Compare Bank & Credit Union Rates
Best auto loan rates in Massachusetts
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 61–75 of 131 in Massachusetts · median 5.49% APR
- 5.25%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
For 2026 - 2020 vehicles. Stated rate includes a 0.50% APR AutoPay discount when loan payments are automatically deducted from a St. Mary's Credit Union statement account. Rate is determined by credit score, term, and year of vehicle. Qualifying borrowers can finance up to 115% of value.
Auto loan score 72 · Carrot Score 73
Rate checked · Auto loans rates on its site
Rates and branches - Polish National Credit UnionNew Automobile Loans, 2025-2026 Model Years (Never Registered) · up to 84 months
Credit union · 8 branches
5.25%APRas low aswith conditionsThis rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Based on Tier 1 credit and includes 0.25% auto-pay discount from a PNCU Perks checking account. Monthly payment is $14.25 per $1,000.
Auto loan score 69 · Carrot Score 78
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 - 5.39%APRas low as
Terms
Model Year 2023-2027.
Auto loan score 76 · Carrot Score 78
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as
Terms
For vehicle years 2025 - 2027. Monthly payment per $1,000 is $18.31. Advertised APR is the lowest available.
Auto loan score 73 · Carrot Score 84
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as
Terms
Up to 60 months; 2024-2026 model year.
Auto loan score 69 · Carrot Score 77
Rate checked · Auto loans rates on its site
Rates and branches - 5.50%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Limited time promotional offer for new and used vehicles, model years 2021-2025. Advertised rate includes 0.50% discount with autopay from a Bank of Easton checking account. 10% downpayment required.
Auto loan score 68 · Carrot Score 66
Rate checked · Auto loans rates on its site
Rates and branches - Lowell Municipal Employees Federal Credit UnionNew Vehicles · up to 84 months
Credit union · 1 branch
5.50%APRas low as · up to 6.50%5.50% APR, up to 6.50%
Terms
Tier 1 (700-850 credit score, max debt ratio 42%): 5.50% APR. Tier 2 (600-699 credit score, max debt ratio 38%): 6.25% APR. Tier 3 (500-599 credit score, max debt ratio 32%): 6.50% APR (requires a co-borrower with at least a 650 credit score and credit committee approval). Model years 2024–2025.
Auto loan score 68 · Carrot Score 76
Rate checked · Auto loans rates on its site
Rates and branches - Somerville School Employees Federal Credit UnionNew Car (2025 - 2026) · up to 60 months
Credit union · 1 branch
5.50%APRas low asAuto loan score 68 · Carrot Score 61
Rate checked · Auto loans rates on its site
Rates and branches - 5.50%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
With direct deposit. Payment per thousand is $19.10. Rate includes maximum available direct deposit discount.
Auto loan score 65 · Carrot Score 74
Rate checked · Auto loans rates on its site
Rates and branches - 5.54%APRas low as
Terms
2023 and newer vehicles. Fixed APR as low as 5.54%. Monthly Payment Per $1,000 Borrowed is $19.12 for maximum term of 6 Years.
Auto loan score 72 · Carrot Score 72
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 - 5.74%APRas low as
Auto loan score 69 · Carrot Score 72
Rate checked · Auto loans rates on its site
Rates and branches - 5.74%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Model Years 2026-2022; payment per $1,000 is $18.43; includes .25% discount with Auto Pay from an IC Account
Auto loan score 66 · Carrot Score 74
Rate checked · Auto loans rates on its site
Rates and branches - 5.75%APRas low as · up to 11.95%
5.75% APR, up to 11.95%
Terms
Credit score 600 - 730+; Maximum advance 85% - 125%; Maximum amount $22,000 - $60,000; Debt to income 35% - 45%; Deduct .25% from interest rate if payment is automatically deducted from checking account
Auto loan score 68 · Carrot Score 64
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 Massachusetts
131 banks and credit unions · checked Oct 15–22
- Typical
- 5.49%
- Top 10% up to
- 4.50%
- Banks, typical
- 6.79%
- Credit unions, typical
- 4.99%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Massachusetts
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Hanscom Federal Credit UnionCredit union · 14 branches
- USALLIANCE FinancialCredit union · 1 branch
- The Village BankBank · 10 branches