Current auto loan rates can vary greately between different banks and credit unions. Pentagon Federal Credit Union tops our list of the best auto loan rates. PenFed’s current auto loan rate is only 3.99 percent.

Here is a list of the auto loan rates in the state of California using the auto loan rate tables on MonitorBankRates.com. This list of rates was based on a 4-year new auto loan in the amount of $30,000.

PenFed 3.990% 
LA FCU 3.875%
Bank of America 4.200%
LA Firemen’s CU 4.490%  
ChevronTexaco FCU 4.590%   
Contra Costa FCU 4.750%
Patelco CU 4.750%  
Golden 1 CU 4.990%

South Western FCU 5.000%
Safe CU 5.000%  
First Bank 5.750%  
California Credit Union 5.990%  
nuVision Financial CU 6.000%  
Bank of the West 6.240%  
Westamerica Bank 6.540%  
California Bank & Trust 6.900%  
Guaranty Bank 6.990%  
Pacific Service CU 7.790%  
HSBC 8.990%

You can use our auto loan rate tables to search for the best auto loan rates in your state. In addtion to 4-year new auto loans we have rate tables for 3-year new auto loans and 5-year new auto loans. We also have an auto loan rates for 4-year used auto loans.

Chase Bank is advertising some of the best auto loan rates available today for new car purchases and used car purchases directly from dealers. Chase Bank also offers auto refinance loans.

If you’re a current Chase checking account holder or savings account holder, you can get .50 percent of the current advertised auto loan rate. There is a loan origination fee of $75.

We did a search for auto loans in St. Paul, Minnesota on Chase Bank’s website and were quoted car loan rates for 48 months, 60 months and 72 months. Naturally, the used car loan rates were higher than the new car loan rates but not substantially higher.

New Auto Loan Rates

• 48 months new auto loan APR - 4.86%
• 60 months new auto loan APR - 4.97%
• 72 months new auto loan APR - 5.90%

Used Auto Loan Rates

• 48 months used auto loan APR - 4.91%
• 60 months used auto loan APR - 5.02%
• 72 months used auto loan APR - 6.00%

Refinance Auto Loan

• 48 months refinance APR - 4.86%
• 60 months refinance APR - 4.97%
• 72 months refinance APR - 5.90%

You can earn the .25% discount off the rate when you select an automatic payment from a Chase checking or savings account. This discount will apply as long as you have enough funds in your account. If a payment isn’t made because of insufficient funds, the .25 discount will no longer apply.

Another discount of .25% is offered to all Chase Premier Checking or Chase Premier Platinum Checking account holders.

Chase Bank also offers an auto loan calculator and other various tools to help you figure out the monthly loan payments and find out which loan best suits you.

Chase Bank Auto Loan Rates

Auto loan rates have been on a decline since the beginning of the year, unlike late in 2008 when the credit crisis was in full swing and the average auto loan rate was increasing.

Commercial banks’ 48 month new auto loans were averaging 7.06 percent in the fourth quarter of 2008, up from the third quarter loan rate of 6.92 percent.

Auto finance companies’ new auto loans averaged 7.09 percent in the fourth quarter of 2008, up considerably from the third quarter 2008 average of 4.87 percent.

The third quarter of 2009 saw auto bank rates decline to 6.61 percent for auto loans issued by commercial banks,  the third straight quarter of declines. New car loans issued by auto finance companies declined even more, the average car loan rate was 3.66 percent in the third quarter of 2009.

What is surprising about the Federal Reserve’s Consumer Credit Report on auto loans is the average loan-to-value ratio has remained high during the entire recession.

The average LTV ratio in the third quarter of 2009 was 90 percent, up from the third quarter of 2008 when the average LTV was 89 percent. The average amount financed has also increased from $26,643 in the third quarter of 2008 to $27,884 in the third quarter of 2009.

Capital One Bank, the banking arm of the credit card company Capital One, is offering some very competitive auto loan rates.

The bank is advertising auto loan rates of 3.95% APR for a 36 month auto loan for a new auto purchase, which is one of the lowest auto loan rates advertised these days.

48 month auto loans and 60 month auto loan rates are higher, the current advertised APR is 4.25% for both loans. The actual interest rate you receive can be higher than their advertised rate and depends on your credit score.

Capital One Bank is also advertising used auto loan rates as low as 4.45% APR for a 36 month used auto loan. Interest rates for 48 month car loans and 60 month car loans are 4.90 percent.

If you already have an auto loan, you might be able to get a better rate by refinancing your loan with Capital One - they are currently advertising a refinance auto loan rate of 4.75% for 36 month loans. The bank claims you can save on average $1084 over the life of a loan. The also say they have a simple and no hassle auto refinance process.

Capital One Auto Loan Rates

MonitorBankRates.com has just released new car loan rate tables that you can use to find the best car loan rates available.

The rate tables include new car loan rates and used car loan rates. Auto loan rate tables include 36 months car loan rates, 60 month, and 48 month car loan rates as well 48 months used car loan rates.

The auto loan rates include rates from both banks and credit unions. On a new $40,000 car, a 60 month car loan in the state of California, we were given rates from about twenty banks and credit unions. The best rate was 3.99 percent from Pentagon Federal Credit Union (PenFed).

The rate tables also include loan points and how much the monthly payment would be on the loan amount entered. Give the auto loan rate tables a try to find the best rates in your state.

Car Loan Rate Tables