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.
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Top new-car loan rates
Showing 916–930 of 2,919 nationwide · median 5.00% APR
- 4.75%APRas low as
Terms
Loan rates listed are 'as low as' rates; final rate may be higher depending on creditworthiness and debt-to-income ratio. Other rates and terms are available. Promotional rates and offers may change/end without notice.
Auto loan score 85 · Carrot Score 77
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as
Terms
Rate as low as. Terms greater than 60 months require a minimum loan amount of $20,000. Rates based on creditworthiness. Enroll in direct deposit to save 0.25%; receive extra 0.25% off with 20% equity in collateral.
Auto loan score 83 · Carrot Score 80
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as
Terms
As low as 4.75% APR. Terms up to 72 months (6 years). $20,000 minimum amount financed for new auto loans over 72 months. Up to 120% financing. 0.25% APR discount for relationship banking.
Auto loan score 83 · Carrot Score 99
Rate checked · Auto loans rates on its site
Rates and branches - Cambridge Municipal Employees Federal Credit UnionNew Vehicle and Boat · up to 72 months
Credit union
4.75%APRas low asTerms
Credit score 720 - 850 (Excellent).
Auto loan score 83
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as · up to 6.25%
4.75% APR, up to 6.25%
Auto loan score 83 · Carrot Score 88
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as
Terms
Lowest rate offered. Rate determined by credit and ability to pay. Additional discounts may apply for automatic payment transfer from GVFCU checking account and direct deposit.
Auto loan score 83 · Carrot Score 80
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as
Terms
Rate discounted from 5.25%. Additional 0.25% discount available for hybrid/electric vehicles. Best rate for credit score 720-850.
Auto loan score 83 · Carrot Score 87
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as
Terms
Rate quoted is limited to A+ credit tiers only at 48 month financing; higher rates may apply based on credit worthiness and based on term selection and amount financed compared to equity. 72 month financing limited to current and previous 9 model years over $10,000 financing; 84 month financing limited to current and previous 5 model years over $30,000 financing.
Auto loan score 83 · Carrot Score 83
Rate checked · Auto loans rates on its site
Rates and branches - IBEW Local 56 Federal Credit UnionNew Vehicle Loans - All Automobiles, Trucks, Motorcycles and Motor Homes (2024 Model Year and Newer) · up to 60 months
Credit union
4.75%APRas low asAuto loan score 83 · Carrot Score 82
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as · up to 11.75%
4.75% APR, up to 11.75%
Terms
FICO score tiers range from 599 & below to 750+; lowest rate requires FICO 750+; 2020 and newer vehicles.
Auto loan score 83 · Carrot Score 76
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as
Terms
Applicable to 2023 - 2026 New & Used Cars, Trucks, Vans, Motorcycles. Advertised as lowest rate possible; rate based on Prime index, term, model year, and credit history.
Auto loan score 83 · Carrot Score 84
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as · up to 6.25%
4.75% APR, up to 6.25%
Terms
Tier 1 (700-850 credit score, max debt ratio 42%): 4.75% APR. Tier 2 (600-699 credit score, max debt ratio 38%): 5.75% APR. Tier 3 (500-599 credit score, max debt ratio 32%): 6.25% APR (requires a co-borrower with at least a 650 credit score and credit committee approval). Model years 2024–2025.
Auto loan score 83 · Carrot Score 85
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as
Auto loan score 83 · Carrot Score 77
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as
Terms
Model Year: 2023 - New. APR as low as.
Auto loan score 83 · Carrot Score 82
Rate checked · Auto loans rates on its site
Rates and branches - 4.75%APRas low as
Terms
New or 1 year old with less than 20,000 miles. Fixed rate; rate based on credit history.
Auto loan score 83 · Carrot Score 83
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
2,919 banks and credit unions · checked Oct 22–24
- 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
- Synchrony BankBank