WASHINGTON — The average interest rate for new-car loans decreased in July, while the amount financed increased, according to the latest Federal Reserve Statistical Report.

The average interest rate for U.S. new-car loans was 3.43 percent in July 2009, a drop of 0.45 from 3.88 percent recorded in July 2009.

The average term for a new-car loan remained steady for the second consecutive month at 62.7 months.

The average loan-to-value ratio increased to 92 percent, and the amount financed rose from $28,215 in June to $28,866 in July.