Auto loan rates for Feb. 14, 2013

Claes Bell
February 14, 2013

Interest Rate Roundup

Auto loan rate graph
Auto loan rate graph

Find the best auto rates in your area.

Auto Loans

  • 4.12% (60-month, new car)
  • 4.71% (36-month, used car)

Auto loan rates stayed flat for the second straight week in Bankrate's survey.

Average rates for 60-month and 48-month new-car loans cruised along at 4.12 percent and 4.04 percent, respectively.

For used cars, the average rate on a 36-month loan stayed parked at 4.71 percent.

New-car prices are set to rise substantially over the next decade, thanks to new government fuel-efficiency standards, according to a report by the Detroit Free Press. By 2025, the Environmental Protection Agency estimates that the average price of a new car will have risen by $2,600 over 2011 prices. However, that price will buy a car that achieves 40 miles per gallon fuel economy on average, up from 20 mpg in 2010.

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