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 1–15 of 39 in Grand Rapids, MI metro · median 5.50% APR
- 4.24%APRas low as
Terms
Rates as low as 4.24% APR. Rates may vary based on credit history, term, and collateral.
Auto loan score 93 · Carrot Score 98
Rate checked · Auto loans rates on its site
Rates and branches - 4.25%APRas low as
Terms
APR on closed-end loans determined by borrower's credit score and term of loan. Gold & Platinum members earn an interest rate discount up to 0.25% APR.
Auto loan score 92 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as
Terms
Flexible terms available. Rate subject to credit approval; terms and conditions subject to change.
Auto loan score 89 · Carrot Score 86
Rate checked · Auto loans rates on its site
Rates and branches - 4.74%APRas low as
Terms
Payment per $1,000 is $18.75.
Auto loan score 87 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 4.99%APRas low as
Terms
Rates are as low as; individual rates are based on credit performance. Will finance up to 95% of NADA retail value.
Auto loan score 83 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.99%APRas low as
Terms
Model year 2021 or newer.
Auto loan score 83 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - 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 81 · Carrot Score 91
Rate checked · Auto loans rates on its site
Rates and branches - Community First Federal Credit Union2026 New Vehicle Loan · up to 60 months
Credit union · 3 branches
4.99%APRas low asTerms
Rates as low as
Auto loan score 80 · Carrot Score 82
Rate checked · Auto loans rates on its site
Rates and branches - 4.99%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 79 · Carrot Score 69
Rate checked · Auto loans rates on its site
Rates and branches - Community West Credit UnionElectric/Hybrid Vehicle Loans (2026-2022) · up to 60 months
Credit union · 5 branches
5.30%APRas low asAuto loan score 70 · Carrot Score 87
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 - DFCU FinancialNew Vehicle with Auto Pay from DFCU Account · up to 60 months
Credit union · 4 branches
5.34%APRas low aswith conditionsThis rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
With Auto Pay from DFCU Account. Up to 60 months. Rate reflects 0.25% discount for auto pay.
Auto loan score 70 · Carrot Score 78
Rate checked · Auto loans rates on its site
Rates and branches - 5.44%APRas low as
Auto loan score 75 · Carrot Score 75
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as
Terms
Up to 100% LTV Max. Rate determined by credit score and loan to value at time of application.
Auto loan score 73 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as
Terms
Rates as low as 5.49% APR. Rate varies based on creditworthiness, underwriting standards, loan term, and vehicle age. Not all members will qualify for the lowest rate. Rate subject to change without notice.
Auto loan score 73 · Carrot Score 82
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 Grand Rapids, MI metro
39 banks and credit unions · checked Oct 5–22
- Typical
- 5.50%
- Top 10% up to
- 4.94%
- Banks, typical
- 6.37%
- Credit unions, typical
- 5.49%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Grand Rapids, MI metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Meijer Credit UnionCredit union · 3 branches
- North Central Area Credit UnionCredit union · 1 branch
- KCCUCredit union · 1 branch