Interest Rate Roundup
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Auto Loans
- 4.12% (60-month, new car)
- 4.7% (36-month, used car)
Auto loan rates were flat this week in Bankrate's national survey.
Average rates for 60-month and 48-month new-car loans were flat at 4.12 percent and 4.04 percent, respectively.
Rates on used-car loans were unchanged as well, with the average rate on a 36-month used-car loan cruising at 4.7 percent.
Sales of diesel cars rose 25 percent last year, but that may soon change thanks to gasoline-powered cars closing the fuel-efficiency gap with diesel cars, according to a report by The Detroit News. The premium you'll pay for a diesel car is around $5,000, compared to $1,500 for a lightly "hybridized" car, according to the report.
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