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 46–60 of 117 in Illinois · median 4.89% APR
- 4.74%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
APRs include a 0.25 percentage-point rate reduction for GenFed checking with direct deposit and a 0.50 percentage-point rate reduction for LTV below 90% (reductions can be combined). Actual APR may be higher. Financing up to 84 months on new and 72 months on used cars; maximum vehicle loan amount $250,000. Optional 90-day payment delay (interest accrues). Prepayment penalty reimbursement up to $100 when refinancing.
Auto loan score 84 · Carrot Score 79
Rate checked · Auto loans rates on its site
More details - 4.74%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Lowest rate available; requires direct deposit with Parda Federal Credit Union. Rate and term may vary based on credit score, year of collateral and loan-to-value.
Auto loan score 84 · Carrot Score 73
Rate checked · Auto loans rates on its site
More details - The Family Credit UnionNew & Used Vehicles, Trucks, Motorcycles 2023 – 2026 · up to 60 months
Credit union · 2 branches
4.74%APRas low asTerms
Up to 60 months. Includes a 10% down payment for fixed APR up to 60 months.
Auto loan score 84 · Carrot Score 84
Rate checked · Auto loans rates on its site
More details - 4.74%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
60 Month New Auto Loans. Model Year 2024 and Newer. New/Refinance. Rates displayed include the additional All-In Member Pricing interest rate discount up to 0.50% APR. Requirements: 21+ debit or credit card transactions per month (transaction count is not a combination of debit and credit card transactions; debit posted within calendar month, credit posted between 27th of previous month and 26th of current month; excludes ATM/cash) and minimum of $1,500 in direct deposit(s) and/or mobile deposit within last 31 days into qualifying account; must maintain open consumer checking account within same membership. Electronic payment indicated; add 1% for non-electronic payment method.
Auto loan score 82 · Carrot Score 89
Rate checked · Auto loans rates on its site
More details - 4.75%APRas low as
Terms
Vehicle Year 2025 and newer. Lowest rate available; actual rate reflects individual circumstances.
Auto loan score 88 · Carrot Score 88
Rate checked · Auto loans rates on its site
More details - 4.75%APRas low as
Terms
As low as rate. Actual rate and term will reflect individual circumstances, loan term, year of collateral, and credit history. Subject to credit check and approval.
Auto loan score 88 · Carrot Score 69
Rate checked · Auto loans rates on its site
More details - 4.75%APRas low as
Terms
Rate as low as 4.75% APR. New and used vehicle terms up to 84 months.
Auto loan score 88 · Carrot Score 89
Rate checked · Auto loans rates on its site
More details - 4.75%APRas low as
Terms
Model year 2026 & Newer; 72 Months
Auto loan score 88 · Carrot Score 87
Rate checked · Auto loans rates on its site
More details - 4.75%APRas low as
Terms
Applicable to 2023 - 2026 New & Used Cars, Trucks, Vans, Motorcycles. Advertised as lowest rate possible; rate based on Prime index, term, model year, and credit history.
Auto loan score 84 · Carrot Score 84
Rate checked · Auto loans rates on its site
More details - 4.75%APRas low as
Terms
Rate based on 725 credit score. 84 month term on new vehicles only based on credit score. 10% down payment required.
Auto loan score 81 · Carrot Score 78
Rate checked · Auto loans rates on its site
More details - 4.80%APRas low as
Terms
As Low As
Auto loan score 87 · Carrot Score 89
Rate checked · Auto loans rates on its site
More details - IH Mississippi Valley Credit Union2024 or Newer Auto Loan · up to 60 months
Credit union · 8 branches
4.89%APRas low asTerms
Rates based on A+ credit rating, subject to credit approval. LTV 130% or lower of the JD Power Retail Value.
Auto loan score 87 · Carrot Score 94
Rate checked · Auto loans rates on its site
More details - Taylorville Community Credit UnionNew and Used Vehicle Loans · up to 60 months
Credit union · 4 branches
4.89%APRas low asTerms
2024-New vehicles.
Auto loan score 87 · Carrot Score 91
Rate checked · Auto loans rates on its site
More details - Earthmover Credit UnionNew Vehicles- 2026 & 2025 model years less than 10000 miles Includes auto, truck, recreation vehicles, motorcycles (less than 1,000 miles) · 49–60 months
Credit union · 6 branches
4.89%APRas low as · up to 14.29%4.89% APR, up to 14.29%
Auto loan score 82 · Carrot Score 80
Rate checked · Auto loans rates on its site
More details - 4.89%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
2025 & Newer; includes automatic payment option
Auto loan score 78 · Carrot Score 68
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 Illinois
117 banks and credit unions · checked Nov 6–7
- Typical
- 4.89%
- Top 10% up to
- 4.00%
- Credit unions, typical
- 4.89%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Illinois
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Bloomington Municipal Credit UnionCredit union · 1 branch
- Acme Continental Credit UnionCredit union · 1 branch
- First Community Credit UnionCredit union · 7 branches