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Auto Interest Rates at Four-Year Low
By Michelle A. SamaadAverage interest rates for new vehicle loans fell to 4.52% in the fourth quarter of 2011, down from 4.84% during the same period in 2010, according to Experian.
CU Times compiles our exclusive data sets in combination with information received from NCUA and other federal agencies to give a clear view of lending trends involving credit unions (i.e. mortgage, auto loans, HELOCs, student loans).
Average interest rates for new vehicle loans fell to 4.52% in the fourth quarter of 2011, down from 4.84% during the same period in 2010, according to Experian.