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 18 in Chattanooga, TN · median 5.00% APR
- Chattanooga Federal Employees Credit UnionVehicles up to 25,000 miles · up to 60 months
Credit union · 1 branch
4.00%APRas low asTerms
As low as APR based on credit worthiness. Monthly payment per $1,000 borrowed is $18.42.
Auto loan score 94 · Carrot Score 94
Rate checked · Auto loans rates on its site
Rates and branches - 4.29%APRas low as · up to 13.19%
4.29% APR, up to 13.19%
Terms
Mileage: 0-25K Miles
Auto loan score 92 · Carrot Score 94
Rate checked · Auto loans rates on its site
Rates and branches - 4.39%APRas low as · up to 15.99%
4.39% APR, up to 15.99%
Terms
Within 3 most recent model years and less than 25,000 miles. Finance up to 135% of MSRP or NADA Retail.
Auto loan score 87 · Carrot Score 94
Rate checked · Auto loans rates on its site
Rates and branches - 4.39%APRas low as · up to 11.89%
4.39% APR, up to 11.89%
Terms
New & Used vehicles with 25,000 miles or less. Loan amount over $30,000 required to qualify for up to 84 months terms. Rates depend on credit strength and collateral. Credit approval required. Insurance proof required.
Auto loan score 85 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 4.49%APRas low as
Terms
Up to 25,000 miles; Up to 135% of Retail; Max Backend – 20% of MSRP or the NADA Retail or $8,500, whichever is less (SCCU GAP in addition).
Auto loan score 89 · Carrot Score 92
Rate checked · Auto loans rates on its site
Rates and branches - 4.50%APRas low as
Terms
Certain conditions apply. Subject to credit criteria.
Auto loan score 89
Rate checked · Auto loans rates on its site
Rates and branches - 4.50%APRas low as
Terms
New vehicle
Auto loan score 87 · Carrot Score 81
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as · up to 14.75%
4.75% APR, up to 14.75%
Auto loan score 81 · Carrot Score 67
Rate checked · Auto loans rates on its site
Rates and branches - 4.99%APRas low as · up to 5.49%
4.99% APR, up to 5.49%
Terms
80% financing of J.D. Power Consumer Vehicle Values or MSRP on vehicles 10 years old or newer; stated rates for new to 2 years old; fixed rate.
Auto loan score 83 · Carrot Score 81
Rate checked · Auto loans rates on its site
Rates and branches - 5.00%APRas low as · up to 16.00%
5.00% APR, up to 16.00%
Terms
60 months, up to 15,000 miles. Credit Score 850-750: 5.00%, 749-700: 5.50%, 699-650: 6.00%, 649-600: 11.00%, 599-500: 16.00%. Rates lowered by 0.50% if loan-to-collateral value is 80% or less.
Auto loan score 75 · Carrot Score 86
Rate checked · Auto loans rates on its site
Rates and branches - 5.00%APRas low as · up to 16.00%
5.00% APR, up to 16.00%
Terms
Up to 15,000 miles. Credit score range: 500-850. Financing 80% or less of vehicle value may qualify for a 0.50% rate discount. Rate based on creditworthiness and term of loan.
Auto loan score 74 · Carrot Score 79
Rate checked · Auto loans rates on its site
Rates and branches - Trust Federal Credit UnionNew Automobiles (up to 25,000 miles) · up to 63 months
Credit union · 3 branches
5.19%APRas low asTerms
Rate as low as 5.19% for 63 months. Vehicle up to 25,000 miles.
Auto loan score 73 · Carrot Score 73
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 - 6.00%APRas low as
Terms
Rate is as low as stated. Subject to credit approval and creditworthiness.
Auto loan score 64
Rate checked · Auto loans rates on its site
Rates and branches - 6.01%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Rates as low as 6.005% APR on loans for new or pre-owned cars and trucks with terms up to 84 months. Based on highest credit tier; includes 0.25% autopay discount and $175 processing fee. Example given for 2025 or newer vehicle, 60-month term on $20,000 loan at 5.64% interest rate (6.005% APR).
Auto loan score 64 · Carrot 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 Chattanooga, TN
18 banks and credit unions · checked Oct 15–22
- Typical
- 5.00%
- Top 10% up to
- 4.36%
- Banks, typical
- 6.12%
- Credit unions, typical
- 4.62%
How does your bank’s rate compare?
Find your bank or credit union to see all its rates and how they compare near you.
Chattanooga, TN-GA metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Peach State Federal Credit UnionCredit union · 1 branch
- Chattanooga Federal Employees Credit UnionCredit union · 1 branch
- First Jackson BankBank · 1 branch