Michigan Auto Loan Rate Trends
Track current and weekly average auto loan rates in Michigan, view interactive rate trend charts, and compare local MI aprs against the national average.
Current Michigan Auto Loan Rate Trends
Auto Loan rates in Michigan rose 0.174 this week, pushing the New Auto Loan average to 5.274%, up from 5.100% last week.
At 5.274%, Michigan’s average sits 0.428 below the current national average of 5.702%. MI borrowers may have a competitive advantage relative to the national market.
The Michigan auto loan rate averages on this page are calculated from 755 verified auto loan rate quotes collected across 143 banks and credit unions actively operating in Michigan. Our proprietary systems collect and verify rates daily — tracking what real licensed institutions are actually quoting to borrowers, not rate sheet estimates.
Michigan Auto Loan Rate Trends Chart
Daily average rates since March 15, 2026. State data shown where available; national average used as fallback. Hover to see exact rates.
Michigan auto loan rate averages compiled from 755 current rate quotes across 143 banks and credit unions operating in MI — updated daily.
As of May 14, 2026 • Data provided by MonitorBankRates.com
Historical Auto Loan Rate Trends in Michigan
Quarterly average rates at credit unions headquartered in Michigan, 1994–present. Different methodology from the daily chart above — this series reflects portfolio rates self-reported to NCUA each quarter.
Based on reporting credit unions in Michigan (latest quarter).
Source: MonitorBankRates.com analysis of NCUA Call Report data, 1994–present.
Quarterly weighted averages calculated from credit union rate filings, weighted by loan portfolio balance.
