web statistics
Loan Type
Location by:   
  
 
Lender
Rate
Updated
Fees & Conditions
Chase Bank
48 Mo New Car
3.64%
04/25/2017
No fee 
U.S. Bank
48 Mo New Car
3.93%
04/25/2017
Additional .50% disc available w/auto debit; $75 fee 
Bank of the West
48 Mo New Car
4.74%
04/25/2017
Additional .25% disc available w/auto debit; $50 fee 

Data Provided by Bankrate.com If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you, please click here.
These rates are updated weekly. For criteria used in surveys of rates above, click here. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site, where you can find additional information. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Bankrate.com rates banks, thrifts and credit unions through proprietary Safe & Sound star rating system. Rates are subject to change without notice and may vary from branch to branch.



Auto Loan Rates This Week: Average Rates Mixed, 3 Year Loans for New Autos Lower and 4 Year Loans Higher

Average auto loan rates was mixed this week compared to last week. Interest rates on mortgages and auto loans have been heading higher as rates have increased. Since the economy is recovering and hiring as picked up we will see higher auto loan rates in 2011 as the Fed raises the Fed funds rate and banks raise rates. 

The average 3 year rate on new auto loans is 5.07 percent this week, up from last week’s average rate of 5.05percent for 3 year new auto loans. Right now on our 3 year rate tables PenFed is offering rates at 2.99 percent. Which is considerably lower than the national average rate.

4 year loans for new autos was higher this week compared to last week. The average 4 year loan rate is 5.18 percent, up from last week when 4 year new auto loans average 5.16 percent.

5 year new auto loans rates are also higher this week. The current average rate on 5 year loans is 5.29 percent, up from last week’s average rate of 5.28 percent.

4 year used auto loan rates are lower this week compared to last week. 4 year used auto loan rates are averaging 5.51 percent, down from last week’s average rate of 5.54 percent on 4 year loans for used autos.

Rates on Auto Loans This Week

  • 3 Year New Auto Loan Rates 5.07%
  • 4 year New Auto Loan 5.18%
  • New Auto Loan – 5 Year 5.28%
  • Used Auto Loan – 4 Year 5.54%

Website owners, display average auto loan rates on your website by using our free auto loan rates widgets: Auto Loan Rates Wide Widget or Auto Loan Rates Narrow Widget

 
Author: Lisa Graham
January 8th, 2011

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