Weekly Car Loan Interest Rates 02-10-2012

Written by Brady    Friday, 10 February 2012 15:02

New car rates dropped even further this week. The biggest surprise was the 72 Month Car Loan which is normally steady. It dropped by .43% to a very low 2.88%. 48 month new car loan was the only category that increased. The increase made sense as it climbed closer to the 36 month new car loan interest rate.

Car Loan Type Today's Rate Last Week's Rate Change
36 Month New Car Loan 3.50% 3.53% -.03%
48 Month New Car Loan 3.62% 3.63% -.01%
60 Month New Car Loan 3.78% 3.78% 0.0%
72 Month New Car Loan 2.88% 3.31% -.43%
36 Month Used Car Loan 4.87% 4.87% 0.0%
48 Month Used Car Loan 4.80% 4.24% +.56%
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
Roanoke, VA 4.37% 4.03%
Spokane, WA 3.00% 3.59%
Cheyenne, WY 3.55% 4.03%
Source: bankrate.com - based on available local offers


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