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 106–117 of 117 in Illinois · median 4.89% APR
- 5.54%APRas low as
Terms
As low as; purchase or refinance. $895 one-time program fee.
Auto loan score 69 · Carrot Score 83
Rate checked · Auto loans rates on its site
More details - 5.70%APRas low as
Auto loan score 67 · Carrot Score 66
Rate checked · Auto loans rates on its site
More details - Cornerstone Credit UnionNew/Used Cars, Trucks & Vans (2023-2024) · up to 60 months
Credit union · 3 branches
5.74%APRas low asTerms
Rate available to highly qualified members. Payment of $192.12 based on $10,000 financed.
Auto loan score 66 · Carrot Score 74
Rate checked · Auto loans rates on its site
More details - 6.00%APRas low as
Terms
Base rate. Available discounts: subtract 0.25% for State of Illinois payroll/pension deduction, subtract 0.25% for relationship pricing.
Auto loan score 84 · Carrot Score 85
Rate checked · Auto loans rates on its site
More details - 6.04%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Model year 2025 or newer. Stated APR includes 1% Digital Banking/eStatements discount and 1% electronic auto-pay discount.
Auto loan score 64 · Carrot Score 62
Rate checked · Auto loans rates on its site
More details - 6.50%APRas low as
Terms
APR as low as. Rates based on individual credit history.
Auto loan score 72 · Carrot Score 71
Rate checked · Auto loans rates on its site
More details - 7.25%APRas low as · up to 13.25%
7.25% APR, up to 13.25%
Auto loan score 61 · Carrot Score 89
Rate checked · Auto loans rates on its site
More details - Northwest Municipal Federal Credit UnionVehicle Secured Loans: Auto/Truck 2024-Current Model Year · up to 60 months
Credit union · 1 branch
7.49%APRas low asTerms
New/used
Auto loan score 60 · Carrot Score 86
Rate checked · Auto loans rates on its site
More details - 7.74%APRas low as
Terms
Vehicle Years: New 2024-2025
Auto loan score 77 · Carrot Score 95
Rate checked · Auto loans rates on its site
More details - 7.75%APRas low as
Terms
Up to 84 months; 84-month term available on new vehicles only; minimum $40,000 loan amount.
Auto loan score 65 · Carrot Score 77
Rate checked · Auto loans rates on its site
More details - 7.79%APRas low as
Terms
New Corvette & High-End Elite. Stated as APR as low as based on creditworthiness.
Auto loan score 63 · Carrot Score 81
Rate checked · Auto loans rates on its site
More details - 10.00%APRas low as
Terms
Fully Secured Vehicles. Rates may vary depending on special promotions throughout the year.
Auto loan score 79
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