Washington 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 Washington include LONGSHOREMENS LOCAL 4LONGSHOREMENS LOCAL 41209 Ingalls St, Vancouver, WA, 98660 2722A+5.0 ★Texas Ratio: 0.68% offering New vehicle Loan at 1.99%, Spokane City Credit UnionSpokane City Credit Union1930 N Monroe St, Spokane, WA, 99205 4538A+5.0 ★Texas Ratio: 0.62% offering Autos and Motorcycles at 3.79%, Responders Emergency Services Credit UnionResponders Emergency Services Credit Union924 W Sinto Ave, Spokane, WA, 99201 2531A+5.0 ★Texas Ratio: 0.00% offering New & Used Automobiles and Street Motorcycles at 3.79%, NW Priority Credit UnionNW Priority Credit Union11215 NE 28th St, Vancouver, WA, 98682 7805A+5.0 ★Texas Ratio: 1.38% offering Purchase New Auto or Refinance at 3.99%, Progressions Credit UnionProgressions Credit Union2919 E Mission AVE, Spokane, WA, 99202 3624A+5.0 ★Texas Ratio: 0.70% offering AUTOS & TRUCKS 10 Years Old & Newer at 3.99%. Auto loan rates as of September 21, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare auto loan rates across Washington side-by-side. Washington auto loan rates currently start as low as 1.99% APR from LONGSHOREMENS LOCAL 4 at 1209 Ingalls St, Vancouver, WA, 98660 2722. Rates are continually updated, so we recommend checking back frequently.
Auto loan rates reflect recent market quotes and representative offers available to borrowers in Washington. Auto Loan Rates Last Updated and Verified: September 21, 2026
Compare Auto Loan Rates Today in Washington
Washington Auto Loan Rates
As low as 1.99%
As Low As; depending on loan amount
**Actual Annual Percentage rate (APR) is based on your credit history and other qualifications. All credit is subject to approval. All rates are subject to change at any time without notice.
OAC = On Approved Credit. Rates advertised include a 0.25% discount for automatic payment and a 0.50% discount for direct deposit of net payroll or retirement benefits to a Progressions Credit Union checking account. Add 0.25% for other payment options and 0.50% for accounts without qualifying direct deposit. Your rate will increase if you cancel automatic payment or direct deposit. Call for more details. For vehicles with 100k - 124,999 miles, add 1.50%, for vehicles with 125k miles add 3.00%; however, in no case will rates exceed 18%. Max term is 48 months for vehicles with 125,000 miles or more. Mileage may be limited to 150,000 miles. Existing Progressions Credit Union loans do not qualify for these rates. Membership required. Must live, work, worship, or attend school within the state of Washington. A $20.00 membership fee may apply.
As Low As; SPECIALS!
Published APR range: 4.00% - 18%.
**Actual Annual Percentage rate (APR) is based on your credit history and other qualifications. All credit is subject to approval. All rates are subject to change at any time without notice.
Published APR range: 4.24 - 18%.
Up to 120% Financing on Approved Credit
Up to 120% Financing on Approved Credit
As low as
Published APR range: 4.25% - 16.75%.
As Low As; New and used vehicles
As Low As; New and used vehicles
As Low As; For new and used vehicles. Some Promotional Rates May Require Payroll Direct Deposit and Automatic Transfer from RESCU Checking Account
0% down OAC
up to 10 years old; 0% down OAC
Up to 120% Financing on Approved Credit
Up to 120% Financing on Approved Credit
2024 and newer. Loan to value based on MSRP or NADA retail.
Term: Up to 84-month term available; 2024 and newer. Loan to value based on MSRP or NADA retail.
2023 and older. Loan to value based on NADA retail.
Term: Up to 84-month term available; 2023 and older. Loan to value based on NADA retail.
APR* as low as: 4.50%
APR* as low as: 4.50%
As Low As; For new and used vehicles. Some Promotional Rates May Require Payroll Direct Deposit and Automatic Transfer from RESCU Checking Account
Rate assumes a .50% discount on the APR for having your entire payroll deposited into your Spokane Firefighters Credit Union checking account.; Rate stated is the lowest possible rate and will vary depending on credit score, term, loan to value, and age of collateral. Lowest possible rate is for loans with terms of 48 months or less, with .25% being added for each year up to 84 months. Example: for cars and trucks 2025 and newer, the lowest possible rate for 48 months is 4.74%, 60 months is 4.99%, 72 months 5.24%, 84 months is 5.49%. Contact the credit union for rate details on Boat and RV loans with terms greater than 84 months.
Published APR range: 4.74% - 17.99%.
As low as; **
Minimum loan: $20,000
APR* as low as: 4.75%
APR* as low as: 4.75%
APR* as low as: 4.75%
As Low As
Published APR range: 4.85% - 17.35%.
Annual percentage rate (fixed)*
Rate assumes a .50% discount on the APR for having your entire payroll deposited into your Spokane Firefighters Credit Union checking account.; Rate stated is the lowest possible rate and will vary depending on credit score, term, loan to value, and age of collateral. Lowest possible rate is for loans with terms of 48 months or less, with .25% being added for each year up to 84 months. Example: for cars and trucks 2025 and newer, the lowest possible rate for 48 months is 4.74%, 60 months is 4.99%, 72 months 5.24%, 84 months is 5.49%. Contact the credit union for rate details on Boat and RV loans with terms greater than 84 months.
As low as; **
Up to 120% Financing on Approved Credit
APR* as low as: 5.00%
APR* as low as: 5.00%
Published APR range: 5.00% - 18%.
Published APR range: 5.00% - 17.50%.
Min. Loan Amount: $500; Reduce Rate by 0.25% for Hybrid/Electric Vehicles
As Low As
As Low As
Annual percentage rate (fixed)*
Minimum loan $25,000
Term: Up to 48 months (4 years)
Published APR range: 5.21% - 13.21%. Estimated Payment Example $601 a month for 36 months, $20,000 loan at 5.21%
rate will vary based on term. Purchase New Vehicles: Up to 125% Loan to Value (LTV) of NADA, MSRP Value or purchase price whichever is less. Purchase Used Vehicles: Up to 125% LTV of NADA Average Retail value or purchase price whichever is less. Refinance: Up to 100% LTV (cash out) of NADA Avg Retail value Maximum loan not to exceed 125% LTV of MSRP or NADA value including taxes, license, GAP and extended warranty.
Financing: 100% MSRP or High KBB
Annual percentage rate (fixed)*
Min. Loan Amount: $5,000; Reduce Rate by 0.25% for Hybrid/Electric Vehicles
Rate assumes a .50% discount on the APR for having your entire payroll deposited into your Spokane Firefighters Credit Union checking account.; Rate stated is the lowest possible rate and will vary depending on credit score, term, loan to value, and age of collateral. Lowest possible rate is for loans with terms of 48 months or less, with .25% being added for each year up to 84 months. Example: for cars and trucks 2025 and newer, the lowest possible rate for 48 months is 4.74%, 60 months is 4.99%, 72 months 5.24%, 84 months is 5.49%. Contact the credit union for rate details on Boat and RV loans with terms greater than 84 months.
APR as low as
As low as; **
Published APR range: 5.24 - 18%.
APR* as low as: 5.25%
APR* as low as: 5.25%
min loan $20,000
$100,000
As Low As
Min. Loan Amount: $6,000; Reduce Rate by 0.25% for Hybrid/Electric Vehicles
Annual percentage rate (fixed)*
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
$100,000
$100,000
Min. Loan Amount: $10,000; Reduce Rate by 0.25% for Hybrid/Electric Vehicles
Published APR range: 5.44% - 20.44%.
Term: 49 to 60 months (5 years)
Financing: 100% High KBB
Financing: 100% MSRP or High KBB
Annual percentage rate (fixed)*
Min. Loan Amount: $15,000; Reduce Rate by 0.25% for Hybrid/Electric Vehicles
Rates increase without automatic payment; Rates decrease for hybrid and EV loans.
Rate assumes a .50% discount on the APR for having your entire payroll deposited into your Spokane Firefighters Credit Union checking account.; Rate stated is the lowest possible rate and will vary depending on credit score, term, loan to value, and age of collateral. Lowest possible rate is for loans with terms of 48 months or less, with .25% being added for each year up to 84 months. Example: for cars and trucks 2025 and newer, the lowest possible rate for 48 months is 4.74%, 60 months is 4.99%, 72 months 5.24%, 84 months is 5.49%. Contact the credit union for rate details on Boat and RV loans with terms greater than 84 months.
APR as low as
As low as; **
As low as; **
0% down OAC
up to 10 years old; 0% down OAC
Published APR range: 5.49% - 20.84%.
Up to 120% Financing on Approved Credit
APR*: 5.50%
APR*: 5.50%
Term: 49 - 60 months months; Published APR range: 5.50% - 17.99%.
$100,000
As Low As; Rates updated daily.
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
min loan $25,000
Published APR range: 5.60% - 17.99%.
As Low As
Term: 61 to 72 months (6 years)
Financing: 100% High KBB
Financing: 100% MSRP or High KBB
Rates increase without automatic payment; Rates decrease for hybrid and EV loans.
Vehicle Age: 2020+; Loan Amount: No Minimum
Vehicle Age: 2020+; Loan Amount: No Minimum
Vehicle Age: 2020+; Loan Amount: No Minimum
Vehicle Age: 2020+; Loan Amount: No Minimum
As low as; **
APR*: 5.75%
APR*: 5.75%
APR*: 5.75%
Published APR range: 5.77% - 13.77%. Estimated Payment Example $468 a month for 48 months, $20,000 loan at 5.77%
As Low As; Rates updated daily.
Published APR range: 5.79% - 20.74%.
Published APR range: 5.93% - 13.93%. Estimated Payment Example $386 a month for 60 months, $20,000 loan at 5.93%
Term: Loans over $35K up to 84 months
Financing: 100% High KBB
Financing: 100% MSRP or High KBB
**Actual Annual Percentage rate (APR) is based on your credit history and other qualifications. All credit is subject to approval. All rates are subject to change at any time without notice.
Vehicle Age: 2020+; Loan Amount: $15,000+
Vehicle Age: 2015 - 2019
Vehicle Age: 2015 - 2019
Vehicle Age: 2015 - 2019
Vehicle Age: 2015 - 2019
As low as; **
Published APR range: 5.99% - 14.14%. Estimated Payment Example $331 a month for 72 months, $20,000 loan at 5.99%
Published APR range: 5.99% - 21.94%.
APR*: 6.00%
APR*: 6.00%
Term: 61 - 72 months ($15,000 or higher); Published APR range: 6.00% - 17.99%.
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.
As Low As
As Low As; Rates updated daily.
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.
Term: 49 - 60 months months; Published APR range: 6.10% - 17.99%.
As Low As
Published APR range: 6.19% - 21.14%.
Financing: 100% High KBB
Vehicle Age: 2015 - 2019
APR as low as
As low as; **
As Low As
APR*: 6.25%
APR*: 6.25%
2016 - 2018 Model years
APR as low as
As Low As
Term: 73 - 84 months ($30,000 or higher); Published APR range: 6.50% - 17.99%.
Model Years 2023 or Newer (Includes Tax and License)
Published APR range: 6.54% - 22.24%.
Published APR range: 6.60% - 17.99%. Loan amount: $15,000 or higher
Published APR range: 6.61% - 8.36%. Estimated Payment Example $298 a month for 84 months, $20,000 loan at 6.61%
Washington New Auto Auto Loan Rates
As low as 1.99%
As Low As; depending on loan amount
**Actual Annual Percentage rate (APR) is based on your credit history and other qualifications. All credit is subject to approval. All rates are subject to change at any time without notice.
OAC = On Approved Credit. Rates advertised include a 0.25% discount for automatic payment and a 0.50% discount for direct deposit of net payroll or retirement benefits to a Progressions Credit Union checking account. Add 0.25% for other payment options and 0.50% for accounts without qualifying direct deposit. Your rate will increase if you cancel automatic payment or direct deposit. Call for more details. For vehicles with 100k - 124,999 miles, add 1.50%, for vehicles with 125k miles add 3.00%; however, in no case will rates exceed 18%. Max term is 48 months for vehicles with 125,000 miles or more. Mileage may be limited to 150,000 miles. Existing Progressions Credit Union loans do not qualify for these rates. Membership required. Must live, work, worship, or attend school within the state of Washington. A $20.00 membership fee may apply.
As Low As; SPECIALS!
Published APR range: 4.00% - 18%.
Published APR range: 4.24 - 18%.
Up to 120% Financing on Approved Credit
Up to 120% Financing on Approved Credit
Published APR range: 4.25% - 16.75%.
As Low As; New and used vehicles
As Low As; For new and used vehicles. Some Promotional Rates May Require Payroll Direct Deposit and Automatic Transfer from RESCU Checking Account
0% down OAC
Up to 120% Financing on Approved Credit
Up to 120% Financing on Approved Credit
2024 and newer. Loan to value based on MSRP or NADA retail.
Term: Up to 84-month term available; 2024 and newer. Loan to value based on MSRP or NADA retail.
As Low As; For new and used vehicles. Some Promotional Rates May Require Payroll Direct Deposit and Automatic Transfer from RESCU Checking Account
Rate assumes a .50% discount on the APR for having your entire payroll deposited into your Spokane Firefighters Credit Union checking account.; Rate stated is the lowest possible rate and will vary depending on credit score, term, loan to value, and age of collateral. Lowest possible rate is for loans with terms of 48 months or less, with .25% being added for each year up to 84 months. Example: for cars and trucks 2025 and newer, the lowest possible rate for 48 months is 4.74%, 60 months is 4.99%, 72 months 5.24%, 84 months is 5.49%. Contact the credit union for rate details on Boat and RV loans with terms greater than 84 months.
As low as; **
Minimum loan: $20,000
Annual percentage rate (fixed)*
Rate assumes a .50% discount on the APR for having your entire payroll deposited into your Spokane Firefighters Credit Union checking account.; Rate stated is the lowest possible rate and will vary depending on credit score, term, loan to value, and age of collateral. Lowest possible rate is for loans with terms of 48 months or less, with .25% being added for each year up to 84 months. Example: for cars and trucks 2025 and newer, the lowest possible rate for 48 months is 4.74%, 60 months is 4.99%, 72 months 5.24%, 84 months is 5.49%. Contact the credit union for rate details on Boat and RV loans with terms greater than 84 months.
As low as; **
Up to 120% Financing on Approved Credit
Published APR range: 5.00% - 17.50%.
Min. Loan Amount: $500; Reduce Rate by 0.25% for Hybrid/Electric Vehicles
Minimum loan $25,000
Term: Up to 48 months (4 years)
Published APR range: 5.21% - 13.21%. Estimated Payment Example $601 a month for 36 months, $20,000 loan at 5.21%
rate will vary based on term. Purchase New Vehicles: Up to 125% Loan to Value (LTV) of NADA, MSRP Value or purchase price whichever is less. Purchase Used Vehicles: Up to 125% LTV of NADA Average Retail value or purchase price whichever is less. Refinance: Up to 100% LTV (cash out) of NADA Avg Retail value Maximum loan not to exceed 125% LTV of MSRP or NADA value including taxes, license, GAP and extended warranty.
Annual percentage rate (fixed)*
Min. Loan Amount: $5,000; Reduce Rate by 0.25% for Hybrid/Electric Vehicles
Rate assumes a .50% discount on the APR for having your entire payroll deposited into your Spokane Firefighters Credit Union checking account.; Rate stated is the lowest possible rate and will vary depending on credit score, term, loan to value, and age of collateral. Lowest possible rate is for loans with terms of 48 months or less, with .25% being added for each year up to 84 months. Example: for cars and trucks 2025 and newer, the lowest possible rate for 48 months is 4.74%, 60 months is 4.99%, 72 months 5.24%, 84 months is 5.49%. Contact the credit union for rate details on Boat and RV loans with terms greater than 84 months.
APR as low as
As low as; **
$100,000
Min. Loan Amount: $6,000; Reduce Rate by 0.25% for Hybrid/Electric Vehicles
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
$100,000
Min. Loan Amount: $10,000; Reduce Rate by 0.25% for Hybrid/Electric Vehicles
Published APR range: 5.44% - 20.44%.
Term: 49 to 60 months (5 years)
Annual percentage rate (fixed)*
Min. Loan Amount: $15,000; Reduce Rate by 0.25% for Hybrid/Electric Vehicles
Rates increase without automatic payment; Rates decrease for hybrid and EV loans.
Rate assumes a .50% discount on the APR for having your entire payroll deposited into your Spokane Firefighters Credit Union checking account.; Rate stated is the lowest possible rate and will vary depending on credit score, term, loan to value, and age of collateral. Lowest possible rate is for loans with terms of 48 months or less, with .25% being added for each year up to 84 months. Example: for cars and trucks 2025 and newer, the lowest possible rate for 48 months is 4.74%, 60 months is 4.99%, 72 months 5.24%, 84 months is 5.49%. Contact the credit union for rate details on Boat and RV loans with terms greater than 84 months.
APR as low as
As low as; **
0% down OAC
Published APR range: 5.49% - 20.84%.
Up to 120% Financing on Approved Credit
Term: 49 - 60 months months; Published APR range: 5.50% - 17.99%.
Term: 61 to 72 months (6 years)
Vehicle Age: 2020+; Loan Amount: No Minimum
Vehicle Age: 2020+; Loan Amount: No Minimum
Vehicle Age: 2020+; Loan Amount: No Minimum
Vehicle Age: 2020+; Loan Amount: No Minimum
Published APR range: 5.77% - 13.77%. Estimated Payment Example $468 a month for 48 months, $20,000 loan at 5.77%
Published APR range: 5.93% - 13.93%. Estimated Payment Example $386 a month for 60 months, $20,000 loan at 5.93%
Term: Loans over $35K up to 84 months
Vehicle Age: 2020+; Loan Amount: $15,000+
Published APR range: 5.99% - 14.14%. Estimated Payment Example $331 a month for 72 months, $20,000 loan at 5.99%
Published APR range: 5.99% - 21.94%.
Term: 61 - 72 months ($15,000 or higher); Published APR range: 6.00% - 17.99%.
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.
As Low As
As Low As
Term: 73 - 84 months ($30,000 or higher); Published APR range: 6.50% - 17.99%.
Model Years 2023 or Newer (Includes Tax and License)
Published APR range: 6.61% - 8.36%. Estimated Payment Example $298 a month for 84 months, $20,000 loan at 6.61%
Washington Used Auto Auto Loan Rates
As Low As; depending on loan amount
As Low As; SPECIALS!
**Actual Annual Percentage rate (APR) is based on your credit history and other qualifications. All credit is subject to approval. All rates are subject to change at any time without notice.
Up to 120% Financing on Approved Credit
Up to 120% Financing on Approved Credit
As Low As; New and used vehicles
As Low As; For new and used vehicles. Some Promotional Rates May Require Payroll Direct Deposit and Automatic Transfer from RESCU Checking Account
up to 10 years old; 0% down OAC
Up to 120% Financing on Approved Credit
Up to 120% Financing on Approved Credit
2023 and older. Loan to value based on NADA retail.
Term: Up to 84-month term available; 2023 and older. Loan to value based on NADA retail.
As Low As; For new and used vehicles. Some Promotional Rates May Require Payroll Direct Deposit and Automatic Transfer from RESCU Checking Account
Published APR range: 4.85% - 17.35%.
Up to 120% Financing on Approved Credit
Published APR range: 5.00% - 18%.
Annual percentage rate (fixed)*
Term: Up to 48 months (4 years)
Published APR range: 5.21% - 13.21%. Estimated Payment Example $601 a month for 36 months, $20,000 loan at 5.21%
rate will vary based on term. Purchase New Vehicles: Up to 125% Loan to Value (LTV) of NADA, MSRP Value or purchase price whichever is less. Purchase Used Vehicles: Up to 125% LTV of NADA Average Retail value or purchase price whichever is less. Refinance: Up to 100% LTV (cash out) of NADA Avg Retail value Maximum loan not to exceed 125% LTV of MSRP or NADA value including taxes, license, GAP and extended warranty.
Published APR range: 5.24 - 18%.
min loan $20,000
Annual percentage rate (fixed)*
$100,000
Term: 49 to 60 months (5 years)
As low as; **
up to 10 years old; 0% down OAC
Up to 120% Financing on Approved Credit
$100,000
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
min loan $25,000
Published APR range: 5.60% - 17.99%.
Term: 61 to 72 months (6 years)
Rates increase without automatic payment; Rates decrease for hybrid and EV loans.
As low as; **
Published APR range: 5.77% - 13.77%. Estimated Payment Example $468 a month for 48 months, $20,000 loan at 5.77%
Published APR range: 5.93% - 13.93%. Estimated Payment Example $386 a month for 60 months, $20,000 loan at 5.93%
Term: Loans over $35K up to 84 months
**Actual Annual Percentage rate (APR) is based on your credit history and other qualifications. All credit is subject to approval. All rates are subject to change at any time without notice.
Vehicle Age: 2015 - 2019
Vehicle Age: 2015 - 2019
Vehicle Age: 2015 - 2019
Vehicle Age: 2015 - 2019
As low as; **
Published APR range: 5.99% - 14.14%. Estimated Payment Example $331 a month for 72 months, $20,000 loan at 5.99%
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.
Term: 49 - 60 months months; Published APR range: 6.10% - 17.99%.
Vehicle Age: 2015 - 2019
APR as low as
As low as; **
As Low As
APR as low as
As Low As
Published APR range: 6.60% - 17.99%. Loan amount: $15,000 or higher
Published APR range: 6.61% - 8.36%. Estimated Payment Example $298 a month for 84 months, $20,000 loan at 6.61%
Washington Auto Loan Rate Trends
Compare local Washington 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.
Washington new auto rates rose 0.112 points over the past 7 days to 5.754% APR.
Washington used auto rates fell 0.375 points over the past 7 days to 6.154% APR.
Washington 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 Washington 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 Washington 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 @ 5.75% APR WA average | Used Auto @ 6.15% APR WA average | Monthly Difference |
|---|---|---|---|
| $15,000 | $288.28/mo | $291.07/mo | $2.79/mo |
| $25,000 | $480.46/mo | $485.11/mo | $4.65/mo |
| $35,000 | $672.65/mo | $679.16/mo | $6.51/mo |
| $45,000 | $864.83/mo | $873.20/mo | $8.37/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 Washington
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Washington 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 Washington. 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 Washington 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: Washington CD rates lock in a guaranteed return until you’re ready to buy
Washington Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $577 monthly car payment works out to roughly 12.7% of the median individual income in Washington. 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 Washington, 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 Washington. We’ve prefilled the APR with today’s WA 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 Washington 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 Washington 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 Washington. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in WA.
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 Washington
How does my credit score affect my car loan rate in Washington?
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 Washington?
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 Washington?
- LONGSHOREMENS LOCAL 4: 1.99% (New vehicle Loan)
- Spokane City Credit Union: 3.79% (Autos and Motorcycles)
- Responders Emergency Services Credit Union: 3.79% (New & Used Automobiles and Street Motorcycles)
- NW Priority Credit Union: 3.99% (Purchase New Auto or Refinance)
- Progressions Credit Union: 3.99% (AUTOS & TRUCKS 10 Years Old & Newer)
Washington Rates & Resources
Auto Loan Rates by City in Washington
