Current auto loan rates in Erie, Pennsylvania include I B E W LOCAL 56I B E W LOCAL 56962 W 20TH ST, Erie, PA, 16502 2401A5.0 ★Texas Ratio: 9.60% offering New Vehicle Loans - All Automobiles, Trucks, Motorcycles and Motor Homes at 4.10%, Tri State Rail Federal Credit UnionTri State Rail Federal Credit Union110 W 13th St, Erie, PA, 16501A+5.0 ★Texas Ratio: 0.94% offering Vehicle Loan at 4.24%, Erie Police Federal Credit UnionErie Police Federal Credit Union300 State St Ste 303, Erie, PA, 16507A+5.0 ★Texas Ratio: 0.00% offering New & Used Car Loan at 4.24%, Americo Federal Credit UnionAmerico Federal Credit Union4101 Main St, Erie, PA, 16511A+5.0 ★Texas Ratio: 4.30% offering Autos & Motorcycles (2022 & Newer) at 4.49%, Saint Vincent Erie Federal Credit UnionSaint Vincent Erie Federal Credit Union2314 Sassafras St Ste 100, Erie, PA, 16502A+5.0 ★Texas Ratio: 0.67% offering New Car Loan at 4.49%. Auto loan rates as of September 22, 2026 according to verified data from MonitorBankRates.
Erie has 8 local institutions in our database, with auto loan rates as low as 4.10% APR from I B E W LOCAL 56 at 962 W 20TH ST, Erie, PA, 16502 2401. 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 Erie, Pennsylvania. Auto Loan Rates Last Updated and Verified: September 22, 2026
Additional APR listed for this product: 6.40%. Rates as Low as*
Model Year: 2021 - 2026; Mileage: <50,0000 miles
Model Year: 2021 - 2026; Mileage: <50,0000 miles
Model Year: 2021 - 2026; Mileage: <50,0000 miles
Model Year: 2021 - 2026; Mileage: <50,0000 miles
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $15,000
Additional APR listed for this product: 6.65%. Rates as Low as*
Model Year: 2021 - 2026; Mileage: <50,0000 miles
Model Year: 2021 - 2026; Mileage: > 50,000 Miles
Model Year: 2021 - 2026; Mileage: > 50,000 Miles
Model Year: 2021 - 2026; Mileage: > 50,000 Miles
Model Year: 2021 - 2026; Mileage: > 50,000 Miles
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $15,000
As Low As; **
As Low As; **
Either 100% of NADA retail value, or the purchase price - whichever is lower.
Amount Financed: Either 100% of NADA retail value (plus or minus for mileage), or the purchase price - whichever is lower.; Model Year: 2024 - 2025
Maximum: Retail Value
Additional APR listed for this product: 6.90%. Rates as Low as*
Model Year: 2021 - 2026; Mileage: <50,0000 miles
Model Year: 2018 - 2020
Model Year: 2018 - 2020
Model Year: 2018 - 2020
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $15,000
Either 100% of NADA retail value, or the purchase price - whichever is lower.
Amount Financed: Either 100% of NADA retail value (plus or minus for mileage), or the purchase price - whichever is lower.; Model Year: 2024 - 2025
Maximum: Retail Value
Additional APR listed for this product: 7.15%. Rates as Low as*
Model Year 2018-2019: Add 0.75% APR*
Additional APR listed for this product: 5.70%. Model Year 2018-2019: Add 0.75% APR*
Model Year: 2016 - 2017
Model Year: 2016 - 2017
Model Year: 2016 - 2017
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $15,000
As Low As; **
Either 100% of NADA retail value, or the purchase price - whichever is lower.
Amount Financed: Either 100% of NADA retail value (plus or minus for mileage), or the purchase price - whichever is lower.; Model Year: 2024 - 2025
Amount Financed: Either 100% of NADA retail value (plus or minus for mileage), or the purchase price - whichever is lower.; Model Year: 2020 - 2023
Additional APR listed for this product: 7.65%. Rates as Low as*
Model Year 2023-2020; Credit Score between 660 and 719; Min. value of car $15,000
Model Year 2018-2019: Add 0.75% APR*
Model Year: 2018 - 2020
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $25,000
Model Year 2023-2020; Credit Score between 660 and 719; Min. value of car $15,000
Either 100% of NADA retail value, or the purchase price - whichever is lower.
Amount Financed: Either 100% of NADA retail value (plus or minus for mileage), or the purchase price - whichever is lower.; Model Year: 2024 - 2025
Amount Financed: Either 100% of NADA retail value (plus or minus for mileage), or the purchase price - whichever is lower.; Model Year: 2020 - 2023
Maximum: Retail Value
Maximum: Retail Value
Model Year 2018-2019: Add 0.75% APR*
Model Year 2023-2020; Credit Score between 660 and 719; Min. value of car $15,000
As Low As; **
Amount Financed: Either 100% of NADA retail value (plus or minus for mileage), or the purchase price - whichever is lower.; Model Year: 2020 - 2023
Maximum: Retail Value
Maximum: Retail Value
Rates as Low as*
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $30,000
Either 100% of NADA retail value, or the purchase price - whichever is lower.
Amount Financed: Either 100% of NADA retail value (plus or minus for mileage), or the purchase price - whichever is lower.; Model Year: 2024 - 2025
Model Year 2018-2019: Add 0.75% APR*
Model Year 2023-2020; Credit Score between 660 and 719; Min. value of car $15,000
As Low As; **
Maximum: Retail Value
Maximum: Retail Value
Maximum: Retail Value
Model Year: 2014 - 2015
Model Year: 2014 - 2015
Model Year: 2014 - 2015
Model Year 2023-2020; Credit Score between 660 and 719; Min. value of car $25,000
Maximum: Retail Value
Maximum: Retail Value
Model Year: 2025 or newer
Model Year: 2025 or newer
Model Year: 2025 or newer
As Low As; **
Model Year: 2025 or newer
Maximum: Retail Value
Model Year: 2023-2024
Model Year: 2023-2024
Model Year: 2023-2024
Model Year: 2023-2024
Model Year: 2025 or newer
Model Year 2019-2016; Credit Score between 660 and 719; Min. value of car $15,000
Maximum: 80% of Retail Value
Maximum: Retail Value
Maximum: Retail Value
Model Year: 2023-2024
Model Year: 2025 or newer
Model Year: 2022
Model Year: 2022
Model Year: 2022
Model Year: 2022
Model Year: 2025 or newer
Model Year 2023-2020; Credit Score between 660 and 719; Min. value of car $30,000
Model Year 2019-2016; Credit Score between 660 and 719; Min. value of car $15,000
As Low As; **
Model Year: 2023-2024
Model Year: 2025 or newer
Maximum: Retail Value
Model Year: 2022
Model Year: 2023-2024
Additional APR listed for this product: 7.65%. As Low As; Model Year 2018-2019: Add 0.75% APR*
Model Year: 2020
Model Year: 2020
Model Year: 2020
Model Year: 2023-2024
Model Year: 2025 or newer
Model Year: 2019
Model Year: 2020
Model Year: 2022
As Low As; Model Year 2018-2019: Add 0.75% APR*
As Low As; **
Model Year: 2020
Model Year: 2022
Additional APR listed for this product: 8.15%. As Low As; Model Year 2018-2019: Add 0.75% APR*
Model Year 2019-2016; Credit Score between 660 and 719; Min. value of car $15,000
As Low As; **
Model Year: 2020
Model Year: 2018
Model Year: 2018
Model Year: 2018
As Low As; Model Year 2018-2019: Add 0.75% APR*
Model Year 2019-2016; Credit Score between 660 and 719; Min. value of car $15,000
Model Year: 2018
Model Year: 2017
Model Year: 2017
Model Year: 2017
Model Year: 2017
As Low As; Model Year 2018-2019: Add 0.75% APR*
As Low As; Model Year 2016-2017: Add 1.25% APR*
As Low As; *** **
As Low As; **
with autopay from a United checking account.
As low as; 2023 & newer; with less than 45,000 miles and valued at $15,000 or more
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As low as; Model Year: 2026-2025
APR*
APR*
2023 & newer; As low as
As low as; Model Year: 2026-2025
As Low As
Model Year: 2026 - 2024
2023 & newer; As low as
Published APR range: 3.490% - 8.990%. Zero Down Payment
Published APR range: 3.490% - 9.240%. Zero Down Payment
APR*
APR*
APR range: 3.50% - 9.00% APR*
APR*
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As low as
APR*
APR*
APR range: 3.75% - 9.50% APR*
APR*
Published rate range: 3.75%-12.80%.
Published rate range: 3.75%-12.75%.
New vehicle can be financed up to 84 Months. Used vehicle can be financed up to 72 Months. Certain limitations may apply.
Published APR range: 3.75%-11.70%.
as low as 3.75% with Relationship Rewards Example Payment Disclosure: To finance an auto loan of $15,000 at 4.75% APR for 36 months with $0.00 down payment would be a payment of $447.88 per month
As Low As
As Low As
As Low As
As Low As; Fixed
As Low As; Fixed
Additional APR listed for this product: 6.40%. Rates as Low as*
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $15,000
Additional APR listed for this product: 6.65%. Rates as Low as*
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $15,000
As Low As; **
As Low As; **
Either 100% of NADA retail value, or the purchase price - whichever is lower.
Maximum: Retail Value
Additional APR listed for this product: 6.90%. Rates as Low as*
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $15,000
Either 100% of NADA retail value, or the purchase price - whichever is lower.
Maximum: Retail Value
Additional APR listed for this product: 7.15%. Rates as Low as*
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $15,000
As Low As; **
Either 100% of NADA retail value, or the purchase price - whichever is lower.
Additional APR listed for this product: 7.65%. Rates as Low as*
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $25,000
Either 100% of NADA retail value, or the purchase price - whichever is lower.
Maximum: Retail Value
As Low As; **
Rates as Low as*
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $30,000
Either 100% of NADA retail value, or the purchase price - whichever is lower.
Maximum: Retail Value
As Low As; *** **
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
APR*
APR*
As Low As
Published APR range: 3.490% - 8.990%. Zero Down Payment
Published APR range: 3.490% - 9.240%. Zero Down Payment
APR*
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As low as
APR*
Published rate range: 3.75%-12.80%.
Published rate range: 3.75%-12.75%.
New vehicle can be financed up to 84 Months. Used vehicle can be financed up to 72 Months. Certain limitations may apply.
Published APR range: 3.75%-11.70%.
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $15,000
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $15,000
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $15,000
Model Year 2018-2019: Add 0.75% APR*
Additional APR listed for this product: 5.70%. Model Year 2018-2019: Add 0.75% APR*
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $15,000
Model Year 2023-2020; Credit Score between 660 and 719; Min. value of car $15,000
Model Year 2018-2019: Add 0.75% APR*
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $25,000
Model Year 2023-2020; Credit Score between 660 and 719; Min. value of car $15,000
Maximum: Retail Value
Model Year 2018-2019: Add 0.75% APR*
Model Year 2023-2020; Credit Score between 660 and 719; Min. value of car $15,000
Maximum: Retail Value
Maximum: Retail Value
Model Year 2027-2024; Credit Score between 660 and 719; Min. value of car $30,000
Model Year 2018-2019: Add 0.75% APR*
Model Year 2023-2020; Credit Score between 660 and 719; Min. value of car $15,000
Maximum: Retail Value
Maximum: Retail Value
Model Year 2023-2020; Credit Score between 660 and 719; Min. value of car $25,000
Maximum: Retail Value
Maximum: Retail Value
Maximum: Retail Value
Model Year 2019-2016; Credit Score between 660 and 719; Min. value of car $15,000
Maximum: 80% of Retail Value
Maximum: Retail Value
Maximum: Retail Value
Model Year 2023-2020; Credit Score between 660 and 719; Min. value of car $30,000
Model Year 2019-2016; Credit Score between 660 and 719; Min. value of car $15,000
Maximum: Retail Value
Additional APR listed for this product: 7.65%. As Low As; Model Year 2018-2019: Add 0.75% APR*
As Low As; Model Year 2018-2019: Add 0.75% APR*
Additional APR listed for this product: 8.15%. As Low As; Model Year 2018-2019: Add 0.75% APR*
Model Year 2019-2016; Credit Score between 660 and 719; Min. value of car $15,000
As Low As; Model Year 2018-2019: Add 0.75% APR*
Model Year 2019-2016; Credit Score between 660 and 719; Min. value of car $15,000
As Low As; Model Year 2018-2019: Add 0.75% APR*
As Low As; Model Year 2016-2017: Add 1.25% APR*
Model Year: 2026 - 2024
APR*
APR range: 3.50% - 9.00% APR*
APR*
APR*
APR range: 3.75% - 9.50% APR*
APR*
Published rate range: 3.75%-12.80%.
Published rate range: 3.75%-12.75%.
New vehicle can be financed up to 84 Months. Used vehicle can be financed up to 72 Months. Certain limitations may apply.
As Low As
Compare local Erie, PA 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.
Pennsylvania new auto rates fell 0.251 points over the past 7 days to 6.019% APR.
Pennsylvania used auto rates fell 0.351 points over the past 7 days to 7.190% APR.
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 Pennsylvania figures.
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.
Estimated monthly payments on a standard 60-month auto loan at today’s average Pennsylvania 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 @ 6.02% APR PA average | Used Auto @ 7.19% APR PA average | Monthly Difference |
|---|---|---|---|
| $15,000 | $290.12/mo | $298.37/mo | $8.25/mo |
| $25,000 | $483.54/mo | $497.28/mo | $13.74/mo |
| $35,000 | $676.95/mo | $696.19/mo | $19.24/mo |
| $45,000 | $870.37/mo | $895.10/mo | $24.74/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.
A preapproval from a bank or credit union serving Erie, Pennsylvania 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.
Credit unions consistently offer some of the lowest auto loan APRs in Pennsylvania. 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.
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.
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.
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $580 monthly car payment works out to roughly 22.6% of the median individual income in Erie, Pennsylvania. Most budgeting guidelines suggest keeping total vehicle costs (payment, insurance, fuel, and maintenance) under 15–20% of take-home pay.
An auto loan isn’t the only way to finance a vehicle in Erie, Pennsylvania, 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.
Estimate your monthly payment on a new or used vehicle in Erie, Pennsylvania. We’ve prefilled the APR with today’s PA 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.
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Erie, Pennsylvania 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 Erie, Pennsylvania 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 Erie, Pennsylvania. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in PA.
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.