Knoxville, Tennessee Best Auto Loan Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Knoxville, Tennessee auto loan rates range from 3.15% to 13.00% APR, verified by MonitorBankRates as of October 13, 2026. Current auto loan rates in Knoxville, Tennessee include Knoxville Law Enforcement Federal Credit UnionKnoxville Law Enforcement Federal Credit Union501 E Summit Hill Dr, Knoxville, TN, 37915 1030A+5.0 ★Texas Ratio: 1.79% offering Vehicle Loan at 4.49%, Interfaith Federal Credit UnionInterfaith Federal Credit Union1235 E Weisgarber Rd, Knoxville, TN, 37909 2646A+5.0 ★Texas Ratio: 1.52% offering New Autos, SUVs, Trucks, Vans at 4.50%, Knox County Teachers Federal Credit UnionKnox County Teachers Federal Credit Union9212 Kingston Pike, Knoxville, TN, 37922A+5.0 ★Texas Ratio: 0.05% offering New Auto at 4.50%, Southeast Financial Credit UnionSoutheast Financial Credit Union7216 Wellington Dr Ste 4, Knoxville, TN, 37919 5931A5.0 ★Texas Ratio: 7.91% offering Other Vehicle - 1st Term Loan at 5.00%, Tennessee Members 1st Federal Credit UnionTennessee Members 1st Federal Credit Union112 Market Place Blvd, Knoxville, TN, 37922A5.0 ★Texas Ratio: 8.89% offering Auto Loan at 5.24%. Auto loan rates as of October 13, 2026 according to verified data from MonitorBankRates.
Knoxville has 15 local institutions in our database, with auto loan rates as low as 4.49% APR from Knoxville Law Enforcement Federal Credit Union at 501 E Summit Hill Dr, Knoxville, TN, 37915 1030. 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 Knoxville, Tennessee. Auto Loan Rates Last Updated and Verified: October 13, 2026
Compare Auto Loan Rates Today in Knoxville, Tennessee & Surrounding Area
Knoxville Auto Loan Rates
As Low As; Fixed
As Low As; Final rate based on credit worthiness and term of the loan.
- Sep 25, 20264.50%▼ from 4.59%
- Sep 14, 20264.59%first recorded
As Low As; Fixed
As Low As; Final rate based on credit worthiness and term of the loan.
- Sep 25, 20264.99%▼ from 6.99%
- Sep 14, 20266.99%first recorded
As Low As; Fixed
Additional APR listed for this product: 5.75%.
As Low As; Term limits and restrictions apply, ask for details.
As Low As; Fixed
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
Term: Up to 60 months - model years 5 and newer; As Low As; **
Term: Up to 72 months - model years 5 and newer; As Low As; **
Term: Up to 84 months minimum loan amount of $25,000 - model years 5 and newer; As Low As; **
The specific rate and term will depend on your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
- Oct 10, 20265.25%▲ from 5.15%
- Sep 14, 20265.15%first recorded
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.49%▲ from 5.39%
- Sep 18, 20265.39%first recorded
As Low As; Model Year: 2021 - Current; New or Used Auto
Fixed
- Oct 4, 20265.50%▲ from 5.00%
- Sep 14, 20265.00%first recorded
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.69%▲ from 5.59%
- Sep 18, 20265.59%first recorded
Published APR range: 5.74% - 11.00%. Effective 3/1/2026; APR based on credit score
As Low As; Model Year: 2016 - 2019; Used Auto
Fixed
- Oct 4, 20265.75%▲ from 5.25%
- Sep 14, 20265.25%first recorded
APR includes a 0.25% relationship discount for members with checking account and debit card. Actual Rates may vary based on individual credit history, loan term, amount financed and on the model year, mileage and type of collateral. Your actual rate may be higher. Rates are subject to change without notice. Other restrictions may apply.
APR includes a 0.25% relationship discount for members with checking account and debit card. Actual Rates may vary based on individual credit history, loan term, amount financed and on the model year, mileage and type of collateral. Your actual rate may be higher. Rates are subject to change without notice. Other restrictions may apply.
APR includes a 0.25% relationship discount for members with checking account and debit card. Actual Rates may vary based on individual credit history, loan term, amount financed and on the model year, mileage and type of collateral. Your actual rate may be higher. Rates are subject to change without notice. Other restrictions may apply.
APR includes a 0.25% relationship discount for members with checking account and debit card. Actual Rates may vary based on individual credit history, loan term, amount financed and on the model year, mileage and type of collateral. Your actual rate may be higher. Rates are subject to change without notice. Other restrictions may apply.
APR includes a 0.25% relationship discount for members with checking account and debit card. Actual Rates may vary based on individual credit history, loan term, amount financed and on the model year, mileage and type of collateral. Your actual rate may be higher. Rates are subject to change without notice. Other restrictions may apply.
As Low As; Rates reflect 0.5% discount for automatic payments; Loan must be less than 110% of NADA retail value
As Low As; Rates reflect 0.5% discount for automatic payments; Loan must be less than 110% of NADA retail value
As Low As; Rates reflect 0.5% discount for automatic payments; Loan must be less than 110% of NADA retail value
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
Additional APR listed for this product: 6.75%.
The specific rate and term will depend on your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
- Oct 2, 20266.24%▲ from 6.14%
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
- Sep 14, 20265.94%first recorded
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Purchase of a new car would have a 6.24% APR for 60 months, monthly payment of $875.01 for $45,000 financing, down payment of $0
- Oct 2, 20266.24%▲ from 6.14%
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
- Sep 14, 20265.94%first recorded
Term: Up to 60 months - model years 6 to 10 maximum; ***
Term: Up to 72 months - model years 6 to 10 maximum; ***
Term: Up to 84 months minimum loan amount of $25,000 model years 6 to 10 maximum; ***
- Oct 2, 20266.29%▲ from 6.19%
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
- Sep 14, 20265.99%first recorded
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Purchase of a used 2022 year car would have a 6.29% APR for 60 months, monthly payment of $584.04 for $30,000 financing, down payment of $0
- Oct 2, 20266.29%▲ from 6.19%
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
- Sep 14, 20265.99%first recorded
Published APR range: 6.30% - 16.30%. Effective 3/1/2026; APR based on credit score
APR includes a 0.25% relationship discount for members with checking account and debit card. Actual Rates may vary based on individual credit history, loan term, amount financed and on the model year, mileage and type of collateral. Your actual rate may be higher. Rates are subject to change without notice. Other restrictions may apply.
Fixed; An additional 1% will be added to the rate for vehicles with over 100,000 miles
- Oct 4, 20266.50%▲ from 6.25%
- Sep 14, 20266.25%first recorded
As Low As; Rates reflect 0.5% discount for automatic payments; Loan must be less than 110% of NADA retail value
As Low As; Model Year: 2022 - 2026
As Low As; Model Year: 2018 - 2021
Additional APR listed for this product: 7.00%.
As Low As; Model Year: 2022 - 2026
As Low As; Model Year: 2014 - 2017
As Low As; Model Year: 2008 - 2013
Additional APR listed for this product: 8.00%.
Additional APR listed for this product: 9.00%.
As Low As; Model Year: 2015 - Older; Used Autos
Additional APR listed for this product: 10.00%.
Additional APR listed for this product: 11.00%.
As Low As; Model Year: 2007 and older
Published APR range: 3.15% - 9.15%. 72 months on $20k+ - $84 months on $30k+; * to be considered a NEW vehicle - 25k miles or less - 3 model years or less
Published APR range: 3.25% - 14.75%. Model Years: 2017-2026
As Low As; Auto & Recreational Loans
Rates are based on Beacon score of 730 or higher
Published APR range: 3.50% - 9.50%. 72 months on $20k+ and 84 months financing on $30k+
Published APR range: 3.75% - 15.25%. Model Years: 2017-2026
As Low As; Amount: up to 120%
As Low As; Amount: up to 120%
As Low As; Model Year: 2026-2023; Credit Grade: A+; Actual rate is determined by credit score; Effective Date: FEBRUARY 20, 2026
As Low As; Auto & Recreational Loans
As Low As
As Low As; Rates subject to change.
Published APR range: 3.90% - 9.90%. 72 months on $20k+ - $84 months on $30k+; * to be considered a NEW vehicle - 25k miles or less - 3 model years or less
Published APR range: 3.90% - 9.90%. 72 months on $20k+ - $84 months on $30k+; * to be considered a NEW vehicle - 25k miles or less - 3 model years or less
As Low As; Starting at 3.95% APR
As Low As; NEW Auto Loan Rates
- Oct 5, 20263.99%▼ from 4.40%
- Sep 14, 20264.40%first recorded
As Low As; USED Auto Loan Rates
- Oct 5, 20263.99%▼ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Model Year: 2026-2023; Credit Grade: A+; Actual rate is determined by credit score; Effective Date: FEBRUARY 20, 2026
Rates based on Beacon score of 730 or higher
Rates based on Beacon score of 730 or higher
As Low As; APR is based on credit worthiness
As Low As; APR is based on credit worthiness
Published APR range: 4% - 18%. The specific rate and term will depend on your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
As low as
As Low As; Auto & Recreational Loans
Published APR range: 4.15% - 10.15%. 72 months on $20k+ and 84 months financing on $30k+
As Low As; Vehicle Year: 2025 & Newer; A+ rate for automobiles
As Low As
As Low As
Published APR range: 4.25% - 15.75%. Model Years: 2017-2026
As Low As; Model Year: 2022-2020; Credit Grade: A+; Actual rate is determined by credit score; Effective Date: FEBRUARY 20, 2026
Luxury Only; Rates based on Beacon score of 730 or higher
Published rate range: 4.25 - 16.25%. Collateral Type: New
- Oct 10, 20264.25%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As
As Low As
As Low As; Rates subject to change.
Published APR range: 4.39% to 15.99%. Mileage: Within 3 most recent model years and less than 25,000 miles
Up to 25,000 miles Up to 135% of Retail - see below
As Low As; Vehicle Year: 2025 & Newer; A+ rate for automobiles
As Low As
As Low As
Motorized Vehicle Loan rates displayed include a 0.50% rate discount for having an automatic payment from a Patriot Equity Credit Union checking account.
Published APR range: As low as 4.49%. As Low As
Published APR range: As low as 4.49%. As Low As
Published APR range: As low as 4.49%. As Low As
- Sep 29, 20264.49%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As; Rates effective: October 13, 2026; Your rate may be higher depending on credit experience, price, term, and underwriting criteria
Published APR range: 4.49%-12.50%.
Up to 25,000 miles Up to 135% of Retail - see below
As Low As
As Low As; Model Year: 2026-2023; Credit Grade: A+; Actual rate is determined by credit score; Effective Date: FEBRUARY 20, 2026
As Low As; Model Year: 2022-2020; Credit Grade: A+; Actual rate is determined by credit score; Effective Date: FEBRUARY 20, 2026
Rates are based on Beacon score of 730 or higher
Rates are based on Beacon score of 730 or higher
As Low As; APR is based on credit worthiness
Published APR range: 4.5% - 18%. The specific rate and term will depend on your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
Published APR range: 4.5% - 18%. The specific rate and term will depend on your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
As Low As
As Low As; Rates subject to change.
As Low As; Auto & Recreational Loans
As Low As; Vehicle Year: 2025 & Newer; A+ rate for automobiles
As Low As; As low as 4.74% with member discount; Loan Rates effective Tuesday, October 13, 2026; Rates quoted as best possible assuming full Member Loyalty Discount
As Low As; As low as 4.74% with member discount; Loan Rates effective Tuesday, October 13, 2026; Rates quoted as best possible assuming full Member Loyalty Discount
Published APR range: 4.740% - 12.240%.
Published APR range: 4.75% - 16.25%. Model Years: 2017-2026
As Low As; Model Year: 2022-2020; Credit Grade: A+; Actual rate is determined by credit score; Effective Date: FEBRUARY 20, 2026
As Low As; Model Year: 2019-2016; Credit Grade: A+; Actual rate is determined by credit score; Effective Date: FEBRUARY 20, 2026
Luxury Only; Rates are based on Beacon score of 730 or higher
Credit Grade: A (850-800); Rates shown are APR
As Low As; 2024 - 2021 Limited to 72 months
Published rate range: 4.75 - 17.25%. Collateral Type: Used
As low As
As Low As
As Low As; Rates subject to change.
As low as
Published APR range: 4.89% to 16.99%. Mileage: Within 3 most recent model years and less than 25,000 miles
Published APR range: 4.90% - 13.10%. 125% financing available; No minimum loan amount
As Low As
Published APR range: 4.90% - 10.90%. 72 months on $20k+ - $84 months on $30k+; * to be considered a NEW vehicle - 25k miles or less - 3 model years or less
Published APR range: 4.90% - 10.90%. 72 months on $20k+ and 84 months financing on $30k+
As low as
As low as
As low as
As low as
As Low As; Vehicle Year: 2025 & Newer; A+ rate for automobiles
Credit Grade: B (799-740); Rates shown are APR
Credit Grade: A (850-800); Rates shown are APR
As Low As; NEW Auto Loan Rates
As Low As; Refinance auto loan; no summer payments required
As Low As
Motorized Vehicle Loan rates displayed include a 0.50% rate discount for having an automatic payment from a Patriot Equity Credit Union checking account.
Published APR range: As low as 4.99%. As Low As
Up to 25,000 miles Up to 135% of Retail - see below
As low as 4.99%; Some restrictions apply. All new auto loans not to exceed MSRP and all used auto loans not to exceed NADA retail.
Model Year: 2023 - 2026
Published APR range: 4.990% - 12.890%.
Published APR range: 4.99% - 12.50%. New Auto (2025-2026)
As Low As
As Low As
As Low As
As Low As; Fixed APR; Advertised APR assumes excellent credit; Auto Loans effective October 1, 2026
As Low As; New Vehicles: 2024 and newer model years with less than 10,000 miles
As Low As; Model Year: 2019-2016; Credit Grade: A+; Actual rate is determined by credit score; Effective Date: FEBRUARY 20, 2026
As Low As; 2024 - 2021 Limited to 72 months
Term: 60 months, up to 15,000 miles; Credit Score: 850-750
As Low As; Vehicles from 25,000 to 100,000 miles
Published APR range: 5% - 18%. The 84-month term is for new vehicles only. The specific rate and term will depend on your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
Published APR range: 5% - 18%. The specific rate and term will depend on your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
Published APR range: 5.00% - 17.25%. Loan Type: New or Used Auto (2024-2026)
Published APR range: 5.15% - 13.25%. 125% financing available
As low as
As Low As; Vehicle Year: 2021-2024; A+ rate for automobiles
As Low As
As Low As; Fixed APR; Advertised APR assumes excellent credit; Auto Loans effective October 1, 2026
As Low As; Used Vehicles: 2024 and newer model years with 10,000 miles or more, or 2020-2023 model years
As Low As; APR based on credit worthiness
As Low As; Model Year: 2019-2016; Credit Grade: A+; Actual rate is determined by credit score; Effective Date: FEBRUARY 20, 2026
Published APR range: 5.25% - 10.00%. Loan amount: up to $90,000.00; Loan Rates (Fixed)
Luxury Only; Rates based on Beacon score of 730 or higher
As Low As; Vehicles from 25,000 to 100,000 miles
Knoxville New Auto Auto Loan Rates
As Low As; Final rate based on credit worthiness and term of the loan.
- Sep 25, 20264.50%▼ from 4.59%
- Sep 14, 20264.59%first recorded
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.49%▲ from 5.39%
- Sep 18, 20265.39%first recorded
Published APR range: 5.74% - 11.00%. Effective 3/1/2026; APR based on credit score
As Low As; Rates reflect 0.5% discount for automatic payments; Loan must be less than 110% of NADA retail value
As Low As; Rates reflect 0.5% discount for automatic payments; Loan must be less than 110% of NADA retail value
As Low As; Rates reflect 0.5% discount for automatic payments; Loan must be less than 110% of NADA retail value
- Oct 2, 20266.24%▲ from 6.14%
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
- Sep 14, 20265.94%first recorded
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Purchase of a new car would have a 6.24% APR for 60 months, monthly payment of $875.01 for $45,000 financing, down payment of $0
- Oct 2, 20266.24%▲ from 6.14%
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
- Sep 14, 20265.94%first recorded
As Low As; Rates reflect 0.5% discount for automatic payments; Loan must be less than 110% of NADA retail value
Published APR range: 3.15% - 9.15%. 72 months on $20k+ - $84 months on $30k+; * to be considered a NEW vehicle - 25k miles or less - 3 model years or less
Published APR range: 3.25% - 14.75%. Model Years: 2017-2026
As Low As; Auto & Recreational Loans
Published APR range: 3.75% - 15.25%. Model Years: 2017-2026
As Low As; Amount: up to 120%
As Low As
As Low As; Rates subject to change.
Published APR range: 3.90% - 9.90%. 72 months on $20k+ - $84 months on $30k+; * to be considered a NEW vehicle - 25k miles or less - 3 model years or less
Published APR range: 3.90% - 9.90%. 72 months on $20k+ - $84 months on $30k+; * to be considered a NEW vehicle - 25k miles or less - 3 model years or less
As Low As; NEW Auto Loan Rates
- Oct 5, 20263.99%▼ from 4.40%
- Sep 14, 20264.40%first recorded
Rates based on Beacon score of 730 or higher
Rates based on Beacon score of 730 or higher
Published APR range: 4% - 18%. The specific rate and term will depend on your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
As low as
As Low As; Auto & Recreational Loans
Published APR range: 4.25% - 15.75%. Model Years: 2017-2026
Luxury Only; Rates based on Beacon score of 730 or higher
Published rate range: 4.25 - 16.25%. Collateral Type: New
- Oct 10, 20264.25%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As
As Low As
As Low As; Rates subject to change.
Published APR range: 4.39% to 15.99%. Mileage: Within 3 most recent model years and less than 25,000 miles
Up to 25,000 miles Up to 135% of Retail - see below
Motorized Vehicle Loan rates displayed include a 0.50% rate discount for having an automatic payment from a Patriot Equity Credit Union checking account.
Published APR range: As low as 4.49%. As Low As
Published APR range: As low as 4.49%. As Low As
As Low As; Rates effective: October 13, 2026; Your rate may be higher depending on credit experience, price, term, and underwriting criteria
Published APR range: 4.49%-12.50%.
Up to 25,000 miles Up to 135% of Retail - see below
Published APR range: 4.5% - 18%. The specific rate and term will depend on your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
As Low As
As Low As; Rates subject to change.
As Low As; As low as 4.74% with member discount; Loan Rates effective Tuesday, October 13, 2026; Rates quoted as best possible assuming full Member Loyalty Discount
Published APR range: 4.740% - 12.240%.
Published APR range: 4.75% - 16.25%. Model Years: 2017-2026
Credit Grade: A (850-800); Rates shown are APR
As Low As; 2024 - 2021 Limited to 72 months
As low As
Published APR range: 4.89% to 16.99%. Mileage: Within 3 most recent model years and less than 25,000 miles
Published APR range: 4.90% - 13.10%. 125% financing available; No minimum loan amount
Published APR range: 4.90% - 10.90%. 72 months on $20k+ - $84 months on $30k+; * to be considered a NEW vehicle - 25k miles or less - 3 model years or less
Credit Grade: B (799-740); Rates shown are APR
Credit Grade: A (850-800); Rates shown are APR
As Low As; NEW Auto Loan Rates
Published APR range: As low as 4.99%. As Low As
Up to 25,000 miles Up to 135% of Retail - see below
As low as 4.99%; Some restrictions apply. All new auto loans not to exceed MSRP and all used auto loans not to exceed NADA retail.
Model Year: 2023 - 2026
Published APR range: 4.99% - 12.50%. New Auto (2025-2026)
As Low As
As Low As
As Low As
As Low As; Fixed APR; Advertised APR assumes excellent credit; Auto Loans effective October 1, 2026
As Low As; New Vehicles: 2024 and newer model years with less than 10,000 miles
As Low As; 2024 - 2021 Limited to 72 months
Term: 60 months, up to 15,000 miles; Credit Score: 850-750
Published APR range: 5% - 18%. The 84-month term is for new vehicles only. The specific rate and term will depend on your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
Published APR range: 5.00% - 17.25%. Loan Type: New or Used Auto (2024-2026)
As Low As; APR based on credit worthiness
Published APR range: 5.25% - 10.00%. Loan amount: up to $90,000.00; Loan Rates (Fixed)
Luxury Only; Rates based on Beacon score of 730 or higher
Knoxville Used Auto Auto Loan Rates
As Low As; Final rate based on credit worthiness and term of the loan.
- Sep 25, 20264.99%▼ from 6.99%
- Sep 14, 20266.99%first recorded
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.69%▲ from 5.59%
- Sep 18, 20265.59%first recorded
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
As Low As; Consumer Fixed Rate Loans as of 05/08/2026
- Oct 2, 20266.29%▲ from 6.19%
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
- Sep 14, 20265.99%first recorded
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Purchase of a used 2022 year car would have a 6.29% APR for 60 months, monthly payment of $584.04 for $30,000 financing, down payment of $0
- Oct 2, 20266.29%▲ from 6.19%
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
- Sep 14, 20265.99%first recorded
Published APR range: 6.30% - 16.30%. Effective 3/1/2026; APR based on credit score
As Low As; Model Year: 2022 - 2026
As Low As; Model Year: 2018 - 2021
As Low As; Model Year: 2022 - 2026
As Low As; Model Year: 2014 - 2017
As Low As; Model Year: 2008 - 2013
As Low As; Model Year: 2007 and older
Published APR range: 3.25% - 14.75%. Model Years: 2017-2026
Rates are based on Beacon score of 730 or higher
Published APR range: 3.50% - 9.50%. 72 months on $20k+ and 84 months financing on $30k+
Published APR range: 3.75% - 15.25%. Model Years: 2017-2026
As Low As; Amount: up to 120%
As Low As; Auto & Recreational Loans
As Low As; USED Auto Loan Rates
- Oct 5, 20263.99%▼ from 4.99%
- Sep 14, 20264.99%first recorded
Published APR range: 4.15% - 10.15%. 72 months on $20k+ and 84 months financing on $30k+
Published APR range: 4.25% - 15.75%. Model Years: 2017-2026
Up to 25,000 miles Up to 135% of Retail - see below
Published APR range: As low as 4.49%. As Low As
As Low As; Rates effective: October 13, 2026; Your rate may be higher depending on credit experience, price, term, and underwriting criteria
Up to 25,000 miles Up to 135% of Retail - see below
As Low As
Rates are based on Beacon score of 730 or higher
Rates are based on Beacon score of 730 or higher
Published APR range: 4.5% - 18%. The specific rate and term will depend on your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
As Low As; Auto & Recreational Loans
As Low As; As low as 4.74% with member discount; Loan Rates effective Tuesday, October 13, 2026; Rates quoted as best possible assuming full Member Loyalty Discount
Published APR range: 4.75% - 16.25%. Model Years: 2017-2026
Luxury Only; Rates are based on Beacon score of 730 or higher
As Low As; 2024 - 2021 Limited to 72 months
Published rate range: 4.75 - 17.25%. Collateral Type: Used
As Low As
As Low As; Rates subject to change.
As Low As
Published APR range: 4.90% - 10.90%. 72 months on $20k+ and 84 months financing on $30k+
Motorized Vehicle Loan rates displayed include a 0.50% rate discount for having an automatic payment from a Patriot Equity Credit Union checking account.
Up to 25,000 miles Up to 135% of Retail - see below
As low as 4.99%; Some restrictions apply. All new auto loans not to exceed MSRP and all used auto loans not to exceed NADA retail.
Published APR range: 4.990% - 12.890%.
As Low As; 2024 - 2021 Limited to 72 months
Published APR range: 5% - 18%. The specific rate and term will depend on your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply.
Published APR range: 5.00% - 17.25%. Loan Type: New or Used Auto (2024-2026)
Published APR range: 5.15% - 13.25%. 125% financing available
As low as
As Low As; Fixed APR; Advertised APR assumes excellent credit; Auto Loans effective October 1, 2026
As Low As; Used Vehicles: 2024 and newer model years with 10,000 miles or more, or 2020-2023 model years
Knoxville, TN Auto Loan Rate Trends
Compare local Knoxville, TN 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.
Tennessee new auto rates fell 0.038 points over the past 7 days to 4.964% APR.
Tennessee used auto rates fell 0.020 points over the past 7 days to 5.819% APR.
Knoxville, TN 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 Tennessee 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 Tennessee 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 @ 4.96% APR TN average | Used Auto @ 5.82% APR TN average | Monthly Difference |
|---|---|---|---|
| $15,000 | $282.82/mo | $288.73/mo | $5.91/mo |
| $25,000 | $471.37/mo | $481.22/mo | $9.85/mo |
| $35,000 | $659.92/mo | $673.71/mo | $13.79/mo |
| $45,000 | $848.47/mo | $866.20/mo | $17.73/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 Knoxville, Tennessee
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Knoxville, Tennessee 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 Tennessee. 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 Knoxville, Tennessee 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: Knoxville, Tennessee CD rates lock in a guaranteed return until you’re ready to buy
Knoxville, Tennessee Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $566 monthly car payment works out to roughly 20.4% of the median individual income in Knoxville, Tennessee. 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 Knoxville, Tennessee, 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 Knoxville, Tennessee. We’ve prefilled the APR with today’s TN 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 Knoxville, Tennessee 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 Knoxville, Tennessee 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 Knoxville, Tennessee. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in TN.
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 Knoxville, Tennessee
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 Knoxville, Tennessee
How does my credit score affect my car loan rate in Tennessee?
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 Knoxville, Tennessee?
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 Knoxville, Tennessee?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Knoxville, Tennessee?
- Knoxville Law Enforcement Federal Credit Union: 4.49% (Vehicle Loan)
- Interfaith Federal Credit Union: 4.50% (New Autos, SUVs, Trucks, Vans)
- Knox County Teachers Federal Credit Union: 4.50% (New Auto)
- Southeast Financial Credit Union: 5.00% (Other Vehicle - 1st Term Loan)
- Tennessee Members 1st Federal Credit Union: 5.24% (Auto Loan)
Knoxville, Tennessee Rates & Resources
