Interest.com's weekly survey of major lenders taken Nov. 18 found the average cost of a:
Five-year, new-car loan fell to 6.62% from 6.68%. One year ago we were paying 7.13% APR.
Four-year, new-car loan fell to 6.65% from 6.71%. A year ago, we were paying 7.10%.
Three-year, new-car loan 6.56% from 6.63%. A year ago, those loans cost 7.05%. Three-year, used-car loan dropped to 7.46% from 7.59%. A year ago, those loans cost 7.80%.
Here's where to find the best auto loan rates in your area.
Or check out our advice on how to get the best deal on a new car or truck and buy a great used vehicle.
Our auto loan calculator can help you figure out the monthly payments for any deal.
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