The average car loan rate from the top ten auto lenders on a 60 month term car loan ended the week lower by two basis points or 2/100 of a percent.  The average rate on a new car loan with a 60 month term closed the week at 4.45%.

The average rate for the 48 month auto loan was down by two basis points as well, which pushed the average rate down to 4.33% from 4.35% in the previous week.

The average rate from the top ten auto lenders for a 36 month car loan fell by just one basis point or 1/100 of a percent for the week.  The average rate on a new car loan with a 36 month term ended the week at 4.18%.

For used car loans, the 60 month term used car loan rate from 4.78% to 4.76% from the previous week.  The 48 month used car loan rate was down by equal amount, dropping to 4.68% from the prior week’s average rate of 4.70%.  The short term 36 month used car loan rate came down to 4.54% from the previous week’s rate of 4.55%.

Car loan refinance rates were down for both of the loans terms surveyed by selectautorates.com, the 48 month term loan and the 36 month term loans.  The rate for an auto loan refinance on a 48 month terms closed the week with an average rate of 4.63% while the auto refinance rate for a 36 month loan stood at 4.53%.  Both rates were lower by two basis points for the week.

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A new car buyer is better off choosing a car with a car loan that they can comfortably afford over one that stretches the monthly budget to make the payments on.  Any extra savings with a lower payment is better off applied to other resources and if the car loan payment is a burden and runs late this could hurt someone’s credit and make all credit and loans more expensive in the future.

Know your credit history and credit score before considering which cars to look at and the type of car loan to consider.  There is no point in searching for an expensive automobile when your credit rating is already weak.   A poor credit history and poor credit score is going to lead to a higher car loan rate and subsequently larger car loan payments.  For most consumers, a poor credit history is the result of a strained budget.  Buying an expensive car with a high car loan rate and high monthly payments is only going to strain the monthly budget further.

Knowing your credit history and credit score before the car loan search will always help with the shopping and improve the ability to compare the best car loans and car loan rates available. 

Finally, don’t put off the work until the last minute.  Spend time investigating and comparing the best car for your needs an the best car loan for your budget.  Hasty shopping often leads to less than optimal decisions.  This is not a purchase for a new video console or even a flat screen television, car costs are often in excess of $25,000.00 and car loans generally match that figure.  If you spend the time to get the best car loan rate possible, you’ll end up saving yourself a lot of money in the long run.

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Glenview State Bank provides banking services to individuals and businesses.  Along with a variety of traditional bank products and services, the bank offers very competitive auto loan rates in Illinois. 

In addition to offering both new auto loans and used auto loans in Illinois, Glenview State Bank also provides a number of loan options for consumer loans, mortgage loans, and home equity loans and lines of credit.

Current auto loan terms and auto loan rates in Illinois offered by Glenview State Bank include:

For model year 2010 loan terms of 60 months have an auto loan rate of 6.250%.
For 2009 model year cars, the 60 month car loan rate is 7.000%. 
2008 model year cars for 60 months have a loan rate of 7.250%. 
The 2007 model year car loan rate is 7.500% for 54 months. 
For model year 2006 the car loan rate in Illinois is 7.750% for a 48 month term.  
2005 model year cars have a maximum term of 36 months and a car loan rate of 8.000%.

Illinois car loan rates offered by Glenview State Bank are subject to change.  Rates are current as of the date of this publication.  All loans are subject to bank approval and conditions will apply. 

For current auto loan rates and additional loan information, a bank representative from Glenview State Bank can be reached at 847-729-1900.

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Auto loan rates fell for all terms on new car loans this week.  The average rate for 60 month auto loans from the top ten best auto lenders was down rather significantly, according to the weekly auto loan rate survey performed by selectautorates.com, was down to 4.47%.  The 48 month term auto loans for new car purchases dipped down to an average rate of 4.35%.  The short term, 36 month auto loan rate, was down more modestly with an average rate of 4.19%.

Rates for used car loans were down for the week across all terms as well.  The 60 month used car auto loan rate ended the week with an average rate of 4.78%.  The 48 month used car loan rate was at 4.70% while the 36 month term used car loan rate averaged 4.55%.

The average rate for auto loan refinancing followed new and used loan rates and moved lower as well.  The average rate on a 48 month car loan refinance stood at 4.65%.  The average rate on the shorter, 36 month car loan refinance was ten basis points lower at 4.55%.

The selectautorates.com weekly auto loan rate survey reviews the rates of the largest auto lenders to compile the average rates as well as a list of the top ten rates per term and loan type in the accompanying rate tables.  Auto loan rates surveyed are based on the rats offered for the most credit worthy borrowers.  To find updated auto rates for all loan terms, review the enclosed auto rate tables.

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Wayne Savings Bank offers a variety of deposit and savings products as well as lending products.  The bank’s loan products includes mortgage loans, home equity loans, boat loans, RV loans, car loans as well as commercial loans.

Wayne Savings Bank has loans available for both cars and trucks and offers auto financing on both new and used cars.  The bank offers some new vehicle loans with no down payment and as little as 10% down payment on used vehicles.

Current new and used auto loan rates in Ohio and loan terms offered by Wayne Savings Bank include:

New car or truck auto loan with a maximum term of 72 months has an auto loan rate of 6.615%.
New car or truck auto loan with a maximum term of 60 months has an auto loan rate of 5.521%.
A used car loan for a car that is 1-3 years old has an auto loan rate of 6.386% with a maximum term of 60 months.
A used car loan for a car that is 4-7 years old has an auto loan rate of 6.911% with a maximum term of 48 months.
A used car loan for a car that is 8 years old has an auto loan rate of 8.459% with a maximum term of 36 months.

Loan APR’s listed are based on an average loan of $10,000 with a bank processing fee of $125.00.  All of the Ohio car loan rates listed require a bank relationship.  For car loan rates without a relationship account, add 0.25% to the rates listed.

Car loan rates are subject to change, rates current at the time of this publication.  All car loans are subject to bank approval and additional conditions to obtain these loans will apply.

For current auto loans rates and additional loan information, a Wayne Savings Bank representative can be reached at 800-414-1103.

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For consumer in the market for a new car or truck, Think Mutual Bank has some very competitive auto financing options.  Among the different personal loan products available are personal vehicle loans.  Car loans from Think Mutual Bank feature both fixed rate auto loans with fixed payment as well as variable rate auto loan options.

Loan types cover new cars and trucks and used cars and trucks from either a dealer or private party.  Personal loans are also available for watercraft, motorcycles and recreational vehicles.

Loan options with the bank include automatic transfers from an existing Think Bank account.  Recurring loan payments can also be made with the bank’s online bill pay service.

Current car loan rates and terms offered by Think Mutual Bank include the following:

12 month auto loan rate 3.99% APR.
24 months car loan rate is 3.99% APR.
36 month auto loan rate is at 4.09% APR.
48 month car loan rate is at 4.19% APR.
60 month auto loan rate is 4.29% APR.

Car loan rates and terms are subject to change.  All loan terms and rates require bank approval.   

Think Mutual Bank accepts on-line applications for its auto loans.  For current car loans rates and additional loan information a bank representative can be reached at 1-800-288-3425.

When buying a new or used car and shopping for a new car financing, get all of the necessary information upfront before you close on the deal.  Consumers should always investigate the car loan rate, the term of the loan, the total car loan payment and the exact price of the car to be purchased in order to get the best deal and the right car to fit your needs.

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Part of the banking services offered by Wedbush Bank includes a wide range of consumer loan programs. The bank provides customized financing and payment solutions combined with personalized service to help make the lending process convenient and efficient.  Wedbush Bank offers fast approvals and convenient loan terms on loans for everything from a used car to an airplane.

Wedbush Bank approves the auto loan rates in California primarily by the credit score of the borrower.  In most all auto financing, when the purchasers apply for a car loan, the auto lender will pull a credit report where the credit bureau will evaluate the credit profile of the prospective borrowers and assign a score.  This score is used to estimate the borrower’s credit standing and the interest rate and loan terms for the purchase. 

The bank offers both used and new car loans in California that are priced based on the borrower’s credit score. 
New California auto loans are available with terms ranging from 36 to 60 months.
New California car loan rates are include the following terms:
For credit scores between 720-850 the new car loan rate is 4.95%
For credit scores between 690-719 the car loan rate is 6.55%

Used California auto loans are also available from the bank with terms from 36 to 60 months
Used car loans on credit scores of 720-850 have an auto loan rate of 5.75%.
Credit scores of 690-719 have an auto loan rate of 7.35%.

Auto loan rates are subject to change.  Additional conditions will apply to obtain the car loan rates and terms.  All loans subject to bank approval.  For auto loan rates and additional loan information, a Wedbush Bank loan representative can be reached at 866-933-2874.

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In this week’s roundup of interest rates, the average rate on new car loan for a 60 month term stood at 4.57 percent at the close of the week.  The rate on new car loans with a 48 month term had an interest rate of 4.45% at week’s end.  In this low rate environment, the spread between the three year term loans and the 5 year term loans is quite narrow.  The 36 month term car loan is at 4.30%, only 27 basis points or 27/100 of a percent below the 60 month term loan.

Used car loan rates held their ground this past week as well.  The rate on a used car loan with a 60 month term is at 4.89 percent.  The 48 month term used car loan is 4.81%.  The short term, 36 month used car loan rate held at 4.67%.

Refinance rates for auto loans displayed limited movement along with the new and used car loan rates.  The rate on a 48 month car loan refinance is 4.76 percent.  The rate on a car loan refinance with a 36 month term is ten basis points lower at 4.66%.

To find the top ten best auto loan rates for both new and used car purchases or for a refinance of an existing auto loan, view the enclosed auto loan rate tables.  The enclosed rate tables list the car loan lenders by loan type and term.

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The bank offers a number of traditional bank products and services including personal and business checking accounts and certificates of deposits, money market accounts and regular savings accounts as well as an array of loan products.  SussexBank also provides brokerage, investment, trust and other traditional banking services.

Sussex Bank lending activities includes commercial, consumer, mortgage, home equity and personal loans.  SussexBank offers many types of consumer credit services with a range of terms, conditions and interest rates.  In addition to home loan, personal loans and home equity loans, the banks offers car loans for both new and used car purchases.

Part of the bank’s lending process involves a streamlined decision process that gets prompt answer on loan applications.

SussexBank offers a variety of car loan rates and terms to qualified loan applicants in the markets served by the bank.  Current auto loan rates and terms available from SussexBank include:

New car loans for terms of 36 months have an auto loan rate at 6.00%.
New car loans for terms of 48 months have an auto loan rate at 6.25%.
New car loans for terms of 60 months have an auto loan rate at 6.50%.

Used car loans with a term of 36 months have an auto loan rate at 7.25%.
Used car loans with a term of 48 months have an auto loan rate at 7.50%.
Used car loans with a term of 60 months have an auto loan rate at 7.75%.

SussexBank offers an interest rate discount for borrowers that have their loan payments automatically deducted from a SussexBank personal checking account.  The car loan rates listed include a 0.25% rate reduction for the bank’s standard rates for automatic debit from a SussexBank checking or savings account.

Auto loan rates are current as the time of publication, the reliablility of the data can not be guaranteed.  Bank rates are subject to change without notice.  Car loans are subject to bank approval and additional conditions will apply.  For current car loan rates and terms, a bank representative can be reached at 800-511-9900.

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The bank not only provides car loans for used and new cars but also provides loans to purchase a trucks or SUV.  First Federal Bank has a variety of financing terms on a range of car loan options and can approve those loans quickly and efficiently.

Current car loan rates and terms offered by First Federal Bank include a number of financing options to help fit an assortment of monthly budgets.

New car loans for model years 2009-2010 have the following rates and terms:

A 36 month term loan has an auto loan rate of 6.00% and an APR of 6.49%. 
48 month term loans have an car loan rate of 6.50% and an APR of 6.88%
60 month term loans have an auto loan rate of 6.75% and an APR of 7.06%. 
66 month term loans have an car loan rate of 7.00% and an APR of 7.29% 
   
Used car loans for model years 2006-2009:
 
A 36 month term loan has an auto loan rate of 6.75% and an APR of 7.25%.
A 48 month term loan has an car loan rate of 7.00% and an APR of 7.38%.
A 60 month term loan has an auto loan rate of 7.25% and an APR of 7.56%.
 
Used car loans for model years 2004-2005:
 
A 36 month term loan has an auto loan rate of 7.00% and an APR of 7.66%.
A 48 month term loan has an car loan rate of 7.25% and an APR of 7.76%.

Used car loans for model years 2003 :

A 48 month term loan has an auto loan rate of 8.00% and an APR of 8.64%.
 
Used car loans for model years 2002 :

A 36 month term loan has an car loan rate of 8.25% and an APR of 9.25%.
 
Used car loans for model years 2001 :

A 24 month term loan has an auto loan rate of 8.75% and an APR of 10.84%.

Used car loans for model years 2000 and older: 

A 24 month term loan has an auto loan rate of 9.00% and an APR of 11.10%.
 
Auto loans rates are subject to change and additional conditions will apply.  For current Ohio auto loan rates, terms and conditions, a First Federal Bank representative can be reached at one of the branch locations or by calling the main bank number at 877-367-8178.

First Federal Bank is a community bank that offers standard banking products and services that includes home loans, commercial and consumer loans, as well as a wide assortment of deposit account services such as checking and savings accounts for retail and commercial customers.  First Federal Bank operates 33 full service bank branches and 45 ATM locations.

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