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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.

New Auto Loan
5.285%
▼ 0.061 this week
As of Apr 23, 2026
Used Auto Loan
5.671%
▼ 0.080 this week
As of Apr 23, 2026

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Current Michigan Auto Loan Rate Trends

Auto Loan rates in Michigan fell 0.061 this week to 5.285%, down from 5.346% last week.

At 5.285%, Michigan’s average sits 0.422 below the current national average of 5.707%. MI borrowers may have a competitive advantage relative to the national market.

The Michigan auto loan rate averages on this page are calculated from 741 verified auto loan rate quotes collected across 139 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 741 current rate quotes across 139 banks and credit unions operating in MI — updated daily.

As of Apr 23, 2026 • Data provided by MonitorBankRates.com

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Free embeddable iframe widget displaying live weekly average Michigan auto loan rates. Updates automatically each week. Compatible with any CMS or website builder.