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 61–75 of 138 in Michigan · median 5.00% APR
- 4.99%APRas low as
Terms
Rate applies to New 2025-2026 Vehicles. Fixed rate. Individual rates vary and are dependent on individual credit history and other factors including LTV and term.
Auto loan score 81 · Carrot Score 87
Rate checked · Auto loans rates on its site
More details - 4.99%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Model Year New 2024-2025. 0 down payment. With auto pay from your UCCU saving or checking account.
Auto loan score 81 · Carrot Score 78
Rate checked · Auto loans rates on its site
More details - 4.99%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Rate as low as 4.99%* (up to 42 months). Terms available up to 90 months. Advertised rate includes 0.25% APR rate discount using 20,000 VIP Lifetime Reward Points; standard rate is 0.25% higher without reward points. Subject to credit approval. Loan discount available only on new loans to KCCU. Hybrid/Electric vehicles may receive an additional 0.25% rate reduction. Rates may vary based on term. Model years: 2 model years and newer.
Auto loan score 80 · Carrot Score 92
Rate checked · Auto loans rates on its site
More details - 4.99%APRas low as
Terms
Rate as low as 4.99% APR for terms up to 84 months. Individual APR is determined based on credit score.
Auto loan score 79 · Carrot Score 72
Rate checked · Auto loans rates on its site
More details - 4.99%APRas low as
Terms
Starting at 4.99% APR for up to 60 months.
Auto loan score 78 · Carrot Score 84
Rate checked · Auto loans rates on its site
More details - 4.99%APRas low as
Terms
Model year 2024 & Newer. APR as low as; varies based on terms and creditworthiness. Monthly payment per $1,000 borrowed is $18.87. Active checking account with direct deposit and autopay qualifies for a 0.50% discount off posted rate tiers.
Auto loan score 77 · Carrot Score 87
Rate checked · Auto loans rates on its site
More details - 4.99%APRas low as
Terms
Lowest rate available to qualifying members in highest credit tier. New Automobiles only at 72 months term; loan must be $20,000.00 or more.
Auto loan score 77 · Carrot Score 80
Rate checked · Auto loans rates on its site
More details - 5.00%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Model year 2021 and Newer. With Direct Deposit.
Auto loan score 83 · Carrot Score 80
Rate checked · Auto loans rates on its site
More details - 5.00%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Up to 60 Months.
Auto loan score 78 · Carrot Score 67
Rate checked · Auto loans rates on its site
More details - 5.00%APRas low as
Terms
Rates listed are as low as depending on credit score.
Auto loan score 78 · Carrot Score 74
Rate checked · Auto loans rates on its site
More details - 5.09%APRas low as
Terms
Autos 2018 - Newer. Payment per $1,000 borrowed based on maximum term is $18.92/mo.
Auto loan score 82 · Carrot Score 82
Rate checked · Auto loans rates on its site
More details - 5.10%APRas low as · up to 17.95%
5.10% APR, up to 17.95%
Auto loan score 78 · Carrot Score 89
Rate checked · Auto loans rates on its site
More details - 5.14%APRas low as
Terms
APR as low as based on creditworthiness and underwriting standards. Up to 0.50% rate discount for all-electric/plug-in electric vehicles and switching to eStatements.
Auto loan score 82 · Carrot Score 86
Rate checked · Auto loans rates on its site
More details - 5.14%APRas low as
Terms
For model years 2023 and newer. Credit score requirement: 751+ (A+).
Auto loan score 82 · Carrot Score 75
Rate checked · Auto loans rates on its site
More details - Isabella Community Credit UnionAutomobiles, Cars, and Light Trucks · up to 60 months
Credit union · 4 branches
5.15%APRas low asTerms
New to 2019 vehicles. Term: Up to 60 months.
Auto loan score 82 · Carrot Score 83
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 Michigan
138 banks and credit unions · checked Nov 6–7
- Typical
- 5.00%
- Top 10% up to
- 4.42%
- Credit unions, typical
- 5.00%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Michigan
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Settlers Federal Credit UnionCredit union · 2 branches
- Great Lakes First Federal Credit UnionCredit union · 2 branches
- Dow Credit UnionCredit union · 2 branches