Weekly Car Loan Interest Rates 01-27-2012

Written by Brady    Friday, 27 January 2012 17:07

Interest rates went up in all categories except for 72 month new car loans which remained unchanged. This is the 2nd week in a row that used car loan rates increased. The overall rate average is the highest it has been in months.

Car Loan Type Today's Rate Last Week's Rate Change
36 Month New Car Loan 3.92% 3.91% +.01%
48 Month New Car Loan 4.05% 4.04% +.01%
60 Month New Car Loan 4.21% 4.20% +.01%
72 Month New Car Loan 3.31% 3.31% 0.0%
36 Month Used Car Loan 4.87% 4.84% +.03%
48 Month Used Car Loan 4.81% 4.76% +.05%
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
Gary, IN 3.98% 5.08%
Cumberland, MD 3.65% 4.27%
Rapid City, SD 3.07% 4.65%
Source: bankrate.com - based on available local offers


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