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Auto loan rates for Sept. 27, 2012

Claes Bell

Interest Rate Roundup

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Auto Loans

  • 4.37% (60-month, new car)
  • 5.01% (36-month, used car)

Auto loan rates were flat again this week.

The average rates for 60-month and 48-month new-car loans stayed put at 4.37 percent and 4.23 percent, respectively.

Used-car loans also were unchanged. The average rate for a 36-month used-car loan remained at 5.01 percent.

This week, California Gov. Jerry Brown signed a law that will eventually allow self-driving cars to operate on the state's roads, according to a report by The Associated Press. The development of autonomous cars, along with the law, are being driven by Web search giant Google, which has driven its fleet of experimental vehicles more than 300,000 miles in testing. The technology could eventually allow elderly, disabled and even intoxicated people to get from place to place safely in their vehicles, Google says.

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