Best Auto Loan Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Star Ratings
- Finance Calculators
Current highly competitive auto loan options include: Otero Federal Credit UnionOtero Federal Credit Union3300 N White Sands Blvd Unit A, Alamogordo, NM, 88310A+5.0 ★Texas Ratio: 1.12%'s Repossessed Vehicles Loan has an APR of 1.99%, Boulevard Federal Credit UnionBoulevard Federal Credit Union2787 Niagara Falls Blvd, Amherst, NY, 14228A+5.0 ★Texas Ratio: 0.56%'s Auto Loan has an APR of 1.99%, Boulevard Federal Credit UnionBoulevard Federal Credit Union2787 Niagara Falls Blvd, Amherst, NY, 14228A+5.0 ★Texas Ratio: 0.56%'s New Car Loans has an APR of 1.99%, LONGSHOREMENS LOCAL 4LONGSHOREMENS LOCAL 41209 Ingalls St, Vancouver, WA, 98660 2722A+5.0 ★Texas Ratio: 0.85%'s New vehicle Loan has an APR of 1.99%, and LONGSHOREMENS LOCAL 4LONGSHOREMENS LOCAL 41209 Ingalls St, Vancouver, WA, 98660 2722A+5.0 ★Texas Ratio: 0.85%'s Used vehicle (1-2 years old) Loan has an APR of 1.99%. Auto loan rates as of Aug 31, 2026 according to verified data from MonitorBankRates.
Finding the lowest auto loan rate can save you thousands of dollars over the life of your loan. Whether you are buying a new vehicle from a dealership or financing a pre-owned car, comparing current loan options across top-rated lenders is critical.
We empower borrowers with transparent, proprietary financial health metrics—including A-F Safety Grades, verified Star Ratings, and Texas Ratios—ensuring you can confidently choose a stable, highly-rated institution for your next vehicle purchase.
Auto loan rates reflect recent market quotes and representative offers available to borrowers. Auto Loan Rates Last Updated and Verified: Aug 31, 2026
Auto Loan Rates
As Low As
As low as; Models 2024-2026
As low as; Rates effective 09/01/2025. Creditworthiness factors, and other loan terms may affect the actual rate offered. Other conditions may apply.
As low as
No additional details provided.
No additional details provided.
No additional details provided.
For all 1 yr. old or newer vehicles. Cars, trucks, RVs or tractors. Pending credit approval
Above Dividend Rate; Equal to Shares; Salvage Titles add 2.50% to pre-owned rates. Recreational Vehicles, Boats, and Motorcycles add 1% to Auto Loan rates.
As Low As; With Approved Credit
As Low As; With Approved Credit
As Low As; With Approved Credit
No additional details provided.
Tier A+
No additional details provided.
20 - 21
As Low As; With Approved Credit
As Low As; With Approved Credit
As Low As; With Approved Credit
As Low As; With Approved Credit
Example: Vehicle's NADA Clean Retail Value is $25K and you finance only $20K on a new to 2 year old vehicle, (and the best credit score) THEN 2.25% APR, 60 months = Rate per $1,000 borrowed monthly factor is $17.65. A loan financing $20,000 would be a monthly payment of $353.16 before any add-ons, such as Credit Insurance, GAP+ADR or Extended Warranty.
As low as; Member's agreeing to pay their loans via electronic funds transfer may qualify for a 1/4 of 1% reduction in APR.
No additional details provided.
No additional details provided.
No additional details provided.
No additional details provided.
As Low As
As Low As; Fixed
No additional details provided.
Score: 700 and Up (Max $60,000 and Up)
As Low As; Subject to credit approval and creditworthiness. Valid on vehicles model year 2021 and newer. New money only. Other restrictions may apply. Offer may end at any time. Promotion ended August 3, 2026.
As low as 2.50% APR. Rates of 2.50% to 14.90% APR available depending on term. Rate assumes discount of up to 1.00%. Vehicle discounts include the purchase of vehicle protection products, setting up direct deposit, automatic payments, and a down payment. Credit subject to approval. Must be a member in good standing.
Motorcycles are 1.00% higher than the auto rates above.
Amount Down: 50%
50% Down
Credit Score: A++ 750+
No additional details provided.
No additional details provided.
As Low As; No Payments for 90 Days
2026, 2025, 2024
No additional details provided.
No additional details provided.
Must add 1% to vehicles >100k miles. Must use J.D. Power retail on new 2019 models.
As Low As; Must add 1% to vehicles >100k miles Must use J.D. Power retail on new 2019 models
New Vehicle (2019 - 2022)
7 year term available for loans $40,000+ ONLY
***6 year term available for loans $28,000+ ONLY
100% Financing
Score: 700 and Up (Max $50,000 and Up)
80% Retail Value
New Auto Auto Loan Rates
As low as; Rates effective 09/01/2025. Creditworthiness factors, and other loan terms may affect the actual rate offered. Other conditions may apply.
As low as
No additional details provided.
For all 1 yr. old or newer vehicles. Cars, trucks, RVs or tractors. Pending credit approval
As Low As; With Approved Credit
Tier A+
20 - 21
As Low As; With Approved Credit
Example: Vehicle's NADA Clean Retail Value is $25K and you finance only $20K on a new to 2 year old vehicle, (and the best credit score) THEN 2.25% APR, 60 months = Rate per $1,000 borrowed monthly factor is $17.65. A loan financing $20,000 would be a monthly payment of $353.16 before any add-ons, such as Credit Insurance, GAP+ADR or Extended Warranty.
As low as; Member's agreeing to pay their loans via electronic funds transfer may qualify for a 1/4 of 1% reduction in APR.
No additional details provided.
As Low As
As Low As; Fixed
Score: 700 and Up (Max $60,000 and Up)
Amount Down: 50%
50% Down
Credit Score: A++ 750+
No additional details provided.
Must add 1% to vehicles >100k miles. Must use J.D. Power retail on new 2019 models.
As Low As; Must add 1% to vehicles >100k miles Must use J.D. Power retail on new 2019 models
New Vehicle (2019 - 2022)
7 year term available for loans $40,000+ ONLY
100% Financing
80% Retail Value
Amount Down: 25%-49%
25%-49% Down
25%-49% Down
Credit Score: A+ 720-749
As low as 2.89%; 72 month term rates begin at 2.99%; Financing available up to 100% of value
100% Financing
No additional details provided.
A+ (800+)
As Low As
No additional details provided.
No additional details provided.
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As Low As
As Low As; 12-month Intro APR; Followed by APR* As Low As 4.75%
As low as; 2025 & newer
As Low As; With qualifying credit and direct deposit with automatic payment.
As Low As
As Low As; Rate is "as low as" and may change based on credit history, term, and other determining factors. The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender. For additional terms, please contact our Lending department at 586-466-7800 opt. 3
As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
over $15,000; Must add 1% to vehicles >100k miles. Must use J.D. Power retail on new 2019 models.
over $15,000; As Low As; Must add 1% to vehicles >100k miles Must use J.D. Power retail on new 2019 models
New Vehicle (Cost over $15,000)
No additional details provided.
Rates below are based on a minimum credit score of 700.
Score: 700 and Up (Max $60,000 and Up)
Collateral Value: 100% LTV
Used Auto Auto Loan Rates
No additional details provided.
No additional details provided.
As Low As; With Approved Credit
As Low As; With Approved Credit
No additional details provided.
As Low As; With Approved Credit
As Low As; With Approved Credit
As Low As; With Approved Credit
As low as; Member's agreeing to pay their loans via electronic funds transfer may qualify for a 1/4 of 1% reduction in APR.
As Low As
No additional details provided.
No additional details provided.
***6 year term available for loans $28,000+ ONLY
Score: 700 and Up (Max $50,000 and Up)
As Low As; With Approved Credit
As Low As; With Approved Credit
As Low As; With Approved Credit
As Low As; With Approved Credit
As low as 2.89%; 72 month term rates begin at 2.99%
No additional details provided.
As Low As
A+ (800+)
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As Low As
As low as; 2020-2025
As Low As; With qualifying credit and direct deposit with automatic payment.
No additional details provided.
No additional details provided.
As Low As; Rate is "as low as" and may change based on credit history, term, and other determining factors. The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender. For additional terms, please contact our Lending department at 586-466-7800 opt. 3
As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
Refinance Options Available
As Low As; Maximum term to 36 months
Rates based on a FICO score 720 or above and subject to change. APR rates are shown with a 0.25% discount rate for automatic payment transfers and for having a checking account.
Fixed
As Low As; Minimum Financing of $10,000 for 60 Months
As Low As
No additional details provided.
Must add 1% to vehicles >100k miles. Must use J.D. Power retail on new 2019 models.
As Low As; Must add 1% to vehicles >100k miles Must use J.D. Power retail on new 2019 models
Used Vehicle (2015 - 2018)
As low as
Rates as low as*
As low as
As low as
Score: 700 and Up (Max $50,000 and Up)
Collateral Value: 100% LTV
Finance up to 125% MSRP (new vehicles) or NADA (used vehicles)2; No prepayment penalties; Refinance existing Auto Loans for cash out or lower payments; Take a pre-approved loan to the dealer when you shop; Keys FCU is an ITIN-approved lender!
No additional details provided.
Rates shown include a 1.00% APR discount for members with an active direct deposit and a 0.25% APR discount for a 48-month loan term. Example payment: A $20,000 auto loan financed for 48 months at 3.25% APR would have an estimated monthly payment of $444.93. No payments up to 60 days are available on qualifying loans. Interest will continue to accrue during the no-payment period.
Qualifications Required: Must provide a vehicle description, most recent two pays stubs, proof of rent or mortgage, maintain a $50.00 deposit balance, be a credit union member and demonstrate the capacity to repay the loan; SSCFCU will finance a new or used vehicle up to 90% of Kelley's Blue Book value. The vehicle must be less than 7 years old. You can borrow up to $40K for a new car or $35K for a used car. Application fee: $20.00
Auto Loan Rate Trends
Weekly average APRs — compiled from 8,500+ banks & credit unions, updated nightly.
New Auto Loan rates fell 0.013 points this week to 5.892%, down from 5.905% last week.
Used Auto Loan rates fell 0.008 points this week to 6.598%, down from 6.606% last week.
Auto Loan Rate Trends
Weekly average APRs. Hover to see exact rates for each week.
What Would Your Monthly Car Payment Be?
Estimated monthly payments on a standard 60-month auto loan at today’s average APRs. Even a small rate difference compounds over the life of a car loan — use the calculator below to model your exact loan.
| Loan Amount | New Auto @ 5.89% APR Average across tracked lenders | Used Auto @ 6.60% APR Average across tracked lenders | Monthly Difference |
|---|---|---|---|
| $15,000 | $289.24/mo | $294.18/mo | $4.94/mo |
| $25,000 | $482.07/mo | $490.31/mo | $8.24/mo |
| $35,000 | $674.90/mo | $686.43/mo | $11.53/mo |
| $45,000 | $867.72/mo | $882.55/mo | $14.83/mo |
| $55,000 | $1,060.55/mo | $1,078.67/mo | $18.12/mo |
Principal and interest only, 60-month term, calculated from current average APRs. Taxes, title, registration, and optional add-ons are not included. Your APR depends on credit score, loan term, vehicle age, and lender underwriting.
What a Longer Loan Term Really Costs
Stretching a car loan lowers the monthly payment, which is exactly why dealers offer it. Here is what happens to total interest on a $35,000 loan at the new-auto average of 5.89% APR as the term gets longer.
| Loan Term | Monthly Payment | Total Interest Paid | Extra Interest vs. 36 Months |
|---|---|---|---|
| 36 months (3 years) | $1,063.06 | $3,270 | — |
| 48 months (4 years) | $820.25 | $4,372 | +$1,102 |
| 60 months (5 years) — most common | $674.90 | $5,494 | +$2,224 |
| 72 months (6 years) | $578.27 | $6,636 | +$3,365 |
| 84 months (7 years) | $509.49 | $7,797 | +$4,527 |
Illustration holds the APR constant across terms to isolate the effect of length. In practice most lenders also price longer terms at higher APRs, so the real gap is usually wider than shown. Longer terms additionally keep you “underwater” — owing more than the vehicle is worth — for a larger share of the loan.
About Our Auto Loan Rate Database
The tables on this page surface the lowest-APR auto loan offers we track, drawn from the thousands of verified rates in our database. Every APR is sourced directly from the lender’s own website and re-verified regularly, so what you compare here reflects what lenders are actually advertising today — not stale or estimated numbers.
The lowest verified auto loan APR in our database right now is 1.99% APR from Boulevard Federal Credit Union. Advertised APRs typically assume excellent credit, so use the full rate table above to compare offers across your actual credit tier, and check your state page for lenders that serve your area.
How to Get the Best Auto Loan Rate
Get Preapproved Before You Shop
A preapproval from a bank or credit union locks in a real rate before you set foot on a dealer lot. It turns you into a cash buyer, gives you a benchmark to beat, and protects you from financing markups — dealers can legally add points to the rate a lender actually approved you for.
Check Credit Unions First
Credit unions consistently publish the lowest auto loan APRs in our database. Membership is usually easier to get than people expect — many accept anyone who lives or works in a given area, and some let you join through a partner association or a small donation to an affiliated charity.
Choose the Shortest Term You Can Afford
Shorter terms almost always carry lower APRs, and you pay interest for fewer months. A 72- or 84-month loan lowers the monthly payment but sharply raises total interest and extends the time you spend owing more than the car is worth. Aim for 60 months or less if the payment fits your budget.
Compare the Promo Against a Rebate
Manufacturer financing at 0–2.9% APR can beat any bank or credit union rate — but it is usually offered instead of a cash rebate, not alongside it. Run both scenarios: the promo APR on the full price, versus your outside financing on the rebated price. The rebate often wins.
Auto Financing Options Compared
An auto loan from a bank or credit union isn’t the only way to finance a vehicle — but for most borrowers it is the cheapest. Here is how the main options stack up.
| Feature | Credit Union Auto Loan | Bank Auto Loan | Dealer Financing | Personal Loan |
|---|---|---|---|---|
| Typical APR Level | ✓ Often lowest | ✓ Competitive | ● Varies — can be marked up | ✗ Highest (unsecured) |
| Rate Locked Before You Shop | ✓ Yes, via preapproval | ✓ Yes, via preapproval | ✗ Arranged at the dealership | ✓ Yes |
| Membership / Relationship Required | ● Membership (usually easy) | ✗ No | ✗ No | ✗ No |
| Works for Private-Party Sales | ✓ Usually | ● Sometimes | ✗ No | ✓ Yes |
| Convenience at Purchase | ● Preapproval step first | ● Preapproval step first | ✓ One-stop at the dealer | ● Funds in 1–3 days |
| Best For | Lowest total cost of borrowing | Existing customers & relationship discounts | Manufacturer 0% promos on new cars | Older vehicles lenders won’t finance |
General comparison for educational purposes. Terms, eligibility, and pricing vary by lender and by borrower credit profile.
Auto Loan Payment Calculator
Estimate your monthly payment on a new or used vehicle. We’ve prefilled the APR with today’s new-auto average — or click any current rate on the right to apply it instantly.
Estimates include principal and interest only. Sales tax, title, registration, documentation fees, and optional products (GAP, extended warranties) are not included and are often financed into the loan. Advertised APRs typically require excellent credit; your rate may differ.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our auto loan rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Auto Loan Rate Data: We aggregate new and used auto loan rates directly from the official websites of banks, credit unions, and online lenders using our proprietary rate aggregation technology and a dedicated team of rate updaters. By sourcing data from the lenders’ own digital properties and verifying APRs regularly, every rate on MonitorBankRates.com is highly accurate and trustworthy.
Comprehensive Coverage: Our systems constantly monitor the market to provide a complete picture of available auto loan products across the country. We feature a comprehensive mix of lenders — from neighborhood credit unions and regional banks to large online auto lenders available to borrowers in all 50 states.
Regularly Updated APRs: Our rate updaters verify and update auto loan rates regularly. Because APRs can change based on market conditions and lender policies, every product features its own “last updated” date for full transparency. Auto loan APRs shown typically represent the lowest available rate for borrowers with excellent credit; your actual rate will depend on your credit history, credit score, income, loan term, vehicle age, and other underwriting factors.
Frequently Asked Questions
Is it better to get an auto loan from a bank or credit union?
What is a good APR for a car loan?
Should I finance through the dealership?
Why are used car loan rates higher than new car rates?
How does loan term length affect what I pay for a car?
Can I refinance an auto loan if rates drop or my credit improves?
Top Auto Loan Rates
- Otero Federal Credit Union: 1.99% APR (Repossessed Vehicles Loan)
- Boulevard Federal Credit Union: 1.99% APR (Auto Loan)
- Boulevard Federal Credit Union: 1.99% APR (New Car Loans)
- LONGSHOREMENS LOCAL 4: 1.99% APR (New vehicle Loan)
- LONGSHOREMENS LOCAL 4: 1.99% APR (Used vehicle (1-2 years old) Loan)
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