Compare Bank & Credit Union Rates
Best auto loan rates in Tennessee
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 16–30 of 100 in Tennessee · median 4.99% APR
- 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 - 4.39%APRas low as · up to 15.99%
4.39% APR, up to 15.99%
Terms
Within 3 most recent model years and less than 25,000 miles. Finance up to 135% of MSRP or NADA Retail.
Auto loan score 87 · Carrot Score 94
Rate checked · Auto loans rates on its site
Rates and branches - 4.39%APRas low as · up to 11.89%
4.39% APR, up to 11.89%
Terms
New & Used vehicles with 25,000 miles or less. Loan amount over $30,000 required to qualify for up to 84 months terms. Rates depend on credit strength and collateral. Credit approval required. Insurance proof required.
Auto loan score 85 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as
Terms
As low as 4.49% APR. Terms up to 84 months (approximate term used to calculate payments for open-end loan products). Rate based on creditworthiness and term of loan.
Auto loan score 89 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Rate 'as low as'. APR requires full direct deposit; to qualify for the 0.50% direct deposit discount, a minimum of $1,000 per month in direct deposits for two consecutive months is required. Up to 120% financing on approved credit.
Auto loan score 89 · Carrot Score 92
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as
Terms
Stated 'rates as low as 4.49% APR' apply to well-qualified applicants with credit scores of 760, loan terms of 36 months, and vehicles with less than 80,000 miles. Loan term, loan to value (LTV), and/or down payment may vary based on credit history. Flexible terms available up to 96 months. Payment example: 36 monthly payments of approximately $29.80 per $1,000 borrowed at 4.49% APR.
Auto loan score 89 · Carrot Score 97
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as
Terms
Lowest available rate for 60 months; rate based on credit score and term; subject to credit approval.
Auto loan score 89 · Carrot Score 96
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as
Terms
Up to 25,000 miles; Up to 135% of Retail; Max Backend – 20% of MSRP or the NADA Retail or $8,500, whichever is less (SCCU GAP in addition).
Auto loan score 89 · Carrot Score 92
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as
Terms
Rate is 'as low as'. Rate based on creditworthiness and term of loan. Requires $35 non-refundable loan application fee and credit approval.
Auto loan score 89 · Carrot Score 94
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as · up to 17.99%
4.49% APR, up to 17.99%
Terms
Rates range from 4.49% to 17.99% APR. Terms vary up to 84 months. A lower interest rate comes with a shorter-term loan.
Auto loan score 89 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - Knoxville Law Enforcement Federal Credit UnionNew Auto, Motorcycle · up to 72 months
Credit union · 1 branch
4.49%APRas low asTerms
Fixed rate. Up to 72 months term. Rates subject to change and based on individual credit ratings.
Auto loan score 88 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as
Auto loan score 86
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as · up to 5.49%
4.49% APR, up to 5.49%
Terms
Rate based on creditworthiness and term of loan.
Auto loan score 86 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as
Auto loan score 85 · Carrot Score 71
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Rates as low as 4.49% APR. Includes 0.50% automatic payment discount from checking account. 73-84 month terms available for vehicles within 3 model years or less; shorter terms may be required to qualify for APR.
Auto loan score 85 · Carrot Score 80
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 Tennessee
100 banks and credit unions · checked Oct 15–22
- Typical
- 4.99%
- Top 10% up to
- 4.08%
- Banks, typical
- 6.12%
- Credit unions, typical
- 4.75%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Tennessee
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Knoxville TVA Employees Credit UnionCredit union · 24 branches
- LGWFCUCredit union · 1 branch
- Bowater Credit UnionCredit union · 5 branches