Michigan Best Auto Loan Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Michigan auto loan rates range from 2.99% to 4.99% APR, verified by MonitorBankRates as of October 13, 2026. Current auto loan rates in Michigan include United Federal Credit UnionUnited Federal Credit Union808 E Front St, Buchanan, MI, 49107 1444A+5.0 ★Texas Ratio: 4.11% offering Fixed Rate New & Used Auto Loans at 2.99%, ABD Federal Credit UnionABD Federal Credit Union27850 MOUND RD, WARREN, MI, 48092A+5.0 ★Texas Ratio: 2.28% offering New and Used Auto Loans at 3.25%, FreeStar Financial Credit UnionFreeStar Financial Credit Union37570 S Gratiot Ave, Clinton Township, MI, 48036A5.0 ★Texas Ratio: 7.11% offering New or Used Vehicle, 2022 and Newer Loan at 3.74%, People Driven Credit UnionPeople Driven Credit Union24333 Lahser Rd, Southfield, MI, 48033 6041A+5.0 ★Texas Ratio: 3.99% offering New & Used Auto Loan at 3.74%, Tri County Credit Union Marinette, WITri County Credit Union Marinette, WI912 14th Ave, Menominee, MI, 49858 2947A-5.0 ★Texas Ratio: 14.20% offering New or Used Vehicles, 2024 - Newer Titled Collateral Loan at 3.75%. Auto loan rates as of October 13, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare auto loan rates across Michigan side-by-side. Michigan auto loan rates currently start as low as 2.99% APR from United Federal Credit Union at 808 E Front St, Buchanan, MI, 49107 1444. Rates are continually updated, so we recommend checking back frequently.
Auto loan rates reflect recent market quotes and representative offers available to borrowers in Michigan. Auto Loan Rates Last Updated and Verified: October 13, 2026
Compare Auto Loan Rates Today in Michigan
Michigan Auto Loan Rates
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
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.
Rates shown are starting rates. Rates are subject to change at any time. Your actual APR* may vary based on creditworthiness, loan amount, loan term, collateral, and other underwriting factors. Membership and eligibility requirements apply. A 0.25% rate discount is included in the rates shown for members who enroll in AutoPay with direct deposit from a PDCU checking or savings account.
As Low As; 1
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Published APR range: 3.99%-11.50%. Minimum Loan Amount: Min $5k
Model Year: New Auto 2025 & Newer
As Low As; APR or Annual Percentage Rates are listed
As Low As; Model Years: 2026 - 2023; Effective Date: Tuesday, October 13th, 2026
As Low As; Featured Rates; Effective Date: Tuesday, October 13th, 2026
As Low As; Limited-Time Offer; Rates valid for Used Autos (Model years 2017-2022)
As Low As; Limited-Time Offer; Model Years 2023-2027 (New & Used Autos)
As Low As; Vehicle Loans - New Vehicles / Motorcycles
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
As Low As; Rates are based on credit score.
Credit Grade: A+; Credit Score: 780+; Car, Truck, Motorcycle, Motor Home
Credit Grade: A+; Credit Score: 780+; Car, Truck, Motorcycle, Motor Home
Credit Grade: A+; Credit Score: 780+; Car, Truck, Motorcycle, Motor Home
Model Year: 2023 and newer; 87 month term requires minimum financed amount of $25,000.; 73-84 month term requires minimum financed amount of $25,000.; Annual Percentage Rate (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be04% for 36 months.; 90 days no payment offer available to credit scores of 660 and higher. Interest accrues during the deferral period.
As Low As; rates as low as 4.14% APR advertised for new, used, and refinance vehicles; as low as rate includes additional .25% APR reduction with automatic payment from a CASE checking account; CASE membership required; rate disclosed at closing
Model Year: New Auto 2025 & Newer
Term: Up to 72 Months > $15k; Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount.
Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount. Discount subject to qualification and can change without notice. Military Status Verification: Verification of military status is required. Acceptable proof includes Military ID, Retirement ID, or DD214 (Certificate of Release or Discharge from Active Duty). Terms and conditions apply. Cannot be combined with any other discounts.
APR* As Low As; Rates and terms may vary depending on credit qualifications, direct deposit, and automatic payments from a 1DCU Checking or Savings account.
Model Year: 2022 - 2025
As Low As
- Sep 22, 20264.24%▼ from 4.74%
- Sep 14, 20264.74%first recorded
New and Used
As Low As; Relationship APR
As Low As; Model Year: 2022 and Newer
As Low As
As Low As; Effective Date: Monday, October 12th, 2026; Term shows maximum number of months for loan
As Low As; Category: New Autos
As Low As; APR or Annual Percentage Rates are listed
As Low As; Loan Amount: n/a; New money only; APR may be higher based on credit score
Year: 2026-2024; Credit Tier: Max 100%1 A
- Oct 9, 20264.25%▼ from 4.75%
- Sep 14, 20264.75%first recorded
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Rate with 0% Down; Credit Score: 750+; Term Based on Loan Amount
As Low As; Rate and APR advertised assumes a FICO Credit Score of 680 or better and a loan amount example of $35,000 based on the maximum term noted.
As Low As; Rate and APR advertised assumes a FICO Credit Score of 680 or better and a loan amount example of $35,000 based on the maximum term noted.
As Low As; Rate and APR advertised assumes a FICO Credit Score of 680 or better and a loan amount example of $35,000 based on the maximum term noted.
As Low As; Model Years: 2026 - 2023; Effective Date: Tuesday, October 13th, 2026
- Oct 5, 20264.30%▲ from 4.29%
- Sep 14, 20264.29%first recorded
Loan Payment Example: An Auto Loan of $33,000 at a rate of 4.24% rate (4.39% APR) for a 60-month term would result in a monthly payment of approximately $611.33.
- Oct 10, 20264.39%▼ from 5.40%
- Sep 14, 20265.40%first recorded
Model Year: New Auto 2025 & Newer
As Low As; Year/Amount: 2021 - 2027; APR may be higher based on members credit qualifications and loan type
As Low As
As Low As; 48 Month Auto Loan Special applies to 2019 or newer, $145 loan app fee, new to FCU money only
Term: Up to 84 Months > $25k; Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount.
Rates includes a .25% discount for direct deposit and may vary based on credit history.
Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount. Discount subject to qualification and can change without notice. Military Status Verification: Verification of military status is required. Acceptable proof includes Military ID, Retirement ID, or DD214 (Certificate of Release or Discharge from Active Duty). Terms and conditions apply. Cannot be combined with any other discounts.
Term: Up to 72 Months > $15k; Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount.
Published APR range: 4.49%-12%. Minimum Loan Amount: Min $5k
Published APR range: 4.49%-17%. Minimum Loan Amount: Min $10k
APR* As Low As; Rates and terms may vary depending on credit qualifications, direct deposit, and automatic payments from a 1DCU Checking or Savings account.
Minimum Loan Amount $4,000
Additional APR listed for this product: 4.74%, 4.99%, 5.74%. As Low As
New and Used
As Low As; APR or Annual Percentage Rates are listed
As Low As; Requires direct deposit with Parda Federal Credit Union; For qualified borrowers; Rate and term may vary based on credit score, year of collateral and loan-to-value
As Low As; Rates effective: October 12, 2026
As Low As; Vehicle Loans - New Vehicles / Motorcycles
Rates are based on credit score.
Credit Grade: A; Credit Score: 680-779; Car, Truck, Motorcycle, Motor Home
Credit Grade: A; Credit Score: 680-779; Car, Truck, Motorcycle, Motor Home
Credit Grade: A; Credit Score: 680-779; Car, Truck, Motorcycle, Motor Home
As Low As; Model Year: 2022 and Newer
As Low As; Model Years: 2026 - 2023; Effective Date: Tuesday, October 13th, 2026
- Oct 5, 20264.50%▲ from 4.49%
- Sep 14, 20264.49%first recorded
As Low As; Model Year: 2021 and newer
Credit Score: 700-800
Credit Score: 700-800
Published APR range: 4.55%-17.95%. Effective Date: 06/29/2026
As Low As; Fixed APR
- Sep 29, 20264.60%▲ from 2.99%
- Sep 14, 20262.99%first recorded
As Low As; APR = annual percentage rate and reflects the current minimum APR offered.
Published APR range: 4.65%-17.95%. Effective Date: 06/29/2026
Minimum Loan Amount $7,500
As Low As; Year/Amount: 2021 - 2027; APR may be higher based on members credit qualifications and loan type
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.
- Sep 18, 20264.74%▲ from 4.24%
- Sep 14, 20264.24%first recorded
Term: Up to 72 Months > $15k; Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount.
As Low As; 1
As Low As; 1
As Low As; 1
Published APR range: 4.74%-17.50%. Minimum Loan Amount: Min $10k
As Low As; New
New and Used
As Low As; Model Year: 2016 - 2026; New & Used
As Low As; Model Year: 2022 and Newer
As Low As
As Low As; Effective Date: Monday, October 12th, 2026; Term shows maximum number of months for loan
As Low As; Category: New Autos
As Low As; APR or Annual Percentage Rates are listed
As Low As; Requires direct deposit with Parda Federal Credit Union; For qualified borrowers; Rate and term may vary based on credit score, year of collateral and loan-to-value
Model year 2024; Additional APR listed for this product: 4.99%, 5.24%, 5.49%. As Low As; Model Years: 2018-2024
Model year 2026; Additional APR listed for this product: 4.99%, 5.24%, 5.49%. As Low As; Model Years: 2025-2026
As Low As; Auto Loan Rates table; Payment per $1,000 not recorded; Rates may be higher than advertised
As Low As; Auto Loan Rates table; Payment per $1,000 not recorded; Rates may be higher than advertised
As Low As; Auto Loan Rates table; Payment per $1,000 not recorded; Rates may be higher than advertised
As Low As; Auto Loan Rates table; Minimum loan amount of $25,001 required; Payment per $1,000 not recorded; Rates may be higher than advertised
As Low As; Model years 2026-2027 (no title)
As Low As; Model years 2027 and older (previously titled)
As Low As; Model Year: 2021 and newer
Term: Terms up to 60 months; As Low As; Model Year: 2024 and Newer
As Low As; Loan Amount: >15,000.00; New money only; APR may be higher based on credit score
Year: 2023-2021; Credit Tier: Max 100%1 A
Year: 2026-2024; Credit Tier: Max 100%1 A
Apply Today
Rates as low as
Rates as low as
Rates as low as
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.; 84 month term on new vehicles only based on credit score.
Credit Level: Gold; Credit Score: 730 and Up
Published APR range: 4.75%-17.95%. Effective Date: 06/29/2026
Vehicle loan; Effective as of 12/01/2025
For cars years 2025 and newer
For cars years 2025 and newer
For cars years 2024 and older
For cars years 2024 and older
As Low As; Vehicle Loans - New Vehicles / Motorcycles; Borrowing over $25,000.00
Vehicle Loans
As Low As; Rate and APR advertised assumes a FICO Credit Score of 680 or better and a loan amount example of $35,000 based on the maximum term noted.
Credit Score: 700-800
Credit Score: 620-699
Credit Score: 700-800
Credit Score: 620-699
Published APR range: 4.80%-17.95%. Effective Date: 06/29/2026
As Low As; Model Years: 2026 - 2023; Effective Date: Tuesday, October 13th, 2026
- Oct 5, 20264.80%▲ from 4.79%
- Sep 14, 20264.79%first recorded
Published APR range: 4.85%-17.95%. Effective Date: 06/29/2026
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20264.85%▲ from 3.80%
- Sep 17, 20263.80%first recorded
As Low As; APR = annual percentage rate and reflects the current minimum APR offered.
As Low As; Check out our low rates for New Vehicles; Loan Rates - Effective 10/13/2026
Model Year: New Auto 2025 & Newer
Minimum Loan Amount $10,000
Amount: Up to $90,000
Published APR range: 4.90%-17.95%. Effective Date: 06/29/2026
As Low As; APR = annual percentage rate and reflects the current minimum APR offered.
As Low As; Maximum Amount: 100% purchase price of vehicle; Term limits apply. Call Credit Union for details.
As Low As; Year/Amount: 2021 - 2027; APR may be higher based on members credit qualifications and loan type
Published APR range: 4.95%-17.95%. Effective Date: 06/29/2026
other rates available up to 84 months
Term: Up to 72 Months > $15k; 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.
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.
Rates includes a .25% discount for direct deposit and may vary based on credit history.
Term: Up to 84 Months > $25k; Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount.
Published APR range: 4.99%-18%. Minimum Loan Amount: Min $15k
Term: 2021 and older, up to 60 Months; Published APR range: 4.99%-17.50%.
Term: 2021 and older, up to 60 Months; Published APR range: 4.99%-17.50%.
APR* As Low As; Rates and terms may vary depending on credit qualifications, direct deposit, and automatic payments from a 1DCU Checking or Savings account.
Approximate monthly payment would be99% APR for 60 months. Actual rate offered based on overall creditworthiness factors, term, and satisfactory collateral. LTV may not exceed 100% exclusive of Guaranteed Asset Protection. Rates are subject to change at any time. Other conditions may apply.
Approximate monthly payment would be99% APR for 60 months. Actual rate offered based on overall creditworthiness factors, term, and satisfactory collateral. LTV may not exceed 100% exclusive of Guaranteed Asset Protection. Rates are subject to change at any time. Other conditions may apply.
Model Year: 2023 and newer; 87 month term requires minimum financed amount of $25,000.; 73-84 month term requires minimum financed amount of $25,000.; Annual Percentage Rate (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be04% for 36 months.; 90 days no payment offer available to credit scores of 660 and higher. Interest accrues during the deferral period.
Model Year: 2026-2021; Loyalty Discount; As Low As
Model Year: 2026-2021; Loyalty Discount; As Low As
Model Year: 2022 - 2025
Rates as low as
APR as low as; Effective Date: Monday, October 12th, 2026; Your individual rate (APR) will be determined based on your credit score
As Low As; Effective Date: Monday, October 12th, 2026; Loan Type: New 2026-2027
As Low As; Effective Date: Monday, October 12th, 2026
Year: New Titled Vehicles - 2024 & Newer; As Low As; APR* as low as; APRs based on financing up to 100% of value; 0.50% discount available with active checking account
Year: New Titled Vehicles - 2024 & Newer; As Low As; APR* as low as; APRs based on financing up to 100% of value; 0.50% discount available with active checking account
Year: New Titled Vehicles - 2024 & Newer; As Low As; APR* as low as; APRs based on financing up to 100% of value; 0.50% discount available with active checking account
Year: New Titled Vehicles - 2024 & Newer; As Low As; APR* as low as; 72 month term only available on model year 2020 or newer; APRs based on financing up to 100% of value; 0.50% discount available with active checking account
As Low As; Active checking account (direct deposit and auto pay) may qualify for 0.50% discount off posted rate tiers
As Low As; Active checking account (direct deposit and auto pay) may qualify for 0.50% discount off posted rate tiers
As Low As; Active checking account (direct deposit and auto pay) may qualify for 0.50% discount off posted rate tiers
As Low As; Active checking account (direct deposit and auto pay) may qualify for 0.50% discount off posted rate tiers
As Low As; Model Year: 2016 - 2026; New & Used
As Low As; Model Year: 2022 and Newer
- Oct 4, 20264.99%▲ from 3.99%
- Sep 25, 20263.99%▼ from 6.75%
- Sep 20, 20266.75%first recorded
As Low As; Model Year: 2021 - 2016
As Low As; Secured Loan Pricing - Base Rates
As Low As; Secured Loan Pricing - Base Rates
As Low As; Effective Date: Monday, October 12th, 2026; Term shows maximum number of months for loan
As Low As; Effective Date: Monday, October 12th, 2026; Term shows maximum number of months for loan
As Low As; Effective Date: Monday, October 12th, 2026; Term shows maximum number of months for loan
Michigan New Auto Auto Loan Rates
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
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.
Rates shown are starting rates. Rates are subject to change at any time. Your actual APR* may vary based on creditworthiness, loan amount, loan term, collateral, and other underwriting factors. Membership and eligibility requirements apply. A 0.25% rate discount is included in the rates shown for members who enroll in AutoPay with direct deposit from a PDCU checking or savings account.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Published APR range: 3.99%-11.50%. Minimum Loan Amount: Min $5k
Model Year: New Auto 2025 & Newer
As Low As; Model Years: 2026 - 2023; Effective Date: Tuesday, October 13th, 2026
As Low As; Vehicle Loans - New Vehicles / Motorcycles
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
As Low As; Rates are based on credit score.
Model Year: 2023 and newer; 87 month term requires minimum financed amount of $25,000.; 73-84 month term requires minimum financed amount of $25,000.; Annual Percentage Rate (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be04% for 36 months.; 90 days no payment offer available to credit scores of 660 and higher. Interest accrues during the deferral period.
As Low As; rates as low as 4.14% APR advertised for new, used, and refinance vehicles; as low as rate includes additional .25% APR reduction with automatic payment from a CASE checking account; CASE membership required; rate disclosed at closing
Model Year: New Auto 2025 & Newer
Term: Up to 72 Months > $15k; Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount.
As Low As
- Sep 22, 20264.24%▼ from 4.74%
- Sep 14, 20264.74%first recorded
New and Used
As Low As; Relationship APR
As Low As; Model Year: 2022 and Newer
As Low As
As Low As; Effective Date: Monday, October 12th, 2026; Term shows maximum number of months for loan
As Low As; Category: New Autos
Year: 2026-2024; Credit Tier: Max 100%1 A
- Oct 9, 20264.25%▼ from 4.75%
- Sep 14, 20264.75%first recorded
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Rate with 0% Down; Credit Score: 750+; Term Based on Loan Amount
As Low As; Rate and APR advertised assumes a FICO Credit Score of 680 or better and a loan amount example of $35,000 based on the maximum term noted.
As Low As; Rate and APR advertised assumes a FICO Credit Score of 680 or better and a loan amount example of $35,000 based on the maximum term noted.
As Low As; Rate and APR advertised assumes a FICO Credit Score of 680 or better and a loan amount example of $35,000 based on the maximum term noted.
As Low As; Model Years: 2026 - 2023; Effective Date: Tuesday, October 13th, 2026
- Oct 5, 20264.30%▲ from 4.29%
- Sep 14, 20264.29%first recorded
Model Year: New Auto 2025 & Newer
As Low As
Term: Up to 84 Months > $25k; Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount.
Published APR range: 4.49%-12%. Minimum Loan Amount: Min $5k
Published APR range: 4.49%-17%. Minimum Loan Amount: Min $10k
Minimum Loan Amount $4,000
Additional APR listed for this product: 4.74%, 4.99%, 5.74%. As Low As
New and Used
As Low As; Requires direct deposit with Parda Federal Credit Union; For qualified borrowers; Rate and term may vary based on credit score, year of collateral and loan-to-value
Rates are based on credit score.
As Low As; Model Year: 2022 and Newer
As Low As; Model Years: 2026 - 2023; Effective Date: Tuesday, October 13th, 2026
- Oct 5, 20264.50%▲ from 4.49%
- Sep 14, 20264.49%first recorded
As Low As; Model Year: 2021 and newer
Published APR range: 4.55%-17.95%. Effective Date: 06/29/2026
As Low As; Fixed APR
- Sep 29, 20264.60%▲ from 2.99%
- Sep 14, 20262.99%first recorded
Published APR range: 4.65%-17.95%. Effective Date: 06/29/2026
Minimum Loan Amount $7,500
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.
- Sep 18, 20264.74%▲ from 4.24%
- Sep 14, 20264.24%first recorded
Published APR range: 4.74%-17.50%. Minimum Loan Amount: Min $10k
As Low As; New
New and Used
As Low As; Model Year: 2016 - 2026; New & Used
As Low As; Model Year: 2022 and Newer
As Low As; Effective Date: Monday, October 12th, 2026; Term shows maximum number of months for loan
As Low As; Category: New Autos
As Low As; Requires direct deposit with Parda Federal Credit Union; For qualified borrowers; Rate and term may vary based on credit score, year of collateral and loan-to-value
As Low As; Model years 2026-2027 (no title)
As Low As; Model Year: 2021 and newer
Term: Terms up to 60 months; As Low As; Model Year: 2024 and Newer
Year: 2023-2021; Credit Tier: Max 100%1 A
Year: 2026-2024; Credit Tier: Max 100%1 A
Apply Today
Rates as low as
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.; 84 month term on new vehicles only based on credit score.
Credit Level: Gold; Credit Score: 730 and Up
Published APR range: 4.75%-17.95%. Effective Date: 06/29/2026
Vehicle loan; Effective as of 12/01/2025
For cars years 2025 and newer
For cars years 2025 and newer
Vehicle Loans
As Low As; Model Years: 2026 - 2023; Effective Date: Tuesday, October 13th, 2026
- Oct 5, 20264.80%▲ from 4.79%
- Sep 14, 20264.79%first recorded
Published APR range: 4.85%-17.95%. Effective Date: 06/29/2026
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20264.85%▲ from 3.80%
- Sep 17, 20263.80%first recorded
As Low As; Check out our low rates for New Vehicles; Loan Rates - Effective 10/13/2026
Model Year: New Auto 2025 & Newer
Minimum Loan Amount $10,000
Amount: Up to $90,000
As Low As; Maximum Amount: 100% purchase price of vehicle; Term limits apply. Call Credit Union for details.
Published APR range: 4.95%-17.95%. Effective Date: 06/29/2026
Term: Up to 72 Months > $15k; 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.
Published APR range: 4.99%-18%. Minimum Loan Amount: Min $15k
Term: 2021 and older, up to 60 Months; Published APR range: 4.99%-17.50%.
Approximate monthly payment would be99% APR for 60 months. Actual rate offered based on overall creditworthiness factors, term, and satisfactory collateral. LTV may not exceed 100% exclusive of Guaranteed Asset Protection. Rates are subject to change at any time. Other conditions may apply.
Model Year: 2023 and newer; 87 month term requires minimum financed amount of $25,000.; 73-84 month term requires minimum financed amount of $25,000.; Annual Percentage Rate (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be04% for 36 months.; 90 days no payment offer available to credit scores of 660 and higher. Interest accrues during the deferral period.
APR as low as; Effective Date: Monday, October 12th, 2026; Your individual rate (APR) will be determined based on your credit score
As Low As; Effective Date: Monday, October 12th, 2026; Loan Type: New 2026-2027
As Low As; Active checking account (direct deposit and auto pay) may qualify for 0.50% discount off posted rate tiers
As Low As; Active checking account (direct deposit and auto pay) may qualify for 0.50% discount off posted rate tiers
As Low As; Active checking account (direct deposit and auto pay) may qualify for 0.50% discount off posted rate tiers
As Low As; Active checking account (direct deposit and auto pay) may qualify for 0.50% discount off posted rate tiers
As Low As; Model Year: 2016 - 2026; New & Used
As Low As; Model Year: 2022 and Newer
- Oct 4, 20264.99%▲ from 3.99%
- Sep 25, 20263.99%▼ from 6.75%
- Sep 20, 20266.75%first recorded
As Low As; Secured Loan Pricing - Base Rates
As Low As; Effective Date: Monday, October 12th, 2026; Term shows maximum number of months for loan
As Low As; Effective Date: Monday, October 12th, 2026; Term shows maximum number of months for loan
As Low As; Effective Date: Monday, October 12th, 2026; Term shows maximum number of months for loan
Michigan Used Auto Auto Loan Rates
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
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.
Rates shown are starting rates. Rates are subject to change at any time. Your actual APR* may vary based on creditworthiness, loan amount, loan term, collateral, and other underwriting factors. Membership and eligibility requirements apply. A 0.25% rate discount is included in the rates shown for members who enroll in AutoPay with direct deposit from a PDCU checking or savings account.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Published APR range: 3.99%-11.50%. Minimum Loan Amount: Min $5k
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
As Low As; rates as low as 4.14% APR advertised for new, used, and refinance vehicles; as low as rate includes additional .25% APR reduction with automatic payment from a CASE checking account; CASE membership required; rate disclosed at closing
Term: Up to 72 Months > $15k; Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount.
Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount. Discount subject to qualification and can change without notice. Military Status Verification: Verification of military status is required. Acceptable proof includes Military ID, Retirement ID, or DD214 (Certificate of Release or Discharge from Active Duty). Terms and conditions apply. Cannot be combined with any other discounts.
As Low As
- Sep 22, 20264.24%▼ from 4.74%
- Sep 14, 20264.74%first recorded
New and Used
Year: 2026-2024; Credit Tier: Max 100%1 A
- Oct 9, 20264.25%▼ from 4.75%
- Sep 14, 20264.75%first recorded
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Rate with 0% Down; Credit Score: 750+; Term Based on Loan Amount
Term: Up to 84 Months > $25k; Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount.
Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount. Discount subject to qualification and can change without notice. Military Status Verification: Verification of military status is required. Acceptable proof includes Military ID, Retirement ID, or DD214 (Certificate of Release or Discharge from Active Duty). Terms and conditions apply. Cannot be combined with any other discounts.
Term: Up to 72 Months > $15k; Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount.
Published APR range: 4.49%-12%. Minimum Loan Amount: Min $5k
Published APR range: 4.49%-17%. Minimum Loan Amount: Min $10k
Minimum Loan Amount $4,000
Additional APR listed for this product: 4.74%, 4.99%, 5.74%. As Low As
New and Used
As Low As; Requires direct deposit with Parda Federal Credit Union; For qualified borrowers; Rate and term may vary based on credit score, year of collateral and loan-to-value
As Low As; Model Year: 2021 and newer
As Low As; Fixed APR
- Sep 29, 20264.60%▲ from 2.99%
- Sep 14, 20262.99%first recorded
Minimum Loan Amount $7,500
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.
- Sep 18, 20264.74%▲ from 4.24%
- Sep 14, 20264.24%first recorded
Term: Up to 72 Months > $15k; Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount.
Published APR range: 4.74%-17.50%. Minimum Loan Amount: Min $10k
New and Used
As Low As; Model Year: 2016 - 2026; New & Used
As Low As
As Low As; Requires direct deposit with Parda Federal Credit Union; For qualified borrowers; Rate and term may vary based on credit score, year of collateral and loan-to-value
As Low As; Model years 2027 and older (previously titled)
As Low As; Model Year: 2021 and newer
Term: Terms up to 60 months; As Low As; Model Year: 2024 and Newer
Year: 2023-2021; Credit Tier: Max 100%1 A
Year: 2026-2024; Credit Tier: Max 100%1 A
Rates as low as
Rates as low as
For cars years 2024 and older
For cars years 2024 and older
As Low As; Rate and APR advertised assumes a FICO Credit Score of 680 or better and a loan amount example of $35,000 based on the maximum term noted.
Published APR range: 4.80%-17.95%. Effective Date: 06/29/2026
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20264.85%▲ from 3.80%
- Sep 17, 20263.80%first recorded
As Low As; Check out our low rates for New Vehicles; Loan Rates - Effective 10/13/2026
Minimum Loan Amount $10,000
Published APR range: 4.90%-17.95%. Effective Date: 06/29/2026
As Low As; Maximum Amount: 100% purchase price of vehicle; Term limits apply. Call Credit Union for details.
Term: Up to 72 Months > $15k; 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.
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.
Term: Up to 84 Months > $25k; Military APR**; 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. Eligibility for a 1% rate discount on certain loan products, excluding Mortgages, Holiday Loans, Business Loans, Courtesy Pay loans, Loyalty Lines of Credit, Military Line of Credit, and promotional loan rate offers. This offer is available to Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the discount.
Published APR range: 4.99%-18%. Minimum Loan Amount: Min $15k
Term: 2021 and older, up to 60 Months; Published APR range: 4.99%-17.50%.
Term: 2021 and older, up to 60 Months; Published APR range: 4.99%-17.50%.
Approximate monthly payment would be99% APR for 60 months. Actual rate offered based on overall creditworthiness factors, term, and satisfactory collateral. LTV may not exceed 100% exclusive of Guaranteed Asset Protection. Rates are subject to change at any time. Other conditions may apply.
Rates as low as
As Low As; Effective Date: Monday, October 12th, 2026
As Low As; Model Year: 2016 - 2026; New & Used
As Low As; Model Year: 2021 - 2016
As Low As; Secured Loan Pricing - Base Rates
As Low As; Effective Date: Monday, October 12th, 2026; Term shows maximum number of months for loan
As Low As; Effective Date: Monday, October 12th, 2026; Term shows maximum number of months for loan
Michigan Auto Loan Rate Trends
Compare local Michigan 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.
Michigan new auto rates rose 0.014 points over the past 7 days to 5.112% APR.
Michigan used auto rates rose 0.034 points over the past 7 days to 5.869% APR.
Michigan 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 Michigan 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 Michigan 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 @ 5.11% APR MI average | Used Auto @ 5.87% APR MI average | Monthly Difference |
|---|---|---|---|
| $15,000 | $283.84/mo | $289.08/mo | $5.24/mo |
| $25,000 | $473.07/mo | $481.80/mo | $8.73/mo |
| $35,000 | $662.29/mo | $674.52/mo | $12.23/mo |
| $45,000 | $851.52/mo | $867.24/mo | $15.72/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 Michigan
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Michigan 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 Michigan. 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 Michigan 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: Michigan CD rates lock in a guaranteed return until you’re ready to buy
Michigan Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $568 monthly car payment works out to roughly 15.9% of the median individual income in Michigan. 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 Michigan, 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 Michigan. We’ve prefilled the APR with today’s MI 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 Michigan 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 Michigan 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 Michigan. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in MI.
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 Michigan
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 Michigan
How does my credit score affect my car loan rate in Michigan?
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 Michigan?
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 Michigan?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Michigan?
- United Federal Credit Union: 2.99% (Fixed Rate New & Used Auto Loans)
- ABD Federal Credit Union: 3.25% (New and Used Auto Loans)
- FreeStar Financial Credit Union: 3.74% (New or Used Vehicle, 2022 and Newer Loan)
- People Driven Credit Union: 3.74% (New & Used Auto Loan)
- Tri County Credit Union Marinette, WI: 3.75% (New or Used Vehicles, 2024 - Newer Titled Collateral Loan)
Michigan Rates & Resources
Auto Loan Rates by City in Michigan
