Compare Bank & Credit Union Rates
Best auto loan rates in Parma, OH
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 1–10 of 10 in Parma, OH · median 5.36% APR
- 4.99%APRas low as
Terms
Rate is as low as.
Auto loan score 80 · Carrot Score 80
Rate checked · Auto loans rates on its site
Rates and branches - 4.99%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Model Year 2021-2026. Payment example $19 per $1,000. 'As low as' rate includes maximum aggregate discounts of 1.00% (0.25% discount for direct deposit/auto transfer, 0.25% for 10% down payment on vehicle purchase only, 0.25% for e-Statements with home-banking before closing, 0.25% with purchase of GAP, Warranty or Credit Life/Disability Insurance). Minimum loan requirement for the term. Rate and maximum term dependent on credit history and/or age of vehicle.
Auto loan score 79 · Carrot Score 81
Rate checked · Auto loans rates on its site
Rates and branches - 5.19%APRas low as
Terms
Rates as low as 5.19%. Same-rate financing up to 72 months for new and used vehicles. Subject to credit approval. *5.45% APR based on a $30,000 loan at the maximum term with a $225 processing fee.
Auto loan score 80 · Carrot Score 82
Rate checked · Auto loans rates on its site
Rates and branches - Ukrainian Federal Credit UnionNew Auto Loan (vehicle year 2025 - 2026) · up to 60 months
Credit union · 1 branch
5.25%APRas low as · up to 6.25%with conditions5.25% APR, up to 6.25%
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Maximum term 5 years. Base APR is 6.25%; APR as low as 5.25% includes up to 1.00% relationship discount based on approved credit.
Auto loan score 73 · Carrot Score 89
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 aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Current and previous model year vehicle, never taxed or titled, with less than 1,000 miles. APR based on $40,000 financed for 48 months, with qualifying credit, including loan processing fee of $75. Quoted rates reflect 0.25% discount for EasyPAY.
Auto loan score 66 · Carrot Score 72
Rate checked · Auto loans rates on its site
Rates and branches - Holy Family Parma Federal Credit UnionNew Cars & Used Cars (2026 – 2025, 2024) · up to 60 months
Credit union · 1 branch
5.50%APRas low as · up to 7.50%5.50% APR, up to 7.50%
Terms
Beacon Score 625 to 725+; rate varies by Beacon Score (725+: 5.50%, 675-724: 6.50%, 625-674: 7.50%)
Auto loan score 72 · Carrot Score 62
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 aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Model year 2024. Loan amount $20,000. Available to well-qualified borrowers; includes a 0.25% discount with qualifying checking account. Not available to refinance existing Dollar Bank loans.
Auto loan score 66 · Carrot Score 71
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
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 Parma, OH
10 banks and credit unions · checked Oct 16–22
- Typical
- 5.36%
- Top 10% up to
- 4.99%
- Banks, typical
- 5.69%
- Credit unions, typical
- 5.22%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Cleveland, OH metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- 7 17 Credit UnionCredit union · 2 branches
- Commstar Credit UnionCredit union · 2 branches
- Achieve CUCredit union · 3 branches