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.
Choose a location to see banks and credit unions with a branch near you.
Top new-car loan rates
Showing 2011–2025 of 2,912 nationwide · median 5.00% APR
- 5.49%APRas low as · up to 14.69%with conditions
5.49% APR, up to 14.69%
This rate needs autopay and a checking account, direct deposit or relationship with the lender.
Terms
Up to 100% Financing
Auto loan score 73 · Carrot Score 72
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 - 5.49%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
With VIP Perks Discount. The discount is applied to the loan as a rebate to the loan balance each month that VIP Perks status is maintained. Rate determined by credit experience.
Auto loan score 73 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as · up to 13.74%
5.49% APR, up to 13.74%
Terms
Model years 2023–Newer. APR range across credit score tiers C (600–639, 90% LTV, max $40,000) to A+ (730 & UP, 100% LTV, max $100,000). Best-credit rate 5.49% requires credit score 730 & UP.
Auto loan score 73 · Carrot Score 65
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as
Terms
Lowest possible APR based on credit and underwriting for qualified borrowers. 72 month-term eligible on vehicles with loan amounts greater than $30,000. For 2021 or newer automobiles.
Auto loan score 73 · Carrot Score 80
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
Featured rate as low as 5.49% APR for New Auto Loans. Rates good as of October 1, 2026.
Auto loan score 73 · Carrot Score 80
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as
Terms
Rates as low as 5.49% APR. Up to 100% financing. Fixed rate. Rate may vary based on creditworthiness.
Auto loan score 73 · Carrot Score 94
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as · up to 16.99%
5.49% APR, up to 16.99%
Terms
Vehicle model years 2023 – 2026.
Auto loan score 73 · Carrot Score 71
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as
Terms
Available to borrowers with excellent credit history; with approved credit. Some restrictions may apply. Fixed rate.
Auto loan score 73 · Carrot Score 89
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as
Terms
Vehicle model years 2021-2026. Actual loan rate determined by creditworthiness. If the balance is over $50,000, loan qualifies for a discount of 1% for the first six months.
Auto loan score 73 · Carrot Score 92
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as
Terms
Rates as low as 5.49% for 72 months. Rate based on creditworthiness and term. Vehicles up to 12 years old or newer, max 100,000 miles for used vehicles; up to 125% financing.
Auto loan score 73 · Carrot Score 62
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as · up to 16.74%
5.49% APR, up to 16.74%
Terms
Rates starting at 5.49% APR; standard APR ranges from 5.49% to 16.74% based on credit worthiness, age of vehicle, and terms of the loan. Financing up to retail value available. Optional 90-day no payment promotion defers first payment for 90 days from loan origination date (interest accrues during deferral period).
Auto loan score 73 · Carrot Score 75
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as
Terms
Rates as low as 5.49% APR. Terms up to 75 months (5 years). First payment deferred up to 90 days for qualified direct financing.
Auto loan score 73 · Carrot Score 76
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
Standard rate as low as 5.49% APR for 60 months based on credit approval. Available for new and used vehicles.
Auto loan score 73 · Carrot Score 82
Rate checked · Auto loans rates on its site
Rates and branches - 5.49%APRas low as · up to 16.24%
5.49% APR, up to 16.24%
Terms
Model years 2022-2026. Rate depends on credit score grade (730+ / A+: 5.49% to 549-LESS / E: 16.24%).
Auto loan score 73 · Carrot Score 66
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 nationwide
2,912 banks and credit unions · checked Oct 22–28
- Typical
- 5.00%
- Top 10% up to
- 4.25%
- Banks, typical
- 6.62%
- Credit unions, typical
- 4.99%
How does your bank’s rate compare?
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Nationwide
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Quorum Federal Credit UnionCredit union
- Popular DirectBank