Compare Bank & Credit Union Rates
Best auto loan rates in New Mexico
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 35 in New Mexico · median 5.30% APR
- 2.99%APRas low asunusually low · being checked
Terms
New Vehicle (Cost over $15,000). Must add 1% to vehicles >100k miles. Must use J.D. Power retail on new 2019 models.
Auto loan score 87 · Carrot Score 93
Rate checked · Auto loans rates on its site
Rates and branches - 4.25%APRas low as · up to 10.50%
4.25% APR, up to 10.50%
Terms
Up to 60 Months term. Max amount 100% purchase price inc. tax. Certificate of ownership and insurance required.
Auto loan score 89
Rate checked · Auto loans rates on its site
Rates and branches - 4.25%APRas low as
Terms
Maximum term 60 Months. Rates as low as stated; determined based on credit factors.
Auto loan score 89 · Carrot Score 80
Rate checked · Auto loans rates on its site
Rates and branches - 4.29%APRas low as
Terms
As low as rate for 37-60 months on new vehicles (2025 and newer model years). Assumes excellent credit.
Auto loan score 88 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.50%APRas low as
Terms
As low as APR for 2023 or newer vehicles. Actual APR based on creditworthiness.
Auto loan score 83 · Carrot Score 81
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as · up to 17.99%with conditions
4.75% APR, up to 17.99%
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Model Years 2025–Newer; 48–84 months. Advertised rate includes 0.25% Auto Pay discount.
Auto loan score 82 · Carrot Score 83
Rate checked · Auto loans rates on its site
Rates and branches - Northern New Mexico School Employees Federal Credit UnionNew and Used Auto Under 10 Years · 49–60 months
Credit union · 1 branch
4.75%APRas low as · up to 18.00%4.75% APR, up to 18.00%
Terms
Credit score tiers: 740 and UP (4.75%), 700 - 739 (5.25%), 660 - 699 (6.25%), 620 - 659 (8.25%), 580 - 619 (14.5%), 540 - 579 (16%), 539 and less (18.00%).
Auto loan score 80 · Carrot Score 81
Rate checked · Auto loans rates on its site
Rates and branches - 4.79%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Includes Loyalty Plus & Digital Services / Online Application Discount
Auto loan score 81 · Carrot Score 69
Rate checked · Auto loans rates on its site
Rates and branches - 4.95%APRas low as
Terms
Rates as low as 4.95% APR. Rate based on creditworthiness and term of loan.
Auto loan score 86 · Carrot Score 74
Rate checked · Auto loans rates on its site
Rates and branches - 4.99%APRas low as · up to 16.99%
4.99% APR, up to 16.99%
Terms
$10,000 Minimum. Tier A+ (Equifax 750+): 4.99% APR; Tier A (Equifax 700-749): 5.99% APR; Tier B (Equifax 660-699): 7.49% APR; Tier C (Equifax 600-659): 10.99% APR; Tier D (Equifax 550-599): 14.49% APR; Tier E (Equifax 549 & Below): 16.99% APR
Auto loan score 83 · Carrot Score 85
Rate checked · Auto loans rates on its site
Rates and branches - 5.04%APRas low as
Terms
Model years 2026-2024. Preferred Member rate (0.25% discount): must be current on existing debt (no loans past due), have minimum par share ($5) in Main Share account, no accounts in negative, and no outstanding fees owed.
Auto loan score 81 · Carrot Score 91
Rate checked · Auto loans rates on its site
Rates and branches - 5.09%APRas low as · up to 17.99%
5.09% APR, up to 17.99%
Terms
Term 49 - 72 months. Quoted at 80% Loan to Value.
Auto loan score 81 · Carrot Score 78
Rate checked · Auto loans rates on its site
Rates and branches - 5.24%APRas low as
Terms
Fixed rate. Term 5 Years.
Auto loan score 79 · Carrot Score 99
Rate checked · Auto loans rates on its site
Rates and branches - 5.24%APRas low as
Auto loan score 79 · Carrot Score 74
Rate checked · Auto loans rates on its site
Rates and branches - 5.24%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Vehicle Year 2022-2027. Rate as low as 4.74% APR with MemPerx Max Benefit. Determined on approved credit; 'as low as' rates assume excellent borrower credit history. Minimum loan balances may apply.
Auto loan score 79 · Carrot Score 73
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 New Mexico
35 banks and credit unions · checked Oct 15–22
- Typical
- 5.30%
- Top 10% up to
- 4.37%
- Banks, typical
- 6.24%
- Credit unions, typical
- 5.24%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
New Mexico
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- America First Credit UnionCredit union · 1 branch
- Sandia Area Federal Credit UnionCredit union · 7 branches
- State Employees Credit UnionCredit union · 8 branches