



MEMORANDUM

Subject:	Auto Loan Rates for Use in the OMEGA ICBT

From:		Todd Sherwood, ASD, Office of Transportation and Air Quality

To:		Environmental Protection Agency (EPA), DOCKET EPA-HQ-OAR-2015-0827

Date:		November 15, 2016

An Internet search was conducted to determine the average auto loan rates across the United States in recent months. The purpose being to support the loan terms used as inputs to the Benefit-Cost Analysis supporting the Proposed Determination. The search generated a wide variety of results as shown in the attachments. As a result, we chose to use a value of 4.25% for each of three loan periods (4, 5 and 6 year loans).

Attachments

