Friday, September 5, 2008, 1:32AM ET - U.S. Markets open in 7 hours and 58 minutes.
If you're starting to sense desperation in the new car market, you're not entirely off the mark. Even the most optimistic sales forecasts expect 2008 new car deliveries to fall to a level not seen since the early 1990s.
The result for consumers is stepped-up programs of rebates, cut-rate financing and factory-to-dealer incentives designed to move the metal off dealer lots as the spring and summer buying season approaches.
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More than 150 models now can be bought with some measure of low financing, rebates or dealer incentives. And this doesn't include the numerous low-payment lease offers that are cropping up.
The result for consumers is stepped-up programs of rebates, cut-rate financing and factory-to-dealer incentives designed to move the metal off dealer lots as the spring and summer buying season approaches.
Top 10 New-Car Discounts
More than 150 models now can be bought with some measure of low financing, rebates or dealer incentives. And this doesn't include the numerous low-payment lease offers that are cropping up.
See today's average rates across the country.
| Loan Type | Today | Last Week |
|---|---|---|
| 30 Year Fixed | 6.14% | 6.26% |
| 15 Year Fixed | 5.67% | 5.77% |
| 1 Year ARM | 6.02% | 5.92% |
| 30 Year Fixed Jumbo | 7.26% | 7.36% |
| 5/1 ARM | 5.81% | 5.91% |
| 3/1 ARM | 5.72% | 5.70% |
| Loan Type | Today | Last Week |
|---|---|---|
| $30K Home Equity Loan | 7.59% | 7.63% |
| $50K Home Equity Loan | 7.19% | 7.25% |
| $75K Home Equity Loan | 7.20% | 7.26% |
| $30K HELOC | 5.15% | 5.17% |
| $50K HELOC | 4.77% | 4.80% |
| $75K HELOC | 4.77% | 4.81% |
| Loan Type | Today | Last Week |
|---|---|---|
| 36 Month New Car Loan | 6.72% | 6.72% |
| 48 Month New Car Loan | 6.51% | 6.50% |
| 60 Month New Car Loan | 6.52% | 6.51% |
| 72 Month New Car Loan | 6.44% | 6.44% |
| 36 Month Used Car Loan | 7.08% | 7.08% |
| 48 Month Used Car Loan | 6.81% | 6.80% |
| Card Type | Today | Last Week |
|---|---|---|
| Balance Transfer | 10.31% | 10.03% |
| Low Interest | 11.01% | 10.97% |
| For Bad Credit | 13.02% | 13.12% |
| Cash Back | 11.47% | 11.46% |
| Business | 11.10% | 10.91% |
| Airline | 12.75% | 12.69% |