New Car Loan Rates Continue Decline

SubPrime News - September 8, 2010

Like­ly fueled by automak­ers’ heavy use of incen­tives con­nect­ed to APR, the Fed­er­al Reserve revealed the aver­age inter­est rate on new-car loans at auto finance com­pa­nies hit the low­est point of the year in July. Fed­er­al offi­cials com­put­ed the aver­age at 3.87 per­cent.