Compare Bank & Credit Union Rates
Best auto loan rates, new and used
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 1–9 of 9 in Minnesota · median 6.09% APR
- 4.49%APRas low as
Terms
For model year 2021 and newer vehicles. Promotional rate for applications received September 1, 2026, through November 30, 2026. Purchase and refinance loans. Maximum term 72 months. No additional rate discounts apply. Subject to credit approval.
Auto loan score 84
Rate checked · Auto loans rates on its site
More details - 4.99%APRas low as
Terms
New Purchase. The loan term will be based upon the dollar amount of the loan and the age and type of collateral.
Auto loan score 81 · Carrot Score 86
Rate checked · Auto loans rates on its site
More details - 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
More details - 5.82%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
60-month term example on a $40,000 loan amount on a 2025 or newer model year vehicle at 5.64% interest rate (5.822% APR) resulting in a monthly payment of $766.63, including 0.25% autopay discount and $175 processing fee financed into the loan. Highest credit tier.
Auto loan score 69 · Carrot Score 61
Rate checked · Auto loans rates on its site
More details - 6.09%APRas low as
Terms
Based on 60 months and $45,000 financing amount with $0 down payment for online applicants with excellent credit ($870.81 monthly payment). 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. May not include a $195 loan origination fee for Indiana applications.
Auto loan score 66 · Carrot Score 60
Rate checked · Auto loans rates on its site
More details - 6.09%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Rates as low as 6.09% APR for new vehicles model years 2026 and newer with maximum term of 60 months. Includes waiver of $250 origination fee requiring an active UMB Select Checking account. No down payment required.
Auto loan score 63 · Carrot Score 88
Rate checked · Auto loans rates on its site
More details - 6.63%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Rate assumes a loan amount of $30,000, credit score of 740+, auto is 2025 or newer, financing for 60 months and payment is auto debit. New and used financing for purchase and refinancing. Rate discount for automatic payments. Debt Cancellation Coverage available for qualified borrowers.
Auto loan score 63 · Carrot Score 60
Rate checked · Auto loans rates on its site
More details - 6.75%APRas low as
Terms
Rate advertised as low as 6.75% APR.
Auto loan score 62 · Carrot Score 61
Rate checked · Auto loans rates on its site
More details - 7.50%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
With auto debit. Advertised 'as low as' rate assumes excellent borrower credit history. Actual APR may differ based on credit history, loan type, model year, term, and loan amount. Model years 2023 & newer.
Auto loan score 60 · Carrot Score 63
Rate checked · Auto loans rates on its site
More details
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
9 banks and credit unions · checked Nov 5–6
- Typical
- 6.09%
- Top 10% up to
- 4.89%
- Banks, typical
- 6.09%
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
- Mid Minnesota Federal Credit UnionCredit union · 12 branches
- Greater Community CUCredit union · 4 branches
- Altra Federal Credit UnionCredit union · 4 branches