Bank · FDIC insured
M&T Bank Auto Loan Rates
M&T Bank auto loans start at 6.79% APR for a new vehicle and 6.79% for a used one. Rates checked October 23, 2026.
How M&T Bank’s auto loan rates compare
Compared with banks and credit unions near New York, NY-NJ, where M&T Bank has the most branches. New vehicle, lowest advertised APR first.
This bank’s lowest
M&T Bank
6.79%APR
- Terms
- up to 84 months
- Up to
- 15.69% APR
- Discount
- None included
Auto Loans
Lowest rate
Westchester Schools FCU
2.90%APR
- Terms
- up to 72 months
- Up to
- —
- Discount
- None included
2nd-lowest rate
PSFCU
3.50%APR
- Terms
- up to 60 months
- Up to
- —
- Discount
- Included in the rate
M&T Bank auto loan score
62
Auto loan score
Higher than 7% of U.S. banks and credit unions
- New vehicleNew6.79%
- Used vehicleUsed6.79%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where M&T Bank ranks
By auto loan score, in each area where it has branches
- #92 of 100New York-Newark-Jersey City, NY-NJ metro152
- #27 of 30Baltimore-Columbia-Towson, MD metro84
- #71 of 76Washington-Arlington-Alexandria, DC-VA-MD-WV metro65
- #75 of 99Boston-Cambridge-Newton, MA-NH metro51
- #36 of 42Buffalo-Cheektowaga, NY metro48
- #32 of 35Hartford-West Hartford-East Hartford, CT metro38
Every rate
Current auto loan rates
Rates from the bank’s website. Most are “as low as” rates for the best credit; yours depends on your credit, the term and the vehicle.
Auto Loans
Finance new and used cars or trucks. Purchase from a dealership or private party. Minimum loan amount $2,000. Relationship discounts available for customers with qualifying M&T Bank consumer checking accounts. Available in CT, DE, ME, MD, MA, NH, NJ, NY, PA, VT, VA, DC and WV.
| Terms | APR | Conditions |
|---|---|---|
| up to 84 months | 6.79%–15.69% | To qualify for the lowest APR available (6.79%): term must be 48 months or less; collateral model year must be 2025 or newer; must have or open an M&T MyChoice Premium or Power Checking account at time of application; and automatic payment deductions from any M&T checking account must be established. Terms up to 84 months available. |
Sources (1)
- mtb.com/personal/mortgages-and-loans/auto-loans · captured Oct 16, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.