Sherrard, Illinois Best Auto Loan Rates - October 2026
Brian McKay
Brian McKay
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Sherrard, Illinois auto loan rates from lenders serving Illinois range from 2.99% to 4.50% APR, verified by MonitorBankRates as of October 13, 2026. Current auto loan rates in Sherrard, Illinois include Polish And Slavic Federal Credit UnionPolish And Slavic Federal Credit UnionA+5.0 ★Texas Ratio: 1.64% offering New Auto Loan at 2.99%, Chicago Firefighters Credit UnionChicago Firefighters Credit UnionA+5.0 ★Texas Ratio: 0.28% offering New Vehicle Loan at 3.00%, Canals And Trails Credit UnionCanals And Trails Credit UnionA+5.0 ★Texas Ratio: 0.47% offering New Auto Loan at 3.00%, Western Springs Federal Credit UnionWestern Springs Federal Credit UnionA+5.0 ★Texas Ratio: 0.98% offering New Car Loan at 3.25%, ABD Federal Credit UnionABD Federal Credit UnionA+5.0 ★Texas Ratio: 2.28% offering New and Used Auto Loans at 3.25%. Auto loan rates as of October 13, 2026 according to verified data from MonitorBankRates.
Sherrard borrowers have access to 65 lenders serving the Illinois area, with auto loan rates as low as 2.99% APR from Polish And Slavic Federal Credit Union. 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 Sherrard, Illinois. Auto Loan Rates Last Updated and Verified: October 13, 2026
Compare Auto Loan Rates Today in Sherrard, Illinois & Surrounding Area
Sherrard Auto Loan Rates
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
Rates as low as 3.00% APR on qualifying 2025-2026 vehicle loans.
Maximum Loan $55,000.00; Rates available to current members only
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Term: 36 months to 72 months; Published APR range: 3.251% - 16.001%. Financing up to 90% of Kelley's Blue Book value; vehicle must be less than 7 years old; up to $40K for a new car or $35K for a used car; Term depends on age of vehicle; Application fee: $20.00; Requires vehicle description, most recent two pay stubs, proof of rent or mortgage, $50.00 deposit balance, credit union membership and capacity to repay
As Low As; Model Year: 2025-2026
As Low As; Auto & Recreational Loans
Term: 1-72 month finance period; APR is Annual Percentage Rate; rates subject to change
Credit Score: 750 plus
- Oct 9, 20263.49%▼ from 13.99%
- Sep 21, 202613.99%▲ from 3.49%
- Sep 14, 20263.49%first recorded
Payment:
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
Additional APR listed for this product: 3.75%, 5.25%. As Low As*
Additional APR listed for this product: 4.00%, 5.50%. As Low As*
Additional APR listed for this product: 3.75%, 4.25%, 5.75%. As Low As*
Credit Score: B 625-699
- Sep 18, 20263.50%▲ from 3.00%
- Sep 14, 20263.00%first recorded
Credit Score: A 700 & Up
Credit Score: A 700-above; 80% Financing, 20% down required; Includes recreational vehicle loans
As Low As; Model Year: 2019-2025
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Model Year: NEW; New vehicles only
Vehicle Year: 2023 and Newer; Existing CCNCU loans excluded; All rates subject to credit approval; APR varies by loan length, credit score, and collateral value
Credit Score: 750 plus
- Oct 9, 20263.75%▼ from 13.99%
- Sep 21, 202613.99%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Model Year: 2023-2026
NEW (2023-2026)
Additional APR listed for this product: 4.25%, 4.75%, 6.25%. As Low As*
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
As Low As; Model Year: 2024 & Older; Additional 1.25% for autos 2017-2019; Additional 2.50% for autos 2016 and older
As Low As; Model Year: 2025-2026
As Low As; Auto & Recreational Loans
As Low As; Loan Term
- Oct 10, 20263.84%▲ from 3.64%
- Sep 18, 20263.64%▲ from 3.49%
- Sep 14, 20263.49%first recorded
As Low As
As Low As; Rates subject to change.
Valuation: NADA Trade-in Value; rates as of 03/18/2026
Up to retail value (rates as of 03/18/2026)
With Auto Buying Service**; 2025 and Newer
Best Rate
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
Cars, motorcycles or ATVs; New Molex loans only; No down payment required; Add 1% extra for boats
New Molex loans only; No down payment required; Add 1% extra for boats
Model Year: 2021 & Newer; Effective Date: Tuesday, October 13th, 2026
- Oct 13, 20263.99%▼ from 6.25%
- Oct 9, 20266.25%first recorded
As Low As; Vehicle Type
As Low As; Vehicle Type
Credit Score: 750 plus
- Oct 9, 20263.99%▼ from 13.99%
- Sep 21, 202613.99%▲ from 3.99%
- Sep 14, 20263.99%first recorded
Published APR range: 3.99%-6.98%.
As Low As
As Low As
Published APR range: 3.99% to 14.99%. Vehicles 5 years and older add 2.00% to each tier. Rates are subject to change. Please contact Financial Partners Credit Union for current rate and eligibility details.
Vehicle Year: 2023 and Newer; Existing CCNCU loans excluded; All rates subject to credit approval; APR varies by loan length, credit score, and collateral value
As Low As; Rate includes up to 48 month term on 2024 and newer purchases & discounts for Auto Withdrawal .50% APR and SOCU primary checking account .50% APR: Additional .50% APR discount may apply with ScoreCard point redemption of equal points to amount of loan financed.
As Low As
Model Year: New Auto 2025 & Newer
Published APR range: 3.99% - 15.04%. APR*
This rate is fixed for up to 5 years. apr is based on TransUnion credit score*
Credit Score: B 625-699
Credit Score: A 700 & Up
Credit Score: B 625-699
- Sep 18, 20264.00%▲ from 3.50%
- Sep 14, 20263.50%first recorded
Credit Score: A 700-above; 80% Financing, 20% down required; Includes recreational vehicle loans
Credit Score: B 640-699; 80% Financing, 20% down required; Includes recreational vehicle loans
- Sep 18, 20264.00%▲ from 3.50%
- Sep 14, 20263.50%first recorded
Credit Score: A 700-above; 80% Financing, 20% down required; Call us before you make a car deal
Model Year: 2026-2024; Credit Score: 725+; All rates shown are APR
As Low As; Model Years: 2024-2026; Rates listed are for well qualified borrowers and are subject to credit score, term, and collateral
- Oct 9, 20264.00%▲ from 3.75%
- Sep 14, 20263.75%first recorded
As Low As; Vehicle model year: 2025 & Newer; *add .75% if member does not have a Visa or direct deposit
As Low As; Loan value over $15,000; Model Year: 2019-2025
As Low As; Based on FICO score
As Low As; Loan rates based on FICO score on credit report
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Model Year: NEW; New vehicles only
As low as
As Low As; Auto & Recreational Loans
Vehicle Year(s): 2024, '25, '26 & '27 Models; As low as
Vehicle Year(s): 2024, '25, '26 & '27 Models; As low as
Vehicle Year(s): 2024, '25, '26 & '27 Models; As low as
Additional APR listed for this product: 4.79%. Vehicle Year(s): 2024, '25, '26 & '27 Models; As low as
- Oct 9, 20264.14%▼ from 4.79%
- Sep 18, 20264.79%first recorded
Additional APR listed for this product: 5.09%. Vehicle Year(s): 2024, '25, '26 & '27 Models; As low as
- Oct 9, 20264.14%▼ from 5.09%
- Sep 18, 20265.09%first recorded
Listed rates include .10% member relationship discount and .25% automatic payment discount. To qualify for the relationship discount, you must have a Central Credit Union checking account, real estate loan, vehicle loan or Visa Platinum at the time you disburse your vehicle loan. To qualify for the automatic payment discount, your vehicle loan payment must be automatically deducted from a Central Credit Union checking account each month. Other terms are available at higher rates. APR may vary based on term and creditworthiness. At the listed rates, the credit union will finance up to 110% of the manufacturer's suggested retail price less any manufacturer's rebate for new vehicles and up to 110% of the NADA retail value for used vehicles for qualified members. Refinances not valid for existing Central Credit Union loans. Secretary of State retitling fee will be added to the loan balance of members who refinance with loans less than $10,000. To take advantage of listed rates, you must apply by November 30, 2026 and disburse your loan by December 15, 2026.
Model Year: New Auto 2025 & Newer
Fully Pledged Loan; Credit Grade: A (700-759)
Fully Pledged Loan; Credit Grade: A+ (760+)
Tier 1 credit; includes automatic payment discount from NGFCU checking or savings account
As Low As; Vehicle Type
As Low As; Vehicle Type
Published APR range: 4.24%-7.49%.
Vehicle Year: 2021 - 2022; All rates subject to credit approval; APR varies by loan length, credit score, and collateral value
As Low As; Model Year: 2024 & Newer; Discounts applied; based on exceptional credit rating and LTV less than 110%
As Low As
Maximum Loan $55,000.00; Rates available to current members only
Rates current as of 11/01/2024; PFCU prime rates, individual rates may vary by credit score; 1 point APR reduction with Direct Deposit into PFCU Premier Checking
Rates current as of 11/01/2024; PFCU prime rates, individual rates may vary by credit score; 1 point APR reduction with Direct Deposit into PFCU Premier Checking
Credit Score: 750 plus
- Oct 9, 20264.25%▼ from 14.99%
- Sep 21, 202614.99%▲ from 4.25%
- Sep 14, 20264.25%first recorded
Model Year: 2023-2026
NEW (2023-2026)
Model Year: 2019 - 2022
USED (2019 - 2022)
Additional APR listed for this product: 4.75%, 5.25%, 6.75%. As Low As*
Credit Score: C 550-624
As Low As; Based on FICO score
As Low As; Loan rates based on FICO score on credit report; Maximum Term 72 Months
Vehicle Year 2025 and newer
As Low As
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
As Low As; Model Year: 2024 & Older; Additional 1.25% for autos 2017-2019; Additional 2.50% for autos 2016 and older
As Low As
As Low As; Rates subject to change.
As Low As; Model Year: 2025-2026
As Low As; Loan Term
- Oct 10, 20264.34%▲ from 4.14%
- Sep 18, 20264.14%▲ from 3.89%
- Sep 14, 20263.89%first recorded
2023 & newer
As Low As; Model Year: 2023 - 2022; Discounts applied; based on exceptional credit rating and LTV less than 110%
Loan Payment Example: An Auto Loan of $33,000 at a rate of 4.24% rate (4.39% APR) for a 60-month term would result in a monthly payment of approximately $611.33.
- Oct 10, 20264.39%▼ from 5.40%
- Sep 14, 20265.40%first recorded
Model Year: New Auto 2025 & Newer
As Low As
As Low As
As Low As
As Low As
As Low As
As Low As; Vehicle: 2024 and Newer; Percent: 100%; Rate received is based on personal credit rating; rates reflect auto pay discount; excludes motorcycles and RVs
Model Year: NEW; New vehicles only
Published APR range: 4.44% - 15.44%. APR*
With Auto Buying Service**; 2023 to 2024
With Auto Buying Service**; 2025 and Newer
Term: 1-72 month finance period; APR is Annual Percentage Rate; rates subject to change
As Low As; Requires direct deposit with Parda Federal Credit Union; For qualified borrowers; Rate and term may vary based on credit score, year of collateral and loan-to-value
Credit Score: 700-749
- Oct 9, 20264.49%▼ from 13.99%
- Sep 21, 202613.99%▲ from 4.49%
- Sep 14, 20264.49%first recorded
Credit Score: 750 plus
- Oct 9, 20264.49%▼ from 14.99%
- Sep 21, 202614.99%▲ from 4.49%
- Sep 14, 20264.49%first recorded
Published APR range: 4.49%-8.74%.
As Low As
As low as; For example, a $20,000 loan for a term of 36 months with a 4.49% APR would have a monthly payment amount of $618.90 fully protected. Other rates and terms available. All loans subject to approval. Current NuMark Credit Union auto loans are not eligible for a refinance. Rates subject to change without notice.
As Low As; Model Year: 2026 - 2025; Discount available for larger down payments; Automobiles must have a minimum finance value of $4,000
Rates New
Rates New
Rates New
Rates New
Rates Used
Rates Used
Model Year: 2024 - Newer
- Oct 13, 20264.49%▲ from 3.99%
- Sep 18, 20263.99%first recorded
As Low As; Model Year: New 2026-2025; Effective Date: Tuesday, October 13th, 2026; Pmt Per $1,000: $18.64
As Low As; Rate assumes loan to value of 100% or less and term of 60 months or less. Not all borrowers will qualify for the lowest interest rate.
As Low As
Published APR range: 4.49% - 14.49%. Used Automobiles (2019 or older add 2% to rate)
As Low As
Fully Pledged Loan; Credit Grade: B (660-699)
Fully Pledged Loan; Credit Grade: A (700-759)
Fully Pledged Loan; Credit Grade: A+ (760+)
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
Vehicle Year: 2025 or Newer; Credit Score: A+ (760+)
As Low As
As Low As
Credit Score: B 625-699
Credit Score: A 700 & Up
Credit Score: B 625-699
Credit Score: A 700-above; 80% Financing, 20% down required; Includes recreational vehicle loans
Credit Score: B 640-699; 80% Financing, 20% down required; Includes recreational vehicle loans
Credit Score: C 550-639; 80% Financing, 20% down required; Includes recreational vehicle loans
- Sep 18, 20264.50%▲ from 3.50%
- Sep 14, 20263.50%first recorded
Credit Score: A 700-above; 80% Financing, 20% down required; Call us before you make a car deal
Credit Score: B 640-699; 80% Financing, 20% down required; Call us before you make a car deal
Valuation: NADA trade-in value
Valuation: Up to retail value; rates as of 03/18/2026
Valuation: NADA Trade-in Value; rates as of 03/18/2026
Up to 120% of Retail (rates as of 03/18/2026)
Up to retail value (rates as of 03/18/2026)
Down Payment: 20% Down (rates as of 03/18/2026)
All rates are subject to change without notice.
All rates are subject to change without notice.
All rates are subject to change without notice.
All rates are subject to change without notice.
All rates are subject to change without notice.
All rates are subject to change without notice.
All rates are subject to change without notice.
All rates are subject to change without notice.
All rates are subject to change without notice.
Model Year: 2026-2024; Credit Score: 725+; All rates shown are APR
Model Year: 2023-2020; Credit Score: 725+; All rates shown are APR
As Low As; Model Years: 2024-2026; Rates listed are for well qualified borrowers and are subject to credit score, term, and collateral
- Oct 9, 20264.50%▲ from 4.25%
- Sep 18, 20264.25%first recorded
As Low As; Model Years: 2020-2023; Rates listed are for well qualified borrowers and are subject to credit score, term, and collateral
- Oct 9, 20264.50%▲ from 4.25%
- Sep 18, 20264.25%▲ from 3.75%
- Sep 14, 20263.75%first recorded
As Low As; Auto/RV Max $75,000
Sherrard New Auto Auto Loan Rates
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
Rates as low as 3.00% APR on qualifying 2025-2026 vehicle loans.
Maximum Loan $55,000.00; Rates available to current members only
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Term: 36 months to 72 months; Published APR range: 3.251% - 16.001%. Financing up to 90% of Kelley's Blue Book value; vehicle must be less than 7 years old; up to $40K for a new car or $35K for a used car; Term depends on age of vehicle; Application fee: $20.00; Requires vehicle description, most recent two pay stubs, proof of rent or mortgage, $50.00 deposit balance, credit union membership and capacity to repay
As Low As; Auto & Recreational Loans
Credit Score: 750 plus
- Oct 9, 20263.49%▼ from 13.99%
- Sep 21, 202613.99%▲ from 3.49%
- Sep 14, 20263.49%first recorded
Payment:
As Low As; Rates apply with automatic payment from PSFCU Checking Account; 0.25% higher without automatic payment
Additional APR listed for this product: 3.75%, 5.25%. As Low As*
Additional APR listed for this product: 4.00%, 5.50%. As Low As*
Additional APR listed for this product: 3.75%, 4.25%, 5.75%. As Low As*
Credit Score: B 625-699
- Sep 18, 20263.50%▲ from 3.00%
- Sep 14, 20263.00%first recorded
Credit Score: A 700-above; 80% Financing, 20% down required; Includes recreational vehicle loans
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Model Year: NEW; New vehicles only
Vehicle Year: 2023 and Newer; Existing CCNCU loans excluded; All rates subject to credit approval; APR varies by loan length, credit score, and collateral value
Credit Score: 750 plus
- Oct 9, 20263.75%▼ from 13.99%
- Sep 21, 202613.99%▲ from 3.75%
- Sep 14, 20263.75%first recorded
Model Year: 2023-2026
NEW (2023-2026)
Additional APR listed for this product: 4.25%, 4.75%, 6.25%. As Low As*
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
As Low As; Loan Term
- Oct 10, 20263.84%▲ from 3.64%
- Sep 18, 20263.64%▲ from 3.49%
- Sep 14, 20263.49%first recorded
As Low As
As Low As; Rates subject to change.
Up to retail value (rates as of 03/18/2026)
Best Rate
Cars, motorcycles or ATVs; New Molex loans only; No down payment required; Add 1% extra for boats
New Molex loans only; No down payment required; Add 1% extra for boats
As Low As; Vehicle Type
Credit Score: 750 plus
- Oct 9, 20263.99%▼ from 13.99%
- Sep 21, 202613.99%▲ from 3.99%
- Sep 14, 20263.99%first recorded
Published APR range: 3.99%-6.98%.
As Low As
As Low As
Vehicle Year: 2023 and Newer; Existing CCNCU loans excluded; All rates subject to credit approval; APR varies by loan length, credit score, and collateral value
Model Year: New Auto 2025 & Newer
This rate is fixed for up to 5 years. apr is based on TransUnion credit score*
Credit Score: B 625-699
Credit Score: A 700-above; 80% Financing, 20% down required; Includes recreational vehicle loans
Credit Score: B 640-699; 80% Financing, 20% down required; Includes recreational vehicle loans
- Sep 18, 20264.00%▲ from 3.50%
- Sep 14, 20263.50%first recorded
As Low As; Vehicle model year: 2025 & Newer; *add .75% if member does not have a Visa or direct deposit
As Low As; Based on FICO score
As Low As; Loan rates based on FICO score on credit report
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Model Year: NEW; New vehicles only
As low as
As Low As; Auto & Recreational Loans
Model Year: New Auto 2025 & Newer
Tier 1 credit; includes automatic payment discount from NGFCU checking or savings account
As Low As; Vehicle Type
Published APR range: 4.24%-7.49%.
As Low As; Model Year: 2024 & Newer; Discounts applied; based on exceptional credit rating and LTV less than 110%
As Low As
Maximum Loan $55,000.00; Rates available to current members only
Rates current as of 11/01/2024; PFCU prime rates, individual rates may vary by credit score; 1 point APR reduction with Direct Deposit into PFCU Premier Checking
Rates current as of 11/01/2024; PFCU prime rates, individual rates may vary by credit score; 1 point APR reduction with Direct Deposit into PFCU Premier Checking
Credit Score: 750 plus
- Oct 9, 20264.25%▼ from 14.99%
- Sep 21, 202614.99%▲ from 4.25%
- Sep 14, 20264.25%first recorded
Model Year: 2023-2026
NEW (2023-2026)
Additional APR listed for this product: 4.75%, 5.25%, 6.75%. As Low As*
Credit Score: C 550-624
As Low As
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
As Low As
As Low As; Rates subject to change.
As Low As; Loan Term
- Oct 10, 20264.34%▲ from 4.14%
- Sep 18, 20264.14%▲ from 3.89%
- Sep 14, 20263.89%first recorded
Model Year: New Auto 2025 & Newer
As Low As
As Low As
As Low As
As Low As
As Low As
As Low As; Vehicle: 2024 and Newer; Percent: 100%; Rate received is based on personal credit rating; rates reflect auto pay discount; excludes motorcycles and RVs
Model Year: NEW; New vehicles only
As Low As; Requires direct deposit with Parda Federal Credit Union; For qualified borrowers; Rate and term may vary based on credit score, year of collateral and loan-to-value
Credit Score: 700-749
- Oct 9, 20264.49%▼ from 13.99%
- Sep 21, 202613.99%▲ from 4.49%
- Sep 14, 20264.49%first recorded
Published APR range: 4.49%-8.74%.
As Low As
As low as; For example, a $20,000 loan for a term of 36 months with a 4.49% APR would have a monthly payment amount of $618.90 fully protected. Other rates and terms available. All loans subject to approval. Current NuMark Credit Union auto loans are not eligible for a refinance. Rates subject to change without notice.
As Low As; Model Year: 2026 - 2025; Discount available for larger down payments; Automobiles must have a minimum finance value of $4,000
Rates New
Rates New
Rates New
Rates New
As Low As; Rate assumes loan to value of 100% or less and term of 60 months or less. Not all borrowers will qualify for the lowest interest rate.
Credit Score: B 625-699
Credit Score: A 700-above; 80% Financing, 20% down required; Includes recreational vehicle loans
Credit Score: B 640-699; 80% Financing, 20% down required; Includes recreational vehicle loans
Credit Score: C 550-639; 80% Financing, 20% down required; Includes recreational vehicle loans
- Sep 18, 20264.50%▲ from 3.50%
- Sep 14, 20263.50%first recorded
Up to 120% of Retail (rates as of 03/18/2026)
Up to retail value (rates as of 03/18/2026)
Down Payment: 20% Down (rates as of 03/18/2026)
Sherrard Used Auto Auto Loan Rates
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Term: 36 months to 72 months; Published APR range: 3.251% - 16.001%. Financing up to 90% of Kelley's Blue Book value; vehicle must be less than 7 years old; up to $40K for a new car or $35K for a used car; Term depends on age of vehicle; Application fee: $20.00; Requires vehicle description, most recent two pay stubs, proof of rent or mortgage, $50.00 deposit balance, credit union membership and capacity to repay
Payment:
Additional APR listed for this product: 3.75%, 5.25%. As Low As*
Additional APR listed for this product: 4.00%, 5.50%. As Low As*
Additional APR listed for this product: 3.75%, 4.25%, 5.75%. As Low As*
Credit Score: A 700 & Up
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Additional APR listed for this product: 4.25%, 4.75%, 6.25%. As Low As*
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
As Low As; Auto & Recreational Loans
Valuation: NADA Trade-in Value; rates as of 03/18/2026
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Vehicle Type
Published APR range: 3.99%-6.98%.
Credit Score: A 700 & Up
Credit Score: B 625-699
- Sep 18, 20264.00%▲ from 3.50%
- Sep 14, 20263.50%first recorded
Credit Score: A 700-above; 80% Financing, 20% down required; Call us before you make a car deal
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
As Low As; Vehicle Type
Published APR range: 4.24%-7.49%.
Rates current as of 11/01/2024; PFCU prime rates, individual rates may vary by credit score; 1 point APR reduction with Direct Deposit into PFCU Premier Checking
Model Year: 2019 - 2022
USED (2019 - 2022)
Additional APR listed for this product: 4.75%, 5.25%, 6.75%. As Low As*
As Low As; Based on FICO score
As Low As; Loan rates based on FICO score on credit report; Maximum Term 72 Months
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Term: 1-72 month finance period; APR is Annual Percentage Rate; rates subject to change
As Low As; Requires direct deposit with Parda Federal Credit Union; For qualified borrowers; Rate and term may vary based on credit score, year of collateral and loan-to-value
Credit Score: 750 plus
- Oct 9, 20264.49%▼ from 14.99%
- Sep 21, 202614.99%▲ from 4.49%
- Sep 14, 20264.49%first recorded
Published APR range: 4.49%-8.74%.
As low as; For example, a $20,000 loan for a term of 36 months with a 4.49% APR would have a monthly payment amount of $618.90 fully protected. Other rates and terms available. All loans subject to approval. Current NuMark Credit Union auto loans are not eligible for a refinance. Rates subject to change without notice.
Rates Used
Rates Used
Published APR range: 4.49% - 14.49%. Used Automobiles (2019 or older add 2% to rate)
As Low As
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
Credit Score: A 700 & Up
Credit Score: B 625-699
Credit Score: A 700-above; 80% Financing, 20% down required; Call us before you make a car deal
Credit Score: B 640-699; 80% Financing, 20% down required; Call us before you make a car deal
Valuation: NADA trade-in value
Valuation: Up to retail value; rates as of 03/18/2026
Valuation: NADA Trade-in Value; rates as of 03/18/2026
All rates are subject to change without notice.
All rates are subject to change without notice.
All rates are subject to change without notice.
All rates are subject to change without notice.
All rates are subject to change without notice.
All rates are subject to change without notice.
All rates are subject to change without notice.
All rates are subject to change without notice.
All rates are subject to change without notice.
Sherrard, IL Auto Loan Rate Trends
Compare local Sherrard, IL 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.
Illinois new auto rates rose 0.126 points over the past 7 days to 5.069% APR.
Illinois used auto rates rose 0.017 points over the past 7 days to 5.766% APR.
Sherrard, IL 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 Illinois 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 Illinois 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 @ 5.07% APR IL average | Used Auto @ 5.77% APR IL average | Monthly Difference |
|---|---|---|---|
| $15,000 | $283.54/mo | $288.36/mo | $4.82/mo |
| $25,000 | $472.57/mo | $480.60/mo | $8.03/mo |
| $35,000 | $661.60/mo | $672.84/mo | $11.25/mo |
| $45,000 | $850.62/mo | $865.08/mo | $14.46/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 Sherrard, Illinois
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Sherrard, Illinois 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 Illinois. 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 Sherrard, Illinois 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: Sherrard, Illinois CD rates lock in a guaranteed return until you’re ready to buy
Illinois Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau (state-level data shown; city data not available)
A $567 monthly car payment works out to roughly 14.1% of the median individual income in Illinois. 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 Sherrard, Illinois, 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 Sherrard, Illinois. We’ve prefilled the APR with today’s IL 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 Sherrard, Illinois 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 Sherrard, Illinois 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 Sherrard, Illinois. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in IL.
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 Sherrard, Illinois
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 Sherrard, Illinois
How does my credit score affect my car loan rate in Illinois?
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 Sherrard, Illinois?
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 Sherrard, Illinois?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Sherrard, Illinois?
- Polish And Slavic Federal Credit Union: 2.99% (New Auto Loan)
- Chicago Firefighters Credit Union: 3.00% (New Vehicle Loan)
- Canals And Trails Credit Union: 3.00% (New Auto Loan)
- Western Springs Federal Credit Union: 3.25% (New Car Loan)
- ABD Federal Credit Union: 3.25% (New and Used Auto Loans)
Sherrard, Illinois Rates & Resources
