Current auto loan rates are determined by a number of factors. The main factor that determines what a consumer is going to pay in auto loan rates is what is known as the prime interest rate. This is what the Federal Reserve charges banks for loans. It usually fluctuates a little on a daily basis. The prime rate can be checked online, by going to a bank or by reading the business section of most major newspapers.
When getting a car loan, you may find it helpful to check the prime rate and some competitive car loan interest rates online. Some good places to do this are:
All of the sites mentioned also offer loan calculators which allow you to see what sort of payments you might be looking at with different finance amounts and rates.
When getting a car loan, the internet should be your first stop to make sure you know what you can expect for current auto loan rates.