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 46–58 of 58 in Alabama · median 5.00% APR
- 5.49%APRas low as · up to 13.34%
5.49% APR, up to 13.34%
Terms
Rates as of 10/15/2026. Applicable to new, used, and refinanced auto loans. Maximum loan term will depend on the age of collateral and/or the size of the loan. The actual Annual Percentage Rate (APR) may vary based on the applicant's credit history and underwriting criteria. Monthly payments per $1,000 for up to 24 months at 4.99% APR is $44.23. Pre-qualification offers are good for up to 30 days.
Auto loan score 73 · Carrot Score 85
Rate checked · Auto loans rates on its site
Rates and branches - 5.50%APRas low as
Terms
Rates based on Credit Score. Down payment may be required. Longer terms may require a minimum loan amount.
Auto loan score 72 · Carrot Score 74
Rate checked · Auto loans rates on its site
Rates and branches - 5.64%APRas low as
Terms
Up to 60 mo. Est. monthly payment $19.21 per $1,000. Current and previous year's models. Actual rates and terms vary based on credit history, loan amount, and collateral.
Auto loan score 67 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 5.74%APRas low as
Terms
Vehicle model years 2022 - 2026.
Auto loan score 69 · Carrot Score 93
Rate checked · Auto loans rates on its site
Rates and branches - 5.75%APRas low as
Auto loan score 68 · Carrot Score 84
Rate checked · Auto loans rates on its site
Rates and branches - 5.99%APRas low as
Terms
New Auto and Previous 3 Years and Up - Less than 30,000 miles. APR as low as. Relationship discount up to 1.00% available but discounted rate will not be reduced below 6.00% APR.
Auto loan score 64 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - 5.99%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Auto loan score 63 · Carrot Score 89
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 - 6.24%APRas low as
Terms
Based on 60 months and $45,000 financing amount with $0 down payment for online applicants with excellent credit. Rate discount of 0.25% may be available for Chase customers maintaining an average daily combined balance of $150,000 or more across eligible accounts.
Auto loan score 64 · Carrot Score 60
Rate checked · Auto loans rates on its site
Rates and branches - 6.75%APRas low as · up to 15.45%
6.75% APR, up to 15.45%
Terms
Terms and rates based on soundness of credit. All rates are subject to change without notice.
Auto loan score 61 · Carrot Score 87
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 - New Horizons Credit UnionNew Autos (2026, 2025 w/less than 15,000 miles) · up to 96 months
Credit union · 8 branches
7.49%APRas low asTerms
$65,000 minimum; No 90-day option; Max LTV 110% financing
Auto loan score 60 · Carrot Score 71
Rate checked · Auto loans rates on its site
Rates and branches - 10.99%APRas low as
Terms
Rate is 'as low as' and based on creditworthiness and term of loan. Subject to approval.
Auto loan score 60 · Carrot Score 82
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