National auto loan rates for July 14, 2011

Interest Rate Roundup

Auto loan rate graph

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Auto Loans

  • 5.48% (60-month, new car)
  • 6.4% (36-month, used car)

Auto loan rates in our weekly survey were down across the board this week. The average rate for a 48-month new-car loan fell 1 basis point, to 5.45 percent. The average rate for a 60-month new-car loan also fell, dropping 2 basis points to 5.48 percent.

Used-car loan rates were also lower. The average rate for a 36-month used-car loan slid 2 basis points, to 6.4 percent.

This week, Chrysler recalled 243,000 Ram pickup trucks over a “loss of directional stability in the left-hand front wheel, increasing the risk of a crash.” The trucks’ loss of stability is connected to a faulty tie-rod assembly that can fail during low-speed parking. Owners will eventually be able to take their trucks in to a dealer for a free inspection and a tie-rod replacement as needed. For more information, owners can call the Department of Transportation’s vehicle safety hotline at (888) 327-4236, or go to

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