Auto loan rates for Oct. 10, 2013

Janna Herron
October 10, 2013

Interest Rate Roundup

Auto loan rate graph
Auto loan rate graph

Find the best auto rates in your area.

Auto Loans

  • 4.08% (60-month, new car)
  • 4.55% (36-month, used car)

Rates on new- and used-car loans spiked this week, according to Bankrate's latest survey of interest rates.

For a 60-month new-car loan, the average rate rose 7 basis points to 4.08 percent from 4.01 percent. The average rate on a 48-month new-car loan jumped 8 basis points to 3.98 percent from 3.9 percent. A basis point is one-hundredth of 1 percentage point.

For used cars, the average rate on a 36-month auto loan increased 8 basis points to 4.55 percent from 4.47 percent.

See all auto loan rates content


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