Compare Bank & Credit Union Rates
Best auto loan rates in Montgomery, AL
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 1–9 of 9 in Montgomery, AL · median 4.60% 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 - 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 - 4.29%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 - 4.50%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 - 4.60%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 - 4.75%APRas low as
Terms
As low as 4.75% APR. Terms up to 72 months (6 years). $20,000 minimum amount financed for new auto loans over 72 months. Up to 120% financing. 0.25% APR discount for relationship banking.
Auto loan score 83 · Carrot Score 98
Rate checked · Auto loans rates on its site
Rates and branches - 5.34%APRas low as · up to 20.69%with conditions
5.34% APR, up to 20.69%
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Available to well-qualified applicants. Includes a 0.25% discount for automated payment from a PNC checking account set up at loan closing; rate increases 0.25% if automated payment is discontinued. Available for 2018-2027 model year non-commercial vehicles with up to 80,000 miles (up to 100,000 miles based on credit qualifications).
Auto loan score 71 · Carrot Score 75
Rate checked · Auto loans rates on its site
Rates and branches - 6.24%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Extended term for new and used vehicles up to 5 years of age and 100,000 miles. APR shown is with 0.25% reduction for automatic payment. Minimum loan payment is $10,000.
Auto loan score 65 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 7.17%APRas low as · up to 18.00%
7.17% APR, up to 18.00%
Terms
Term up to 60 months. Advertised interest rate as low as 6.75% (7.171% APR) and no more than 18.00% APR. For vehicles up to 2 years old.
Auto loan score 61 · Carrot Score 73
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 Montgomery, AL
9 banks and credit unions · checked Oct 15–22
- Typical
- 4.60%
- Top 10% up to
- 3.80%
- Banks, typical
- 5.34%
- Credit unions, typical
- 4.55%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Montgomery, AL metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Auburn University Credit UnionCredit union · 1 branch
- ASE Credit UnionCredit union · 6 branches
- Guardian Credit UnionCredit union · 11 branches