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 Rhode Island · median 5.82% APR
- 3.99%APRas low as
Terms
Available on 2026 model year and newer vehicles with terms up to 78 months. Requires a minimum FICO score of 760. Subject to credit approval.
Auto loan score 94 · Carrot Score 91
Rate checked · Auto loans rates on its site
Rates and branches - 4.29%APRas low as
Terms
As low as rate for 37-60 months on new vehicles (2025 and newer model years). Assumes excellent credit.
Auto loan score 88 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Fixed rate as low as 4.75% APR for terms up to 7 years (84 months). Maximum loan amount up to $75,000.
Auto loan score 89 · Carrot Score 80
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
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
Terms
Term 5 Years. Repayment example $18.88 per $1,000 borrowed.
Auto loan score 80 · 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
New vehicles only. Monthly payment per $1,000 is $18.98. Includes a 0.25% autopayment discount from CMECU checking account.
Auto loan score 70 · Carrot Score 83
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as
Terms
Model years 2025-2026. Monthly payment $14.37 per $1,000 borrowed. Rates are the lowest rates available and are determined by individual creditworthiness. All rates are subject to change without notice. Other rates and terms available.
Auto loan score 73 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Model years 2023-2026. Advertised APR is lowest available based on a credit score of 700 and maximum LTV of 120% of retail or MSRP value. Published rate includes a 0.25% discount for automatic payments from an internal People's checking account.
Auto loan score 67 · Carrot Score 75
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 aswith conditions
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
NEW 2025-2026 model year; includes 0.25% auto-pay deduction from Navigant CU checking
Auto loan score 65 · Carrot Score 83
Rate checked · Auto loans rates on its site
Rates and branches - Westerly Community Credit UnionNew Auto Loans 2025 and Newer · up to 60 months
Credit union · 5 branches
5.99%APRas low aswith conditionsThis rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Monthly payment $19.34 per $1000 Borrowed. Rates reflect 1.00% autopay discount with WCCU Checking Account and credit score 720+.
Auto loan score 65 · Carrot Score 82
Rate checked · Auto loans rates on its site
Rates and branches - 6.00%APRas low as
Terms
Rate as low as 6.00% APR. Requires 10% down payment or GAP coverage.
Auto loan score 64 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 6.09%APRas low as
Terms
Model years 2025-2026. Credit score of 730 or higher and mileage under 100,000 required for lowest rate. Repayment example: 60 monthly payments of $19.37 per $1,000 borrowed at 6.09% APR.
Auto loan score 65 · Carrot Score 89
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 - 6.75%APRas low as
Terms
New Vehicle (2026/2027). Max term 72 months. Payment per $1,000 is $19.69. Adjustable rate available at 1/2% discount. 1/4% rate discount with automatic payment from MFB deposit account.
Auto loan score 62 · Carrot Score 76
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 Rhode Island
18 banks and credit unions · checked Oct 15–22
- Typical
- 5.82%
- Top 10% up to
- 4.61%
- Banks, typical
- 6.75%
- 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.
Rhode Island
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Shoreham BankBank · 3 branches
- Coastal1 Credit UnionCredit union · 18 branches
- Ocean State Credit UnionCredit union · 6 branches