Compare Bank & Credit Union Rates
Best auto loan rates in Portland, ME
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 15 in Portland, ME · median 4.74% APR
- 4.24%APRas low as
Terms
Rates as low as 4.24% APR vary based on creditworthiness. Applies to 37-60 month term for loans secured by non-commercial passenger vehicles including autos and light-duty trucks, both new and used up to 7 model years old. Minimum loan amount $3,000.
Auto loan score 93 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Up to 110% financing. Payment per $1,000 is $18.64. Rates reflect relationship loan discount pricing. Not all applicants will qualify for lowest rate.
Auto loan score 87 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - TruChoice Federal Credit UnionNew Vehicle (Less than 3 years old) · up to 60 months
Credit union · 1 branch
4.50%APRas low asTerms
As low as 4.50% APR for terms up to 60 months. No minimum.
Auto loan score 89 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - 4.53%APRas low as
Terms
Rate and APR as low as stated based on creditworthiness and term. Minimum loan amount $7,500. Includes $25 document fee in payment calculation.
Auto loan score 89 · Carrot Score 86
Rate checked · Auto loans rates on its site
Rates and branches - Cumberland County Federal Credit UnionNew & Used Autos ≤ 5 Years Old (Model Years: 2022 - 2026) · up to 60 months
Credit union · 1 branch
4.60%APRas low asTerms
Credit Rate: A+
Auto loan score 88 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 4.74%APRas low as
Terms
Rate as low as 4.74% APR. Based on creditworthiness criteria. Vehicle age will determine the maximum loan term permitted by our policies. Monthly payment example: For a loan with a 4.74% APR and a 60-month term, the monthly payment will be $18.64 per $1,000 borrowed.
Auto loan score 87 · Carrot Score 78
Rate checked · Auto loans rates on its site
Rates and branches - 4.74%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
60 Month New Auto Loans. Model Year 2024 and Newer. New/Refinance. Rates displayed include the additional All-In Member Pricing interest rate discount up to 0.50% APR. Requirements: 21+ debit or credit card transactions per month (transaction count is not a combination of debit and credit card transactions; debit posted within calendar month, credit posted between 27th of previous month and 26th of current month; excludes ATM/cash) and minimum of $1,500 in direct deposit(s) and/or mobile deposit within last 31 days into qualifying account; must maintain open consumer checking account within same membership. Electronic payment indicated; add 1% for non-electronic payment method.
Auto loan score 82 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 4.74%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Rate reflects 0.25% discount for relationship pricing. Payment per $1,000 is $17.96. As low as rate subject to credit approval.
Auto loan score 81 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 5.14%APRas low as
Terms
Approximate term up to 10 yrs. Terms greater than 84 months have a minimum loan amount of $60,000 with a maximum Loan To Value of 100%. Example APR of 5.14% based on term of 24 months with estimated monthly payment of $43.94 per $1,000.00 borrowed. Loan to value up to 125%. Standard rate; rate may vary depending on credit history and underwriting factors.
Auto loan score 81 · Carrot Score 83
Rate checked · Auto loans rates on its site
Rates and branches - 5.64%APRas low as
Terms
Advertised as-low-as APR assumes excellent borrower credit history and is specific to VA. Advertised rate does not include additional BofA Rewards interest rate discount of 0.10% to 0.50%. Rate guaranteed for 30 days from application approval.
Auto loan score 66 · Carrot Score 65
Rate checked · Auto loans rates on its site
Rates and branches - 5.98%APRas low as · up to 7.23%with conditions
5.98% APR, up to 7.23%
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Age of Auto: NEW to 5 Years. Payment per $1,000 of loan, per month is $19.27 to $19.86. Lowest rate assumes automatic payment deduction from a Bath Savings deposit account, combined deposit relationship of $10,000+, and credit score >= 750. APR calculated on a $10,000 loan including $45.00 origination fee.
Auto loan score 67 · Carrot Score 63
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 - 6.78%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
New (untitled). Includes a 0.25% relationship discount for automatic payments from Mutual Checking or Mutual Interest Checking. Example payment: 60 monthly payments @ $16.67 per $1,000 borrowed.
Auto loan score 61 · Carrot Score 77
Rate checked · Auto loans rates on its site
Rates and branches - 6.79%APRas low as · up to 15.69%with conditions
6.79% APR, up to 15.69%
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
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.
Auto loan score 62 · Carrot Score 60
Rate checked · Auto loans rates on its site
Rates and branches - 8.53%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Relationship pricing (requires client with year to date average collected deposit balances combined of $1,000 or greater). Age based on model year: New to 1 year old. Stated interest rate: 8.00%. Processing Fee of $250.00 charged.
Auto loan score 60 · Carrot Score 79
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 Portland, ME
15 banks and credit unions · checked Oct 16–22
- Typical
- 4.74%
- Top 10% up to
- 4.49%
- Banks, typical
- 6.51%
- Credit unions, typical
- 4.60%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Portland, ME metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Dirigo Federal Credit UnionCredit union · 1 branch
- Trademark Federal Credit UnionCredit union · 1 branch
- Atlantic Federal Credit UnionCredit union · 12 branches