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 1–14 of 14 in Bay City, MI metro · median 5.14% APR
- 4.39%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Model year: New Auto 2025 & Newer. Rates include 0.25% Relationship Discount.
Auto loan score 87 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as
Terms
Rate is as low as 4.49% APR. Rates represent the lowest rate available to qualified borrowers based on credit history. Terms depend on amount financed. 100% financing and 84 month term available to qualified borrowers.
Auto loan score 89 · Carrot Score 94
Rate checked · Auto loans rates on its site
Rates and branches - 4.79%APRas low as
Terms
2024 & Newer vehicles. Interest rate as low as 4.74%. Eligible for Take-Back. Excludes $35 processing fee.
Auto loan score 86 · Carrot Score 85
Rate checked · Auto loans rates on its site
Rates and branches - 4.90%APRas low as
Terms
As low as 4.90% APR. Maximum amount 100% purchase price of vehicle; maximum term up to 7 years.
Auto loan score 86 · Carrot Score 94
Rate checked · Auto loans rates on its site
Rates and branches - FinancialEdge Credit UnionAuto Loans Secured - 2023 and Newer · up to 66 months
Credit union · 2 branches
4.99%APRas low asTerms
As Low As rate based on creditworthiness.
Auto loan score 83 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - Financial Plus Credit UnionVehicle Loans (2026-2021 Models) · up to 60 months
Credit union · 1 branch
4.99%APRas low aswith conditionsThis rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Model years 2026-2021; with 1.00% Loyalty Discount (requires direct deposit of payroll and auto pay). Rates as low as stated, subject to creditworthiness. Direct Deposit/Auto Pay Cancellation Fee of $125.00 applies if requirements are not maintained.
Auto loan score 79 · Carrot Score 74
Rate checked · Auto loans rates on its site
Rates and branches - 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 81 · Carrot Score 82
Rate checked · Auto loans rates on its site
Rates and branches - 5.19%APRas low as
Auto loan score 80 · Carrot Score 84
Rate checked · Auto loans rates on its site
Rates and branches - 5.24%APRas low as
Auto loan score 79 · Carrot Score 76
Rate checked · Auto loans rates on its site
Rates and branches - 5.25%APRas low as
Terms
Model years 2023 - 2026. Rate is as low as based on credit score. Applies to purchases only.
Auto loan score 77 · Carrot Score 93
Rate checked · Auto loans rates on its site
Rates and branches - 5.26%APRas low as
Terms
2025 or newer vehicle. Rate is 5.10%.
Auto loan score 77 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 5.34%APRas low as · up to 20.69%with conditions
5.34% APR, up to 20.69%
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Available to well-qualified applicants. Includes a 0.25% discount for automated payment from a PNC checking account set up at loan closing; rate increases 0.25% if automated payment is discontinued. Available for 2018-2027 model year non-commercial vehicles with up to 80,000 miles (up to 100,000 miles based on credit qualifications).
Auto loan score 71 · Carrot Score 75
Rate checked · Auto loans rates on its site
Rates and branches - ELGA Credit UnionNew Auto Loan Rates & Used Auto Loan Rates (By Model Year) · up to 72 months
Credit union · 2 branches
5.50%APRas low aswith conditionsThis rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Model Years 2021 – 2026. Includes 0.50% rate reduction for direct deposit and automatic payments from ELGA Credit Union account.
Auto loan score 72 · Carrot Score 78
Rate checked · Auto loans rates on its site
Rates and branches - 6.62%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Rate includes discount for auto pay through Independent Bank checking or savings account (6.49% interest rate / 6.62% APR). Available for credit score 750 or greater, automobiles 2023 and newer, and loan amounts greater than $1,000. Standard processing fee of $175.00 applies.
Auto loan score 62 · Carrot Score 62
Rate checked · Auto loans rates on its site
Rates and branches
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 Bay City, MI metro
14 banks and credit unions · checked Oct 16–22
- Typical
- 5.14%
- Top 10% up to
- 4.58%
- Banks, typical
- 5.98%
- Credit unions, typical
- 5.04%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Bay City, MI metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- United Financial Credit UnionCredit union · 3 branches
- Lake Huron Credit UnionCredit union · 1 branch
- Sunrise Family Credit UnionCredit union · 2 branches