59 minutes ago
Here is a look at the national auto loan interest rates* for the week of 7/6/15 through 7/13/15. Rates seem to see Auto Lenders looking to push buyers to New autos as Used auto rates are higher than normal. Look for this trend to continue. New Autos may be the way to go as Summer continues.
1 week ago
Here is a look at the national auto loan interest rates* for the week of 6/29/15 through 7/6/15. Rates have risen this week after a slight fall last week. Lenders seem to be watching to see if the Federal Interest Rates rise. Definitely something to watch for over the next few weeks for sure.
2 weeks ago
Here is a look at the national auto loan interest rates* for the week of 6/22/15 through 6/28/15. Rates have fallen this week after three straight weeks of rising. Banks seem to be reacting to a slow start to auto buying season. Shouldn't look to see rates this low for long. This will be temporary for sure. Jump on them now.
2 weeks ago
Here is a look at the national auto loan interest rates* for the week of 6/15/15 through 6/22/15. Rates have risen for the third week in a row, this shows banks are starting to see an increase in amount of loans as we come into car buying season. Now is the time to buy as an increase by the end of the week is very possible.
3 weeks ago
The principal on a car loan is the actual amount of money that you borrowed from the lender. It does not include the interest or any other charges, it is simply the amount of money the lender gave to you to purchase the car plus any other options you may have rolled into the loan. For example, if you take out a car loan for $10,000 and you purchase other options for $500, the $10,500 is your principal and the interest is the amount of money you will pay the lender for the right to take out the loan.