- 4.08% (60-month, new car)
- 4.68% (36-month, used car)
Auto loan rates were mixed this week in Bankrate's national survey.
Average rates for 60-month and 48-month new-car loans each drifted down 1 basis point, to 4.08 percent and 4 percent, respectively. A basis point is one-hundredth of 1 percentage point.
However, rates on used-car loans stayed put, with the average rate on a 36-month used-car loan holding steady at 4.68 percent.
Plan on buying a new car soon, or like to get your service done at a dealership? Your experience might be better if you drive a luxury car. J.D. Power & Associates released the results of its annual U.S. Customer Service Index Study this week, and Lexus topped the ranking, followed by Cadillac and Jaguar in second and third. Overall, customer satisfaction with dealers rose 10 points on J.D. Power's 1,000-point scale to 797.
Source: http://www.bankrate.com/finance/auto/rate-roundup.aspx
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