Weekly Car Loan Interest Rates 02-17-2012

Written by Brady    Friday, 17 February 2012 15:28

After a nice drop last week, new car loan interest rates went back up again this week. The 4 new car categories increased between .39% and .45%. Used car loans remained about the same with modest drops.

Car Loan Type Today's Rate Last Week's Rate Change
36 Month New Car Loan 3.89% 3.50% +.39%
48 Month New Car Loan 4.03% 3.62% +.41%
60 Month New Car Loan 4.22% 3.78% +.44%
72 Month New Car Loan 3.31% 2.88% +.45%
36 Month Used Car Loan 4.88% 4.87% -.01%
48 Month Used Car Loan 4.78% 4.80% -.02%
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
Cedar Rapids, IA 3.39% 3.32%
Portland, ME 4.08% 3.32%
Provo, UT 5.23% 3.32%
Source: bankrate.com - based on available local offers


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