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 15 in Springfield, MA metro · median 5.64% APR
- 4.49%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Payment per $1,000 borrowed is $18.64. Assumes automatic payment from MMFCU account (add 0.25% if paying manually).
Auto loan score 89 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - BrightBridge Credit UnionAuto Loans (Model Years 2026 - 2021) · 49–66 months
Credit union · 3 branches
4.99%APRas low aswith conditionsThis rate needs a checking account, direct deposit or relationship with the lender.
Terms
Includes 0.50% relationship discount with qualifying $1,000/month direct deposit. APR based on $10,000 financed.
Auto loan score 83 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.99%APRas low as
Auto loan score 83 · 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
Fixed APR as low as 4.990% for A credit applicants financing less than 80% LTV, including maximum 0.35% relationship discount. Monthly payment per $1,000 borrowed is $18.87.
Auto loan score 79 · Carrot Score 72
Rate checked · Auto loans rates on its site
Rates and branches - 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 81 · Carrot Score 84
Rate checked · Auto loans rates on its site
Rates and branches - 5.24%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Rates quoted are based on 'A' credit grade and require automatic payments from a Freedom Credit Union checking account; rates are increased by 0.25% if automatic payment is not set up. Payment per $1,000 borrowed is $18.99.
Auto loan score 73 · Carrot Score 86
Rate checked · Auto loans rates on its site
Rates and branches - Polish National Credit UnionNew Automobile Loans, 2025-2026 Model Years (Never Registered) · up to 84 months
Credit union · 6 branches
5.25%APRas low aswith conditionsThis rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Based on Tier 1 credit and includes 0.25% auto-pay discount from a PNCU Perks checking account. Monthly payment is $14.25 per $1,000.
Auto loan score 69 · Carrot Score 78
Rate checked · Auto loans rates on its site
Rates and branches - 5.64%APRas low as
Terms
Advertised as-low-as APR assumes excellent borrower credit history and is specific to VA. Advertised rate does not include additional BofA Rewards interest rate discount of 0.10% to 0.50%. Rate guaranteed for 30 days from application approval.
Auto loan score 66 · Carrot Score 65
Rate checked · Auto loans rates on its site
Rates and branches - 5.99%APRas low as
Auto loan score 66 · Carrot Score 64
Rate checked · Auto loans rates on its site
Rates and branches - 6.24%APRas low as
Terms
Model Year 2026-2021; 100% of Retail of NADA Book Value LTV (up to 125% LTV available); Payment per $1,000 borrowed is $18.66 based on highest number of months in term; Minimum loan amount $2,500 for 12- to 60-Month Financing
Auto loan score 65 · Carrot Score 70
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 - 6.25%APRas low as
Terms
Vehicle model years 2025-2027. Max term 60 months. Minimum term 12 months. Minimum loan $800. Monthly payment per $1,000 is $19.45. Rate discounts available with automatic payment deduction from Perks or Rewards checking.
Auto loan score 64 · Carrot Score 82
Rate checked · Auto loans rates on its site
Rates and branches - Luso Federal Credit UnionNew Auto/Truck Loan: 2025 or Newer · up to 84 months
Credit union · 2 branches
6.45%APRas low asTerms
Up to 100% MSRP financing. Payment per $1,000 borrowed: $14.60. Requires $75 VSI insurance fee. APR based on $5,000 loan amount.
Auto loan score 63 · Carrot Score 65
Rate checked · Auto loans rates on its site
Rates and branches - 6.79%APRas low as · up to 15.69%with conditions
6.79% APR, up to 15.69%
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
To qualify for the lowest APR available (6.79%): term must be 48 months or less; collateral model year must be 2025 or newer; must have or open an M&T MyChoice Premium or Power Checking account at time of application; and automatic payment deductions from any M&T checking account must be established. Terms up to 84 months available.
Auto loan score 62 · Carrot Score 60
Rate checked · Auto loans rates on its site
Rates and branches - 7.25%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
New vehicles (model year 2026). Financing up to 100% of purchase price for loan amounts up to $50,000, 90% for $50,001–$70,000, and 80% for $70,001 or more. Rate reflects 0.250% interest rate discount with automatic payment from a Westfield Bank checking account.
Auto loan score 60
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 Springfield, MA metro
15 banks and credit unions · checked Oct 15–22
- Typical
- 5.64%
- Top 10% up to
- 4.99%
- Banks, typical
- 6.25%
- Credit unions, typical
- 5.19%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Springfield, MA metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- UMassFiveCredit union · 1 branch
- MASSMUTUALCredit union · 1 branch
- BrightBridge Credit UnionCredit union · 3 branches