Compare Bank & Credit Union Rates
Best auto loan rates in Alabama
Compare the lowest advertised APRs for new and used vehicle loans from banks and credit unions, with terms, conditions and original sources.
Top new-car loan rates
Showing 1–15 of 58 in Alabama · median 5.00% APR
- 2.99%APRas low as
Terms
as low as 2.99%
Auto loan score 99 · Carrot Score 98
Rate checked · Auto loans rates on its site
Rates and branches - 2.74%APRas low asunusually low · being checked
Terms
New Never Titled (2021-2022) schedule.
Auto loan score 94 · Carrot Score 98
Rate checked · Auto loans rates on its site
Rates and branches - 3.00%APRas low asunusually low · being checked
Auto loan score 93
Rate checked · Auto loans rates on its site
Rates and branches - 3.99%APRas low as
Terms
Cars, trucks and vans. Rates quoted for terms 24-74 months are based on minimum loan amount of $15,000. For loan amounts $5,000-$14,999.99, add one percent. For loans up to $4,999.99, add two percent. Minimum loan amount on terms 75 months and up is $25,000.
Auto loan score 93 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - 4.00%APRas low as · up to 16.00%
4.00% APR, up to 16.00%
Auto loan score 86 · Carrot Score 74
Rate checked · Auto loans rates on its site
Rates and branches - 4.24%APRas low as
Terms
Rate is as low as 4.24% APR. Terms up to 84 months depending on the age and mileage of the vehicle. Based on a $20,000 loan with a 4.24% APR for 36 months, estimated monthly payments are $593.
Auto loan score 93 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - 4.29%APRas low as
Terms
As low as rate for 37-60 months on new vehicles (2025 and newer model years). Assumes excellent credit.
Auto loan score 88 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.39%APRas low as
Terms
Rates are 'as low as' and subject to change without notice. Rates and terms subject to normal credit policies, creditworthiness, and age of collateral, miles, and value. Additional rate discounts available with automatic payments enrollment.
Auto loan score 91 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as · up to 5.49%
4.49% APR, up to 5.49%
Terms
Rate based on creditworthiness and term of loan.
Auto loan score 86 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 4.50%APRas low as · up to 21.95%
4.50% APR, up to 21.95%
Terms
Applies to New & Used Autos, Truck, Vans. Rates, discounts, and terms subject to change. Loans subject to credit and application approval. Relationship discounts (Auto Pay, Credit Life and Disability) or new vehicle discount may apply.
Auto loan score 89 · Carrot Score 93
Rate checked · Auto loans rates on its site
Rates and branches - 4.50%APRas low as
Terms
Terms up to 84 months. *Terms and conditions may apply.
Auto loan score 89 · Carrot Score 91
Rate checked · Auto loans rates on its site
Rates and branches - 4.60%APRas low as
Terms
APR as low as 4.60%.
Auto loan score 88 · Carrot Score 93
Rate checked · Auto loans rates on its site
Rates and branches - 4.60%APRas low as
Terms
Requires a minimum loan amount of $10,000.
Auto loan score 87 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 4.70%APRas low as
Terms
For 2024, 2025, 2026 vehicles. Rate depends on final underwriting, creditworthiness, and collateral age and equity position. Payment per $1,000 borrowed is $17.94.
Auto loan score 88 · Carrot Score 94
Rate checked · Auto loans rates on its site
Rates and branches - 4.74%APRas low as · up to 17.49%
4.74% APR, up to 17.49%
Terms
Rates vary based on evaluation of applicant's credit and loan term. Offers no payment for up to 90 days.
Auto loan score 85 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches
Each institution’s lowest advertised APR for the vehicle, at terms that reach 60 months: usually its best-credit rate, so yours depends on your credit, the term and the vehicle. A rate that needs autopay, a checking account or similar says “with conditions”; More filters can leave those out. Refinance, lease buyout, recreational and promotional rates that have ended are left out, and a rate far below what other lenders advertise is listed lower down until it’s checked. Carrot Score rates each institution on all its CD, savings, auto loan and credit card rates. How we rank
What new auto loans cost in Alabama
58 banks and credit unions · checked Oct 15–22
- Typical
- 5.00%
- Top 10% up to
- 4.28%
- Banks, typical
- 5.28%
- Credit unions, typical
- 5.00%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Alabama
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Auburn University Credit UnionCredit union · 3 branches
- ASE Credit UnionCredit union · 9 branches
- AOD Federal Credit UnionCredit union · 6 branches