Auto loan rates for July 3, 2014

Bankrate.com

Interest Rate Roundup
Find the best auto rates in your area.

Auto Loans

  • 4.14% (60-month, new car)
  • 4.7% (36-month, used car)

Rates on auto loans saw small changes this week, according to Bankrate's latest survey of interest rates.

The average rate for a 60-month new car loan inched up 1 basis point to 4.14 percent. Average rates for 36-month and 48-month new car loans also increased 1 basis point, to 4.04 percent and 4.06, respectively. A basis point is one-hundredth of 1 percent.

Used car loans also saw minor increases. The average rate for a 36-month used car loan rose 1 basis point to 4.7 percent, and the average 48-month used car loan increased 1 basis point to 4.78 percent.



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