Weekly Car Loan Interest Rates 01-06-2012

Written by Administrator    Friday, 06 January 2012 17:17

2012 started off with very low car loan interest rates. This week show mixed changes but very small adjustments made. New Car Loans saw a very small increase in interest rate. Used car loans dropped by .01%. Rates are still historically low and should remain that way at least through the 1st quarter of 2012.

Car Loan Type Today's Rate Last Week's Rate Change
36 Month New Car Loan 3.77% 3.75% +.02%
48 Month New Car Loan 3.89% 3.86% +.03%
60 Month New Car Loan 4.06% 4.04% +.02%
72 Month New Car Loan 3.20% 3.20% -
36 Month Used Car Loan 4.48% 4.47% -.01%
48 Month Used Car Loan 4.29% 4.30% -.01%
Source: bankrate.com


Here is a look at the average local rates for random cities using the most common car loan rate lengths. Rates typically vary based on region. Interest rates are based on available local offers.

City 60 Month New Car Loan 48 Month Used Car Loan
Birmingham, AL 5.74% 4.65%
Hartford, CT 6.16% 4.65%
Santa Fe, NM 7.76% 4.65%
Source: bankrate.com - based on available local offers


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