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 1–8 of 8 in Michigan City, IN metro · median 5.62% APR
- 4.50%APRas low as · up to 18.00%
4.50% APR, up to 18.00%
Terms
Loan rates vary due to Risk Based Lending Guidelines.
Auto loan score 89 · Carrot Score 86
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 - 5.46%APRas low as
Terms
49 - 60 months.
Auto loan score 75 · Carrot Score 84
Rate checked · Auto loans rates on its site
Rates and branches - Tech Credit UnionCar - Truck - Harley Davidson Loan Special! · up to 75 months
Credit union · 1 branch
5.49%APRas low aswith conditionsThis rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Without auto debit. Applicant must have a 640+ credit score (if joint, at least one applicant must have 640+). 2019-2021 vehicles eligible up to 60 months; newer model years up to 75 months.
Auto loan score 73 · Carrot Score 69
Rate checked · Auto loans rates on its site
Rates and branches - 5.75%APRas low as · up to 9.49%
5.75% APR, up to 9.49%
Terms
Rates range from 5.75% APR for Excellent credit to 9.49% APR for Fair credit. Actual APR determined at disbursement based on application and credit history.
Auto loan score 68 · Carrot Score 91
Rate checked · Auto loans rates on its site
Rates and branches - 5.89%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Up to 60 months. Diamond Status My Member Perks.
Auto loan score 68 · Carrot Score 84
Rate checked · Auto loans rates on its site
Rates and branches - 6.24%APRas low as
Terms
Based on 60 months and $45,000 financing amount with $0 down payment for online applicants with excellent credit. Rate discount of 0.25% may be available for Chase customers maintaining an average daily combined balance of $150,000 or more across eligible accounts.
Auto loan score 64 · Carrot Score 60
Rate checked · Auto loans rates on its site
Rates and branches - 6.29%APRas low as
Terms
Model years 2025 - 2026. Rates based on evaluation of credit history.
Auto loan score 62 · Carrot Score 65
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 Michigan City, IN metro
8 banks and credit unions · checked Oct 15–22
- Typical
- 5.62%
- Top 10% up to
- 5.09%
- Banks, typical
- 5.79%
- Credit unions, typical
- 5.62%
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 City, IN metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Members Advantage Credit UnionCredit union · 2 branches
- LaPorte Community Federal Credit UnionCredit union · 3 branches
- Flagstar BankBank · 1 branch