Weekly Car Loan Interest Rates 01-13-2012

Written by Brady    Friday, 13 January 2012 14:13

Much like gas prices, car loan interest rates are on the rise to start 2012. This week experienced one of the highest week over week increase in car loan interest rates that we have seen since we began reporting the rates. The primary categories all experienced an increase of at least .27%. The usually stead 72 month new car loan category went up by .11%.

Car Loan Type Today's Rate Last Week's Rate Change
36 Month New Car Loan 4.04% 3.77% +.27%
48 Month New Car Loan 4.19% 3.89% +.30%
60 Month New Car Loan 4.38% 4.06% +.32%
72 Month New Car Loan 3.31% 3.20% +.11%
36 Month Used Car Loan 4.75% 4.48% +.27%
48 Month Used Car Loan 4.59% 4.29% +.30%
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
Juneau, AK 2.49% 3.32%
San Diego, CA 5.41% 6.07%
Bend, OR 5.37% 3.32%
Source: bankrate.com - based on available local offers


Calculate your car payments using our online car loan calculator.