Author Archive
Posted in October 3rd, 2011
National car loan rates moved just marginally lower this week. The average rate for both new car loans and used car loans slid down by one basis point or 1/100th of a percent week over week. The national average rate for new car loans, covering 36 month term car loans through 60 month term loans, [...]
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Posted in September 30th, 2011
Car loan rates from the nation’s top auto lenders were stuck in the neural this week. The average rate for new car loans was unchanged while the average rate for used car loans dipped just modestly. Car loan refinance rates were also little changed week over week. Based on the current auto loan rate survey [...]
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Posted in August 26th, 2011
Car loan rates reversed direction this week and declined modestly after having increased in the previous week. Interest rates reversed direction for a number of lending products, not just auto loans. For the week ending July 8, 2011 most bank rates headed south including mortgage rates, new auto loan rates, used auto loan rates and [...]
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Posted in July 17th, 2011
Auto loan rates increased modestly for the week ending July 1, 2011. During the last week of June, bank rates increased almost across the board from auto loans rates to mortgage rates. As an example of the interest rate movements during the week, from the closing price on June 24th to July 1st, the Treasury [...]
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Posted in June 12th, 2011
Auto loan rates were mostly unchanged for the week ending June 10th, 2011. Overall, bank rates and U.S. Treasury rates were little changed on the week. A one year Treasury rate increased by one basis point or 1/100th of a percent and the 10 year Treasury was unchanged at 2.99 percent. The long slide in [...]
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Posted in February 9th, 2011
Car loan rates moved moderately higher for the week ending February 4, 2011. The average national car loan rate based on the weekly car loan rate survey performed by Selectautorates.com was 4.11 percent, up slightly from the previous week’s average car loan rate of 4.09 percent. The national average car loan rate is a composite [...]
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Posted in January 19th, 2011
Car loan rates were fractionally lower for the week ending December 31, 2010. This is second consecutive week of modestly reduced rates for auto loans. The current national car loan rate dipped four basis points or 4/100’s of percent on the week. The average national car loan rate as measured by the Selectautorates.com weekly survey [...]
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Posted in January 3rd, 2011
Auto loan rates moved marginally lower for the week ending December 27, 2010. As most bank lending rates were heading higher in the past few weeks, most notably mortgage rates, auto loan rates managed to come down for most all auto loan terms on both used and new cars. Low car loan rates have continued [...]
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Posted in November 1st, 2010
Auto loan rates held steady for the week ending October 29, 2010. New car loan purchase rates, used car loan rates as well as car loan refinance rates stayed within a very narrow range for the week. As bank cost of funds dropped throughout 2010, car loan rates have slowly followed suit. Now that bank [...]
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Posted in March 13th, 2010
Chase bank provides a variety of auto finance options. Chase auto loans are available to purchase, new and used cars as well as small trucks, SUVs and mini-vans. Used car loans can be made for vehicles that are not more than five years older than current model year and can not have more than 75,000 [...]
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