Weekly Car Loan Interest Rates 01-20-2012

Written by Brady    Friday, January 20 2012

Yesterday saw another record low in world of home loans. The same is not true for car loans. New car loans did drop this week after a large jump last week. They dropped by about half the amount of the increase experienced last week. However used car loans continued to climb. Used car loans are around the highest they have been in many months.

Car Loan Type Today's Rate Last Week's Rate Change
36 Month New Car Loan 3.91% 4.04% -.13%
48 Month New Car Loan 4.04% 4.19% -.15%
60 Month New Car Loan 4.20% 4.38% -.12%
72 Month New Car Loan 3.31% 3.31% 0.0%
36 Month Used Car Loan 4.84% 4.75% +.09%
48 Month Used Car Loan 4.76% 4.59% +.17%
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
Little Rock, AR 3.87% 4.65%
Boise, ID 4.53% 4.65%
Lake Charles, LA 4.58% 4.65%
Source: bankrate.com - based on available local offers


Calculate your car payments using our online car loan calculator.