Connecticut Best Auto Loan Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Connecticut auto loan rates range from 2.99% to 5.75% APR, verified by MonitorBankRates as of October 13, 2026. Current auto loan rates in Connecticut include Polish And Slavic Federal Credit UnionPolish And Slavic Federal Credit Union38 Broad St, New Britain, CT, 06053A+5.0 ★Texas Ratio: 1.64% offering New Auto Loan at 2.99%, Torrington Municipal & Teachers Federal Credit UnionTorrington Municipal & Teachers Federal Credit Union777 E Main St, Torrington, CT, 06790 3915A+5.0 ★Texas Ratio: 0.55% offering Automobile Loans - New Vehicles at 3.25%, Connecticut Labor Dept Federal Credit UnionConnecticut Labor Dept Federal Credit Union200 Folly Brook Blvd, Wethersfield, CT, 06109A+5.0 ★Texas Ratio: 1.78% offering New Vehicle Loan at 3.49%, Riverbank Federal Credit UnionRiverbank Federal Credit Union516 Spring St, Windsor Locks, CT, 06096A+5.0 ★Texas Ratio: 2.71% offering New Vehicles (2025 - 2026) - 4 Years Loan at 3.74%, Navy Federal Credit UnionNavy Federal Credit Union15 Mohegan Ave, New London, CT, 06320A5.0 ★Texas Ratio: 8.14% offering New Auto Loan at 3.89%. Auto loan rates as of October 13, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare auto loan rates across Connecticut side-by-side. Connecticut auto loan rates currently start as low as 2.99% APR from Polish And Slavic Federal Credit Union at 38 Broad St, New Britain, CT, 06053. Rates are continually updated, so we recommend checking back frequently.
Auto loan rates reflect recent market quotes and representative offers available to borrowers in Connecticut. Auto Loan Rates Last Updated and Verified: October 13, 2026
Compare Auto Loan Rates Today in Connecticut
Connecticut Auto Loan Rates
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
As Low As
Vehicles 2025 or newer, new cars only. Amount Financed: 100% financing
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
Amount Financed: $65,000.00 or less. will finance 100%
As Low As
As Low As; Rates subject to change.
As Low As; Rate includes a 0.25% discount with Automatic Payment from a GE Credit Union account; Finance 100% of purchase price
As Low As; Rate includes a 0.25% discount with Automatic Payment from a GE Credit Union account; Finance 100% of purchase price
As Low As
As Low As
Newer model auto loan; vehicles from current or previous year with 7,500 miles or less; includes 1% direct deposit discount; actual rate may be higher based on credit history
Newer model auto loan; vehicles from current or previous year with 7,500 miles or less; includes 1% direct deposit discount; actual rate may be higher based on credit history
Newer model auto loan; vehicles from current or previous year with 7,500 miles or less; includes 1% direct deposit discount; actual rate may be higher based on credit history
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As low as
As Low As; Fixed Rates; 110% Financing available; Call the credit union for rate and term info
As Low As
As Low As
As Low As; Rates subject to change.
As Low As
Percent of Financing: Up to 100% financing available
APR = Annual Percentage Rate. Posted rates is based on a purchase transaction and includes a 0.25% rate discount for direct debit. Sample monthly payment per $1,000 borrowed for 36 months @ 4.49% is $30.00. Qualifying rate may vary based on applicant's credit score, loan amount and term, vehicle age and loan purpose. All MSCU auto loans have a one-time $85 Processing Fee. Additional terms and rates are available and subject to change without notice.
- Oct 4, 20264.49%▲ from 3.99%
- Sep 16, 20263.99%first recorded
100% Financing
Model Years: 2025 to 2027
As Low As; Rate assumes loan to value of 100% or less and term of 60 months or less. Not all borrowers will qualify for the lowest interest rate.
100% Financing; With 700 Credit Score or above; For autos over $50,000 - 90% financing maximum
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Payment examples (assume $30,000 financed for maximum term at advertised rate; figures rounded to nearest dollar)
As Low As
As Low As; Rates subject to change.
- Oct 4, 20264.63%▲ from 4.13%
- Sep 16, 20264.13%first recorded
Percent of Financing: Up to 100% financing available
Percent of Financing: Up to 100% financing available
Published APR range: 4.74% to 13.26%. Rates are subject to change without notice. APR may range from 4.74% to 13.26% for model years 2027-2025 and reflects a .25% discount for automatic payments from a Sikorsky Credit Union account. Other rates and terms available. Payment example for a borrower with top tier credit: For a term of 60 months at a rate of 4.74% the estimated monthly payment is00 borrowed.
- Oct 7, 20264.74%▲ from 4.34%
- Sep 27, 20264.34%first recorded
As Low As; Model Year: 2019-2025; Includes .25% discount for maintaining a checking account with direct deposit and automatic loan payment
- Oct 8, 20264.74%▲ from 4.24%
- Sep 12, 20264.24%first recorded
Newer model auto loan; vehicles from current or previous year with 7,500 miles or less; includes 1% direct deposit discount; actual rate may be higher based on credit history
Used auto loan; model years 2020 or newer; maximum 125,000 miles; rates include 1% direct deposit discount
Used auto loan; model years 2020 or newer; maximum 125,000 miles; rates include 1% direct deposit discount
Used auto loan; model years 2020 or newer; maximum 125,000 miles; rates include 1% direct deposit discount
Model Years 2026 - 2021; To qualify for these rates, newly established direct deposit relationships of a minimum of $1,000 per month into any deposit account must be initiated within 45 days of loan closing. If the direct deposit is not established or is discontinued, the interest rate will increase by 0.50%. Direct deposit includes deposits from employer payroll, government benefits, retirement payments or pensions. Offer valid on auto loans originated on or after January 1, 2026. Not applicable to Line of credit, revolving or credit products. Promotional discount offering may be withdrawn at any time. Additional rates and terms are available. Advertised rate(s) available on New & Used Vehicle Loans of Model Year 2021 or Newer with a maximum loan to value (LTV) of 100% or less. Cost per thousand is calculated using the highest term in the range.
- Oct 4, 20264.75%▲ from 4.25%
- Sep 16, 20264.25%first recorded
Your rate may vary from the above rate and will be determined by your credit history.
Used vehicle loan; APR may vary based on credit history
As Low As
100% Financing; With 700 Credit Score or above; For autos over $50,000 - 90% financing maximum
- Oct 6, 20264.75%▼ from 5.25%
- Sep 14, 20265.25%first recorded
As Low As
As Low As; Rates subject to change.
Vehicle Loans; Maximum Amount: $100,000; Percent Financed: 125%
Vehicle Loans; Maximum Amount: $60,000; Percent Financed: 125%; Note 1: Up to 6 model years old, percent financed refers to selling price of auto including tax, title, warranties and conveyance fees not to exceed book value.
As Low As; Vehicle model years 2022 to 2026; Terms of 6 years on vehicle loans of $30,000 or more; terms of 7 years on loans of $30,000 or more and "A" or higher credit rating
Model years 2022-2026; Rates shown are lowest rates available
As Low As
New Car auto loan; APR
New Car auto loan; APR
New Car auto loan; APR
Credit Union finances 100% of purchase price including tax, registration and extended warranty; Maximum car loan $75,000.00
Credit Union finances 100% of purchase price including tax, registration and extended warranty; Maximum car loan $75,000.00
Credit Union finances 100% of purchase price including tax, registration and extended warranty; Maximum car loan $75,000.00
Up to $40,000.00 Max; Up to 100% financing including taxes and registration
Fixed Rate New Automobile Loan APRs range from 4.99% - 10.99% depending on your creditworthiness and the repayment term. Loan repayment terms range from 12 months to 72 months. A new automobile refers to a vehicles less than two years old.
Fixed Rate New Automobile Loan APRs range from 4.99% - 10.99% depending on your creditworthiness and the repayment term. Loan repayment terms range from 12 months to 72 months. A new automobile refers to a vehicles less than two years old.
Fixed Rate New Automobile Loan APRs range from 4.99% - 10.99% depending on your creditworthiness and the repayment term. Loan repayment terms range from 12 months to 72 months. A new automobile refers to a vehicles less than two years old.
- Oct 4, 20264.99%▲ from 4.49%
- Sep 16, 20264.49%first recorded
As Low As; Rate includes a 0.25% discount with Automatic Payment from a GE Credit Union account; Finance 100% of purchase price
Your rate may vary from the above rate and will be determined by your credit history.
Used vehicle loan; APR may vary based on credit history
As Low As; Model Year: 2019-2025; Includes .25% discount for maintaining a checking account with direct deposit and automatic loan payment
- Oct 8, 20264.99%▲ from 4.49%
- Sep 12, 20264.49%first recorded
As Low As; Credit Score: 720+
- Sep 17, 20264.99%▼ from 7.59%
- Sep 14, 20267.59%first recorded
As Low As; Credit Score: 720+
- Sep 17, 20264.99%▼ from 7.59%
- Sep 14, 20267.59%first recorded
As Low As
Newer model auto loan; vehicles from current or previous year with 7,500 miles or less; includes 1% direct deposit discount; actual rate may be higher based on credit history
Used auto loan; model years 2020 or newer; maximum 125,000 miles; rates include 1% direct deposit discount
100% Financing; With 700 Credit Score or above; For autos over $50,000 - 90% financing maximum
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
Model Years: 2025 to 2027
Model Years: 2018 to 2027
Model Years 2026 - 2021; To qualify for these rates, newly established direct deposit relationships of a minimum of $1,000 per month into any deposit account must be initiated within 45 days of loan closing. If the direct deposit is not established or is discontinued, the interest rate will increase by 0.50%. Direct deposit includes deposits from employer payroll, government benefits, retirement payments or pensions. Offer valid on auto loans originated on or after January 1, 2026. Not applicable to Line of credit, revolving or credit products. Promotional discount offering may be withdrawn at any time. Additional rates and terms are available. Advertised rate(s) available on New & Used Vehicle Loans of Model Year 2021 or Newer with a maximum loan to value (LTV) of 100% or less. Cost per thousand is calculated using the highest term in the range.
Model Years 2026 - 2021; To qualify for these rates, newly established direct deposit relationships of a minimum of $1,000 per month into any deposit account must be initiated within 45 days of loan closing. If the direct deposit is not established or is discontinued, the interest rate will increase by 0.50%. Direct deposit includes deposits from employer payroll, government benefits, retirement payments or pensions. Offer valid on auto loans originated on or after January 1, 2026. Not applicable to Line of credit, revolving or credit products. Promotional discount offering may be withdrawn at any time. Additional rates and terms are available. Advertised rate(s) available on New & Used Vehicle Loans of Model Year 2021 or Newer with a maximum loan to value (LTV) of 100% or less. Cost per thousand is calculated using the highest term in the range.
Featured rate (homepage carousel)
- Oct 4, 20265.00%▲ from 4.50%
- Sep 16, 20264.50%first recorded
90% Financing; With 700 Credit Score or above; Financing does not include sales tax, tags, destination charges, etc.
Credit Grade: A+; Fair Isaac Score: 730+
As Low As; Payment examples (assume $30,000 financed for maximum term at advertised rate; figures rounded to nearest dollar)
Credit Score: 730 plus; Credit Tier: A Plus
- Oct 4, 20265.13%▲ from 4.63%
- Sep 16, 20264.63%first recorded
As low as
Credit Score: 700-850; Debt Ratio: 42%; Individual: $60,000; Co-Signer: $60,000; APR shown is for 72 month term
Newer model auto loan; vehicles from current or previous year with 7,500 miles or less; includes 1% direct deposit discount; actual rate may be higher based on credit history
Used auto loan; model years 2020 or newer; maximum 125,000 miles; rates include 1% direct deposit discount
Model Years: 2019 to 2027
- Oct 4, 20265.25%▲ from 4.75%
- Sep 16, 20264.75%first recorded
Your rate may vary from the above rate and will be determined by your credit history.
Used vehicle loan; APR may vary based on credit history
90% Financing; With 700 Credit Score or above; Financing does not include sales tax, tags, destination charges, etc.
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
Credit Grade: A+; Fair Isaac Score: 730+
Credit Grade: A; Fair Isaac Score: 680-729
As Low As; Rate determined by term of loan and credit history; available on approved credit
Credit Score: 730 plus; Credit Tier: A Plus
Credit Score: 680-729; Credit Tier: A
AS LOW AS; 100%
AS LOW AS; 100%
AS LOW AS; 100%
AS LOW AS; 100%
AS LOW AS; 100% (6) (7)
AS LOW AS; 100% (6) (7)
AS LOW AS; 100% (6) (7)
As Low As
As Low As; Rates subject to change.
As Low As
Model years 2022-2026; Terms of 6 years on vehicle loans of $30,000 or more
As Low As; Vehicle model years 2017 to 2021
Model years 2017-2021; Rates shown are lowest rates available
Up to $40,000.00 Max; Up to 100% financing including taxes and registration
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
As Low As
As Low As; Rates subject to change.
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.49%▲ from 5.39%
- Sep 18, 20265.39%first recorded
Fixed Rate New Automobile Loan APRs range from 4.99% - 10.99% depending on your creditworthiness and the repayment term. Loan repayment terms range from 12 months to 72 months. A new automobile refers to a vehicles less than two years old.
As Low As; Model Year: 2025 & Newer
Your rate may vary from the above rate and will be determined by your credit history.
As Low As; Model Year: 2019-2025; Includes .25% discount for maintaining a checking account with direct deposit and automatic loan payment
- Oct 8, 20265.49%▲ from 4.99%
- Sep 12, 20264.99%first recorded
100% Financing
Model Years: 2025 to 2027
Model Years 2026 - 2021; To qualify for these rates, newly established direct deposit relationships of a minimum of $1,000 per month into any deposit account must be initiated within 45 days of loan closing. If the direct deposit is not established or is discontinued, the interest rate will increase by 0.50%. Direct deposit includes deposits from employer payroll, government benefits, retirement payments or pensions. Offer valid on auto loans originated on or after January 1, 2026. Not applicable to Line of credit, revolving or credit products. Promotional discount offering may be withdrawn at any time. Additional rates and terms are available. Advertised rate(s) available on New & Used Vehicle Loans of Model Year 2021 or Newer with a maximum loan to value (LTV) of 100% or less. Cost per thousand is calculated using the highest term in the range.
Model Years 2026 - 2021; To qualify for these rates, newly established direct deposit relationships of a minimum of $1,000 per month into any deposit account must be initiated within 45 days of loan closing. If the direct deposit is not established or is discontinued, the interest rate will increase by 0.50%. Direct deposit includes deposits from employer payroll, government benefits, retirement payments or pensions. Offer valid on auto loans originated on or after January 1, 2026. Not applicable to Line of credit, revolving or credit products. Promotional discount offering may be withdrawn at any time. Additional rates and terms are available. Advertised rate(s) available on New & Used Vehicle Loans of Model Year 2021 or Newer with a maximum loan to value (LTV) of 100% or less. Cost per thousand is calculated using the highest term in the range.
New vehicles: Maximum term of 8 years. 140% financing rates as low as 4.75% APR. Used vehicles: Maximum term based on age of vehicle. Rates as low as 4.75% APR. as low as $20,000
- Sep 27, 20265.49%▲ from 4.75%
- Sep 14, 20264.75%first recorded
- Oct 4, 20265.50%▲ from 5.00%
- Sep 16, 20265.00%first recorded
90% Financing; With 700 Credit Score or above; Financing does not include sales tax, tags, destination charges, etc.
- Sep 21, 20265.50%▲ from 5.25%
- Sep 17, 20265.25%first recorded
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
Credit Grade: A+; Fair Isaac Score: 730+
As Low As; *
As Low As; Payment examples (assume $30,000 financed for maximum term at advertised rate; figures rounded to nearest dollar)
As Low As; Rate determined by term of loan and credit history; available on approved credit
Featured rate (homepage carousel)
- Oct 13, 20265.50%▲ from 5.25%
- Oct 1, 20265.25%first recorded
Credit Score: 730 plus; Credit Tier: A Plus
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
Model years 2022-2026; Terms of 7 years on vehicle loans of $30,000 or more and "A" or higher credit rating
Model years 2017-2021; Rates shown are lowest rates available
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
Percent of Financing: Up to 100% financing available
Percent of Financing: Up to 100% financing available
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.69%▲ from 5.59%
- Sep 18, 20265.59%first recorded
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
As Low As; Model Year: 2022 to 2024
As Low As; Rate includes a 0.25% discount with Automatic Payment from a GE Credit Union account; Finance 100% of purchase price
As Low As
90% Financing; With 700 Credit Score or above; Financing does not include sales tax, tags, destination charges, etc.
Loan Limit: $100,000; Up to 95% LTV; Auto and Motorcycle Loans
Credit Grade: A+; Fair Isaac Score: 730+
Credit Grade: A; Fair Isaac Score: 680-729
100% Financing
Connecticut New Auto Auto Loan Rates
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
As Low As
Vehicles 2025 or newer, new cars only. Amount Financed: 100% financing
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
Amount Financed: $65,000.00 or less. will finance 100%
As Low As
As Low As; Rates subject to change.
As Low As
As Low As
Newer model auto loan; vehicles from current or previous year with 7,500 miles or less; includes 1% direct deposit discount; actual rate may be higher based on credit history
Newer model auto loan; vehicles from current or previous year with 7,500 miles or less; includes 1% direct deposit discount; actual rate may be higher based on credit history
Newer model auto loan; vehicles from current or previous year with 7,500 miles or less; includes 1% direct deposit discount; actual rate may be higher based on credit history
As low as
As Low As; Fixed Rates; 110% Financing available; Call the credit union for rate and term info
As Low As
As Low As; Rates subject to change.
As Low As
Percent of Financing: Up to 100% financing available
- Oct 4, 20264.49%▲ from 3.99%
- Sep 16, 20263.99%first recorded
Model Years: 2025 to 2027
As Low As; Rate assumes loan to value of 100% or less and term of 60 months or less. Not all borrowers will qualify for the lowest interest rate.
100% Financing; With 700 Credit Score or above; For autos over $50,000 - 90% financing maximum
As Low As; Payment examples (assume $30,000 financed for maximum term at advertised rate; figures rounded to nearest dollar)
As Low As
As Low As; Rates subject to change.
- Oct 4, 20264.63%▲ from 4.13%
- Sep 16, 20264.13%first recorded
Percent of Financing: Up to 100% financing available
Percent of Financing: Up to 100% financing available
Newer model auto loan; vehicles from current or previous year with 7,500 miles or less; includes 1% direct deposit discount; actual rate may be higher based on credit history
- Oct 4, 20264.75%▲ from 4.25%
- Sep 16, 20264.25%first recorded
Your rate may vary from the above rate and will be determined by your credit history.
As Low As
100% Financing; With 700 Credit Score or above; For autos over $50,000 - 90% financing maximum
- Oct 6, 20264.75%▼ from 5.25%
- Sep 14, 20265.25%first recorded
Vehicle Loans; Maximum Amount: $100,000; Percent Financed: 125%
As Low As; Vehicle model years 2022 to 2026; Terms of 6 years on vehicle loans of $30,000 or more; terms of 7 years on loans of $30,000 or more and "A" or higher credit rating
Model years 2022-2026; Rates shown are lowest rates available
New Car auto loan; APR
New Car auto loan; APR
New Car auto loan; APR
Credit Union finances 100% of purchase price including tax, registration and extended warranty; Maximum car loan $75,000.00
Credit Union finances 100% of purchase price including tax, registration and extended warranty; Maximum car loan $75,000.00
Credit Union finances 100% of purchase price including tax, registration and extended warranty; Maximum car loan $75,000.00
Up to $40,000.00 Max; Up to 100% financing including taxes and registration
Fixed Rate New Automobile Loan APRs range from 4.99% - 10.99% depending on your creditworthiness and the repayment term. Loan repayment terms range from 12 months to 72 months. A new automobile refers to a vehicles less than two years old.
Fixed Rate New Automobile Loan APRs range from 4.99% - 10.99% depending on your creditworthiness and the repayment term. Loan repayment terms range from 12 months to 72 months. A new automobile refers to a vehicles less than two years old.
Fixed Rate New Automobile Loan APRs range from 4.99% - 10.99% depending on your creditworthiness and the repayment term. Loan repayment terms range from 12 months to 72 months. A new automobile refers to a vehicles less than two years old.
Your rate may vary from the above rate and will be determined by your credit history.
As Low As; Credit Score: 720+
- Sep 17, 20264.99%▼ from 7.59%
- Sep 14, 20267.59%first recorded
Newer model auto loan; vehicles from current or previous year with 7,500 miles or less; includes 1% direct deposit discount; actual rate may be higher based on credit history
100% Financing; With 700 Credit Score or above; For autos over $50,000 - 90% financing maximum
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
Model Years: 2025 to 2027
- Oct 4, 20265.00%▲ from 4.50%
- Sep 16, 20264.50%first recorded
As Low As; Payment examples (assume $30,000 financed for maximum term at advertised rate; figures rounded to nearest dollar)
Credit Score: 700-850; Debt Ratio: 42%; Individual: $60,000; Co-Signer: $60,000; APR shown is for 72 month term
Newer model auto loan; vehicles from current or previous year with 7,500 miles or less; includes 1% direct deposit discount; actual rate may be higher based on credit history
Your rate may vary from the above rate and will be determined by your credit history.
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
As Low As; Rate determined by term of loan and credit history; available on approved credit
AS LOW AS; 100%
AS LOW AS; 100%
AS LOW AS; 100%
AS LOW AS; 100%
Model years 2022-2026; Terms of 6 years on vehicle loans of $30,000 or more
Up to $40,000.00 Max; Up to 100% financing including taxes and registration
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.49%▲ from 5.39%
- Sep 18, 20265.39%first recorded
Fixed Rate New Automobile Loan APRs range from 4.99% - 10.99% depending on your creditworthiness and the repayment term. Loan repayment terms range from 12 months to 72 months. A new automobile refers to a vehicles less than two years old.
Your rate may vary from the above rate and will be determined by your credit history.
Model Years: 2025 to 2027
New vehicles: Maximum term of 8 years. 140% financing rates as low as 4.75% APR. Used vehicles: Maximum term based on age of vehicle. Rates as low as 4.75% APR. as low as $20,000
- Sep 27, 20265.49%▲ from 4.75%
- Sep 14, 20264.75%first recorded
- Sep 21, 20265.50%▲ from 5.25%
- Sep 17, 20265.25%first recorded
As Low As; Payment examples (assume $30,000 financed for maximum term at advertised rate; figures rounded to nearest dollar)
Featured rate (homepage carousel)
- Oct 13, 20265.50%▲ from 5.25%
- Oct 1, 20265.25%first recorded
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
Model years 2022-2026; Terms of 7 years on vehicle loans of $30,000 or more and "A" or higher credit rating
Percent of Financing: Up to 100% financing available
Percent of Financing: Up to 100% financing available
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
Loan Limit: $100,000; Up to 95% LTV; Auto and Motorcycle Loans
Connecticut Used Auto Auto Loan Rates
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Fixed Rates; 110% Financing available; Call the credit union for rate and term info
As Low As
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
Percent of Financing: Up to 100% financing available
Used auto loan; model years 2020 or newer; maximum 125,000 miles; rates include 1% direct deposit discount
Used auto loan; model years 2020 or newer; maximum 125,000 miles; rates include 1% direct deposit discount
Used auto loan; model years 2020 or newer; maximum 125,000 miles; rates include 1% direct deposit discount
Used vehicle loan; APR may vary based on credit history
- Oct 6, 20264.75%▼ from 5.25%
- Sep 14, 20265.25%first recorded
As Low As
As Low As; Rates subject to change.
Vehicle Loans; Maximum Amount: $60,000; Percent Financed: 125%; Note 1: Up to 6 model years old, percent financed refers to selling price of auto including tax, title, warranties and conveyance fees not to exceed book value.
As Low As
Used vehicle loan; APR may vary based on credit history
As Low As; Credit Score: 720+
- Sep 17, 20264.99%▼ from 7.59%
- Sep 14, 20267.59%first recorded
As Low As
Used auto loan; model years 2020 or newer; maximum 125,000 miles; rates include 1% direct deposit discount
Model Years: 2018 to 2027
Featured rate (homepage carousel)
90% Financing; With 700 Credit Score or above; Financing does not include sales tax, tags, destination charges, etc.
As low as
Used auto loan; model years 2020 or newer; maximum 125,000 miles; rates include 1% direct deposit discount
Model Years: 2019 to 2027
Used vehicle loan; APR may vary based on credit history
90% Financing; With 700 Credit Score or above; Financing does not include sales tax, tags, destination charges, etc.
AS LOW AS; 100% (6) (7)
AS LOW AS; 100% (6) (7)
AS LOW AS; 100% (6) (7)
As Low As
As Low As; Rates subject to change.
As Low As
As Low As; Vehicle model years 2017 to 2021
Model years 2017-2021; Rates shown are lowest rates available
As Low As
As Low As; Rates subject to change.
New vehicles: Maximum term of 8 years. 140% financing rates as low as 4.75% APR. Used vehicles: Maximum term based on age of vehicle. Rates as low as 4.75% APR. as low as $20,000
- Sep 27, 20265.49%▲ from 4.75%
- Sep 14, 20264.75%first recorded
90% Financing; With 700 Credit Score or above; Financing does not include sales tax, tags, destination charges, etc.
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
As Low As; Rate determined by term of loan and credit history; available on approved credit
Model years 2017-2021; Rates shown are lowest rates available
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
Percent of Financing: Up to 100% financing available
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.69%▲ from 5.59%
- Sep 18, 20265.59%first recorded
As Low As; Rate Effective Date: October 1, 2026; Lowest rate shown with 100% LTV
As Low As
90% Financing; With 700 Credit Score or above; Financing does not include sales tax, tags, destination charges, etc.
Connecticut Auto Loan Rate Trends
Compare local Connecticut auto loan rates against the statewide average
Daily auto loan rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Connecticut new auto rates rose 0.088 points over the past 7 days to 5.312% APR.
Connecticut used auto rates rose 0.067 points over the past 7 days to 6.044% APR.
Connecticut Auto Loan Rate Forecast, Next 12 Months
Auto loan APRs track lender funding costs, which follow Federal Reserve policy. Our model projects the likely path of new and used auto averages from the current Connecticut figures.
Forecast Methodology & Assumptions
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; auto lenders reprice within one to two policy cycles as funding costs move, and credit union pricing tends to lag banks slightly.
Important notice: this forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions.
What Would Your Monthly Car Payment Be?
Estimated monthly payments on a standard 60-month auto loan at today’s average Connecticut APRs. Even a small APR difference adds up over the life of a car loan. Use the calculator below to model your exact loan.
| Loan Amount | New Auto @ 5.31% APR CT average | Used Auto @ 6.04% APR CT average | Monthly Difference |
|---|---|---|---|
| $15,000 | $285.22/mo | $290.30/mo | $5.08/mo |
| $25,000 | $475.36/mo | $483.83/mo | $8.47/mo |
| $35,000 | $665.51/mo | $677.36/mo | $11.85/mo |
| $45,000 | $855.65/mo | $870.89/mo | $15.24/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.
How to Get the Best Auto Loan Rate in Connecticut
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Connecticut 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 dealer financing markups. Dealers can legally add points to the rate a lender actually approved you for.
Check Credit Unions First
Credit unions consistently offer some of the lowest auto loan APRs in Connecticut. Membership is usually easier to get than people expect. Many local credit unions accept anyone who lives, works, or worships in the area, and some let you join with a small donation to a partner 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 dramatically raises total interest cost and increases the time you spend “underwater”, owing more than the car is worth. Aim for 60 months or less if the payment fits your budget.
Mind the New vs. Used Rate Spread
Used car loans typically run 0.5 to 1.5 percentage points above new car rates. If you’re shopping late-model used vehicles, ask about certified pre-owned programs. CPO vehicles sometimes qualify for new-car financing rates, which can offset part of the price difference between the two.
- Saving up for a bigger down payment: park it in a Connecticut high-yield savings account so it earns while you shop
- Buying from a private seller where auto financing is harder to arrange: compare personal loan rates
- Car fund you won’t need for a set period: Connecticut CD rates lock in a guaranteed return until you’re ready to buy
Connecticut Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $570 monthly car payment works out to roughly 13.0% of the median individual income in Connecticut. Most budgeting guidelines suggest keeping total vehicle costs (payment, insurance, fuel, and maintenance) under 15 to 20% of take-home pay.
Auto Financing Options Compared
An auto loan isn’t the only way to finance a vehicle in Connecticut, but for most borrowers it’s the cheapest. Here’s 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 to 3 days |
| Best For | Lowest total cost of borrowing | Existing bank customers & rate discounts | Manufacturer 0% promos on new cars | Older vehicles lenders won’t finance |
General comparison for educational purposes. Manufacturer promotional financing (0 to 2.9% APR offers) through dealers can beat any bank or credit union rate when you qualify. Always compare the promo against a cash rebate plus outside financing.
Auto Loan Payment Calculator
Estimate your monthly payment on a new or used vehicle in Connecticut. We’ve prefilled the APR with today’s CT 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, 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 Connecticut 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 for Connecticut 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.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available auto loan products in Connecticut. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in CT.
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.
Bad Credit Auto Loans in Connecticut
You can get a car loan with bad credit, but your credit score moves the APR more than almost anything else. Lenders sort borrowers into tiers, and the average used car loan for a subprime borrower costs more than twice what a prime borrower pays. On a $25,000 used car loan over 60 months, that gap adds up to about $8,000 in extra interest.
| Credit Tier | Score Range | New Car APR | Used Car APR | $25,000 Used, 60 Mo. |
|---|---|---|---|---|
| Super prime | 781 to 850 | 4.41% | 6.29% | $487/mo |
| Prime | 661 to 780 | 6.15% | 8.81% | $517/mo |
| Near prime | 601 to 660 | 9.71% | 13.93% | $581/mo |
| Subprime | 501 to 600 | 13.52% | 19.10% | $650/mo |
| Deep subprime | 300 to 500 | 16.11% | 21.62% | $685/mo |
Average APRs from Experian, State of the Automotive Finance Market, Q2 2026 (VantageScore 4.0). Payment is principal and interest only.
Get Preapproved Before the Dealer
A preapproval from a bank or credit union gives you a real rate to compare. Dealers can add a markup to the rate a lender approves, and bad credit car buyers are the easiest to overcharge.
Start With a Credit Union
Federal credit unions cannot charge more than 18% APR on most loans through September 10, 2027, and many will look past your score at your income and history with them.
Put More Money Down
A larger down payment lowers the lender's risk and keeps you from owing more than the car is worth. Even 10% to 20% down can move a borderline application to an approval.
Keep the Term Short
A 72 or 84 month loan lowers the payment but stacks interest on top of an already high APR. Choose a less expensive car before you choose a longer term.
Add a Cosigner
A cosigner with strong credit can get you a prime rate. They are fully responsible for the loan if you miss payments, so only ask someone who understands that.
Be Careful With Buy Here Pay Here
These lots approve almost anyone, but often at the highest legal rates and on older cars. Many do not report on time payments to the credit bureaus, so the loan may not help rebuild your score.
Frequently Asked Questions about Auto Loans in Connecticut
How does my credit score affect my car loan rate in Connecticut?
Is it better to finance through a dealership or a bank?
What is the difference between New and Used Auto Loan rates?
How long should my auto loan term be?
Should I get preapproved for an auto loan before visiting a dealer in Connecticut?
Why are used car loan rates higher than new car rates?
Can I refinance my auto loan if rates drop or my credit improves?
Can I get an auto loan with bad credit in Connecticut?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Connecticut?
- Polish And Slavic Federal Credit Union: 2.99% (New Auto Loan)
- Torrington Municipal & Teachers Federal Credit Union: 3.25% (Automobile Loans - New Vehicles)
- Connecticut Labor Dept Federal Credit Union: 3.49% (New Vehicle Loan)
- Riverbank Federal Credit Union: 3.74% (New Vehicles (2025 - 2026) - 4 Years Loan)
- Navy Federal Credit Union: 3.89% (New Auto Loan)
Connecticut Rates & Resources
Auto Loan Rates by City in Connecticut
