Grand Rapids, Michigan Best Auto Loan Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
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Current auto loan rates in Grand Rapids, Michigan include United Federal Credit UnionUnited Federal Credit Union1600 E Beltline Ave NE Ste 111, Grand Rapids, MI, 49525 7024A+5.0 ★Texas Ratio: 3.23% offering Auto Loan at 2.99%, Aeroquip Credit UnionAeroquip Credit Union6000 28th St SE, Grand Rapids, MI, 49546A+5.0 ★Texas Ratio: 2.73% offering New/Used Auto at 3.99%, 1166 Federal Credit Union1166 Federal Credit Union2900 Charlevoix Dr, Grand Rapids, MI, 49546A+5.0 ★Texas Ratio: 1.35% offering Auto Loans: New and Used - 36 Months at 4.24%, Members First Credit Union Midland, MIMembers First Credit Union Midland, MI150 Ann St NW, Grand Rapids, MI, 49505 6244A+5.0 ★Texas Ratio: 4.62% offering Auto Loan at 4.74%, AT&T Employees Federal Credit UnionAT&T Employees Federal Credit Union6000 28TH ST SE, GRAND RAPIDS, MI, 49546A+5.0 ★Texas Ratio: 0.73% offering New Autos & Motorcycles at 4.75%. Auto loan rates as of September 22, 2026 according to verified data from MonitorBankRates.
Grand Rapids has 15 local institutions in our database, with auto loan rates as low as 2.99% APR from United Federal Credit Union at 1600 E Beltline Ave NE Ste 111, Grand Rapids, MI, 49525 7024. Use the tabs below to compare new and used auto loan rates. Rates are continually updated, so we recommend checking back frequently.
Auto loan rates reflect recent market quotes and representative offers available to borrowers in Grand Rapids, Michigan. Auto Loan Rates Last Updated and Verified: September 22, 2026
Compare Auto Loan Rates Today in Grand Rapids, Michigan & Surrounding Area
Grand Rapids Auto Loan Rates
with autopay from a United checking account.
Published APR range: 3.99%-11.50%. Minimum Loan Amount: Min $5k
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
Published APR range: 4.49%-12%. Minimum Loan Amount: Min $5k
Published APR range: 4.49%-17%. Minimum Loan Amount: Min $10k
Vehicle Model Years: 2020 or Newer**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
Published APR range: 4.74%-17.50%. Minimum Loan Amount: Min $10k
APR = Annual Percentage Rate. Rates may be higher than advertised. Final rate is determined by loan applicant's creditworthiness, qualifications and collateral conditions. All rates are subject to change.
APR = Annual Percentage Rate. Rates may be higher than advertised. Final rate is determined by loan applicant's creditworthiness, qualifications and collateral conditions. All rates are subject to change.
APR = Annual Percentage Rate. Rates may be higher than advertised. Final rate is determined by loan applicant's creditworthiness, qualifications and collateral conditions. All rates are subject to change.
A minimum loan amount of $25,001 required.
Credit Level: Gold; Credit Score: 730 and Up
Credit score of 700 plus. No late payments with Credit Union, or 30 days past due within 365 days. No bankruptcy in the last 3 years. Term based on year of vehicle. See terms below.
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%.
As low as
As low as
As Low As*
Vehicle Model Years: 2022 or Newer; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As low as
As low as
As low as
As low as
As Low As*
Credit Level: Gold; Credit Score: 730 and Up
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
As low as
As low as
As Low As*
As Low As*
As Low As*
2024 & Newer. Discounts have been added to give the lowest possible rates. Some products require active checking account and auto payment transfer to receive lowest rate.
Model years 2019 - 2025 over 10K miles
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
Published APR range: 5.74%-19%. Minimum Loan Amount: Min $20k
Term: 2021 and older ($20,000 Minimum, 61-72 Months); Published APR range: 5.74% - 19%.
As Low As*
Credit Level: Crystal; Credit Score: 669 - 620
Credit Level: Silver; Credit Score: 729 - 670
Model Year: 2023-2020; Credit Level: Gold; Credit Score: 730 and Up
2024 & Newer. Discounts have been added to give the lowest possible rates. Some products require active checking account and auto payment transfer to receive lowest rate.
As Low As; Rate includes Loan Rebate, restrictions apply.
As Low As*
As Low As*
Term: 85-96 Months (New Only, $50,000 Minimum)
As low as
As low as
Credit Level: Gold; Credit Score: 730 and Up
Model Year: 2023-2020; Credit Level: Silver; Credit Score: 729 - 670
APR based on 60 months and $45,000 financing. For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term.
APR based on 60 months and $30,000 financing. For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term.
Effective Date: June 15, 2026
As low as
As low as
As Low As*
Model Year: 2020-2017; Credit Level: Gold; Credit Score: 730 and Up
As Low As; Rate includes Loan Rebate, restrictions apply.
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
2024 & Newer. Discounts have been added to give the lowest possible rates. Some products require active checking account and auto payment transfer to receive lowest rate.
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
Credit Level: Crystal; Credit Score: 669 - 620
Credit Level: Gold; Credit Score: 730 and Up
Credit Level: Gold; Credit Score: 730 and Up
As Low As; Rate includes Loan Rebate, restrictions apply.
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
Credit Level: Silver; Credit Score: 729 - 670
Model Year: 2020-2017; Credit Level: Silver; Credit Score: 729 - 670
2024 & Newer. Discounts have been added to give the lowest possible rates. Some products require active checking account and auto payment transfer to receive lowest rate.
Year: 2021 - 2023; As Low As; *
Year: 2019 - 2020; As Low As; *
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
As Low As*
Model years 2018 or older
Year: 2017 - 2018; As Low As; *
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
Credit Level: Crystal; Credit Score: 669 - 620
Published APR range: 7.75% - 8.00%. Model Years: Any model year; 20% - Equity - 0%
Published APR range: 7.875% - 8.125%. Model Years: Any model year; 20% - Equity - 0%
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
Credit Level: Crystal; Credit Score: 669 - 620
Model Year: 2016-2012; Credit Level: Gold; Credit Score: 730 and Up
Published APR range: 8.00% - 8.25%. Model Years: Any model year; 20% - Equity - 0%
Published APR range: 8.125% - 8.375%. Model Years: 2018 or newer; 20% - Equity - 0%
Year: 2016 & Older; As Low As; *
Credit Level: Crystal; Credit Score: 669 - 620
Model Year: 2016-2012; Credit Level: Silver; Credit Score: 729 - 670
Published APR range: 8.25% - 8.50%. Model Years: 2019 or newer; 20% - Equity - 0%
Published APR range: 8.375% - 8.625%. Model Years: 2020 or newer; 20% - Equity - 0%
Includes: autos, vans, and trucks. Will finance up to 95% of the retail value according to the NADA. Risk based pricing applies.
Published APR range: 8.50% - 8.75%. Model Years: 2021 or newer; 20% - Equity - 0%
Published APR range: 8.625% - 8.875%. Model Years: 2022 or newer; 20% - Equity - 0%
Model Year: 2012-2007; Credit Level: Gold; Credit Score: 730 and Up
Published APR range: 8.75% - 9.00%. Model Years: 2023, 2024, 2025, or 2026; 20% - Equity - 0%
Model Year: 2012-2007; Credit Level: Crystal; Credit Score: 669 - 620
As Low As; Rate includes Loan Rebate, restrictions apply.
As Low As; Rates include a 0.50% rate discount below the base APR for 80% Loan to Value and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. APR = Annual Percentage Rate. The base APR available varies by state, as high as 11.39% APR (as high as 17.00% APR in Arkansas and Oklahoma) depending on credit performance, loan-to-value and terms of the loan.
Model Year: 2023-2020; Credit Level: Bronze; Credit Score: 619 - 570
Model Year: 2016-2012; Credit Level: Bronze; Credit Score: 619 - 570
Model Year: 2012-2007; Credit Level: Bronze; Credit Score: 619 - 570
Credit Level: Bronze; Credit Score: 619 - 570
Model Year: 2020-2017; Credit Level: Bronze; Credit Score: 619 - 570
Model Year: 2023-2020; Credit Level: Quartz; Credit Score: 569 and Under
Credit Level: Bronze; Credit Score: 619 - 570
Credit Level: Bronze; Credit Score: 619 - 570
Credit Level: Bronze; Credit Score: 619 - 570
Credit Level: Bronze; Credit Score: 619 - 570
Credit Level: Quartz; Credit Score: 569 and Under
Model Year: 2020-2017; Credit Level: Quartz; Credit Score: 569 and Under
Model Year: 2016-2012; Credit Level: Quartz; Credit Score: 569 and Under
Credit Level: Quartz; Credit Score: 569 and Under
Credit Level: Quartz; Credit Score: 569 and Under
Credit Level: Quartz; Credit Score: 569 and Under
Credit Level: Quartz; Credit Score: 569 and Under
No payments for the first 90 days of your new loan; Up to 115% financing; Lock your rate in for up to 45 days while you shop; CARFAX Reporting
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.
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
As Low As
Term: 12 - 36 months* Limited-Time Offer; As Low As; Limited-Time Offer
Limited-Time Offer
New Vehicles / Motorcycles; apr = annual percent rate
As low as
As Low As; Rates are based on credit score.
Advertised rate is the lowest rate available. Rates and terms may vary depending on credit qualifications, direct deposit and auto pay from a DMCU 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.
New, Used or Refinance as low as. APR is Annual Percentage Rate. Click for details.
As low as rate reflects additional .25% APR reduction that is available when you sign up for automatic payment of your loan from a CASE checking account (must be requested at the time of loan closing, excludes pledge loans, real estate loans, lines of credit, Home Equity Lines of Credit, business loans and VISA's).
As low as
Vehicles with over 100,000 miles are subject to an additional .50% rate increase. Certain loans may have more requirements.
Relationship Rate
As Low As; Consumer Loans Special 0.26 basis points off with automatic transfer of payments. (Discount already applied).
As Low As; Some restrictions may apply.
As Low As
Loan Amount: n/a
As Low As
Additional APR listed for this product: 4.74%. As Low As
Term: Term Based on Loan Amount - Up to 84 Months; Credit Score: 750+
Year: 2026-2024; Credit Tier: Max 100% A
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; 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. The payment examples shown above do not include GAP premiums, or other insurance premium amounts, which will increase your monthly payment obligation. Your actual payment may vary based on the term, credit score and amount financed.
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. The payment examples shown above do not include GAP premiums, or other insurance premium amounts, which will increase your monthly payment obligation. Your actual payment may vary based on the term, credit score and amount financed.
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. The payment examples shown above do not include GAP premiums, or other insurance premium amounts, which will increase your monthly payment obligation. Your actual payment may vary based on the term, credit score and amount financed.
As low as
As Low As; Year/Amount: 2021 - 2027
As Low As
As Low As
Model Year: 2022-2026
As Low As*
Rates includes a .25% discount for direct deposit and may vary based on credit history. As low as
As Low As
Term: Flexible Terms Available; As Low As; *
Term: Flexible Terms Available; As Low As; *
As Low As
New Vehicles / Motorcycles; apr = annual percent rate
Minimum Loan Amount $4,000
Additional APR listed for this product: 4.74%, 4.99%, 5.74%. As Low As
Rates are based on credit score.
As Low As
Model Year: 2021 and newer
Model Year: 2020 and older
Credit Score: 700-800
Credit Score: 700-800
New Auto (2025-2026)
APR as low as
As Low As; Year/Amount: 2021 - 2027
APR* (as low as)
Minimum Loan Amount $7,500
New Auto (2025-2026)
Model Year: 2016 - 2026; APR as low as**
As Low As; Consumer Loans Special 0.26 basis points off with automatic transfer of payments. (Discount already applied).
New Auto (2025-2026)
Grand Rapids New Auto Auto Loan Rates
Published APR range: 3.99%-11.50%. Minimum Loan Amount: Min $5k
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
Published APR range: 4.49%-12%. Minimum Loan Amount: Min $5k
Published APR range: 4.49%-17%. Minimum Loan Amount: Min $10k
Vehicle Model Years: 2020 or Newer**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
Published APR range: 4.74%-17.50%. Minimum Loan Amount: Min $10k
Credit Level: Gold; Credit Score: 730 and Up
Credit score of 700 plus. No late payments with Credit Union, or 30 days past due within 365 days. No bankruptcy in the last 3 years. Term based on year of vehicle. See terms below.
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%.
As low as
As Low As*
Vehicle Model Years: 2022 or Newer; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As low as
As low as
As Low As*
Credit Level: Gold; Credit Score: 730 and Up
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
As low as
As Low As*
Published APR range: 5.74%-19%. Minimum Loan Amount: Min $20k
Term: 2021 and older ($20,000 Minimum, 61-72 Months); Published APR range: 5.74% - 19%.
As Low As*
Credit Level: Crystal; Credit Score: 669 - 620
Credit Level: Silver; Credit Score: 729 - 670
As Low As*
As Low As*
Term: 85-96 Months (New Only, $50,000 Minimum)
As low as
Credit Level: Gold; Credit Score: 730 and Up
APR based on 60 months and $45,000 financing. For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term.
As low as
As Low As*
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
Credit Level: Crystal; Credit Score: 669 - 620
Credit Level: Gold; Credit Score: 730 and Up
Credit Level: Gold; Credit Score: 730 and Up
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
Credit Level: Silver; Credit Score: 729 - 670
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
Credit Level: Crystal; Credit Score: 669 - 620
Published APR range: 7.75% - 8.00%. Model Years: Any model year; 20% - Equity - 0%
Published APR range: 7.875% - 8.125%. Model Years: Any model year; 20% - Equity - 0%
Credit Level: Crystal; Credit Score: 669 - 620
Published APR range: 8.00% - 8.25%. Model Years: Any model year; 20% - Equity - 0%
Published APR range: 8.125% - 8.375%. Model Years: 2018 or newer; 20% - Equity - 0%
Credit Level: Crystal; Credit Score: 669 - 620
Published APR range: 8.25% - 8.50%. Model Years: 2019 or newer; 20% - Equity - 0%
Published APR range: 8.375% - 8.625%. Model Years: 2020 or newer; 20% - Equity - 0%
Published APR range: 8.50% - 8.75%. Model Years: 2021 or newer; 20% - Equity - 0%
Published APR range: 8.625% - 8.875%. Model Years: 2022 or newer; 20% - Equity - 0%
Published APR range: 8.75% - 9.00%. Model Years: 2023, 2024, 2025, or 2026; 20% - Equity - 0%
Credit Level: Bronze; Credit Score: 619 - 570
Credit Level: Bronze; Credit Score: 619 - 570
Credit Level: Bronze; Credit Score: 619 - 570
Credit Level: Bronze; Credit Score: 619 - 570
Credit Level: Bronze; Credit Score: 619 - 570
Credit Level: Quartz; Credit Score: 569 and Under
Credit Level: Quartz; Credit Score: 569 and Under
Credit Level: Quartz; Credit Score: 569 and Under
Credit Level: Quartz; Credit Score: 569 and Under
Credit Level: Quartz; Credit Score: 569 and Under
No payments for the first 90 days of your new loan; Up to 115% financing; Lock your rate in for up to 45 days while you shop; CARFAX Reporting
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.
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.
New Vehicles / Motorcycles; apr = annual percent rate
As low as
As Low As; Rates are based on credit score.
Advertised rate is the lowest rate available. Rates and terms may vary depending on credit qualifications, direct deposit and auto pay from a DMCU 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.
As low as rate reflects additional .25% APR reduction that is available when you sign up for automatic payment of your loan from a CASE checking account (must be requested at the time of loan closing, excludes pledge loans, real estate loans, lines of credit, Home Equity Lines of Credit, business loans and VISA's).
As low as
Relationship Rate
As Low As; Consumer Loans Special 0.26 basis points off with automatic transfer of payments. (Discount already applied).
As Low As; Some restrictions may apply.
Additional APR listed for this product: 4.74%. As Low As
Term: Term Based on Loan Amount - Up to 84 Months; Credit Score: 750+
Year: 2026-2024; Credit Tier: Max 100% A
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; 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. The payment examples shown above do not include GAP premiums, or other insurance premium amounts, which will increase your monthly payment obligation. Your actual payment may vary based on the term, credit score and amount financed.
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. The payment examples shown above do not include GAP premiums, or other insurance premium amounts, which will increase your monthly payment obligation. Your actual payment may vary based on the term, credit score and amount financed.
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. The payment examples shown above do not include GAP premiums, or other insurance premium amounts, which will increase your monthly payment obligation. Your actual payment may vary based on the term, credit score and amount financed.
As low as
As Low As
Model Year: 2022-2026
As Low As*
Term: Flexible Terms Available; As Low As; *
Minimum Loan Amount $4,000
Additional APR listed for this product: 4.74%, 4.99%, 5.74%. As Low As
Rates are based on credit score.
Model Year: 2021 and newer
New Auto (2025-2026)
APR* (as low as)
Minimum Loan Amount $7,500
New Auto (2025-2026)
Model Year: 2016 - 2026; APR as low as**
New Auto (2025-2026)
Grand Rapids Used Auto Auto Loan Rates
Published APR range: 3.99%-11.50%. Minimum Loan Amount: Min $5k
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
Published APR range: 4.49%-12%. Minimum Loan Amount: Min $5k
Published APR range: 4.49%-17%. Minimum Loan Amount: Min $10k
Vehicle Model Years: 2020 or Newer**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
Published APR range: 4.74%-17.50%. Minimum Loan Amount: Min $10k
Credit score of 700 plus. No late payments with Credit Union, or 30 days past due within 365 days. No bankruptcy in the last 3 years. Term based on year of vehicle. See terms below.
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%.
As low as
Vehicle Model Years: 2022 or Newer; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As low as
As low as
As low as
Model years 2019 - 2025 over 10K miles
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
Published APR range: 5.74%-19%. Minimum Loan Amount: Min $20k
Term: 2021 and older ($20,000 Minimum, 61-72 Months); Published APR range: 5.74% - 19%.
Model Year: 2023-2020; Credit Level: Gold; Credit Score: 730 and Up
Term: 85-96 Months (New Only, $50,000 Minimum)
As low as
Model Year: 2023-2020; Credit Level: Silver; Credit Score: 729 - 670
APR based on 60 months and $30,000 financing. For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term.
As low as
Model Year: 2020-2017; Credit Level: Gold; Credit Score: 730 and Up
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
Model Year: 2020-2017; Credit Level: Silver; Credit Score: 729 - 670
Year: 2021 - 2023; As Low As; *
Year: 2019 - 2020; As Low As; *
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
Model years 2018 or older
Year: 2017 - 2018; As Low As; *
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
Published APR range: 7.75% - 8.00%. Model Years: Any model year; 20% - Equity - 0%
Published APR range: 7.875% - 8.125%. Model Years: Any model year; 20% - Equity - 0%
All rates shown are "As Low As". Individual rates and terms may vary based on credit review and other factors.
Model Year: 2016-2012; Credit Level: Gold; Credit Score: 730 and Up
Published APR range: 8.00% - 8.25%. Model Years: Any model year; 20% - Equity - 0%
Published APR range: 8.125% - 8.375%. Model Years: 2018 or newer; 20% - Equity - 0%
Year: 2016 & Older; As Low As; *
Model Year: 2016-2012; Credit Level: Silver; Credit Score: 729 - 670
Published APR range: 8.25% - 8.50%. Model Years: 2019 or newer; 20% - Equity - 0%
Published APR range: 8.375% - 8.625%. Model Years: 2020 or newer; 20% - Equity - 0%
Published APR range: 8.50% - 8.75%. Model Years: 2021 or newer; 20% - Equity - 0%
Published APR range: 8.625% - 8.875%. Model Years: 2022 or newer; 20% - Equity - 0%
Model Year: 2012-2007; Credit Level: Gold; Credit Score: 730 and Up
Published APR range: 8.75% - 9.00%. Model Years: 2023, 2024, 2025, or 2026; 20% - Equity - 0%
Model Year: 2012-2007; Credit Level: Crystal; Credit Score: 669 - 620
Model Year: 2023-2020; Credit Level: Bronze; Credit Score: 619 - 570
Model Year: 2016-2012; Credit Level: Bronze; Credit Score: 619 - 570
Model Year: 2012-2007; Credit Level: Bronze; Credit Score: 619 - 570
Model Year: 2020-2017; Credit Level: Bronze; Credit Score: 619 - 570
Model Year: 2023-2020; Credit Level: Quartz; Credit Score: 569 and Under
Model Year: 2020-2017; Credit Level: Quartz; Credit Score: 569 and Under
Model Year: 2016-2012; Credit Level: Quartz; Credit Score: 569 and Under
No payments for the first 90 days of your new loan; Up to 115% financing; Lock your rate in for up to 45 days while you shop; CARFAX Reporting
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.
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.
Advertised rate is the lowest rate available. Rates and terms may vary depending on credit qualifications, direct deposit and auto pay from a DMCU 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.
As low as rate reflects additional .25% APR reduction that is available when you sign up for automatic payment of your loan from a CASE checking account (must be requested at the time of loan closing, excludes pledge loans, real estate loans, lines of credit, Home Equity Lines of Credit, business loans and VISA's).
Additional APR listed for this product: 4.74%. As Low As
Term: Term Based on Loan Amount - Up to 84 Months; Credit Score: 750+
Year: 2026-2024; Credit Tier: Max 100% A
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*
Term: Flexible Terms Available; As Low As; *
Minimum Loan Amount $4,000
Additional APR listed for this product: 4.74%, 4.99%, 5.74%. As Low As
Model Year: 2020 and older
APR* (as low as)
Minimum Loan Amount $7,500
Model Year: 2016 - 2026; APR as low as**
As Low As; Consumer Loans Special 0.26 basis points off with automatic transfer of payments. (Discount already applied).
Grand Rapids, MI Auto Loan Rate Trends
Compare local Grand Rapids, MI 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 0.215 points over the past 7 days to 5.656% APR.
Michigan used auto rates rose 0.307 points over the past 7 days to 6.050% APR.
Grand Rapids, MI 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 @ 5.66% APR MI average | Used Auto @ 6.05% APR MI average | Monthly Difference |
|---|---|---|---|
| $15,000 | $287.60/mo | $290.34/mo | $2.74/mo |
| $25,000 | $479.33/mo | $483.90/mo | $4.57/mo |
| $35,000 | $671.07/mo | $677.46/mo | $6.39/mo |
| $45,000 | $862.80/mo | $871.02/mo | $8.22/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 Grand Rapids, Michigan
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Grand Rapids, 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 Grand Rapids, 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: Grand Rapids, Michigan CD rates lock in a guaranteed return until you’re ready to buy
Grand Rapids, Michigan Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $575 monthly car payment works out to roughly 17.6% of the median individual income in Grand Rapids, Michigan. Most budgeting guidelines suggest keeping total vehicle costs (payment, insurance, fuel, and maintenance) under 15–20% of take-home pay.
Auto Financing Options Compared
An auto loan isn’t the only way to finance a vehicle in Grand Rapids, 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 1–3 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 (0–2.9% 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 Grand Rapids, 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 Grand Rapids, 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 Grand Rapids, 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 Grand Rapids, 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.
Frequently Asked Questions about Auto Loans in Grand Rapids, 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 Grand Rapids, 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?
What are the best Auto Loan rates in Grand Rapids, Michigan?
- United Federal Credit Union: 2.99% (Auto Loan)
- Aeroquip Credit Union: 3.99% (New/Used Auto)
- 1166 Federal Credit Union: 4.24% (Auto Loans: New and Used - 36 Months)
- Members First Credit Union Midland, MI: 4.74% (Auto Loan)
- AT&T Employees Federal Credit Union: 4.75% (New Autos & Motorcycles)
Grand Rapids, Michigan Rates & Resources
