Detroit, MI, and throughout the nation have dropped again this week. The average 60-month auto loan rates fell to 5.41 percent this week from 5.45 percent. Auto loan rates have been low across the country and are still falling, making it an ideal time for those in the market.

It's crucial to shop around when looking for a loan to find the best deal. Make sure to check your local credit union, bank and online. Search for auto loan rates in Detroit, MI, or in your area of Michigan.

Auto loan rates in Detroit, Michigan

Here are the auto loan rates in Detroit, MI, as of 12:00 p.m. The 60-month new car loan rates vary from 2.49 percent to 7.5 percent.

Lenders Product Rates
PNC Bank, NA 60-month new car 3.5%
Chase Bank 60-month new car 3.59%
Fifth Third Bank 60-month new car 3.17%
First Place Bank 60-month new car 7.5%
Pentagon Federal Credit Union 60-month new car 2.49%

Use our auto loan calculator to check your monthly car payment.

Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are 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.