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 16–29 of 29 in New Mexico · median 5.24% APR
- 5.25%APRas low as
Terms
Years 2019- 2026; starting at 5.25% APR
Auto loan score 78 · Carrot Score 70
Rate checked · Auto loans rates on its site
More details - 5.30%APRas low as
Terms
Model year 2027–2023. 'As low as' rate.
Auto loan score 77 · Carrot Score 83
Rate checked · Auto loans rates on its site
More details - 5.49%APRas low as
Terms
Rates start as low as 5.49% APR for new vehicles. OAC; membership required.
Auto loan score 70 · Carrot Score 66
Rate checked · Auto loans rates on its site
More details - 5.49%APRas low as · up to 17.74%
5.49% APR, up to 17.74%
Terms
APR ranges from 5.49% for 740+ credit score to 17.74% for 579 and less credit score.
Auto loan score 68 · Carrot Score 89
Rate checked · Auto loans rates on its site
More details - 5.50%APRas low as
Terms
As low as APR for 2023 or newer vehicles. Actual APR based on creditworthiness.
Auto loan score 67 · Carrot Score 73
Rate checked · Auto loans rates on its site
More details - 5.55%APRas low as
Terms
For 2023 and newer fuel-efficient vehicles (40 CMPG/CMPGe or greater).
Auto loan score 67 · Carrot Score 83
Rate checked · Auto loans rates on its site
More details - 5.69%APRas low as
Terms
Model years 2023-2027. Up to 125% financing. As low as rate assumes excellent credit history.
Auto loan score 71 · Carrot Score 94
Rate checked · Auto loans rates on its site
More details - First Financial Credit UnionNew & Used Vehicles (Up to 5 Years Old) · up to 60 months
Credit union · 19 branches
5.69%APRas low asTerms
Maximum term 60 months; estimated monthly payment $384.00 on $20,000 loan.
Auto loan score 66 · Carrot Score 96
Rate checked · Auto loans rates on its site
More details - 5.75%APRas low as
Terms
Rates effective for current and past three model years. Assumes excellent credit history. Simple interest with no pre-payment penalty. Up to 135% financing available for qualified applicants. Approximate monthly payment is $358.82 on a $20,000 loan.
Auto loan score 69 · Carrot Score 80
Rate checked · Auto loans rates on its site
More details - 5.99%APRas low as
Terms
Applies to New or used 2022-2026 cars & trucks. Maximum terms apply.
Auto loan score 64 · Carrot Score 81
Rate checked · Auto loans rates on its site
More details - 6.69%APRas low as
Terms
New Auto: Vehicle may be up to two years old with less than 25,000 miles. APR based on applicant's credit history at time of application processing.
Auto loan score 62 · Carrot Score 62
Rate checked · Auto loans rates on its site
More details - 6.74%APRas low as · up to 15.74%
6.74% APR, up to 15.74%
Terms
Credit tiers A-D available.
Auto loan score 62
Rate checked · Auto loans rates on its site
More details - Santa Fe Federal Credit UnionNew and Used Vehicles (2026 - 2021) · up to 84 months
Credit union · 1 branch
6.99%APRas low asTerms
Fixed Rate. New Vehicles Only.
Auto loan score 81 · Carrot Score 82
Rate checked · Auto loans rates on its site
More details - 6.99%APRas low as
Terms
Up to 100% financing. Rate is for a credit score of 740 or higher and 5 years or less financing.
Auto loan score 61 · Carrot Score 62
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 New Mexico
29 banks and credit unions · checked Oct 23–29
- Typical
- 5.24%
- Top 10% up to
- 4.52%
- Credit unions, typical
- 5.24%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
New Mexico
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- America First Credit UnionCredit union · 1 branch
- State Employees Credit UnionCredit union · 8 branches
- First Financial Credit UnionCredit union · 19 branches