Auto Loan Rate

Fitch Expects to Rate CarMax Auto Owner Trust 2012-1; Presale Issued

Fitch Ratings expects to rate CarMax Auto Owner Trust 2012-1 as follows:

Fitch Expects to Rate Volkswagen Auto Loan Enhanced Trust 2012-1

Fitch Ratings expects to rate Volkswagen Auto Loan Enhanced Trust 2012-1 as detailed below.

Consumer Loan Rates

Springfield financial institutions quoted the following rates Friday for home equity, auto and boat loans. The home equity rate is based on a $10,000 loan or line of credit with applicable points included. Rates are variable unless otherwise noted. Additional fees are not included. The auto loan rate is based on a 48-month contract for a new car. The boat rate is based on a loan for a new boat.

CRR cut by RBI: No change in home, auto loan EMIs

There is no respite to home, auto and corporate loan borrowers in terms of their EMIs but with RBI reducing the CRR, banks will have more money to lend.

Auto rates

Springfield financial institutions quoted the following rates Friday for home equity, auto and boat loans. The home equity rate is based on a $10,000 loan or line of credit with applicable points included. Rates are variable unless otherwise noted. Additional fees are not included. The auto loan rate is based on a 48-month contract for a new car. The boat rate is based on a loan for a new boat.

Barclays Cuts Yields On $1 Billion General Motors Subprime ABS

Barclays Capital cut risk premiums on General Motors Financial Co.'s $1 billion subprime auto-loan asset-backed securities, as the underwriter claimed some of the strongest investor demand for that type of bond in recent memory.

Auto funding not getting cheaper this year

Auto financing companies are unlikely to cut their interest rates this year, despite the trend in the policy rate. The interest rate charged by auto hire-purchase businesses is currently in a range of 2.3 to 2.5 per cent, which is expected to be maintained throughout the year, Isara Wongrung, chief executive officer of Kasikorn Leasing, said yesterday.