Auto loan rates for June 13, 2013

Claes Bell
June 13, 2013

Interest Rate Roundup

Auto loan rate graph
Auto loan rate graph

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Auto Loans

  • 4.1% (60-month, new car)
  • 4.69% (36-month, used car)

Auto loan rates were mixed this week in Bankrate's national survey.

The average rates for 60-month new-car loans and 48-month new-car loans were both unchanged at 4.1 percent and 4.02 percent, respectively.

Rates on used-car loans were also flat, with the average rate on a 36-month used-car loan staying at 4.69 percent.

The AAA this week called for automakers to reconsider increasing the number of electronic entertainment and communication features they're building into cars, even those that are voice-operated. AAA president and CEO Robert L. Darbelnet said the technologies could cause a "looming public safety crisis" because, while they are hands-free, they still cause mental distractions that could lead to accidents.

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