Waco, Texas Best Auto Loan Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current auto loan rates in Waco, Texas include Texell Credit UnionTexell Credit Union1221 Hewitt Dr, Waco, TX, 76712 8896A+5.0 ★Texas Ratio: 3.41% offering New Auto at 3.99%, First Central Credit UnionFirst Central Credit Union6201 Sanger Ave, Waco, TX, 76710A+5.0 ★Texas Ratio: 5.80% offering New Autos at 4.54%, Members Choice of Central Texas Federal Credit UnionMembers Choice of Central Texas Federal Credit Union4631 W Waco Dr, Waco, TX, 76710A+5.0 ★Texas Ratio: 0.17% offering Auto Loan at 4.84%, Genco Federal Credit UnionGenco Federal Credit Union731 N Valley Mills Dr, Waco, TX, 76710 4848A+5.0 ★Texas Ratio: 0.92% offering Vehicles (New & Used All Models) Loan at 4.84%, 1st University Credit Union1st University Credit Union24 La Salle Ave unit C, Waco, TX, 76706A5.0 ★Texas Ratio: 10.64% offering New Auto at 4.90%. Auto loan rates as of September 22, 2026 according to verified data from MonitorBankRates.
Waco has 10 local institutions in our database, with auto loan rates as low as 3.99% APR from Texell Credit Union at 1221 Hewitt Dr, Waco, TX, 76712 8896. 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 Waco, Texas. Auto Loan Rates Last Updated and Verified: September 22, 2026
Compare Auto Loan Rates Today in Waco, Texas & Surrounding Area
Waco Auto Loan Rates
As Low As
As Low As
As Low As
As Low As
Published APR range: 4.54% - 17.45%. As Low As
Published APR range: 4.69% - 17.69%. As Low As
As Low As
As Low As; Model Year: 2017 - 2020
As Low As; **
As Low As; Vehicle Year: 2023-2026
As Low As
Published APR range: 4.84% - 17.84%. As Low As
Published APR range: 4.84% - 17.84%. As Low As
Term: 1 - 18 months ('17 & older); Published APR range: 4.84% - 18.00%. As Low As
Term: 24 - 30 months ('18 - '19); Published APR range: 4.84% - 18.00%. As Low As
Term: 36 - 42 months ('20 - '21); Published APR range: 4.84% - 18.00%. As Low As
Term: 48 - 60 months ('22 - '23); Published APR range: 4.84% - 18.00%. As Low As
Term: 60 - 72 months ('24 - '26); Published APR range: 4.84% - 17.84%. As Low As
$14,999.99
$14,999.99
$15,000.00
$15,000.00
As Low As
As Low As; **
As Low As; Vehicle Year: 2023-2026; **
As Low As
As Low As; Subject to credit approval.
Auto Loans (rates effective 10/1/25)
Auto Loans (rates effective 10/1/25)
As Low As
1
$15,000.00; 1
As Low As; Includes a one-time $150 loan origination fee and 0.65% interest rate discount for automatic payment draft from a SouthState checking account. Your actual APR may vary based on creditworthiness, loan amount, loan term and vehicle.
$18,000; Auto Loans (rates effective 10/1/25)
Auto Loans (rates effective 10/1/25)
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
As Low As; Vehicle Year: 2023-2026; **
As Low As
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
As Low As; Includes a one-time $150 loan origination fee and 0.65% interest rate discount for automatic payment draft from a SouthState checking account. Your actual APR may vary based on creditworthiness, loan amount, loan term and vehicle.
As Low As; Model Year: 2017 - 2020
As Low As; **
Published APR range: 5.84% - 10.09%. As Low As
1
As Low As
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.
Published APR range: 6.04% - 18.00%. As Low As
As Low As; Eligible model years 2023-2026. Includes a one-time $150 loan origination fee and 0.65% interest rate discount for automatic payment draft from a SouthState checking account. Your actual APR may vary based on creditworthiness, loan amount, loan term and vehicle.
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.
Published APR range: 6.19% - 18.00%. As Low As
Published APR range: 6.34% - 18.00%. As Low As
Published APR range: 6.34% - 18.00%. As Low As
Published APR range: 6.34% - 18.00%. As Low As; Model Year: '17 & older
Published APR range: 6.34% - 18.00%. As Low As; Model Year: '18 - '19
Published APR range: 6.34% - 18.00%. As Low As; Model Year: '20 - '21
Published APR range: 6.34% - 18.00%. As Low As; Model Year: '22 - '23
Published APR range: 6.34% - 18.00%. As Low As; Model Year: '24 - '26
Term: 1 - 18 months ('17 & older); Published APR range: 6.34% - 18.00%. As Low As
Term: 24 - 30 months ('18 - '19); Published APR range: 6.34% - 18.00%. As Low As
Term: 36 - 42 months ('20 - '21); Published APR range: 6.34% - 18.00%. As Low As
Term: 48 - 60 months ('22 - '23); Published APR range: 6.34% - 18.00%. As Low As
Term: 60 - 72 months ('24 - '26); Published APR range: 6.34% - 18.00%. As Low As
As Low As; Vehicle Year: 2015-2016
over $25,000; Auto Loans (rates effective 10/1/25)
over $25,000,; Auto Loans (rates effective 10/1/25)
As Low As
Age of Collateral: New
Age of Collateral: New
Age of Collateral: Used: 1-5 years
Auto Loans (rates effective 10/1/25)
Published APR range: 7.34% - 11.59%. As Low As
As Low As
Age of Collateral: 1-5 years old
Age of Collateral: 6 years and older
As Low As
Age of Collateral: Used: Older
Maximum Loan Amount: $10,000; As Low As
Cars, trucks, RVs or tractors. Pending credit approval
As low as; Loan terms available up to 84 months. Rates of 2.50% to 14.90% APR available depending on term. Rate assumes discount of up to 1.00%. Vehicle discounts include the purchase of vehicle protection products, setting up direct deposit, automatic payments, and a down payment. Credit subject to approval. Must be a member in good standing. Loan interest will accrue during 90-day payment deferral period.
Model Year: 2026/2025/2024
As Low As; *2.95%
As Low As; 1.50% length of Membership Incentive Interest Rate Discount
Credit Score: A+ (800+)
As Low As:
Credit Score: A+ (800+)
Rates below are based on a minimum credit score of 700.
Credit Grade: A+
Published APR range: 3.24% - 14.49%.
As low as
Rates as low as*
Rates as low as*
Credit Grade: A
Credit Grade: A+
As Low As
Published APR range: 3.39% - 12.95%. APR = Annual Percentage Rate; All Rates & Terms are subject to change without notice.
Term: Up to 36 months - 84 months; Published APR range: 3.43% - 15.18%. All rates subject to change. All rates are based on borrower's creditworthiness. Other restrictions may apply. The payments do not include amounts for taxes and insurance premiums, if applicable, and the actual payment obligation will be greater. See a loan officer for details or contact a credit union representative at (361) 242-7827 or toll-free (877) 827-9196.
Published APR range: 3.47% to 18.00%. Fixed
As Low As; *
Published rate range: 3.49% - 11.99%**.
As Low As; 2025 & Newer
Fewer than 7,500 miles
Fewer than 100,000 miles
As low as
Credit Grade: B
Credit Grade: A
Credit Grade: A+
As Low As
Published APR range: 3.89% - 12.95%. APR = Annual Percentage Rate; All Rates & Terms are subject to change without notice.
As low as; *
As low as; *
3.95%
Credit Score: A+ (800+)
Credit Score: A (720-799)
As Low As:
Credit Score: A (720-799)
Credit Score: A+ (800+)
Fixed Rate
As Low As; New or used vehicle
Published APR range: 3.99%-18.00%. As Low As; ** Rate applies to well-qualified borrowers. See credit union for details.
Published APR range: 3.99%-18.00%. As Low As; ** Rate applies to well-qualified borrowers. See credit union for details.
As Low As; Rates and terms are subject to credit approval and may vary based on credit history, loan term, vehicle year, mileage, loan-to-value, and how/when the vehicle has been titled. Rates are effective as of 1/1/2026 and subject to change without notice.
Term: Up to 84 months, Depending on Age; As Low As
Published APR range: 3.99% to 14.55%.
Rate: 5.94% for Up to 84 Months; Rate: 5.49% for Up to 72 Months; Rate: 4.99% for Up to 60 Months; Rate: 4.69% for Up to 48 months; Rate: 3.99% for Up to 36 Months
As Low As; Qualifying rate - Conditions apply; Loan amount: Up to $250,000
Published APR range: 3.99% to 16.19%.
Published APR range: 3.99% to 16.19%.
Published APR range: 3.99% to 16.19%.
Published APR range: 3.99% to 16.19%.
Published APR range: 3.99% to 16.19%.
Published APR range: 3.99% - 13.00%. As Low As; Rates as low as 3.99% - 13.00%
80% Financing MSRP or NADA Retail (20% down)
Published APR range: 3.99% - 18.00%.
Published APR range: 3.99% - 18.00%.
Published APR range: 3.99% - 18.00%.
Published APR range: 3.99% to 17.74%. MAX LOAN: 110% of price
Published APR range: 3.99% to 17.74%. MAX LOAN: 110% of price
Financing available for new & used cars, trucks, vans, and SUVs. Low, fixed rates, up to 125% financing.
Published APR range: 3.99% - 18.00%.
Published APR range: 3.99% - 18.00%.
As low as; New Auto Loans
As Low As
As Low As
Rates below are based on a minimum credit score of 700.
New Cars and Trucks**
Tier 1 750-up
Tier 1 750-up
financing available
Credit Grade: A+
Credit Grade: A+
As Low As
As low as; Maximum Loan: 100%
Maximum Loan: NADA RETAIL VALUE
Published rate range: 4.00% to 12.00%.
Published APR range: 4.00% to 12.00%.
As low as
Model Years: 2019-2025; As Low As
Model Year: 2011 to 2015
Credit Grade: C
Credit Grade: B
Credit Grade: A
Credit Grade: A+
As Low As
As Low As
As Low As; Rate discounts for having Direct Deposit Automatic payment transfer And even adding GAP coverage Warranty or Credit Life/Disability Insurance
As Low As; (Based On credit score, loan term, and relationship discounts)
As low as; *
As Low As; 2025 & Newer
Model Year: 2016 to 2019
Tier 2 700-749
Tier 2 700-749
APR as low as
Vehicle Year: 2025 & Newer
Loan Amount: 0.75%
As Low As
Up to 120% Financing on Approved Credit
Up to 120% Financing on Approved Credit
Maximum Available Term: Up to 84 months
Model Year: 2020 to 2024
Monthly payment amount approximately $18.56 on $1,000 for 60 months at 4.25% APR.
Waco New Auto Auto Loan Rates
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As Low As
Published APR range: 4.54% - 17.45%. As Low As
Published APR range: 4.69% - 17.69%. As Low As
As Low As
Published APR range: 4.84% - 17.84%. As Low As
Published APR range: 4.84% - 17.84%. As Low As
As Low As
As Low As
As Low As; Subject to credit approval.
Auto Loans (rates effective 10/1/25)
1
As Low As; Includes a one-time $150 loan origination fee and 0.65% interest rate discount for automatic payment draft from a SouthState checking account. Your actual APR may vary based on creditworthiness, loan amount, loan term and vehicle.
$18,000; Auto Loans (rates effective 10/1/25)
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; Includes a one-time $150 loan origination fee and 0.65% interest rate discount for automatic payment draft from a SouthState checking account. Your actual APR may vary based on creditworthiness, loan amount, loan term and vehicle.
Published APR range: 5.84% - 10.09%. As Low As
1
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.
Published APR range: 6.04% - 18.00%. As Low As
Published APR range: 6.19% - 18.00%. As Low As
Published APR range: 6.34% - 18.00%. As Low As
Published APR range: 6.34% - 18.00%. As Low As
over $25,000; Auto Loans (rates effective 10/1/25)
Age of Collateral: New
Age of Collateral: New
Published APR range: 7.34% - 11.59%. As Low As
Cars, trucks, RVs or tractors. Pending credit approval
As Low As; *2.95%
As Low As; 1.50% length of Membership Incentive Interest Rate Discount
Credit Score: A+ (800+)
Rates below are based on a minimum credit score of 700.
Published APR range: 3.24% - 14.49%.
As low as
Rates as low as*
As Low As
Published APR range: 3.39% - 12.95%. APR = Annual Percentage Rate; All Rates & Terms are subject to change without notice.
Published APR range: 3.47% to 18.00%. Fixed
As Low As; *
Fewer than 7,500 miles
As low as
Published APR range: 3.89% - 12.95%. APR = Annual Percentage Rate; All Rates & Terms are subject to change without notice.
As low as; *
As low as; *
3.95%
Credit Score: A+ (800+)
Credit Score: A (720-799)
As Low As; New or used vehicle
Published APR range: 3.99%-18.00%. As Low As; ** Rate applies to well-qualified borrowers. See credit union for details.
As Low As; Rates and terms are subject to credit approval and may vary based on credit history, loan term, vehicle year, mileage, loan-to-value, and how/when the vehicle has been titled. Rates are effective as of 1/1/2026 and subject to change without notice.
Rate: 5.94% for Up to 84 Months; Rate: 5.49% for Up to 72 Months; Rate: 4.99% for Up to 60 Months; Rate: 4.69% for Up to 48 months; Rate: 3.99% for Up to 36 Months
As Low As; Qualifying rate - Conditions apply; Loan amount: Up to $250,000
Published APR range: 3.99% to 16.19%.
Published APR range: 3.99% to 16.19%.
Published APR range: 3.99% to 16.19%.
Published APR range: 3.99% to 16.19%.
Published APR range: 3.99% to 16.19%.
Published APR range: 3.99% - 13.00%. As Low As; Rates as low as 3.99% - 13.00%
80% Financing MSRP or NADA Retail (20% down)
Published APR range: 3.99% to 17.74%. MAX LOAN: 110% of price
Published APR range: 3.99% to 17.74%. MAX LOAN: 110% of price
Published APR range: 3.99% - 18.00%.
As low as; New Auto Loans
As Low As
Rates below are based on a minimum credit score of 700.
New Cars and Trucks**
Tier 1 750-up
Tier 1 750-up
financing available
Credit Grade: A+
Credit Grade: A+
As Low As
As low as; Maximum Loan: 100%
Published rate range: 4.00% to 12.00%.
Published APR range: 4.00% to 12.00%.
As low as
Model Years: 2019-2025; As Low As
As Low As
As Low As
As Low As; Rate discounts for having Direct Deposit Automatic payment transfer And even adding GAP coverage Warranty or Credit Life/Disability Insurance
As Low As; (Based On credit score, loan term, and relationship discounts)
As low as; *
Tier 2 700-749
Tier 2 700-749
Up to 120% Financing on Approved Credit
Up to 120% Financing on Approved Credit
Monthly payment amount approximately $18.56 on $1,000 for 60 months at 4.25% APR.
Waco Used Auto Auto Loan Rates
As Low As
As Low As
As Low As
Term: 1 - 18 months ('17 & older); Published APR range: 4.84% - 18.00%. As Low As
Term: 24 - 30 months ('18 - '19); Published APR range: 4.84% - 18.00%. As Low As
Term: 36 - 42 months ('20 - '21); Published APR range: 4.84% - 18.00%. As Low As
Term: 48 - 60 months ('22 - '23); Published APR range: 4.84% - 18.00%. As Low As
Term: 60 - 72 months ('24 - '26); Published APR range: 4.84% - 17.84%. As Low As
$14,999.99
$14,999.99
$15,000.00
$15,000.00
As Low As
As Low As
Auto Loans (rates effective 10/1/25)
As Low As
$15,000.00; 1
Auto Loans (rates effective 10/1/25)
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; Eligible model years 2023-2026. Includes a one-time $150 loan origination fee and 0.65% interest rate discount for automatic payment draft from a SouthState checking account. Your actual APR may vary based on creditworthiness, loan amount, loan term and vehicle.
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.
Published APR range: 6.34% - 18.00%. As Low As; Model Year: '17 & older
Published APR range: 6.34% - 18.00%. As Low As; Model Year: '18 - '19
Published APR range: 6.34% - 18.00%. As Low As; Model Year: '20 - '21
Published APR range: 6.34% - 18.00%. As Low As; Model Year: '22 - '23
Published APR range: 6.34% - 18.00%. As Low As; Model Year: '24 - '26
Term: 1 - 18 months ('17 & older); Published APR range: 6.34% - 18.00%. As Low As
Term: 24 - 30 months ('18 - '19); Published APR range: 6.34% - 18.00%. As Low As
Term: 36 - 42 months ('20 - '21); Published APR range: 6.34% - 18.00%. As Low As
Term: 48 - 60 months ('22 - '23); Published APR range: 6.34% - 18.00%. As Low As
Term: 60 - 72 months ('24 - '26); Published APR range: 6.34% - 18.00%. As Low As
over $25,000,; Auto Loans (rates effective 10/1/25)
Age of Collateral: Used: 1-5 years
Auto Loans (rates effective 10/1/25)
Age of Collateral: 1-5 years old
Age of Collateral: 6 years and older
Age of Collateral: Used: Older
As Low As:
Credit Score: A+ (800+)
Published APR range: 3.24% - 14.49%.
As low as
Rates as low as*
Published APR range: 3.39% - 12.95%. APR = Annual Percentage Rate; All Rates & Terms are subject to change without notice.
Published APR range: 3.47% to 18.00%. Fixed
As Low As; *
Published rate range: 3.49% - 11.99%**.
Fewer than 100,000 miles
As low as
As Low As
Published APR range: 3.89% - 12.95%. APR = Annual Percentage Rate; All Rates & Terms are subject to change without notice.
As low as; *
As low as; *
As Low As:
Credit Score: A (720-799)
Credit Score: A+ (800+)
As Low As; New or used vehicle
Published APR range: 3.99%-18.00%. As Low As; ** Rate applies to well-qualified borrowers. See credit union for details.
Published APR range: 3.99% to 14.55%.
Published APR range: 3.99% to 16.19%.
Published APR range: 3.99% to 16.19%.
Published APR range: 3.99% to 16.19%.
Published APR range: 3.99% to 16.19%.
Published APR range: 3.99% to 16.19%.
80% Financing MSRP or NADA Retail (20% down)
Published APR range: 3.99% to 17.74%. MAX LOAN: 110% of price
Published APR range: 3.99% to 17.74%. MAX LOAN: 110% of price
Published APR range: 3.99% - 18.00%.
As Low As
Tier 1 750-up
Tier 1 750-up
Credit Grade: A+
Credit Grade: A+
As Low As
Maximum Loan: NADA RETAIL VALUE
Model Years: 2019-2025; As Low As
As Low As
As Low As; Rate discounts for having Direct Deposit Automatic payment transfer And even adding GAP coverage Warranty or Credit Life/Disability Insurance
As low as; *
Tier 2 700-749
Tier 2 700-749
Up to 120% Financing on Approved Credit
Up to 120% Financing on Approved Credit
Waco, TX Auto Loan Rate Trends
Compare local Waco, TX 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.
Texas new auto rates fell 0.220 points over the past 7 days to 5.785% APR.
Texas used auto rates fell 0.249 points over the past 7 days to 6.095% APR.
Waco, TX 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 Texas 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 Texas 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 @ 5.78% APR TX average | Used Auto @ 6.09% APR TX average | Monthly Difference |
|---|---|---|---|
| $15,000 | $288.49/mo | $290.65/mo | $2.16/mo |
| $25,000 | $480.82/mo | $484.42/mo | $3.60/mo |
| $35,000 | $673.15/mo | $678.19/mo | $5.04/mo |
| $45,000 | $865.48/mo | $871.96/mo | $6.48/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 Waco, Texas
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Waco, Texas 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 Texas. 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 Waco, Texas 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: Waco, Texas CD rates lock in a guaranteed return until you’re ready to buy
Waco, Texas Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $577 monthly car payment works out to roughly 23.1% of the median individual income in Waco, Texas. 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 Waco, Texas, 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 Waco, Texas. We’ve prefilled the APR with today’s TX 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 Waco, Texas 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 Waco, Texas 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 Waco, Texas. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in TX.
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 Waco, Texas
How does my credit score affect my car loan rate in Texas?
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 Waco, Texas?
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 Waco, Texas?
- Texell Credit Union: 3.99% (New Auto)
- First Central Credit Union: 4.54% (New Autos)
- Members Choice of Central Texas Federal Credit Union: 4.84% (Auto Loan)
- Genco Federal Credit Union: 4.84% (Vehicles (New & Used All Models) Loan)
- 1st University Credit Union: 4.90% (New Auto)
Waco, Texas Rates & Resources
