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 2206–2220 of 2,904 nationwide · median 5.00% APR
- 5.55%APRas low as
Terms
New Autos (upcoming, current & previous vehicle model years - under 10,000 miles). As low as rate.
Auto loan score 67 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 5.55%APRas low as
Terms
For 2023 and newer fuel-efficient vehicles (40 CMPG/CMPGe or greater).
Auto loan score 67 · Carrot Score 83
Rate checked · Auto loans rates on its site
Rates and branches - Palmetto Citizens Federal Credit UnionNew & Used Automobile or Truck (2023-New) · 49–60 months
Credit union
5.55%APRas low asAuto loan score 67 · Carrot Score 78
Rate checked · Auto loans rates on its site
Rates and branches - 5.55%APRas low as
Terms
As low as APR. Rate determined by creditworthiness, loan terms, mileage, age of collateral, and amount borrowed.
Auto loan score 67 · Carrot Score 79
Rate checked · Auto loans rates on its site
Rates and branches - 5.55%APRas low aswith conditions
This rate needs a checking account, direct deposit or relationship with the lender.
Terms
*As low as rates include all available discounts. Not all applicants qualify your rate may be different. Amount financed allowable on all Used Vehicles: Average Loan from Retail of NADA Retail Value Amount financed allowable on all New Vehicles: Total Purchase Price (includes MSRP, tax, title and tags)
Auto loan score 65 · Carrot Score 61
Rate checked · Auto loans rates on its site
Rates and branches - 5.56%APRas low as
Terms
Example based on borrowing $30,000 with a $249 loan processing fee (total loan amount $30,249) on a 5-year loan at an interest rate of 5.24% yielding 5.558% APR. Actual interest rate and APR may vary.
Auto loan score 72 · Carrot Score 81
Rate checked · Auto loans rates on its site
Rates and branches - 5.56%APRas low as
Terms
Rates as low as.
Auto loan score 72 · Carrot Score 67
Rate checked · Auto loans rates on its site
Rates and branches - 5.59%APRas low as
Terms
Rate based on $40,000 loan amount for 60 months, 100% loan to value (LTV), with a monthly payment of $764.05.
Auto loan score 82 · Carrot Score 91
Rate checked · Auto loans rates on its site
Rates and branches - 5.59%APRas low as
Terms
2024 – 2026 Models
Auto loan score 72 · Carrot Score 83
Rate checked · Auto loans rates on its site
Rates and branches - 5.59%APRas low as
Terms
Vehicle model year 2021 and newer (2021+). Sample payment is $23.30 per $1,000 borrowed for 48 months. Base rate requires a credit score of 740 or higher.
Auto loan score 72 · Carrot Score 77
Rate checked · Auto loans rates on its site
Rates and branches - 5.59%APRas low as
Terms
Member-special rate; non-member rates may be 1.50% higher. Up to 110% financing. Rate may vary based on amount financed, term, first payment, collateral value, and mileage. Extended terms must meet credit qualifications.
Auto loan score 72 · Carrot Score 72
Rate checked · Auto loans rates on its site
Rates and branches - 5.59%APRas low as
Terms
Available for 2023 & newer vehicles. Monthly payment per $1,000 borrowed is $19.14.
Auto loan score 72 · Carrot Score 73
Rate checked · Auto loans rates on its site
Rates and branches - 5.59%APRas low as
Terms
Model Yr 2024-26; Save an additional 0.25% with 25% equity in vehicle
Auto loan score 72 · Carrot Score 98
Rate checked · Auto loans rates on its site
Rates and branches - 5.59%APRas low as
Terms
$20k & up loan amount. 72 Month Max. Rates as low as stated; APR can vary based on creditworthiness and terms.
Auto loan score 72 · Carrot Score 74
Rate checked · Auto loans rates on its site
Rates and branches - 5.59%APRas low as
Terms
Repayment amount is $17.64 per $1,000 borrowed for 66 monthly payments at 5.59% APR. Rate determined by credit history.
Auto loan score 72 · Carrot Score 73
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
2,904 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