Auto Loan Rates

20 Automakers Offer Zero Percent Financing in May 2010

20 Automakers Offer Zero Percent Financing in May 2010

Although there are an increasing number of attractive lease incentives being offered lately, some of the best incentives are the 0% financing car loan deals. If you qualify, you'll save hundreds to thousands of dollars over the life of the auto loan. Here is a list of the automakers who are offering 0% financing in May: Cadillac - Cadillac is offering 0% auto loans on its 2010 CTS, CTS-V and CTS[...] .. Read More.
Federal Interest Rate Kept at Record Low, Say Economy is Improving

Federal Interest Rate Kept at Record Low, Say Economy is Improving

The Federal Reserve announced Wednesday it would keep interest rates at record lows, even though it sees improvement in the economy. This will most likely keep auto loan rates at record lows as well. The Fed said that it will keep interest rates near 0 percent for an "extended period" to help the economy continue on its recovery path. The Federal Reserve said in a statement that the [...] .. Read More.
Auto Loan Interest Rates Hit Record Low in March

Auto Loan Interest Rates Hit Record Low in March

The average auto loan interest rate fell to 4.4 percent in March, according to data compiled by Edmunds.com. The 4.4 percent car loan rate is the lowest since 2002, when Edmunds.com started tracking auto finance data. When looking at year-over-year data, March 2010's rate is a decline of 1.4 percent compared to March 2009's average auto loan rate of 5.8 percent. Toyota had the lowest average car[...] .. Read More.

Auto Loan Interest Rates to Increase

Economists said over and over again that the record-low auto loan rates wouldn't last forever. The Federal Reserve dropped the fed funds rate to near 0% and has kept it there since December 2008, CNNMoney.com reports. Now that the economy is improving, it will start to cost you more to take out a car loan. Credit card companies have already doubled and even tripled their interest rates. Auto loan[...] .. Read More.

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