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 121–131 of 131 in Massachusetts · median 5.49% APR
- 7.75%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
New vehicles (2024 - 2025 models) with 5% down payment. Monthly payment is $20.16 per $1,000 borrowed. Rate reflects a 0.25% reduction for automatic loan payment deduction from a BankFive checking account. Relationship Checking customers qualify for an additional 0.25% rate reduction (total 0.50% reduction).
Auto loan score 61 · Carrot Score 78
Rate checked · Auto loans rates on its site
Rates and branches - 7.75%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
New Only (2025-2026 model years); 5% down payment required; 7.75% with autopay from BayCoast checking/savings; otherwise 0.25% higher; purchase or refinance only.
Auto loan score 61 · Carrot Score 63
Rate checked · Auto loans rates on its site
Rates and branches - 7.88%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Model years 2025-2026. Payment per $1,000 borrowed: $20.22. Requires AutoPay from a new or existing Haverhill Bank account.
Auto loan score 60 · Carrot Score 67
Rate checked · Auto loans rates on its site
Rates and branches - 7.99%APRas low as
Terms
Eastern Bank Premier Checking account, Private Bank Checking account and Select Checking account holders receive a 0.50% discount with auto-pay from their Eastern Bank checking account. Other Eastern Bank customers receive a 0.25% discount with auto-pay from their Eastern Bank checking account. The minimum term is 12 months.
Auto loan score 60 · Carrot Score 69
Rate checked · Auto loans rates on its site
Rates and branches - 7.99%APRas low as
Auto loan score 60 · Carrot Score 97
Rate checked · Auto loans rates on its site
Rates and branches - 8.00%APRas low as
Terms
Monthly payment of $20.28 per $1,000.
Auto loan score 60 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 8.50%APRas low as
Terms
New Car. Maximum 90% LTV. 0.25% discount available with automatic payment withdrawal from a GCB/NCB checking or statement savings account.
Auto loan score 60 · Carrot Score 60
Rate checked · Auto loans rates on its site
Rates and branches - 9.74%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Requires automatic payment from The Open Account. Payment per $1,000 is $21.12.
Auto loan score 60 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - 10.00%APRas low as
Terms
Model Year 2020-2026. Rate deductions: deduct 0.25% for all MNB Mortgage, HELOC, Commercial LOC, Commercial Mortgage or Business Term Loan; deduct 0.25% for Auto Deduct from an MNB Checking, Savings or Money Market account; deduct 0.25% for Gold Customers; deduct 0.35% for Platinum Customers; deduct 0.25% if LTV is <80%; deduct 0.25% if Hybrid or Electric Vehicle. Minimum interest charge of $100.
Auto loan score 60 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - 10.50%APRas low as
Terms
Monthly Payment per $1,000 Borrowed: $21.49
Auto loan score 60 · Carrot Score 82
Rate checked · Auto loans rates on its site
Rates and branches - 12.50%APRas low as
Auto loan score 60 · Carrot Score 70
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