Auto loan rates for Feb. 7, 2013

Bankrate.com

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Auto Loans

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

Auto loan rates took a breather this week after falling to their lowest rate in Bankrate's survey last week.

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

For used cars, the average rate on a 36-month loan also held steady at 4.71 percent.

Japanese cars may be getting cheaper for U.S. buyers. The Japanese yen has fallen to its lowest level against the dollar in two years, according to a report by The Detroit News. The yen's fall is being attributed to expectations that the country's new Prime Minister Shinzo Abe will push for currency easing by Japan's central bank.



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