Bank · FDIC insured
Mechanics Cooperative Bank Auto Loan Rates
Mechanics Cooperative Bank auto loans start at 6.50% APR for a new vehicle and 7.24% for a used one. Rates checked October 15, 2026.
How Mechanics Cooperative Bank’s auto loan rates compare
Compared with banks and credit unions near Providence, RI-MA, where Mechanics Cooperative Bank has the most branches. New vehicle, lowest advertised APR first.
This bank’s lowest
Mechanics Cooperative Bank
6.50%APR
- Terms
- up to 60 months
- Discount
- Included in the rate
New Auto Loan
Lowest rate
Shoreham Bank
3.99%APR
- Terms
- up to 78 months
- Discount
- None included
2nd-lowest rate
St. Anthony of Padua FCU
3.99%APR
- Terms
- up to 72 months
- Discount
- None included
Mechanics Cooperative Bank auto loan score
62
Auto loan score
Higher than 5% of U.S. banks and credit unions
- New vehicleNew6.50%
- Used vehicleUsed7.24%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where Mechanics Cooperative Bank ranks
By auto loan score, in each area where it has branches
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.
New Auto Loan
Rates reflect a 0.25% discount for automatic payment from a Mechanics Cooperative Bank Checking Account (add 0.25% if automatic payment is not taken from a MCB checking account). Maximum of 100% of purchase price of vehicle not previously registered. Down payment must bring loan amount to not exceed NADA Retail Value. Purchase order and insurance binder required. Non-title security considered at 0.50% higher rate. Subject to credit approval.
| Terms | APR | Conditions |
|---|---|---|
| up to 36 months | 6.13% | Includes 0.25% auto-pay discount with Mechanics Cooperative Bank checking account. Fixed monthly payment of $30.49 per $1,000 for 36 months. |
| up to 48 months | 6.25% | Includes 0.25% auto-pay discount with Mechanics Cooperative Bank checking account. Fixed monthly payment of $23.60 per $1,000 for 48 months. |
| up to 60 months | 6.50% | Includes 0.25% auto-pay discount with Mechanics Cooperative Bank checking account. Fixed monthly payment of $19.57 per $1,000 for 60 months. |
Sources (1)
- mechanics.bank/lending/consumer-loans · captured Oct 7, 2026
Used Auto Loan
Available for autos no more than 5 years old. Rates reflect a 0.25% discount for automatic payment from a Mechanics Cooperative Bank Checking Account (add 0.25% if automatic payment is not taken from a MCB checking account). Down payment must bring loan amount to not exceed NADA Retail Value. Purchase order and insurance binder required. Non-title security considered at 0.50% higher rate. Subject to credit approval.
| Terms | APR | Conditions |
|---|---|---|
| up to 36 months | 6.75% | Includes 0.25% auto-pay discount with Mechanics Cooperative Bank checking account. Fixed monthly payment of $30.76 per $1,000 for 36 months. |
| up to 48 months | 7.00% | Includes 0.25% auto-pay discount with Mechanics Cooperative Bank checking account. Fixed monthly payment of $23.95 per $1,000 for 48 months. |
| up to 60 months | 7.24% | Includes 0.25% auto-pay discount with Mechanics Cooperative Bank checking account. Fixed monthly payment of $19.91 per $1,000 for 60 months. |
Sources (1)
- mechanics.bank/lending/consumer-loans · captured Oct 7, 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.