Indiana Best Auto Loan Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Indiana auto loan rates range from 2.99% to 5.49% APR, verified by MonitorBankRates as of October 13, 2026. Current auto loan rates in Indiana include United Federal Credit UnionUnited Federal Credit Union4840 N Main St, Mishawaka, IN, 46545A+5.0 ★Texas Ratio: 4.11% offering Fixed Rate New & Used Auto Loans at 2.99%, Central Soya Federal Credit UnionCentral Soya Federal Credit Union1200 N 2nd St, Decatur, IN, 46733 1160A+5.0 ★Texas Ratio: 0.30% offering New Vehicle Loan at 3.49%, Chicagos Bravest Credit UnionChicagos Bravest Credit Union9449 Priority Way West Dr, Indianapolis, IN, 46240A+5.0 ★Texas Ratio: 2.42% offering New Vehicle Loan at 3.50%, Clifty Creek Employees Federal Credit UnionClifty Creek Employees Federal Credit Union220 Clifty Dr Ste H, Madison, IN, 47250 1669A+5.0 ★Texas Ratio: 0.00% offering Auto - 2023 - Newer Vehicle at 3.75%, Baxter Credit UnionBaxter Credit Union927 S Curry Pike, Bloomington, IN, 47403 2624A5.0 ★Texas Ratio: 6.31% offering Auto Loans - 2025 & Newer at 3.84%. Auto loan rates as of October 13, 2026 according to verified data from MonitorBankRates.
Use the tabs below to compare auto loan rates across Indiana side-by-side. Indiana auto loan rates currently start as low as 2.99% APR from United Federal Credit Union at 4840 N Main St, Mishawaka, IN, 46545. Rates are continually updated, so we recommend checking back frequently.
Auto loan rates reflect recent market quotes and representative offers available to borrowers in Indiana. Auto Loan Rates Last Updated and Verified: October 13, 2026
Compare Auto Loan Rates Today in Indiana
Indiana Auto Loan Rates
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
Special!
Special!
Special!
Special!
Credit Score: A 700-above; 80% Financing, 20% down required; Includes recreational vehicle loans
As Low As; Auto loan special; 5 Year Term
Model Year: 2023 - Newer; Credit Score Tier: A (700+)
- Sep 18, 20263.75%▼ from 9.74%
- Sep 17, 20269.74%▲ from 5.24%
- Sep 14, 20265.24%first recorded
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
Vehicle: New; Additional qualifications may apply
Vehicle: New; Additional qualifications may apply
Vehicle: New; Additional qualifications may apply
Vehicle: Used 2023 & Newer; Additional qualifications may apply
Term: 48 months - 84 months; Published APR range: 3.99%-9.74%. Annual Percentage Rates (APR) shown are the lowest rates WRFCU offers. The rate you receive will be based on your personal credit profile, the loan type and the term of the loan. WRFCU will finance up to 100% on new model year vehicles of the purchase price plus dealer costs. WRFCU uses Kelly Blue Book (KBB) Values to determine value of used vehicles. WRFCU will finance up to 100% KBB Value on used vehicles. Terms of 72 and 84 Months require a minimum loan of $20,000.
As Low As; NEW Auto Loan Rates
- Oct 5, 20263.99%▼ from 4.40%
- Sep 14, 20264.40%first recorded
As Low As; USED Auto Loan Rates
- Oct 5, 20263.99%▼ from 4.99%
- Sep 14, 20264.99%first recorded
Model Year: New Auto 2025 & Newer
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: New Auto 2025 & Newer
As Low As; Model Year: 2027-2022; Lowest rate offered based on credit score; Payment per $1,000 borrowed: $30.82
As Low As; Model Year: 2027-2022; Lowest rate offered based on credit score; Payment per $1,000 borrowed: $23.60
Vehicle: New; Additional qualifications may apply
As Low As
Model Year: 2023 - Newer; Credit Score Tier: A (700+)
- Sep 18, 20264.25%▼ from 9.74%
- Sep 17, 20269.74%▲ from 7.99%
- Sep 14, 20267.99%first recorded
As Low As; Maximum Term: 72 months
As Low As; Model Year: 2026-2021; Application and Approval Required
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
As Low As; Model Year: 2022 & Newer; Vehicle Loan
As Low As; Model Year: 2022 & Newer; Vehicle Loan
As Low As; Model Year: 2022 & Newer; Vehicle Loan
As Low As; Model Year: 2020 - 2021; Rates based on excellent credit and three qualifying services
Vehicle: Used 2023 & Newer; Additional qualifications may apply
As Low As; Rates as of 10/12/26; Specialty vehicles include RV's, Travel Trailers, 5th Wheels, Motor Homes, Boats, ATV's, UTV's, and other recreational merchandise; Increase rate by 0.50% without Loyalty Points; Used specialty vehicles 10 model years or older priced at personal loan rate with max 75% LTV; Minimum amount financed requirements for terms over 60 months; Loan rate not to exceed 18% APR; Floor of 3.49% APR
As Low As; Standard APR column; Rates as of 10/12/26; Loan rate not to exceed 18% APR; Floor of 3.49% APR
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
As Low As; APR up to 15.49%; 4 Years Old and Newer
As Low As; Promotional rate valid October 1 - October 31, 2026 on 2024 model year and newer; New and used vehicles; Rates effective 10/01/2026
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
Term: 36 months & 48 months; Model Year: 2025-2026
As Low As; Effective Date: 04/01/2026; Preferred Rate Program: 0.25% reduction per service for members with an active checking account, credit card or online banking
As Low As; Effective Date: 04/01/2026; Preferred Rate Program: 0.25% reduction per service for members with an active checking account, credit card or online banking
As Low As; Effective Date: 04/01/2026; Preferred Rate Program: 0.25% reduction per service for members with an active checking account, credit card or online banking
As Low As; Effective Date: 04/01/2026; Preferred Rate Program: 0.25% reduction per service for members with an active checking account, credit card or online banking
As Low As; Effective Date: 04/01/2026; Preferred Rate Program: 0.25% reduction per service for members with an active checking account, credit card or online banking
As Low As; Effective Date: 04/01/2026; Preferred Rate Program: 0.25% reduction per service for members with an active checking account, credit card or online banking
- Oct 5, 20264.45%▼ from 4.55%
- Sep 14, 20264.55%first recorded
As Low As; APR up to 16.49%; 4 Years Old and Newer
As Low As; Model Year: 2027-2022; Lowest rate offered based on credit score; Payment per $1,000 borrowed: $19.39
As Low As; Model Year: 2023-2027; Effective Date: 10/01/2026
- Oct 5, 20264.49%▲ from 3.99%
- Sep 14, 20263.99%first recorded
APR (As low as); Estimated payment per $1000: $22.80
Model Year: 2025-2026
As Low As
Model Year: 2023 - Newer; Credit Score Tier: B (600-699)
- Sep 18, 20264.50%▼ from 9.74%
- Sep 17, 20269.74%▲ from 5.24%
- Sep 14, 20265.24%first recorded
As Low As
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
As Low As; Model Year: 2020 - 2021; Rates based on excellent credit and three qualifying services
As Low As; Model Year: 2020 - 2021; Rates based on excellent credit and three qualifying services
As Low As; Rates as of 10/12/26; Specialty vehicles include RV's, Travel Trailers, 5th Wheels, Motor Homes, Boats, ATV's, UTV's, and other recreational merchandise; Increase rate by 0.50% without Loyalty Points; Used specialty vehicles 10 model years or older priced at personal loan rate with max 75% LTV; Minimum amount financed requirements for terms over 60 months; Loan rate not to exceed 18% APR; Floor of 3.49% APR
As Low As; Standard APR column; Rates as of 10/12/26; Loan rate not to exceed 18% APR; Floor of 3.49% APR
Model Year: 2025-2026
Term: 36 months & 48 months; Model Year: 2022-2024
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
As Low As; Model Year: 2026-2024
- Sep 29, 20264.65%▼ from 5.00%
- Sep 18, 20265.00%first recorded
As Low As; Model Year: 2024 - 2027
As Low As; Model Year: 2027-2022; Lowest rate offered based on credit score; Payment per $1,000 borrowed: $16.63
As Low As; Model Year: 2023-2027; Effective Date: 10/01/2026
- Oct 5, 20264.74%▲ from 4.24%
- Sep 14, 20264.24%first recorded
As Low As; Rates subject to change at any time. All loans subject to approval and terms. Rates include all possible discounts. Contact us to determine which discounts apply to you.
As Low As; Minimum Loan Amount is $1,000.00
As Low As; Minimum Loan Amount is $1,000.00
As Low As
As Low As; Model Year: 2026-2021; Application and Approval Required
As Low As; Model Year: 2022 & Newer; Vehicle Loan
New Auto is consider current and next model year, and the prior 2 model years if vehicle under 30,000 miles. Based on borrowing $10,000 for 48 months.
As Low As; Rates as of 10/12/26; Specialty vehicles include RV's, Travel Trailers, 5th Wheels, Motor Homes, Boats, ATV's, UTV's, and other recreational merchandise; Increase rate by 0.50% without Loyalty Points; Used specialty vehicles 10 model years or older priced at personal loan rate with max 75% LTV; Minimum amount financed requirements for terms over 60 months; Loan rate not to exceed 18% APR; Floor of 3.49% APR
As Low As; Standard APR column; Rates as of 10/12/26; Loan rate not to exceed 18% APR; Floor of 3.49% APR
Model Year: 2022-2024
As Low As; Auto loan; Maximum term 36 months
As Low As; Auto loan; Maximum term 48 months
As Low As; Auto loan; Maximum term 60 months
As Low As; Model Year: 2026-2024
- Sep 29, 20264.80%▼ from 5.35%
- Sep 18, 20265.35%first recorded
Interest Rate / Annual Percentage Rate (APR) as of 9/1/26; subject to change. Rates based on credit performance, age of vehicle, and terms of the loan. All loans subject to approval. Additional fees may apply. Auto loan example: assume you will borrow $25,000 with $50 documentation preparation fee; the loan amount will be $25,050. The calculated APR on a 60 month loan, with a minimum credit score of 739 and an interest rate of 4.73%, would be 4.81.
- Sep 18, 20264.81%▲ from 4.73%
- Sep 14, 20264.73%first recorded
As Low As; Loan Term
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20264.85%▲ from 3.80%
- Sep 17, 20263.80%first recorded
Model Year: New Auto 2025 & Newer
As Low As; APR up to 16.49%; Used Autos 5 Years Old and Older
Model Year: 2025-2026
Term: 48 months - 60 months; Published APR range: 4.94%-10.19%. Annual Percentage Rates (APR) shown are the lowest rates WRFCU offers. The rate you receive will be based on your personal credit profile, the loan type and the term of the loan. WRFCU will finance up to 100% on new model year vehicles of the purchase price plus dealer costs. WRFCU uses Kelly Blue Book (KBB) Values to determine value of used vehicles. WRFCU will finance up to 100% KBB Value on used vehicles. Terms of 72 and 84 Months require a minimum loan of $20,000.
Term: 48 months - 84 months; Published APR range: 4.94%-10.69%. Annual Percentage Rates (APR) shown are the lowest rates WRFCU offers. The rate you receive will be based on your personal credit profile, the loan type and the term of the loan. WRFCU will finance up to 100% on new model year vehicles of the purchase price plus dealer costs. WRFCU uses Kelly Blue Book (KBB) Values to determine value of used vehicles. WRFCU will finance up to 100% KBB Value on used vehicles. Terms of 72 and 84 Months require a minimum loan of $20,000.
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
As Low As
As Low As; Model Year: New/Used 2026-2025; Rates include 0.25% deduction for direct deposit
As Low As; Model Year: 2024 - 2027
As Low As; Model years 2021 - 2019
As Low As; Model years 2025 - 2022
As Low As; Model Year: 2021-2019; Lowest rate offered based on credit score; Payment per $1,000 borrowed: $31.17
As Low As; Model Year: 2023-2027; Effective Date: 10/01/2026
- Oct 5, 20264.99%▲ from 4.49%
- Sep 14, 20264.49%first recorded
As Low As; Model Year: 2026-2023; Application and Approval Required
APR (As low as); Estimated payment per $1000: $17.36
As Low As; NEW Auto Loan Rates
Published APR range: 4.99%-13.94%. Year: 2025 - 2027; Min. Loan Amount: $500
As Low As; ($15,000 or more financed )
Model Year: 2022-2024
Model Year: 2025-2026
Model Year: 2019-2026
As Low As; Minimum Loan Amount is $1,000.00
- Oct 12, 20265.00%▲ from 4.75%
- Sep 16, 20264.75%first recorded
As Low As; Maximum term; New Vehicles 2022 Model Year
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20265.00%▲ from 4.05%
- Sep 17, 20264.05%first recorded
As Low As
As Low As
Model Year: 2023 - Newer; Credit Score Tier: B (600-699)
- Sep 18, 20265.00%▼ from 9.74%
- Sep 17, 20269.74%▲ from 7.99%
- Sep 14, 20267.99%first recorded
As Low As; Model Year: 2023-2022
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
Credit Score: D 549 - below; 80% Financing, 20% down required; Includes recreational vehicle loans
- Sep 18, 20265.00%▲ 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
Credit Score: B 640-699; 80% Financing, 20% down required; Call us before you make a car deal
Credit Score: C 550-639; 80% Financing, 20% down required; Call us before you make a car deal
As Low As; Rates posted based on excellent credit and having three qualifying services
As Low As*
As Low As*
Term: 72 months up to 84 months; As Low As
Vehicle: New; Additional qualifications may apply
As Low As*
As Low As*
Model Year: 2022-2024
Term: 36 months & 48 months; Model Year: 2020-2021
Published APR range: 5.19%-14.09%. Year: 2025 - 2027; Min. Loan Amount: $500
Model Year: 2020-2021
As Low As; Model Year: 2026-2024; Amount: Over $20,000
- Sep 29, 20265.20%▼ from 5.45%
- Sep 18, 20265.45%first recorded
As Low As; Model Year: 2024-2022; Rates include 0.25% deduction for direct deposit
As Low As; Model Year: New/Used 2026-2025; Rates include 0.25% deduction for direct deposit
As Low As; Model Year: New/Used 2026-2025; Rates include 0.25% deduction for direct deposit
As Low As; Model Year: 2020 - 2023
As Low As; Auto loan special; 5 Year Term
Model Year: 2021 - 2022; Credit Score Tier: A (700+)
- Oct 13, 20265.24%▼ from 5.25%
- Sep 14, 20265.25%first recorded
As Low As; Model Year: 2021-2019; Lowest rate offered based on credit score; Payment per $1,000 borrowed: $24.07
As Low As; Model Year: 2021-2019; Lowest rate offered based on credit score; Payment per $1,000 borrowed: $19.75
As Low As
As Low As; APR* (As low as); Estimated payment per $1000: $17.48; APR = Annual percentage rate. Rates may vary.
Model Year: 2019-2026
As Low As; Minimum Loan Amount is $15,000.00
As Low As; Competitive rates start as low as 5.25% APR
$20,000+; As Low As; Model Year: 2026 & Newer; Loan amount $20,000+; Max Term
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: 2020 or Newer**
- Oct 4, 20265.25%▼ from 5.50%
- Oct 2, 20265.50%▲ from 4.55%
- Sep 17, 20264.55%first recorded
As Low As
Model Year: 2023 - Newer; Credit Score Tier: C (500-599)
- Sep 18, 20265.25%▼ from 9.74%
- Sep 17, 20269.74%▲ from 5.24%
- Sep 14, 20265.24%first recorded
As Low As; Model years 2018 & older
As Low As; Rates posted based on excellent credit and having three qualifying services
As Low As; Model Year: 2020 - 2021; Rates based on excellent credit and three qualifying services
Model Year: 2026 - 2021
- Oct 7, 20265.26%▲ from 5.24%
- Sep 15, 20265.24%first recorded
Published APR range: 5.29%-14.09%. Year: 2023 - 2024; Min. Loan Amount: $500
As Low As; ***; New and Used Auto Loans
As Low As
As Low As; ($15,000 or more financed )
As Low As; Rates posted based on excellent credit and having three qualifying services
Model Year: 2026 - 2021
- Oct 7, 20265.33%▲ from 4.99%
- Sep 15, 20264.99%first recorded
As Low As; Collateral: 2019 - 2026; Rate Type: Fixed; Minimum Loan: N/A
As Low As; Beacon Score 750+; Rates rates effective 10/01/2026
As Low As; Loan Term
As Low As; Loan Term; **76-84 month term available for model years 2025 and newer only.
- Oct 10, 20265.34%▲ from 5.14%
- Sep 18, 20265.14%▲ from 4.89%
- Sep 14, 20264.89%first recorded
As Low As; Model Year: 2023-2022
As Low As*
As Low As*
Model Year: New Auto 2025 & Newer
As Low As*
As Low As*
As Low As*
As Low As*
Model Year: 2025-2026
Model Year: 2020-2021
Published APR range: 5.44%-14.19%. Year: 2023 - 2024; Min. Loan Amount: $500
Published APR range: 5.44%-14.94%. Year: 2020 - 2022; Min. Loan Amount: $500
Loan-to-Value: 90%
- Sep 27, 20265.45%▼ from 6.45%
- Sep 24, 20266.45%▲ from 4.20%
- Sep 15, 20264.20%first recorded
As Low As; Model Year: 2023-2022; Amount: Over $20,000
Model Year: 2026 - 2021
- Oct 7, 20265.46%▼ from 5.49%
- Sep 15, 20265.49%first recorded
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.49%▲ from 5.39%
- Sep 18, 20265.39%first recorded
Year: 2023-2027; Add 2.0% for all Sports Utility Units (non-auto). The term in months may vary from that shown above based on the applicant's credit profile, or the type, mileage, and condition of the vehicle.
Additional APR listed for this product: 5.74%, 6.24%. As Low As; Model Year: 2020 through 2022
As Low As; Model Years: 2023 through 2026
As Low As; Model Year: 2021-2019; Rates include 0.25% deduction for direct deposit
As Low As; Model Year: 2024-2022; Rates include 0.25% deduction for direct deposit
As Low As; Model Year: 2024-2022; Rates include 0.25% deduction for direct deposit
As Low As; Model Year: New/Used 2026-2025; Rates include 0.25% deduction for direct deposit
As Low As; Model Year: 2020 - 2023
Model Year: 2025-2027 - NEW; Fixed APR; Rates based on representative credit score and LTV; APR disclosed for "A" credit; vehicle is used for any model year if 20,000 or more miles
As Low As; Model Year: 2027-2022; Lowest rate offered based on credit score; Payment per $1,000 borrowed: $14.95
As Low As
Indiana New Auto Auto Loan Rates
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
Special!
Special!
Special!
Special!
Credit Score: A 700-above; 80% Financing, 20% down required; Includes recreational vehicle loans
As Low As; Auto loan special; 5 Year Term
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
Vehicle: New; Additional qualifications may apply
Vehicle: New; Additional qualifications may apply
Vehicle: New; Additional qualifications may apply
Vehicle: Used 2023 & Newer; Additional qualifications may apply
Term: 48 months - 84 months; Published APR range: 3.99%-9.74%. Annual Percentage Rates (APR) shown are the lowest rates WRFCU offers. The rate you receive will be based on your personal credit profile, the loan type and the term of the loan. WRFCU will finance up to 100% on new model year vehicles of the purchase price plus dealer costs. WRFCU uses Kelly Blue Book (KBB) Values to determine value of used vehicles. WRFCU will finance up to 100% KBB Value on used vehicles. Terms of 72 and 84 Months require a minimum loan of $20,000.
As Low As; NEW Auto Loan Rates
- Oct 5, 20263.99%▼ from 4.40%
- Sep 14, 20264.40%first recorded
Model Year: New Auto 2025 & Newer
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
Model Year: New Auto 2025 & Newer
Vehicle: New; Additional qualifications may apply
As Low As
As Low As; Maximum Term: 72 months
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
As Low As; Model Year: 2022 & Newer; Vehicle Loan
As Low As; Model Year: 2022 & Newer; Vehicle Loan
As Low As; Model Year: 2022 & Newer; Vehicle Loan
Vehicle: Used 2023 & Newer; Additional qualifications may apply
As Low As; Rates as of 10/12/26; Specialty vehicles include RV's, Travel Trailers, 5th Wheels, Motor Homes, Boats, ATV's, UTV's, and other recreational merchandise; Increase rate by 0.50% without Loyalty Points; Used specialty vehicles 10 model years or older priced at personal loan rate with max 75% LTV; Minimum amount financed requirements for terms over 60 months; Loan rate not to exceed 18% APR; Floor of 3.49% APR
As Low As; Standard APR column; Rates as of 10/12/26; Loan rate not to exceed 18% APR; Floor of 3.49% APR
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
As Low As; APR up to 15.49%; 4 Years Old and Newer
As Low As; Promotional rate valid October 1 - October 31, 2026 on 2024 model year and newer; New and used vehicles; Rates effective 10/01/2026
Model Year: New Auto 2025 & Newer
Term: 36 months & 48 months; Model Year: 2025-2026
As Low As; Effective Date: 04/01/2026; Preferred Rate Program: 0.25% reduction per service for members with an active checking account, credit card or online banking
As Low As; Effective Date: 04/01/2026; Preferred Rate Program: 0.25% reduction per service for members with an active checking account, credit card or online banking
As Low As; Effective Date: 04/01/2026; Preferred Rate Program: 0.25% reduction per service for members with an active checking account, credit card or online banking
As Low As; Effective Date: 04/01/2026; Preferred Rate Program: 0.25% reduction per service for members with an active checking account, credit card or online banking
As Low As; APR up to 16.49%; 4 Years Old and Newer
As Low As; Model Year: 2023-2027; Effective Date: 10/01/2026
- Oct 5, 20264.49%▲ from 3.99%
- Sep 14, 20263.99%first recorded
APR (As low as); Estimated payment per $1000: $22.80
Model Year: 2025-2026
As Low As
As Low As
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
As Low As; Rates as of 10/12/26; Specialty vehicles include RV's, Travel Trailers, 5th Wheels, Motor Homes, Boats, ATV's, UTV's, and other recreational merchandise; Increase rate by 0.50% without Loyalty Points; Used specialty vehicles 10 model years or older priced at personal loan rate with max 75% LTV; Minimum amount financed requirements for terms over 60 months; Loan rate not to exceed 18% APR; Floor of 3.49% APR
As Low As; Standard APR column; Rates as of 10/12/26; Loan rate not to exceed 18% APR; Floor of 3.49% APR
Model Year: 2025-2026
Term: 36 months & 48 months; Model Year: 2022-2024
As Low As; Model Year: 2024 - 2027
As Low As; Model Year: 2023-2027; Effective Date: 10/01/2026
- Oct 5, 20264.74%▲ from 4.24%
- Sep 14, 20264.24%first recorded
As Low As; Minimum Loan Amount is $1,000.00
As Low As
As Low As; Model Year: 2022 & Newer; Vehicle Loan
New Auto is consider current and next model year, and the prior 2 model years if vehicle under 30,000 miles. Based on borrowing $10,000 for 48 months.
As Low As; Rates as of 10/12/26; Specialty vehicles include RV's, Travel Trailers, 5th Wheels, Motor Homes, Boats, ATV's, UTV's, and other recreational merchandise; Increase rate by 0.50% without Loyalty Points; Used specialty vehicles 10 model years or older priced at personal loan rate with max 75% LTV; Minimum amount financed requirements for terms over 60 months; Loan rate not to exceed 18% APR; Floor of 3.49% APR
As Low As; Standard APR column; Rates as of 10/12/26; Loan rate not to exceed 18% APR; Floor of 3.49% APR
Model Year: 2022-2024
As Low As; Auto loan; Maximum term 36 months
As Low As; Auto loan; Maximum term 48 months
As Low As; Auto loan; Maximum term 60 months
Interest Rate / Annual Percentage Rate (APR) as of 9/1/26; subject to change. Rates based on credit performance, age of vehicle, and terms of the loan. All loans subject to approval. Additional fees may apply. Auto loan example: assume you will borrow $25,000 with $50 documentation preparation fee; the loan amount will be $25,050. The calculated APR on a 60 month loan, with a minimum credit score of 739 and an interest rate of 4.73%, would be 4.81.
- Sep 18, 20264.81%▲ from 4.73%
- Sep 14, 20264.73%first recorded
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20264.85%▲ from 3.80%
- Sep 17, 20263.80%first recorded
Model Year: New Auto 2025 & Newer
Model Year: 2025-2026
As Low As; Model Year: New/Used 2026-2025; Rates include 0.25% deduction for direct deposit
As Low As; Model Year: 2024 - 2027
As Low As; Model Year: 2023-2027; Effective Date: 10/01/2026
- Oct 5, 20264.99%▲ from 4.49%
- Sep 14, 20264.49%first recorded
APR (As low as); Estimated payment per $1000: $17.36
As Low As; NEW Auto Loan Rates
As Low As; ($15,000 or more financed )
Model Year: 2022-2024
Model Year: 2025-2026
As Low As; Maximum term; New Vehicles 2022 Model Year
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20265.00%▲ from 4.05%
- Sep 17, 20264.05%first recorded
As Low As
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
Credit Score: D 549 - below; 80% Financing, 20% down required; Includes recreational vehicle loans
- Sep 18, 20265.00%▲ from 3.50%
- Sep 14, 20263.50%first recorded
As Low As*
As Low As*
Term: 72 months up to 84 months; As Low As
Vehicle: New; Additional qualifications may apply
As Low As*
As Low As*
Model Year: 2022-2024
Term: 36 months & 48 months; Model Year: 2020-2021
Model Year: 2020-2021
As Low As; Model Year: New/Used 2026-2025; Rates include 0.25% deduction for direct deposit
As Low As; Model Year: New/Used 2026-2025; Rates include 0.25% deduction for direct deposit
As Low As; Minimum Loan Amount is $15,000.00
$20,000+; As Low As; Model Year: 2026 & Newer; Loan amount $20,000+; Max Term
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: 2020 or Newer**
- Oct 4, 20265.25%▼ from 5.50%
- Oct 2, 20265.50%▲ from 4.55%
- Sep 17, 20264.55%first recorded
As Low As
As Low As; ***; New and Used Auto Loans
As Low As; ($15,000 or more financed )
As Low As; Beacon Score 750+; Rates rates effective 10/01/2026
As Low As; Loan Term; **76-84 month term available for model years 2025 and newer only.
- Oct 10, 20265.34%▲ from 5.14%
- Sep 18, 20265.14%▲ from 4.89%
- Sep 14, 20264.89%first recorded
As Low As*
As Low As*
Model Year: New Auto 2025 & Newer
As Low As*
As Low As*
As Low As*
As Low As*
Model Year: 2025-2026
Model Year: 2020-2021
Loan-to-Value: 90%
- Sep 27, 20265.45%▼ from 6.45%
- Sep 24, 20266.45%▲ from 4.20%
- Sep 15, 20264.20%first recorded
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.49%▲ from 5.39%
- Sep 18, 20265.39%first recorded
As Low As; Model Year: New/Used 2026-2025; Rates include 0.25% deduction for direct deposit
Indiana Used Auto Auto Loan Rates
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
Vehicle: Used 2023 & Newer; Additional qualifications may apply
Term: 48 months - 84 months; Published APR range: 3.99%-9.74%. Annual Percentage Rates (APR) shown are the lowest rates WRFCU offers. The rate you receive will be based on your personal credit profile, the loan type and the term of the loan. WRFCU will finance up to 100% on new model year vehicles of the purchase price plus dealer costs. WRFCU uses Kelly Blue Book (KBB) Values to determine value of used vehicles. WRFCU will finance up to 100% KBB Value on used vehicles. Terms of 72 and 84 Months require a minimum loan of $20,000.
As Low As; USED Auto Loan Rates
- Oct 5, 20263.99%▼ from 4.99%
- Sep 14, 20264.99%first recorded
Credit Score: A 700-above; 80% Financing, 20% down required; Call us before you make a car deal
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
As Low As; Model Year: 2022 & Newer; Vehicle Loan
As Low As; Model Year: 2022 & Newer; Vehicle Loan
As Low As; Model Year: 2022 & Newer; Vehicle Loan
As Low As; Model Year: 2020 - 2021; Rates based on excellent credit and three qualifying services
Vehicle: Used 2023 & Newer; Additional qualifications may apply
As Low As; Rates as of 10/12/26; Specialty vehicles include RV's, Travel Trailers, 5th Wheels, Motor Homes, Boats, ATV's, UTV's, and other recreational merchandise; Increase rate by 0.50% without Loyalty Points; Used specialty vehicles 10 model years or older priced at personal loan rate with max 75% LTV; Minimum amount financed requirements for terms over 60 months; Loan rate not to exceed 18% APR; Floor of 3.49% APR
As Low As; Standard APR column; Rates as of 10/12/26; Loan rate not to exceed 18% APR; Floor of 3.49% APR
As Low As; Promotional rate valid October 1 - October 31, 2026 on 2024 model year and newer; New and used vehicles; Rates effective 10/01/2026
Term: 36 months & 48 months; Model Year: 2025-2026
As Low As; Effective Date: 04/01/2026; Preferred Rate Program: 0.25% reduction per service for members with an active checking account, credit card or online banking
As Low As; Effective Date: 04/01/2026; Preferred Rate Program: 0.25% reduction per service for members with an active checking account, credit card or online banking
- Oct 5, 20264.45%▼ from 4.55%
- Sep 14, 20264.55%first recorded
As Low As; Model Year: 2023-2027; Effective Date: 10/01/2026
- Oct 5, 20264.49%▲ from 3.99%
- Sep 14, 20263.99%first recorded
Model Year: 2025-2026
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
As Low As; Model Year: 2020 - 2021; Rates based on excellent credit and three qualifying services
As Low As; Model Year: 2020 - 2021; Rates based on excellent credit and three qualifying services
As Low As; Rates as of 10/12/26; Specialty vehicles include RV's, Travel Trailers, 5th Wheels, Motor Homes, Boats, ATV's, UTV's, and other recreational merchandise; Increase rate by 0.50% without Loyalty Points; Used specialty vehicles 10 model years or older priced at personal loan rate with max 75% LTV; Minimum amount financed requirements for terms over 60 months; Loan rate not to exceed 18% APR; Floor of 3.49% APR
As Low As; Standard APR column; Rates as of 10/12/26; Loan rate not to exceed 18% APR; Floor of 3.49% APR
Model Year: 2025-2026
Term: 36 months & 48 months; Model Year: 2022-2024
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
As Low As; Model Year: 2023-2027; Effective Date: 10/01/2026
- Oct 5, 20264.74%▲ from 4.24%
- Sep 14, 20264.24%first recorded
As Low As; Minimum Loan Amount is $1,000.00
As Low As; Model Year: 2022 & Newer; Vehicle Loan
As Low As; Rates as of 10/12/26; Specialty vehicles include RV's, Travel Trailers, 5th Wheels, Motor Homes, Boats, ATV's, UTV's, and other recreational merchandise; Increase rate by 0.50% without Loyalty Points; Used specialty vehicles 10 model years or older priced at personal loan rate with max 75% LTV; Minimum amount financed requirements for terms over 60 months; Loan rate not to exceed 18% APR; Floor of 3.49% APR
As Low As; Standard APR column; Rates as of 10/12/26; Loan rate not to exceed 18% APR; Floor of 3.49% APR
Model Year: 2022-2024
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20264.85%▲ from 3.80%
- Sep 17, 20263.80%first recorded
As Low As; APR up to 16.49%; Used Autos 5 Years Old and Older
Model Year: 2025-2026
Term: 48 months - 60 months; Published APR range: 4.94%-10.19%. Annual Percentage Rates (APR) shown are the lowest rates WRFCU offers. The rate you receive will be based on your personal credit profile, the loan type and the term of the loan. WRFCU will finance up to 100% on new model year vehicles of the purchase price plus dealer costs. WRFCU uses Kelly Blue Book (KBB) Values to determine value of used vehicles. WRFCU will finance up to 100% KBB Value on used vehicles. Terms of 72 and 84 Months require a minimum loan of $20,000.
Term: 48 months - 84 months; Published APR range: 4.94%-10.69%. Annual Percentage Rates (APR) shown are the lowest rates WRFCU offers. The rate you receive will be based on your personal credit profile, the loan type and the term of the loan. WRFCU will finance up to 100% on new model year vehicles of the purchase price plus dealer costs. WRFCU uses Kelly Blue Book (KBB) Values to determine value of used vehicles. WRFCU will finance up to 100% KBB Value on used vehicles. Terms of 72 and 84 Months require a minimum loan of $20,000.
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
As Low As; Model Year: New/Used 2026-2025; Rates include 0.25% deduction for direct deposit
As Low As; Model years 2021 - 2019
As Low As; Model years 2025 - 2022
As Low As; Model Year: 2023-2027; Effective Date: 10/01/2026
- Oct 5, 20264.99%▲ from 4.49%
- Sep 14, 20264.49%first recorded
Model Year: 2022-2024
Model Year: 2019-2026
As Low As; Minimum Loan Amount is $1,000.00
- Oct 12, 20265.00%▲ from 4.75%
- Sep 16, 20264.75%first recorded
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20265.00%▲ from 4.05%
- Sep 17, 20264.05%first recorded
As Low As
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
Credit Score: C 550-639; 80% Financing, 20% down required; Call us before you make a car deal
As Low As; Rates posted based on excellent credit and having three qualifying services
As Low As*
As Low As*
Model Year: 2022-2024
Term: 36 months & 48 months; Model Year: 2020-2021
Model Year: 2020-2021
As Low As; Model Year: New/Used 2026-2025; Rates include 0.25% deduction for direct deposit
As Low As; Model Year: New/Used 2026-2025; Rates include 0.25% deduction for direct deposit
As Low As; Model Year: 2020 - 2023
As Low As; APR* (As low as); Estimated payment per $1000: $17.48; APR = Annual percentage rate. Rates may vary.
Model Year: 2019-2026
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: 2020 or Newer**
- Oct 4, 20265.25%▼ from 5.50%
- Oct 2, 20265.50%▲ from 4.55%
- Sep 17, 20264.55%first recorded
As Low As; Model years 2018 & older
As Low As; Rates posted based on excellent credit and having three qualifying services
As Low As; Model Year: 2020 - 2021; Rates based on excellent credit and three qualifying services
Model Year: 2026 - 2021
- Oct 7, 20265.26%▲ from 5.24%
- Sep 15, 20265.24%first recorded
As Low As; ***; New and Used Auto Loans
As Low As; Rates posted based on excellent credit and having three qualifying services
Model Year: 2026 - 2021
- Oct 7, 20265.33%▲ from 4.99%
- Sep 15, 20264.99%first recorded
As Low As*
As Low As*
As Low As*
Model Year: 2025-2026
Model Year: 2020-2021
Model Year: 2026 - 2021
- Oct 7, 20265.46%▼ from 5.49%
- Sep 15, 20265.49%first recorded
As Low As; Model Year: New/Used 2026-2025; Rates include 0.25% deduction for direct deposit
As Low As; Model Year: 2020 - 2023
Indiana Auto Loan Rate Trends
Compare local Indiana 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.
Indiana new auto rates fell 0.104 points over the past 7 days to 5.208% APR.
Indiana used auto rates fell 0.137 points over the past 7 days to 6.177% APR.
Indiana 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 Indiana 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 Indiana 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 @ 5.21% APR IN average | Used Auto @ 6.18% APR IN average | Monthly Difference |
|---|---|---|---|
| $15,000 | $284.50/mo | $291.23/mo | $6.72/mo |
| $25,000 | $474.17/mo | $485.38/mo | $11.21/mo |
| $35,000 | $663.84/mo | $679.53/mo | $15.69/mo |
| $45,000 | $853.50/mo | $873.68/mo | $20.17/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 Indiana
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Indiana 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 Indiana. 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 Indiana 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: Indiana CD rates lock in a guaranteed return until you’re ready to buy
Indiana Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $569 monthly car payment works out to roughly 15.8% of the median individual income in Indiana. 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 Indiana, 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 Indiana. We’ve prefilled the APR with today’s IN 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 Indiana 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 Indiana 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 Indiana. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in IN.
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 Indiana
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 Indiana
How does my credit score affect my car loan rate in Indiana?
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 Indiana?
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 Indiana?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Indiana?
- United Federal Credit Union: 2.99% (Fixed Rate New & Used Auto Loans)
- Central Soya Federal Credit Union: 3.49% (New Vehicle Loan)
- Chicagos Bravest Credit Union: 3.50% (New Vehicle Loan)
- Clifty Creek Employees Federal Credit Union: 3.75% (Auto - 2023 - Newer Vehicle)
- Baxter Credit Union: 3.84% (Auto Loans - 2025 & Newer)
Indiana Rates & Resources
Auto Loan Rates by City in Indiana
