Birmingham, Alabama Best Auto Loan Rates - October 2026
Brian McKay
Brian McKay
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Birmingham, Alabama auto loan rates range from 2.99% to 9.49% APR, verified by MonitorBankRates as of October 14, 2026. Current auto loan rates in Birmingham, Alabama include Legacy Community Federal Credit UnionLegacy Community Federal Credit Union1400 20th St S, Birmingham, AL, 35205 4914A5.0 ★Texas Ratio: 7.13% offering Vehicle Loan at 4.50%, Alabama Central Credit UnionAlabama Central Credit Union3601 4th Ave S, Birmingham, AL, 35222A+5.0 ★Texas Ratio: 2.87% offering Auto Loans at 4.50%, Social Security Credit UnionSocial Security Credit Union1200 Reverend Abraham Woods Jr Blvd, Birmingham, AL, 35285A+5.0 ★Texas Ratio: 2.35% offering New/Used Automobile (2 Years or Newer) at 4.50%, Birmingham City Credit UnionBirmingham City Credit Union2725 35th Ave N, Birmingham, AL, 35207 2839A+5.0 ★Texas Ratio: 2.89% offering Auto Loans at 4.50%, eCO Credit UnioneCO Credit Union105 Frankfurt Cir, Birmingham, AL, 35211 6978A+5.0 ★Texas Ratio: 3.69% offering New Auto (Current or up to 2 yrs. old) - 36 Months at 4.50%. Auto loan rates as of October 14, 2026 according to verified data from MonitorBankRates.
Birmingham has 15 local institutions in our database, with auto loan rates as low as 4.50% APR from Legacy Community Federal Credit Union at 1400 20th St S, Birmingham, AL, 35205 4914. 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 Birmingham, Alabama. Auto Loan Rates Last Updated and Verified: October 14, 2026
Compare Auto Loan Rates Today in Birmingham, Alabama & Surrounding Area
Birmingham Auto Loan Rates
As Low As; Model Years: 2024 - 2026
Model Year: 2026 - 2023; As Low As; Starts at 4.50%
- Oct 9, 20264.50%▲ from 4.49%
- Sep 14, 20264.49%first recorded
Published APR range: 4.50%-6.75%.
Published APR range: 4.50% - 18.00%. Subject to credit approval
As Low As; Competitive fixed rates on new or used vehicles; Up to 125% financing available for qualified buyers; Full coverage insurance required
- Oct 13, 20264.50%▼ from 6.50%
- Sep 14, 20266.50%first recorded
APR as low as; Includes Passenger, Custom, Cargo Vans, Pickups. Maximum Loan Amount: MSRP; Available to Qualifying Members Only, Over $25,000
As Low As; Featured rate; Your APR is based on credit worthiness, loan amount, current mileage, term of the loan and loan to value
APR as low as; Includes Passenger, Custom, Cargo Vans, Pickups. Maximum Loan Amount: MSRP; Available to Qualifying Members Only, Over $25,000
As Low As; Includes Passenger, Custom/Cargo Vans, Pickups. Maximum Loan Amount: 120% of NADA Retail Value
Rates as low as
- Oct 9, 20264.74%▲ from 4.49%
- Sep 21, 20264.49%first recorded
Rates as low as
- Oct 9, 20264.74%▲ from 4.49%
- Sep 21, 20264.49%first recorded
As Low As; Model Years: 2024 - 2026
As Low As; Model Years: 2022 - 2023
- Sep 29, 20264.75%▲ from 4.50%
- Sep 14, 20264.50%first recorded
Model Year: 2026 - 2023; As Low As; Starts at 4.75%
- Oct 9, 20264.75%▲ from 4.50%
- Sep 14, 20264.50%first recorded
Published APR range: 4.75%-7.00%.
Published APR range: 4.75% - 18.00%. Subject to credit approval
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
APR as low as; Includes Passenger, Custom, Cargo Vans, Pickups. Maximum Loan Amount: MSRP; Available to Qualifying Members Only, Over $25,000
As Low As; Includes Passenger, Custom/Cargo Vans, Pickups. Maximum Loan Amount: 120% of NADA Retail Value
As Low As; Model Years: 2022 - 2023
As Low As; Rates are APR; rates based on credit score; exact rate quoted at time of approval
Model Year: 2022 - 2019; As Low As; Starts at 5.00%
- Oct 9, 20265.00%▲ from 4.99%
- Sep 14, 20264.99%first recorded
Published APR range: 5.00% - 18.00%. Subject to credit approval
As Low As; Includes Passenger, Custom/Cargo Vans, Pickups. Maximum Loan Amount: 120% of NADA Retail Value
As Low As; Auto Loan; Minimum loan amount $4,000; maximum loan amount $150,000; APR includes one-time $150 loan origination fee and 0.65% interest rate discount for automatic payment draft from a SouthState checking account; example loan $42,500 for 72 months
Rates as low as
- Oct 9, 20265.24%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Rates are APR; rates based on credit score; exact rate quoted at time of approval
As Low As; Model Years: 2024 - 2026; Minimum loan amount $15,000
As Low As; Model Years: 2020 - 2021
- Sep 29, 20265.25%▲ from 4.50%
- Sep 14, 20264.50%first recorded
Model Year: 2026 - 2023; As Low As; Starts at 5.25%
- Oct 9, 20265.25%▲ from 5.00%
- Sep 21, 20265.00%first recorded
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
APR as low as; Includes Passenger, Custom, Cargo Vans, Pickups. Maximum Loan Amount: MSRP; Available to Qualifying Members Only, Over $25,000
Vehicle loan; Base Rate APR range 5.49% - 5.99%; low end shown as APR
As Low As; Rates are APR; rates based on credit score; exact rate quoted at time of approval
Model Year: 2022 - 2019; As Low As; Starts at 5.50%
- Sep 21, 20265.50%▲ from 4.50%
- Sep 14, 20264.50%first recorded
Model Year: 2018 and older; As Low As; Starts at 5.50%
- Oct 9, 20265.50%▲ from 4.99%
- Sep 14, 20264.99%first recorded
Published APR range: 5.50%-7.75%.
As Low As; Vehicles 5-7 years old financed up to 60 months; 8-10 years old financed up to 48 months
- Oct 9, 20265.50%▲ from 5.00%
- Sep 14, 20265.00%first recorded
As Low As; Vehicles 5-7 years old financed up to 60 months; 8-10 years old financed up to 48 months
- Oct 9, 20265.50%▲ from 5.25%
- Sep 14, 20265.25%first recorded
Published APR range: 5.50% - 18.00%. Subject to credit approval
As Low As; Auto Loan; Minimum loan amount $50,000; maximum loan amount $150,000; APR includes one-time $150 loan origination fee and 0.65% interest rate discount for automatic payment draft from a SouthState checking account; example loan $50,000 for 84 months
As Low As; Includes Passenger, Custom/Cargo Vans, Pickups. Maximum Loan Amount: 120% of NADA Retail Value
Rates as low as
- Oct 9, 20265.74%▲ from 5.49%
- Sep 14, 20265.49%first recorded
As Low As; Model Years: 2022 - 2023; Minimum loan amount $15,000
As Low As; Model Years: 2020 - 2021
- Sep 29, 20265.75%▼ from 6.50%
- Sep 14, 20266.50%first recorded
Model Year: 2026 - 2023; As Low As; Starts at 5.75%
- Oct 9, 20265.75%▲ from 5.50%
- Sep 21, 20265.50%first recorded
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
Vehicle loan; Base Rate
As Low As; Rates are APR; rates based on credit score; exact rate quoted at time of approval
Model Year: 2022 - 2019; As Low As; Starts at 6.00%
Model Year: 2018 and older; As Low As; Starts at 6.00%
- Oct 9, 20266.00%▲ from 5.50%
- Sep 21, 20265.50%▲ from 4.50%
- Sep 14, 20264.50%first recorded
Published APR range: 6.00%-8.25%.
Published APR range: 6.00%-8.25%.
As Low As; Vehicles 5-7 years old financed up to 60 months; 8-10 years old financed up to 48 months
- Oct 9, 20266.00%▲ from 5.99%
- Sep 14, 20265.99%first recorded
As Low As
As Low As; Auto Loan; Minimum loan amount $4,000; maximum loan amount $150,000; APR includes one-time $150 loan origination fee and 0.65% interest rate discount for automatic payment draft from a SouthState checking account; example loan $25,000 for 72 months; eligible model years 2023-2026
Financing amount: $45,000; For online applicants with an excellent credit history; Rate varies by credit history, vehicle, financing amount and term
APR based on 60 months and $45,000 financing; for online applicants with excellent credit
- 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
Rates as low as
- Oct 9, 20266.24%▲ from 5.99%
- Sep 21, 20265.99%first recorded
Rates as low as
- Oct 9, 20266.24%▲ from 5.99%
- Sep 21, 20265.99%first recorded
As Low As; Model Years: 2024 - 2026; Minimum loan amount $25,000
- Sep 29, 20266.25%▼ from 6.75%
- Sep 14, 20266.75%first recorded
As Low As; Model Years: 2020 - 2021; Minimum loan amount $15,000
As Low As; Model Years: 2017 - 2019
- Sep 29, 20266.25%▲ from 4.50%
- Sep 14, 20264.50%first recorded
Model Year: 2026 - 2023; As Low As; Starts at 6.25%
- Oct 9, 20266.25%▲ from 6.00%
- Sep 21, 20266.00%▼ from 7.00%
- Sep 14, 20267.00%first recorded
As Low As; Vehicles 5-7 years old financed up to 60 months; 8-10 years old financed up to 48 months
- Oct 9, 20266.25%▲ from 5.90%
- Sep 14, 20265.90%first recorded
As Low As; Subject to Credit Approval
As Low As; Subject to Credit Approval
As Low As; Subject to Credit Approval
Financing amount: $30,000; For online applicants with an excellent credit history; Rate varies by credit history, vehicle, financing amount and term
APR based on 60 months and $30,000 financing; for online applicants with excellent credit
- 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
APR as low as; Includes Passenger, Custom, Cargo Vans, Pickups. Maximum Loan Amount: MSRP; Available to Qualifying Members Only, Over $25,000
Vehicle loan; Base Rate
As Low As; Rates are APR; rates based on credit score; exact rate quoted at time of approval
As Low As; Model Years: 2017 - 2019
Model Year: 2022 - 2019; As Low As; Starts at 6.50%
Model Year: 2018 and older; As Low As; Starts at 6.50%
- Oct 9, 20266.50%▲ from 6.00%
- Sep 21, 20266.00%first recorded
Published APR range: 6.50%-8.75%.
Published APR range: 6.50% - 18.00%. Subject to credit approval
As Low As
As Low As; Includes Passenger, Custom/Cargo Vans, Pickups. Maximum Loan Amount: 120% of NADA Retail Value
Rates as low as
- Oct 9, 20266.74%▲ from 6.49%
- Sep 14, 20266.49%first recorded
As Low As; Model Years: 2022 - 2023; Minimum loan amount $25,000
- Oct 9, 20266.75%▲ from 6.25%
- Sep 29, 20266.25%▼ from 6.75%
- Sep 14, 20266.75%first recorded
Published APR range: 6.75%-9.00%.
As Low As; Subject to Credit Approval
Vehicle loan; Base Rate
Model Year: 2022 - 2019; As Low As; Starts at 7.00%
Model Year: 2018 and older; As Low As; Starts at 7.00%
- Oct 9, 20267.00%▲ from 6.50%
- Sep 21, 20266.50%first recorded
Published APR range: 7.25%-9.50%.
Rates as low as
- Oct 9, 20267.49%▲ from 7.24%
- Sep 14, 20267.24%first recorded
As Low As; Rates are APR; rates based on credit score; exact rate quoted at time of approval
Model Year: 2018 and older; As Low As; Starts at 7.50%
- Oct 9, 20267.50%▲ from 7.00%
- Sep 14, 20267.00%first recorded
As Low As; Subject to Credit Approval; APR is Annual Percentage Rate
As Low As; Subject to Credit Approval; APR is Annual Percentage Rate
Published APR range: 7.571% - 18.000%. As Low As; Term of 84 months only available for vehicles up to 2 years old and loan amounts of at least $35,000
Published APR range: 7.75%-10.00%.
Published APR range: 8.00%-10.25%.
Published APR range: 8.00% - 18.00%. Subject to credit approval
Vehicle loan; Base Rate
Published APR range: 8.572% - 18.00%. As Low As
Maximum term for 2014-2018 used vehicles; Base Rate 9.49% APR; vehicle loans must be from a dealership in the member's state of residence and registered in the member's name
As Low As
Grade: Platinum; Collateral Value: 100% LTV
As Low As; Vehicles no older than 3 years with less than 30,000 miles (with only 1 previous owner)
As Low As; Vehicles no older than 3 years with less than 30,000 miles (with only 1 previous owner)
As Low As; Vehicles no older than 3 years with less than 30,000 miles (with only 1 previous owner); New Vehicles less than $10,000.00 will be financed no longer than 60 Months
As Low As; Up to one model year old
As Low As; Vehicle must be 10 model years old or newer; APR = Annual Percentage Rate
Credit Grade: Platinum (credit score 730+); Collateral Value: 100% LTV
As Low As; APR range 3.25%-13.00%; 100% Financing
Credit Rating: S (775+); LTV: 125% LTV with GAP; GPS: May Use
Credit Rating: S (775+); LTV: 125% LTV with GAP
As Low As; New Eco-Friendly Autos (2026, 2025 w/less than 15,000 miles)
Grade: Platinum; Collateral Value: 100% LTV
As Low As; Vehicles no older than 3 years with less than 30,000 miles (with only 1 previous owner)
As Low As; APR range 3.50%-14.00%; 100% Financing
As Low As; APR range 3.50%-14.00%; NADA Retail Value Maximum
As Low As; Rates effective September 11th, 2026
As Low As; Rates quoted as of 10/01/2026
- Oct 8, 20263.74%▲ from 3.49%
- Sep 20, 20263.49%first recorded
Grade: Platinum; Collateral Value: 100% LTV
Credit Grade: Platinum (credit score 730+); Collateral Value: 100% LTV
As Low As; Vehicles no older than 3 years with less than 30,000 miles (with only 1 previous owner)
As Low As; Rate as low as 3.75% APR available on 48-month auto loans for qualified borrowers; advertised rate includes 1.25% discount for members with an active MAX checking account open at least three months and 0.25% discount for qualifying LTV rates
As Low As; Rate as low as 3.75% APR available on 48-month auto loans for qualified borrowers; lowest rates require MAX checking account; APR may vary by credit performance, year of collateral and term
As Low As; APR range 3.75%-15.00%; 100% Financing
As Low As; APR range 3.75%-15.00%
Credit Rating: S (775+); LTV: 125% LTV with GAP; GPS: May Use
Credit Rating: S (775+); LTV: 125% LTV with GAP
As Low As; Rates effective September 11th, 2026
As Low As; Rates as of Oct 13, 2026 ET; Assumes excellent credit; New vehicles
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles or 7,500-30,000 miles; Rates as of Oct 13, 2026 ET
Credit Rating: S (775+); LTV: 125% NADA with GAP; GPS: May Use
Credit Rating: S (775+); LTV: 125% NADA with GAP
No Payment for 90 days option.^^^ Up to 120% financing with approved credit up to MSRP for most New Autos and up to 100% NADA Retail on Used Autos per the chart below. An auto is considered new if it is a 2026 or 2025 model vehicle with less than 15,000 miles. Qualifying members may elect for the option of "No Payment for 90 days" on qualifying auto loans; however, interest accrues from the date of contract. Other conditions and restrictions may apply on all loan types; and rates and terms may be limited by loan amount, credit history, and other factors. Not all collateral items qualify for the terms shown. Terms may vary based on the age of the vehicle. Existing New Horizons Credit Unions loans do not qualify for refinancing. Terms and rates are based on an evaluation of applicant's credit and may vary. Other rates and terms are available and may vary depending on amount financed. All loans are subject to credit approval. Use our calculator to estimate loan payments and options. Qualifying members may elect to have " No Payment for 90 Days " on qualifying NHCU Auto Loans; however, interest will accrue from the date of contract. Existing NHCU auto loans do not qualify for this offer or rate. All loans subject to credit approval. Credit Union reserves the right to terminate offer at any time. All rates subject to change. Maximum annual percentage rate shall not exceed 18.00% APR. Existing New Horizons CU loans do not qualify. For comparison purpose, an auto loan at 3.99% APR* a loan amount of $25,000 and a term of 36 months, would have 36 recurring payments of $737.99. Taxes and insurance may cause your payment to be higher. This offer includes new and used cars and trucks. With the no payment for 90 days, interest will accrue from the date of contract. Call 251-316-3240 for details on the no payment for 90-day option and details on our auto loan products. APR = Annual Percentage Rate.
As Low As; New Autos (2026, 2025 w/less than 15,000 miles)
As Low As; Used Autos (2024-2020)
Grade: Platinum; Collateral Value: 100% LTV
Grade: Preferred; Collateral Value: 100% LTV
As Low As; Vehicle must be New, no miles and cost more than $25,001.00
As Low As; APR range 4.00%-16.00%; 100% Financing
As Low As; APR range 4.00%-16.00%
As Low As; Business Vehicle Loan Rates; New vehicles: new and late model used vehicles (2025 and newer model years) with 30,000 or fewer miles
As Low As; Rates effective September 11th, 2026
As Low As; Rates effective September 11th, 2026
As Low As; Rates quoted as of 10/01/2026
- Oct 8, 20264.24%▲ from 3.99%
- Sep 20, 20263.99%first recorded
Tier 1 credit; includes automatic payment discount from NGFCU checking or savings account
As Low As; Rates based on loan term and applicant's credit history; Rates effective 06/01/2026
Credit Grade: Platinum (credit score 730+); Collateral Value: 100% LTV
Credit Grade: Preferred (credit score 729-680); Collateral Value: 100% LTV
As Low As; Rates as of Oct 13, 2026 ET; Assumes excellent credit; New vehicles
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles or 7,500-30,000 miles; Rates as of Oct 13, 2026 ET
Credit Rating: S (775+); LTV: 125% LTV with GAP; GPS: May Use
Credit Rating: S (775+); LTV: 125% LTV with GAP
As Low As; Current and previous year's models; Actual rates and terms vary based on credit history, loan amount, and collateral
As Low As; Rates effective September 11th, 2026
Credit Rating: A (700-774); LTV: 125% LTV with GAP; GPS: May Use
Credit Rating: A (700-774); LTV: 125% LTV with GAP
Credit Rating: S (775+); LTV: 125% NADA with GAP; GPS: May Use
Credit Rating: S (775+); LTV: 125% NADA with GAP
Published APR range: 4.49% - 5.49%. As Low As; Vehicles; Closed-end consumer loans qualify for a 1/4% discount with automatic payments unless promotional rate
As Low As; Rates quoted as of 10/01/2026
- Oct 8, 20264.49%▲ from 4.24%
- Sep 20, 20264.24%first recorded
APR (As low as); Estimated payment per $1000: $22.80
Published APR range: 4.49% - 17.49%. Auto loan for new autos and used autos 2 years old; Annual Percentage Rate (APR*); rates subject to borrower credit history, loan term and vehicle year
Published APR range: 4.49% - 5.49%. As low as
Financing $20,000 or more
As Low As; APR range 4.50% - 21.95%; Apply Now
- Oct 2, 20264.50%▲ from 3.25%
- Sep 18, 20263.25%first recorded
Term: 6.5 Years (78 months); Grade: Platinum; Collateral Value: 100% LTV
Grade: Preferred; Collateral Value: 100% LTV
As Low As; Current year + 2 previous years
As Low As; Annual Percentage Rate (APR) as low as; Vehicle Loans - Auto Loans; Rates subject to change; Please call for quote
As Low As; Annual Percentage Rate (APR) as low as; Vehicle Loans - Auto Loans; Rates subject to change; Please call for quote
As Low As; Rates effective as of September 1, 2026; APR may vary based on credit history and underwriting
As Low As; Rates effective as of September 1, 2026; APR may vary based on credit history and underwriting
As Low As; Guaranteed Better Loan Advantage; No Payment for 90 Days; Flexible Monthly Terms 24-84
Lowest rate; Current & prior 2 model years
As Low As; APR range 4.50%-7.75%; 90% Financing
As Low As; Rates as of Oct 13, 2026 ET; Assumes excellent credit; New vehicles
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles or 7,500-30,000 miles; Rates as of Oct 13, 2026 ET
Tier 1 credit; includes automatic payment discount from NGFCU checking or savings account
As Low As; Model Year: 2026, 2025, 2024; Mileage less than 30k
As Low As; Up to one model year old
As Low As; Payment:
- Oct 9, 20264.65%▲ from 4.50%
- Sep 14, 20264.50%first recorded
As Low As; Rates based on creditworthiness and subject to additional underwriting criteria
As Low As; Rates effective September 11th, 2026
As Low As; Rates effective September 11th, 2026
As Low As; Model Year: 2023-2018
As Low As; Model Year: 2026, 2025, 2024; Mileage less than 30k
Minimum loan $10,001 on terms of more than 48 months; Tier 1 credit; includes automatic payment discount from NGFCU checking or savings account
New and Used Auto Loans; Loan Type: New Auto/Truck; Rates vary based on credit and loan term
- Oct 10, 20264.74%▼ from 4.99%
- Sep 14, 20264.99%first recorded
Grade: Preferred; Collateral Value: 100% LTV
Credit Grade: Platinum (credit score 730+); Collateral Value: 100% LTV
Credit Grade: Preferred (credit score 729-680); Collateral Value: 100% LTV
Birmingham New Auto Auto Loan Rates
Published APR range: 4.50%-6.75%.
APR as low as; Includes Passenger, Custom, Cargo Vans, Pickups. Maximum Loan Amount: MSRP; Available to Qualifying Members Only, Over $25,000
As Low As; Featured rate; Your APR is based on credit worthiness, loan amount, current mileage, term of the loan and loan to value
APR as low as; Includes Passenger, Custom, Cargo Vans, Pickups. Maximum Loan Amount: MSRP; Available to Qualifying Members Only, Over $25,000
Rates as low as
- Oct 9, 20264.74%▲ from 4.49%
- Sep 21, 20264.49%first recorded
Rates as low as
- Oct 9, 20264.74%▲ from 4.49%
- Sep 21, 20264.49%first recorded
Published APR range: 4.75%-7.00%.
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
APR as low as; Includes Passenger, Custom, Cargo Vans, Pickups. Maximum Loan Amount: MSRP; Available to Qualifying Members Only, Over $25,000
As Low As; Auto Loan; Minimum loan amount $4,000; maximum loan amount $150,000; APR includes one-time $150 loan origination fee and 0.65% interest rate discount for automatic payment draft from a SouthState checking account; example loan $42,500 for 72 months
Rates as low as
- Oct 9, 20265.24%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
APR as low as; Includes Passenger, Custom, Cargo Vans, Pickups. Maximum Loan Amount: MSRP; Available to Qualifying Members Only, Over $25,000
Vehicle loan; Base Rate APR range 5.49% - 5.99%; low end shown as APR
Published APR range: 5.50%-7.75%.
As Low As; Vehicles 5-7 years old financed up to 60 months; 8-10 years old financed up to 48 months
- Oct 9, 20265.50%▲ from 5.00%
- Sep 14, 20265.00%first recorded
As Low As; Vehicles 5-7 years old financed up to 60 months; 8-10 years old financed up to 48 months
- Oct 9, 20265.50%▲ from 5.25%
- Sep 14, 20265.25%first recorded
As Low As; Auto Loan; Minimum loan amount $50,000; maximum loan amount $150,000; APR includes one-time $150 loan origination fee and 0.65% interest rate discount for automatic payment draft from a SouthState checking account; example loan $50,000 for 84 months
Rates as low as
- Oct 9, 20265.74%▲ from 5.49%
- Sep 14, 20265.49%first recorded
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
Published APR range: 6.00%-8.25%.
As Low As; Vehicles 5-7 years old financed up to 60 months; 8-10 years old financed up to 48 months
- Oct 9, 20266.00%▲ from 5.99%
- Sep 14, 20265.99%first recorded
Financing amount: $45,000; For online applicants with an excellent credit history; Rate varies by credit history, vehicle, financing amount and term
APR based on 60 months and $45,000 financing; for online applicants with excellent credit
- 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; Vehicles 5-7 years old financed up to 60 months; 8-10 years old financed up to 48 months
- Oct 9, 20266.25%▲ from 5.90%
- Sep 14, 20265.90%first recorded
APR as low as; Includes Passenger, Custom, Cargo Vans, Pickups. Maximum Loan Amount: MSRP; Available to Qualifying Members Only, Over $25,000
Published APR range: 6.75%-9.00%.
Published APR range: 7.571% - 18.000%. As Low As; Term of 84 months only available for vehicles up to 2 years old and loan amounts of at least $35,000
Grade: Platinum; Collateral Value: 100% LTV
As Low As; Vehicles no older than 3 years with less than 30,000 miles (with only 1 previous owner)
As Low As; Vehicles no older than 3 years with less than 30,000 miles (with only 1 previous owner)
As Low As; Vehicles no older than 3 years with less than 30,000 miles (with only 1 previous owner); New Vehicles less than $10,000.00 will be financed no longer than 60 Months
As Low As; Up to one model year old
As Low As; APR range 3.25%-13.00%; 100% Financing
Credit Rating: S (775+); LTV: 125% LTV with GAP; GPS: May Use
Credit Rating: S (775+); LTV: 125% LTV with GAP
As Low As; New Eco-Friendly Autos (2026, 2025 w/less than 15,000 miles)
Grade: Platinum; Collateral Value: 100% LTV
As Low As; Vehicles no older than 3 years with less than 30,000 miles (with only 1 previous owner)
As Low As; APR range 3.50%-14.00%; 100% Financing
As Low As; Rates quoted as of 10/01/2026
- Oct 8, 20263.74%▲ from 3.49%
- Sep 20, 20263.49%first recorded
Grade: Platinum; Collateral Value: 100% LTV
As Low As; Vehicles no older than 3 years with less than 30,000 miles (with only 1 previous owner)
As Low As; APR range 3.75%-15.00%; 100% Financing
Credit Rating: S (775+); LTV: 125% LTV with GAP; GPS: May Use
Credit Rating: S (775+); LTV: 125% LTV with GAP
As Low As; Rates effective September 11th, 2026
As Low As; Rates as of Oct 13, 2026 ET; Assumes excellent credit; New vehicles
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles or 7,500-30,000 miles; Rates as of Oct 13, 2026 ET
No Payment for 90 days option.^^^ Up to 120% financing with approved credit up to MSRP for most New Autos and up to 100% NADA Retail on Used Autos per the chart below. An auto is considered new if it is a 2026 or 2025 model vehicle with less than 15,000 miles. Qualifying members may elect for the option of "No Payment for 90 days" on qualifying auto loans; however, interest accrues from the date of contract. Other conditions and restrictions may apply on all loan types; and rates and terms may be limited by loan amount, credit history, and other factors. Not all collateral items qualify for the terms shown. Terms may vary based on the age of the vehicle. Existing New Horizons Credit Unions loans do not qualify for refinancing. Terms and rates are based on an evaluation of applicant's credit and may vary. Other rates and terms are available and may vary depending on amount financed. All loans are subject to credit approval. Use our calculator to estimate loan payments and options. Qualifying members may elect to have " No Payment for 90 Days " on qualifying NHCU Auto Loans; however, interest will accrue from the date of contract. Existing NHCU auto loans do not qualify for this offer or rate. All loans subject to credit approval. Credit Union reserves the right to terminate offer at any time. All rates subject to change. Maximum annual percentage rate shall not exceed 18.00% APR. Existing New Horizons CU loans do not qualify. For comparison purpose, an auto loan at 3.99% APR* a loan amount of $25,000 and a term of 36 months, would have 36 recurring payments of $737.99. Taxes and insurance may cause your payment to be higher. This offer includes new and used cars and trucks. With the no payment for 90 days, interest will accrue from the date of contract. Call 251-316-3240 for details on the no payment for 90-day option and details on our auto loan products. APR = Annual Percentage Rate.
As Low As; New Autos (2026, 2025 w/less than 15,000 miles)
Grade: Platinum; Collateral Value: 100% LTV
Grade: Preferred; Collateral Value: 100% LTV
As Low As; Vehicle must be New, no miles and cost more than $25,001.00
As Low As; APR range 4.00%-16.00%; 100% Financing
As Low As; Business Vehicle Loan Rates; New vehicles: new and late model used vehicles (2025 and newer model years) with 30,000 or fewer miles
As Low As; Rates effective September 11th, 2026
As Low As; Rates quoted as of 10/01/2026
- Oct 8, 20264.24%▲ from 3.99%
- Sep 20, 20263.99%first recorded
Tier 1 credit; includes automatic payment discount from NGFCU checking or savings account
As Low As; Rates based on loan term and applicant's credit history; Rates effective 06/01/2026
As Low As; Rates as of Oct 13, 2026 ET; Assumes excellent credit; New vehicles
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles or 7,500-30,000 miles; Rates as of Oct 13, 2026 ET
Credit Rating: S (775+); LTV: 125% LTV with GAP; GPS: May Use
Credit Rating: S (775+); LTV: 125% LTV with GAP
As Low As; Current and previous year's models; Actual rates and terms vary based on credit history, loan amount, and collateral
As Low As; Rates effective September 11th, 2026
Credit Rating: A (700-774); LTV: 125% LTV with GAP; GPS: May Use
Credit Rating: A (700-774); LTV: 125% LTV with GAP
Published APR range: 4.49% - 5.49%. As Low As; Vehicles; Closed-end consumer loans qualify for a 1/4% discount with automatic payments unless promotional rate
As Low As; Rates quoted as of 10/01/2026
- Oct 8, 20264.49%▲ from 4.24%
- Sep 20, 20264.24%first recorded
APR (As low as); Estimated payment per $1000: $22.80
Published APR range: 4.49% - 17.49%. Auto loan for new autos and used autos 2 years old; Annual Percentage Rate (APR*); rates subject to borrower credit history, loan term and vehicle year
Published APR range: 4.49% - 5.49%. As low as
Financing $20,000 or more
As Low As; APR range 4.50% - 21.95%; Apply Now
- Oct 2, 20264.50%▲ from 3.25%
- Sep 18, 20263.25%first recorded
Term: 6.5 Years (78 months); Grade: Platinum; Collateral Value: 100% LTV
Grade: Preferred; Collateral Value: 100% LTV
As Low As; Current year + 2 previous years
As Low As; Rates effective as of September 1, 2026; APR may vary based on credit history and underwriting
As Low As; Rates effective as of September 1, 2026; APR may vary based on credit history and underwriting
Lowest rate; Current & prior 2 model years
As Low As; APR range 4.50%-7.75%; 90% Financing
As Low As; Rates as of Oct 13, 2026 ET; Assumes excellent credit; New vehicles
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles or 7,500-30,000 miles; Rates as of Oct 13, 2026 ET
Tier 1 credit; includes automatic payment discount from NGFCU checking or savings account
As Low As; Model Year: 2026, 2025, 2024; Mileage less than 30k
As Low As; Up to one model year old
As Low As; Payment:
- Oct 9, 20264.65%▲ from 4.50%
- Sep 14, 20264.50%first recorded
As Low As; Rates based on creditworthiness and subject to additional underwriting criteria
As Low As; Rates effective September 11th, 2026
As Low As; Model Year: 2023-2018
As Low As; Model Year: 2026, 2025, 2024; Mileage less than 30k
Minimum loan $10,001 on terms of more than 48 months; Tier 1 credit; includes automatic payment discount from NGFCU checking or savings account
New and Used Auto Loans; Loan Type: New Auto/Truck; Rates vary based on credit and loan term
- Oct 10, 20264.74%▼ from 4.99%
- Sep 14, 20264.99%first recorded
Grade: Preferred; Collateral Value: 100% LTV
Birmingham Used Auto Auto Loan Rates
Published APR range: 4.50%-6.75%.
As Low As; Includes Passenger, Custom/Cargo Vans, Pickups. Maximum Loan Amount: 120% of NADA Retail Value
Published APR range: 4.75%-7.00%.
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
As Low As; Includes Passenger, Custom/Cargo Vans, Pickups. Maximum Loan Amount: 120% of NADA Retail Value
As Low As; Includes Passenger, Custom/Cargo Vans, Pickups. Maximum Loan Amount: 120% of NADA Retail Value
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
Published APR range: 5.50%-7.75%.
As Low As; Vehicles 5-7 years old financed up to 60 months; 8-10 years old financed up to 48 months
- Oct 9, 20265.50%▲ from 5.00%
- Sep 14, 20265.00%first recorded
As Low As; Vehicles 5-7 years old financed up to 60 months; 8-10 years old financed up to 48 months
- Oct 9, 20265.50%▲ from 5.25%
- Sep 14, 20265.25%first recorded
As Low As; Includes Passenger, Custom/Cargo Vans, Pickups. Maximum Loan Amount: 120% of NADA Retail Value
As Low As; Model Year: 2022 and Newer; Subject to Credit Approval
Vehicle loan; Base Rate
Published APR range: 6.00%-8.25%.
Published APR range: 6.00%-8.25%.
As Low As; Vehicles 5-7 years old financed up to 60 months; 8-10 years old financed up to 48 months
- Oct 9, 20266.00%▲ from 5.99%
- Sep 14, 20265.99%first recorded
As Low As
As Low As; Auto Loan; Minimum loan amount $4,000; maximum loan amount $150,000; APR includes one-time $150 loan origination fee and 0.65% interest rate discount for automatic payment draft from a SouthState checking account; example loan $25,000 for 72 months; eligible model years 2023-2026
As Low As; Vehicles 5-7 years old financed up to 60 months; 8-10 years old financed up to 48 months
- Oct 9, 20266.25%▲ from 5.90%
- Sep 14, 20265.90%first recorded
As Low As; Subject to Credit Approval
As Low As; Subject to Credit Approval
As Low As; Subject to Credit Approval
Financing amount: $30,000; For online applicants with an excellent credit history; Rate varies by credit history, vehicle, financing amount and term
APR based on 60 months and $30,000 financing; for online applicants with excellent credit
- 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
Vehicle loan; Base Rate
Published APR range: 6.50%-8.75%.
As Low As
As Low As; Includes Passenger, Custom/Cargo Vans, Pickups. Maximum Loan Amount: 120% of NADA Retail Value
Published APR range: 6.75%-9.00%.
As Low As; Subject to Credit Approval
Vehicle loan; Base Rate
Published APR range: 7.25%-9.50%.
As Low As; Subject to Credit Approval; APR is Annual Percentage Rate
As Low As; Subject to Credit Approval; APR is Annual Percentage Rate
Published APR range: 7.75%-10.00%.
Published APR range: 8.00%-10.25%.
Vehicle loan; Base Rate
Published APR range: 8.572% - 18.00%. As Low As
Maximum term for 2014-2018 used vehicles; Base Rate 9.49% APR; vehicle loans must be from a dealership in the member's state of residence and registered in the member's name
As Low As; Vehicle must be 10 model years old or newer; APR = Annual Percentage Rate
Credit Grade: Platinum (credit score 730+); Collateral Value: 100% LTV
As Low As; APR range 3.50%-14.00%; NADA Retail Value Maximum
As Low As; Rates effective September 11th, 2026
As Low As; Rates quoted as of 10/01/2026
- Oct 8, 20263.74%▲ from 3.49%
- Sep 20, 20263.49%first recorded
Credit Grade: Platinum (credit score 730+); Collateral Value: 100% LTV
As Low As; APR range 3.75%-15.00%
Credit Rating: S (775+); LTV: 125% NADA with GAP; GPS: May Use
Credit Rating: S (775+); LTV: 125% NADA with GAP
No Payment for 90 days option.^^^ Up to 120% financing with approved credit up to MSRP for most New Autos and up to 100% NADA Retail on Used Autos per the chart below. An auto is considered new if it is a 2026 or 2025 model vehicle with less than 15,000 miles. Qualifying members may elect for the option of "No Payment for 90 days" on qualifying auto loans; however, interest accrues from the date of contract. Other conditions and restrictions may apply on all loan types; and rates and terms may be limited by loan amount, credit history, and other factors. Not all collateral items qualify for the terms shown. Terms may vary based on the age of the vehicle. Existing New Horizons Credit Unions loans do not qualify for refinancing. Terms and rates are based on an evaluation of applicant's credit and may vary. Other rates and terms are available and may vary depending on amount financed. All loans are subject to credit approval. Use our calculator to estimate loan payments and options. Qualifying members may elect to have " No Payment for 90 Days " on qualifying NHCU Auto Loans; however, interest will accrue from the date of contract. Existing NHCU auto loans do not qualify for this offer or rate. All loans subject to credit approval. Credit Union reserves the right to terminate offer at any time. All rates subject to change. Maximum annual percentage rate shall not exceed 18.00% APR. Existing New Horizons CU loans do not qualify. For comparison purpose, an auto loan at 3.99% APR* a loan amount of $25,000 and a term of 36 months, would have 36 recurring payments of $737.99. Taxes and insurance may cause your payment to be higher. This offer includes new and used cars and trucks. With the no payment for 90 days, interest will accrue from the date of contract. Call 251-316-3240 for details on the no payment for 90-day option and details on our auto loan products. APR = Annual Percentage Rate.
As Low As; Used Autos (2024-2020)
As Low As; APR range 4.00%-16.00%
As Low As; Rates effective September 11th, 2026
As Low As; Rates quoted as of 10/01/2026
- Oct 8, 20264.24%▲ from 3.99%
- Sep 20, 20263.99%first recorded
Credit Grade: Platinum (credit score 730+); Collateral Value: 100% LTV
Credit Grade: Preferred (credit score 729-680); Collateral Value: 100% LTV
Credit Rating: S (775+); LTV: 125% NADA with GAP; GPS: May Use
Credit Rating: S (775+); LTV: 125% NADA with GAP
As Low As; Rates quoted as of 10/01/2026
- Oct 8, 20264.49%▲ from 4.24%
- Sep 20, 20264.24%first recorded
Published APR range: 4.49% - 17.49%. Auto loan for new autos and used autos 2 years old; Annual Percentage Rate (APR*); rates subject to borrower credit history, loan term and vehicle year
Financing $20,000 or more
As Low As; APR range 4.50% - 21.95%; Apply Now
- Oct 2, 20264.50%▲ from 3.25%
- Sep 18, 20263.25%first recorded
As Low As; Rates effective as of September 1, 2026; APR may vary based on credit history and underwriting
As Low As; Rates effective as of September 1, 2026; APR may vary based on credit history and underwriting
Lowest rate; Current & prior 2 model years
As Low As; Model Year: 2026, 2025, 2024; Mileage less than 30k
As Low As; Payment:
- Oct 9, 20264.65%▲ from 4.50%
- Sep 14, 20264.50%first recorded
As Low As; Rates effective September 11th, 2026
As Low As; Model Year: 2023-2018
As Low As; Model Year: 2026, 2025, 2024; Mileage less than 30k
Credit Grade: Platinum (credit score 730+); Collateral Value: 100% LTV
Credit Grade: Preferred (credit score 729-680); Collateral Value: 100% LTV
Birmingham, AL Auto Loan Rate Trends
Compare local Birmingham, AL 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.
Alabama new auto rates rose 0.074 points over the past 7 days to 5.363% APR.
Alabama used auto rates rose 0.078 points over the past 7 days to 5.906% APR.
Birmingham, AL 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 Alabama 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 Alabama 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 @ 5.36% APR AL average | Used Auto @ 5.91% APR AL average | Monthly Difference |
|---|---|---|---|
| $15,000 | $285.57/mo | $289.34/mo | $3.77/mo |
| $25,000 | $475.95/mo | $482.23/mo | $6.28/mo |
| $35,000 | $666.32/mo | $675.12/mo | $8.79/mo |
| $45,000 | $856.70/mo | $868.01/mo | $11.30/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 Birmingham, Alabama
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Birmingham, Alabama 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 Alabama. 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 Birmingham, Alabama 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: Birmingham, Alabama CD rates lock in a guaranteed return until you’re ready to buy
Birmingham, Alabama Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $571 monthly car payment works out to roughly 20.3% of the median individual income in Birmingham, Alabama. 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 Birmingham, Alabama, 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 Birmingham, Alabama. We’ve prefilled the APR with today’s AL 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 Birmingham, Alabama 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 Birmingham, Alabama 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 Birmingham, Alabama. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in AL.
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 Birmingham, Alabama
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 Birmingham, Alabama
How does my credit score affect my car loan rate in Alabama?
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 Birmingham, Alabama?
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 Birmingham, Alabama?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Birmingham, Alabama?
- Legacy Community Federal Credit Union: 4.50% (Vehicle Loan)
- Alabama Central Credit Union: 4.50% (Auto Loans)
- Social Security Credit Union: 4.50% (New/Used Automobile (2 Years or Newer))
- Birmingham City Credit Union: 4.50% (Auto Loans)
- eCO Credit Union: 4.50% (New Auto (Current or up to 2 yrs. old) - 36 Months)
Birmingham, Alabama Rates & Resources
