Compare Bank & Credit Union Rates
Best auto loan rates in Minnesota
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 70 in Minnesota · median 5.17% APR
- 3.95%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Up to 5-year (60-month) term. Minimum 700 credit score and active direct deposit of at least $750/month into checking account required.
Auto loan score 96 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 3.99%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Vehicle 2023 & newer. Rate includes 0.75% discount for automatic loan payment from a Magnifi account.
Auto loan score 88 · Carrot Score 91
Rate checked · Auto loans rates on its site
Rates and branches - St. Paul Federal Credit UnionAuto Model Years – LESS than 8 years old · up to 60 months
Credit union · 3 branches
4.29%APRas low asTerms
Lowest Annual Percentage Rate (APR). Based on creditworthiness and term.
Auto loan score 92 · Carrot Score 93
Rate checked · Auto loans rates on its site
Rates and branches - 4.29%APRas low as
Terms
2023+ model years; no payments for 60 days. Other terms and rates available.
Auto loan score 89 · Carrot Score 90
Rate checked · Auto loans rates on its site
Rates and branches - 4.34%APRas low as
Terms
Model years 2025 & newer. Stated as low as.
Auto loan score 87 · Carrot Score 83
Rate checked · Auto loans rates on its site
Rates and branches - 4.39%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Model year: New Auto 2025 & Newer. Rates shown include a 0.25% Relationship Discount for qualified borrowers.
Auto loan score 85 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - Mayo Employees Federal Credit UnionNew Auto (Current Model Year or Newer) · up to 60 months
Credit union · 6 branches
4.49%APRas low asTerms
Actual rate is based on applicant's credit history.
Auto loan score 89 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as
Terms
Payment example: $18.87 per $1000 borrowed
Auto loan score 89 · Carrot Score 85
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as
Terms
For model year 2021 and newer vehicles. Promotional rate for applications received September 1, 2026, through October 31, 2026. Maximum term 72 months. No additional rate discounts apply. Subject to credit approval.
Auto loan score 83
Rate checked · Auto loans rates on its site
Rates and branches - 4.50%APRas low as
Terms
Model Year: 2025 and newer
Auto loan score 89 · Carrot Score 95
Rate checked · Auto loans rates on its site
Rates and branches - 4.59%APRas low as
Terms
New - No Miles. Add 0.25% for additional year on term (not to exceed 72 months). All rates subject to change based on credit, collateral value, and other qualifying factors.
Auto loan score 86 · Carrot Score 73
Rate checked · Auto loans rates on its site
Rates and branches - 4.74%APRas low as
Terms
Loans subject to credit approval, not all members may qualify. Qualifying rate is dependent on credit qualifications, term of loan, and other conditions. Minimum APR loan payment example: 4.74% APR for 36 months per $1,000 is $29.86.
Auto loan score 87 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.74%APRas low as · up to 16.75%
4.74% APR, up to 16.75%
Terms
Rates determined based on creditworthiness. Terms determined based on creditworthiness and loan amount. Monthly payment per $1000 borrowed - maximum term is $14.02 - $20.29.
Auto loan score 87 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - Associated Healthcare Credit UnionNew Auto (2025 & Newer) · up to 84 months
Credit union · 5 branches
4.74%APRas low aswith conditionsThis rate needs a checking account, direct deposit or relationship with the lender.
Terms
Payment is $14.02 per $1,000 borrowed.
Auto loan score 83 · Carrot Score 89
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
Model year 2023 and newer. Includes a 0.25% automatic payment discount. Payment per $1,000 is $18.98.
Auto loan score 83 · 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 Minnesota
70 banks and credit unions · checked Oct 16–22
- Typical
- 5.17%
- Top 10% up to
- 4.49%
- Banks, typical
- 6.09%
- Credit unions, typical
- 5.08%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Minnesota
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Greater Community CUCredit union · 4 branches
- Altra Federal Credit UnionCredit union · 4 branches
- VisionBankBank · 1 branch