- 4.17% (60-month, new car)
- 4.89% (36-month, used car)
Auto loan rates are unchanged this week.
For a 60-month new-car loan, the average rate is 4.17 percent for the second week. The average rate on a 48-month new-car loan is 4.09 percent.
For used cars, the average rate on a 36-month loan is 4.89 percent.
New Year's Eve is next week, and the warnings against drinking and driving have been issued. According to AAA, New Year's Day consistently ranks as the worst day for alcohol-related fatalities. The motor club suggests that party-goers designate a driver before heading out for the evening and reminds hosts to offer alcohol-free beverages for those who will be driving.
More From Bankrate.com