Auto loan rates for Dec. 6, 2012

Bankrate.com

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Auto Loans

  • 4.24% (60-month, new car)
  • 4.94% (36-month, used car)

Auto rates were down slightly in this week's survey.

The average rates for 60-month new-car loans and 48-month new-car loans each fell 1 basis point to 4.24 percent and 4.15 percent, respectively. A basis point is one-hundredth of 1 percentage point.

Used-car loans were also down. The average rate for a 36-month used-car loan fell 1 basis point to 4.94 percent.

Electronic stability control has saved thousands of lives since it started becoming a standard feature on cars, according to a new study by the National Highway Traffic Safety Administration, or NHTSA. The technology, which uses computer-controlled braking on individual wheels to help the driver maintain control of the car, saved more than 2,200 lives from 2008 to 2010, NHTSA says. The safety feature has been phased in since 2008 and became mandatory on all new passenger vehicles last year.



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