Waterford, Maine Best Auto Loan Rates - October 2026
Brian McKay
Brian McKay
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Waterford, Maine auto loan rates from lenders serving Maine range from 3.59% to 6.50% APR, verified by MonitorBankRates as of October 23, 2026. Current auto loan rates in Waterford, Maine include Saco Valley Credit UnionSaco Valley Credit UnionA+5.0 ★Texas Ratio: 2.64%Rate verified Oct 19, 2026 offering Titled Vehicle Loan at 3.59%, Coast Line Credit UnionCoast Line Credit UnionA+5.0 ★Texas Ratio: 0.47%Rate verified Oct 19, 2026 offering Auto Loan at 3.95%, Atlantic Regional Federal Credit UnionAtlantic Regional Federal Credit UnionA+5.0 ★Texas Ratio: 3.78%Rate verified Oct 23, 2026 offering New/Used Automobiles at 3.99%, Katahdin Federal Credit UnionKatahdin Federal Credit UnionA+5.0 ★Texas Ratio: 4.02%Rate verified Oct 23, 2026 offering New Vehicle Loan at 3.99%, Evergreen Credit Union Portland, MEEvergreen Credit Union Portland, MEA5.0 ★Texas Ratio: 9.45%Rate verified Oct 19, 2026 offering Vehicle Loan - Up to 24 months at 3.99%. Auto loan rates as of October 23, 2026 according to verified data from MonitorBankRates.
Waterford borrowers have access to 35 lenders serving the Maine area, with auto loan rates as low as 3.59% APR from Saco Valley 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 Waterford, Maine. Auto Loan Rates Last Updated and Verified: October 23, 2026
Compare Auto Loan Rates Today in Waterford, Maine & Surrounding Area
Waterford Auto Loan Rates
As Low As; Minimum loan amount $1,000; Applies to titled items including autos, motorcycles over 300 cc, light-duty trucks, motor homes, and trailers over 3,000 lbs; Rates effective 10/10/2025
As Low As; Model Year: 2023 and Newer
- Sep 18, 20263.95%▼ from 6.25%
- Sep 14, 20266.25%first recorded
As Low As; Model Year: 2023 and Newer
- Sep 18, 20263.95%▼ from 5.95%
- Sep 14, 20265.95%first recorded
As Low As; Model Year: 2023 and Newer
As Low As; Model Year: 2023 and Newer
As Low As; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As; Model Year 2022 and Newer
As Low As; Loan-to-Value: Up to 110% financing; Rates reflect relationship loan discount pricing; Not all applicants will qualify for the lowest rate.
As Low As; Collateral Year: 2022-2026
As Low As; Minimum loan amount $3,000; Applies to titled items including autos, motorcycles over 300 cc, light-duty trucks, motor homes, and trailers over 3,000 lbs; Rates effective 10/10/2025
As Low As; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20264.24%▲ from 3.99%
- Sep 30, 20263.99%first recorded
As Low As; Rate reflects .25% discount for relationship pricing
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $29.64; Terms may vary, subject to qualification
As Low As; Stated rate applies to 37-60 month term for loans secured by non-commercial passenger vehicles including Autos and Light Duty Trucks, both NEW and USED up to 7 model years old; Minimum loan amount $3,000; Effective date September 1, 2026
As Low As; Down payment required:; Effective As of 10/09/2026
As Low As; Loan-to-Value: Up to 110% financing; Rates reflect relationship loan discount pricing; Not all applicants will qualify for the lowest rate.
As Low As; Vehicle age: less than 3 years old; No minimum
As Low As; No minimum; Apply online
As Low As; Collateral Year: 2022-2026
As Low As; Model years (22-26); Vehicles 2021 or older: contact a consumer loan officer; APR varies depending on credit history and score
- Oct 15, 20264.49%▲ from 4.24%
- Sep 25, 20264.24%▲ from 4.14%
- Sep 16, 20264.14%first recorded
As Low As; Model years (22-26); Vehicles 2021 or older: contact a consumer loan officer; APR varies depending on credit history and score
- Oct 15, 20264.49%▲ from 4.24%
- Sep 25, 20264.24%▲ from 4.14%
- Sep 16, 20264.14%first recorded
As Low As; Model years (22-26); Vehicles 2021 or older: contact a consumer loan officer; APR varies depending on credit history and score
- Oct 15, 20264.49%▲ from 4.24%
- Sep 25, 20264.24%▲ from 4.14%
- Sep 16, 20264.14%first recorded
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20264.49%▲ from 4.24%
- Sep 30, 20264.24%first recorded
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20264.49%▲ from 4.24%
- Sep 30, 20264.24%first recorded
As Low As; Rate reflects .25% discount for relationship pricing
As Low As; Minimum Loan Amount: $1,000; Monthly Payment per $1000: $85.38; Interest rates apply to titled non-commercial passenger vehicles (new and used, up to 10 model years old) and non-titled recreation boats up to 10 model years old; APR accurate as of June 1, 2026
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $22.81; Terms may vary, subject to qualification
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $18.65; Terms may vary, subject to qualification
As Low As; Vehicle Loans - Used; APR varies by risk-based FICO credit score tier
- Oct 9, 20264.49%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As; Model Year: 2025 or newer; APR based on risk-based FICO credit score tiers (A+ 740+, A 700-739, B 650-699, C 600-649, D 600 and below)
As Low As; Down payment required:; Effective As of 10/09/2026
As Low As; Loan-to-Value: Up to 110% financing; Rates reflect relationship loan discount pricing; Not all applicants will qualify for the lowest rate.
As Low As; Model Year 2022 and Newer
As Low As; Model Year 2022 and Newer
As Low As; Collateral Year: 2022-2026
As Low As; Vehicle age: less than 3 years old; No minimum
As Low As; No minimum; Apply online
As Low As; Model Year: 2026-2021; New; Add 0.25% to rate if NOT paid via payroll deduction; Minimum financing of $15,000 required for vehicle loans over 60 months; $40 collateral insurance fee
As Low As; APR* as low as; 2021 & Newer vehicles
As Low As; Promotional rate advertised on homepage; financing available before dealership shopping; additional discounts may apply
As Low As; Minimum loan amount $7,500; Applies to titled items including autos, motorcycles over 300 cc, light-duty trucks, motor homes, and trailers over 3,000 lbs; Rates effective 10/10/2025
As Low As; Rates effective 5/21/2026
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20264.60%▲ from 4.25%
- Sep 17, 20264.25%first recorded
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20264.60%▲ from 4.25%
- Sep 17, 20264.25%first recorded
As Low As; Model years (22-26); Vehicles 2021 or older: contact a consumer loan officer; APR varies depending on credit history and score
- Oct 15, 20264.69%▲ from 4.49%
- Sep 25, 20264.49%▲ from 4.39%
- Sep 16, 20264.39%first recorded
As Low As; Model Year: 2023 and Newer
As Low As; Model Year: 2023 and Newer
As Low As; Rates effective 5/21/2026
As Low As; Model Year 2022 and Newer
As Low As; Collateral Year: 2022-2026
As Low As; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As; Rate reflects .25% discount for relationship pricing
As Low As; Approximate loan payment $187.52 per $10,000 borrowed; APR examples only, terms and conditions vary by amount borrowed, creditworthiness, year and automobile
- Oct 9, 20264.74%▲ from 4.49%
- Sep 14, 20264.49%first recorded
As Low As; Model Year: 2025 or newer; APR based on risk-based FICO credit score tiers (A+ 740+, A 700-739, B 650-699, C 600-649, D 600 and below)
As Low As; Down payment required:; Effective As of 10/09/2026
- Oct 19, 20264.74%▲ from 4.69%
- Oct 13, 20264.69%▼ from 4.74%
- Oct 9, 20264.74%▲ from 4.69%
- Sep 14, 20264.69%first recorded
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20264.74%▲ from 4.49%
- Sep 18, 20264.49%first recorded
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20264.74%▲ from 4.49%
- Sep 18, 20264.49%first recorded
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20264.74%▲ from 4.49%
- Sep 22, 20264.49%first recorded
As Low As; Loan-to-Value: Up to 110% financing; Rates reflect relationship loan discount pricing; Not all applicants will qualify for the lowest rate.
As Low As; New Autos = 2026 and 2025, or 2024 with less than 10,000 miles
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20264.75%▲ from 4.45%
- Sep 17, 20264.45%first recorded
Model Year: New Auto 2023 - 2026
Description: New
As Low As; Rates effective 5/21/2026
Model Year: New Auto 2023 - 2026
Used: 2022 - 2023; includes All-In Member Pricing discount up to 0.50% APR; Rates for 2021 and older models may be higher; Add 1% to rate when using cash, check or coupons
As Low As; Brand New - Never Titled; Up to 100% of MSRP/JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Brand New - Never Titled; Up to 100% of MSRP/JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Brand New - Never Titled; Up to 100% of MSRP/JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Collateral Year: 2018-2021
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
As Low As; Model years (22-26); Vehicles 2021 or older: contact a consumer loan officer; APR varies depending on credit history and score
- Oct 15, 20264.94%▲ from 4.74%
- Sep 16, 20264.74%first recorded
As Low As; Used Autos = 2015 or Newer
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20264.95%▲ from 4.75%
- Sep 17, 20264.75%first recorded
As Low As; Model Year: 2023 and Newer
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20264.99%▲ from 4.74%
- Sep 30, 20264.74%first recorded
As Low As; Rate reflects .25% discount for relationship pricing
As Low As; Used vehicles must be listed in the NADA used car guide
Model Year: New Auto 2023 - 2026
Payment per $1,000 omitted; Model Year Older Than 2021
As Low As; Model Year: 2025 or newer; APR based on risk-based FICO credit score tiers (A+ 740+, A 700-739, B 650-699, C 600-649, D 600 and below)
As Low As; Down payment required:; Effective As of 10/09/2026
- Oct 19, 20264.99%▲ from 4.84%
- Oct 13, 20264.84%▼ from 4.99%
- Oct 9, 20264.99%▲ from 4.84%
- Sep 14, 20264.84%first recorded
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20264.99%▲ from 4.74%
- Sep 14, 20264.74%first recorded
New Auto/Motorcycle Loans; Model Year 2024 and Newer; New/Refinance; includes All-In Member Pricing discount up to 0.50% APR; Add 1% to rate when using cash, check or coupons
As Low As; Brand New - Never Titled; Up to 100% of MSRP/JD Power; GAP, Warranty and Debt Protection are available!
As Low As
- Oct 23, 20265.00%▼ from 6.00%
- Sep 12, 20266.00%first recorded
As Low As; Vehicle age: less than 3 years old; No minimum
As Low As; No minimum; Apply online
As Low As; Model Year: 2026-2021; New; Add 0.25% to rate if NOT paid via payroll deduction; Minimum financing of $15,000 required for vehicle loans over 60 months; $40 collateral insurance fee
As Low As; Minimum loan amount $10,000; Applies to titled items including autos, motorcycles over 300 cc, light-duty trucks, motor homes, and trailers over 3,000 lbs; Rates effective 10/10/2025
Model Year: New Auto 2023 - 2026
As Low As; Rates effective 5/21/2026
As Low As; Loan to Value: Up To 125%
- Oct 15, 20265.14%▲ from 4.89%
- Sep 14, 20264.89%first recorded
Used: 2022 - 2023; includes All-In Member Pricing discount up to 0.50% APR; Rates for 2021 and older models may be higher; Add 1% to rate when using cash, check or coupons
As Low As; New Autos = 2026 and 2025, or 2024 with less than 10,000 miles
As Low As; Collateral Year: 2018-2021
As Low As; Loan to Value: Up To 125%
- Oct 15, 20265.19%▲ from 4.94%
- Sep 14, 20264.94%first recorded
As Low As; 60-month auto loan options; as of Oct. 19, 2026; excludes BofA Rewards discount up to 0.50%; advertised APR assumes excellent credit history
- Oct 20, 20265.24%▼ from 5.49%
- Sep 27, 20265.49%▲ from 5.39%
- Sep 18, 20265.39%first recorded
As Low As; Rate reflects .25% discount for relationship pricing
As Low As; Minimum Loan Amount: $2,000; Monthly Payment per $1000: $43.98; Interest rates apply to titled non-commercial passenger vehicles (new and used, up to 10 model years old) and non-titled recreation boats up to 10 model years old; APR accurate as of June 1, 2026
As Low As; Minimum Loan Amount: $3,000; Monthly Payment per $1000: $30.08; Interest rates apply to titled non-commercial passenger vehicles (new and used, up to 10 model years old) and non-titled recreation boats up to 10 model years old; APR accurate as of June 1, 2026
As Low As; Vehicle Loans - Used; APR varies by risk-based FICO credit score tier
- Oct 9, 20265.24%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Model Year: 2025 or newer; APR based on risk-based FICO credit score tiers (A+ 740+, A 700-739, B 650-699, C 600-649, D 600 and below)
As Low As; Down payment required:; Effective As of 10/09/2026
- Oct 19, 20265.24%▲ from 5.15%
- Oct 13, 20265.15%▼ from 5.24%
- Oct 9, 20265.24%▲ from 5.15%
- Sep 14, 20265.15%first recorded
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20265.24%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20265.25%▲ from 5.00%
- Sep 17, 20265.00%first recorded
As Low As
- Oct 23, 20265.25%▼ from 6.25%
- Sep 12, 20266.25%first recorded
As Low As; Used vehicles must be listed in the NADA used car guide
As Low As; Membership eligibility required; $5 one-time membership fee for new members
Model Year Older Than 2021
As Low As; APR* as low as; 2021 & Newer vehicles
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
Description: New
Model Years: Up to 4 model-years old
As Low As; Used Autos = 2015 or Newer
As Low As; Rates effective 5/21/2026
As Low As; Rates effective 5/21/2026
Model Year: Auto 2020 - 2022
As Low As; Collateral Year: 2018-2021
As Low As; 60-month auto loan options; as of Oct. 19, 2026; excludes BofA Rewards discount up to 0.50%; advertised APR assumes excellent credit history
- Oct 20, 20265.44%▼ from 5.69%
- Sep 27, 20265.69%▲ from 5.59%
- Sep 18, 20265.59%first recorded
As Low As; Rate reflects .25% discount for relationship pricing
Model Year: Auto 2020 - 2022
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $16.34; Terms may vary, subject to qualification
As Low As; Vehicle Loans - Used; APR varies by risk-based FICO credit score tier
- Oct 9, 20265.49%▲ from 5.24%
- Sep 14, 20265.24%first recorded
Payment Saver; Model Year 2024 and Newer; autos two years old or newer; Add 1% to rate when using cash, check or coupons
As Low As
- Oct 23, 20265.50%▼ from 6.50%
- Sep 12, 20266.50%first recorded
As Low As; Model Year 2022 and Newer; Over $25,000 only
As Low As; Used vehicles must be listed in the NADA used car guide
As Low As; Collateral Year: 2022-2026; Loan amount >25K
As Low As; Membership eligibility required; $5 one-time membership fee for new members
Model Year Older Than 2021
As Low As; Model Year: 2016
- Sep 18, 20265.50%▼ from 6.25%
- Sep 14, 20266.25%first recorded
As Low As; Model Year: 2016
- Sep 18, 20265.50%▼ from 5.95%
- Sep 14, 20265.95%first recorded
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
Model Year: Auto 2020 - 2022
As Low As; Minimum loan amount: $1,000; Collateral: motorcycles under 300cc, boats, personal watercraft, snowmobiles, ATVs, trailers under 3,000 lbs, other chattel (UCC)
As Low As; Rates effective 5/21/2026
As Low As; New Autos = 2026 and 2025, or 2024 with less than 10,000 miles; Secured loans 72-83 months require a loan amount minimum of $15k
Available on model years 2025, 2024, 2023, 2022, and 2021; rates based on creditworthiness; rate discounts cannot cause the rate to fall below the 5.70% APR minimum
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Rate reflects .25% discount for relationship pricing
As Low As; Minimum Loan Amount: $5,000; Monthly Payment per $1000: $23.37; Interest rates apply to titled non-commercial passenger vehicles (new and used, up to 10 model years old) and non-titled recreation boats up to 10 model years old; APR accurate as of June 1, 2026
As Low As; Minimum Loan Amount: $7,500; Monthly Payment per $1000: $19.22; Interest rates apply to titled non-commercial passenger vehicles (new and used, up to 10 model years old) and non-titled recreation boats up to 10 model years old; APR accurate as of June 1, 2026
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $14.49; Terms may vary, subject to qualification
As Low As; Vehicle Loans - Used; APR varies by risk-based FICO credit score tier
- Oct 9, 20265.74%▲ from 5.49%
- Sep 14, 20265.49%first recorded
As Low As; Model Year: 2026-2024
- Oct 1, 20265.74%▲ from 5.49%
- Sep 18, 20265.49%▲ from 5.24%
- Sep 14, 20265.24%first recorded
Payment Saver; Model Year 2024 and Newer; autos two years old or newer; Add 1% to rate when using cash, check or coupons
As Low As; Brand New - Never Titled; Up to 100% of MSRP/JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20265.75%▲ from 5.50%
- Sep 17, 20265.50%first recorded
As Low As
- Oct 23, 20265.75%▼ from 6.75%
- Sep 12, 20266.75%first recorded
As Low As; Model Year: 2016
As Low As; Model Year: 2015
- Sep 18, 20265.75%▼ from 6.25%
- Sep 14, 20266.25%first recorded
As Low As; APR* as low as; 2021 & Newer vehicles
Description: Over $30,000
As Low As; Collateral Year: 2018-2021
As Low As; Used Autos = 2015 or Newer; Secured loans 72-83 months require a loan amount minimum of $15k
As Low As; Rates effective 5/21/2026
As Low As; Rates effective 5/21/2026
As Low As; Model years (22-26); Vehicles 2021 or older: contact a consumer loan officer; APR varies depending on credit history and score
- Oct 15, 20265.89%▲ from 5.69%
- Sep 25, 20265.69%▲ from 5.49%
- Sep 16, 20265.49%first recorded
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Model Year: 2015
As Low As; Model Year: 2025 or newer; APR based on risk-based FICO credit score tiers (A+ 740+, A 700-739, B 650-699, C 600-649, D 600 and below)
As Low As; Loan-to-Value: Up to 100% financing; Rates reflect relationship loan discount pricing; Not all applicants will qualify for the lowest rate.
As Low As; Model Year: 2023-2019
- Oct 1, 20265.99%▲ from 5.49%
- Sep 14, 20265.49%first recorded
As Low As; Used vehicles must be listed in the NADA used car guide
Homepage featured loan rate carousel; rate printed without % sign on page
As Low As; Model Year: 2026-2024
- Oct 1, 20266.04%▲ from 5.99%
- Sep 18, 20265.99%▲ from 5.54%
- Sep 14, 20265.54%first recorded
As Low As; Minimum loan amount: $3,000; Collateral: motorcycles under 300cc, boats, personal watercraft, snowmobiles, ATVs, trailers under 3,000 lbs, other chattel (UCC)
Financing amount: $45,000; For online applicants with excellent credit history; Your rate may vary based on credit history, vehicle, financing amount and term
Financing amount: $45,000; Purchase of new car; For online applicants with excellent credit; Last updated 10/1/2026
- 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; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As; Minimum Loan Amount: $12,500; Monthly Payment per $1000: $16.69; Interest rates apply to titled non-commercial passenger vehicles (new and used, up to 10 model years old) and non-titled recreation boats up to 10 model years old; APR accurate as of June 1, 2026
As Low As; Minimum Loan Amount: $25,000; Monthly Payment per $1000: $14.73; Interest rates apply to titled non-commercial passenger vehicles (new and used, up to 10 model years old) and non-titled recreation boats up to 10 model years old; APR accurate as of June 1, 2026
As Low As; Vehicle Loans - Used; APR varies by risk-based FICO credit score tier
- Oct 9, 20266.24%▲ from 5.99%
- Sep 14, 20265.99%first recorded
As Low As; Down payment required:; Effective As of 10/09/2026
- Oct 19, 20266.24%▲ from 6.19%
- Oct 13, 20266.19%▼ from 6.24%
- Oct 9, 20266.24%▲ from 6.19%
- Sep 14, 20266.19%first recorded
As Low As; Loan-to-Value: Up to 100% financing; Payment per $1,000: $44.43; Rates reflect relationship loan discount pricing; Not all applicants will qualify for the lowest rate
As Low As
- Oct 23, 20266.25%▼ from 7.25%
- Sep 12, 20267.25%first recorded
As Low As; Model Year: 2014
As Low As; APR* as low as; 2021 & Newer vehicles
Financing amount: $30,000; For online applicants with excellent credit history; Your rate may vary based on credit history, vehicle, financing amount and term
Financing amount: $30,000; Purchase of used car; For online applicants with excellent credit; Last updated 10/1/2026
- 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
Model Years: Up to 4 model-years old
As Low As; Rates effective 5/21/2026
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20266.49%▲ from 6.24%
- Sep 30, 20266.24%first recorded
As Low As; Loan-to-Value: Up to 100% financing; Payment per $1,000: $30.64; Rates reflect relationship loan discount pricing; Not all applicants will qualify for the lowest rate
As Low As; Loan-to-Value: Up to 100% financing; Payment per $1,000: $23.71; Rates reflect relationship loan discount pricing; Not all applicants will qualify for the lowest rate
As Low As; Model Year: 2023-2019
- Oct 1, 20266.49%▲ from 5.99%
- Sep 14, 20265.99%first recorded
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Vehicle age: less than 3 years old; No minimum
As Low As; No minimum; Apply online
Waterford New Auto Auto Loan Rates
As Low As; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As; Model Year 2022 and Newer
As Low As; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20264.24%▲ from 3.99%
- Sep 30, 20263.99%first recorded
As Low As; Rate reflects .25% discount for relationship pricing
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $29.64; Terms may vary, subject to qualification
As Low As; Vehicle age: less than 3 years old; No minimum
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20264.49%▲ from 4.24%
- Sep 30, 20264.24%first recorded
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20264.49%▲ from 4.24%
- Sep 30, 20264.24%first recorded
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $22.81; Terms may vary, subject to qualification
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $18.65; Terms may vary, subject to qualification
As Low As; Model Year: 2025 or newer; APR based on risk-based FICO credit score tiers (A+ 740+, A 700-739, B 650-699, C 600-649, D 600 and below)
As Low As; Model Year 2022 and Newer
As Low As; Model Year 2022 and Newer
As Low As; Vehicle age: less than 3 years old; No minimum
As Low As; APR* as low as; 2021 & Newer vehicles
As Low As; Rates effective 5/21/2026
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20264.60%▲ from 4.25%
- Sep 17, 20264.25%first recorded
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20264.60%▲ from 4.25%
- Sep 17, 20264.25%first recorded
As Low As; Rates effective 5/21/2026
As Low As; Model Year 2022 and Newer
As Low As; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As; Rate reflects .25% discount for relationship pricing
As Low As; Approximate loan payment $187.52 per $10,000 borrowed; APR examples only, terms and conditions vary by amount borrowed, creditworthiness, year and automobile
- Oct 9, 20264.74%▲ from 4.49%
- Sep 14, 20264.49%first recorded
As Low As; Model Year: 2025 or newer; APR based on risk-based FICO credit score tiers (A+ 740+, A 700-739, B 650-699, C 600-649, D 600 and below)
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20264.74%▲ from 4.49%
- Sep 18, 20264.49%first recorded
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20264.74%▲ from 4.49%
- Sep 18, 20264.49%first recorded
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20264.74%▲ from 4.49%
- Sep 22, 20264.49%first recorded
As Low As; New Autos = 2026 and 2025, or 2024 with less than 10,000 miles
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20264.75%▲ from 4.45%
- Sep 17, 20264.45%first recorded
Description: New
As Low As; Rates effective 5/21/2026
As Low As; Brand New - Never Titled; Up to 100% of MSRP/JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Brand New - Never Titled; Up to 100% of MSRP/JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Brand New - Never Titled; Up to 100% of MSRP/JD Power; GAP, Warranty and Debt Protection are available!
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20264.95%▲ from 4.75%
- Sep 17, 20264.75%first recorded
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20264.99%▲ from 4.74%
- Sep 30, 20264.74%first recorded
As Low As; Model Year: 2025 or newer; APR based on risk-based FICO credit score tiers (A+ 740+, A 700-739, B 650-699, C 600-649, D 600 and below)
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20264.99%▲ from 4.74%
- Sep 14, 20264.74%first recorded
New Auto/Motorcycle Loans; Model Year 2024 and Newer; New/Refinance; includes All-In Member Pricing discount up to 0.50% APR; Add 1% to rate when using cash, check or coupons
As Low As; Brand New - Never Titled; Up to 100% of MSRP/JD Power; GAP, Warranty and Debt Protection are available!
As Low As
- Oct 23, 20265.00%▼ from 6.00%
- Sep 12, 20266.00%first recorded
As Low As; Vehicle age: less than 3 years old; No minimum
As Low As; Loan to Value: Up To 125%
- Oct 15, 20265.14%▲ from 4.89%
- Sep 14, 20264.89%first recorded
As Low As; New Autos = 2026 and 2025, or 2024 with less than 10,000 miles
As Low As; 60-month auto loan options; as of Oct. 19, 2026; excludes BofA Rewards discount up to 0.50%; advertised APR assumes excellent credit history
- Oct 20, 20265.24%▼ from 5.49%
- Sep 27, 20265.49%▲ from 5.39%
- Sep 18, 20265.39%first recorded
As Low As; Rate reflects .25% discount for relationship pricing
As Low As; Model Year: 2025 or newer; APR based on risk-based FICO credit score tiers (A+ 740+, A 700-739, B 650-699, C 600-649, D 600 and below)
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20265.24%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20265.25%▲ from 5.00%
- Sep 17, 20265.00%first recorded
As Low As
- Oct 23, 20265.25%▼ from 6.25%
- Sep 12, 20266.25%first recorded
As Low As; Membership eligibility required; $5 one-time membership fee for new members
As Low As; APR* as low as; 2021 & Newer vehicles
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
Description: New
As Low As; Rates effective 5/21/2026
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $16.34; Terms may vary, subject to qualification
As Low As
- Oct 23, 20265.50%▼ from 6.50%
- Sep 12, 20266.50%first recorded
As Low As; Model Year 2022 and Newer; Over $25,000 only
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
As Low As; New Autos = 2026 and 2025, or 2024 with less than 10,000 miles; Secured loans 72-83 months require a loan amount minimum of $15k
As Low As; Rate reflects .25% discount for relationship pricing
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $14.49; Terms may vary, subject to qualification
As Low As; Brand New - Never Titled; Up to 100% of MSRP/JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20265.75%▲ from 5.50%
- Sep 17, 20265.50%first recorded
As Low As
- Oct 23, 20265.75%▼ from 6.75%
- Sep 12, 20266.75%first recorded
As Low As; APR* as low as; 2021 & Newer vehicles
Description: Over $30,000
As Low As; Rates effective 5/21/2026
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Model Year: 2025 or newer; APR based on risk-based FICO credit score tiers (A+ 740+, A 700-739, B 650-699, C 600-649, D 600 and below)
Homepage featured loan rate carousel; rate printed without % sign on page
Financing amount: $45,000; For online applicants with excellent credit history; Your rate may vary based on credit history, vehicle, financing amount and term
Financing amount: $45,000; Purchase of new car; For online applicants with excellent credit; Last updated 10/1/2026
- 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; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As
- Oct 23, 20266.25%▼ from 7.25%
- Sep 12, 20267.25%first recorded
As Low As; APR* as low as; 2021 & Newer vehicles
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20266.49%▲ from 6.24%
- Sep 30, 20266.24%first recorded
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Vehicle age: less than 3 years old; No minimum
Waterford Used Auto Auto Loan Rates
As Low As; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20264.24%▲ from 3.99%
- Sep 30, 20263.99%first recorded
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $29.64; Terms may vary, subject to qualification
As Low As; No minimum; Apply online
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20264.49%▲ from 4.24%
- Sep 30, 20264.24%first recorded
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20264.49%▲ from 4.24%
- Sep 30, 20264.24%first recorded
As Low As; Rate reflects .25% discount for relationship pricing
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $22.81; Terms may vary, subject to qualification
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $18.65; Terms may vary, subject to qualification
As Low As; Vehicle Loans - Used; APR varies by risk-based FICO credit score tier
- Oct 9, 20264.49%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As; No minimum; Apply online
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20264.60%▲ from 4.25%
- Sep 17, 20264.25%first recorded
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20264.60%▲ from 4.25%
- Sep 17, 20264.25%first recorded
As Low As; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20264.74%▲ from 4.49%
- Sep 18, 20264.49%first recorded
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20264.74%▲ from 4.49%
- Sep 18, 20264.49%first recorded
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20264.74%▲ from 4.49%
- Sep 22, 20264.49%first recorded
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20264.75%▲ from 4.45%
- Sep 17, 20264.45%first recorded
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
As Low As; Used Autos = 2015 or Newer
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20264.95%▲ from 4.75%
- Sep 17, 20264.75%first recorded
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20264.99%▲ from 4.74%
- Sep 30, 20264.74%first recorded
As Low As; Rate reflects .25% discount for relationship pricing
As Low As; Used vehicles must be listed in the NADA used car guide
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20264.99%▲ from 4.74%
- Sep 14, 20264.74%first recorded
As Low As
- Oct 23, 20265.00%▼ from 6.00%
- Sep 12, 20266.00%first recorded
As Low As; No minimum; Apply online
As Low As; Rates effective 5/21/2026
As Low As; Loan to Value: Up To 125%
- Oct 15, 20265.19%▲ from 4.94%
- Sep 14, 20264.94%first recorded
As Low As; Vehicle Loans - Used; APR varies by risk-based FICO credit score tier
- Oct 9, 20265.24%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Stated rate based on creditworthiness criteria; vehicle age determines maximum loan term
- Oct 9, 20265.24%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20265.25%▲ from 5.00%
- Sep 17, 20265.00%first recorded
As Low As
- Oct 23, 20265.25%▼ from 6.25%
- Sep 12, 20266.25%first recorded
As Low As; Used vehicles must be listed in the NADA used car guide
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
Model Years: Up to 4 model-years old
As Low As; Used Autos = 2015 or Newer
As Low As; Rates effective 5/21/2026
As Low As; 60-month auto loan options; as of Oct. 19, 2026; excludes BofA Rewards discount up to 0.50%; advertised APR assumes excellent credit history
- Oct 20, 20265.44%▼ from 5.69%
- Sep 27, 20265.69%▲ from 5.59%
- Sep 18, 20265.59%first recorded
As Low As; Rate reflects .25% discount for relationship pricing
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $16.34; Terms may vary, subject to qualification
As Low As; Vehicle Loans - Used; APR varies by risk-based FICO credit score tier
- Oct 9, 20265.49%▲ from 5.24%
- Sep 14, 20265.24%first recorded
As Low As
- Oct 23, 20265.50%▼ from 6.50%
- Sep 12, 20266.50%first recorded
As Low As; Used vehicles must be listed in the NADA used car guide
As Low As; Membership eligibility required; $5 one-time membership fee for new members
As Low As; New/Used auto rates apply to 2015-current model years; Loans require full coverage insurance
As Low As; Rates effective 5/21/2026
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
Vehicle Loans, Model Year 2022 & Newer; Payment per $1,000: $14.49; Terms may vary, subject to qualification
As Low As; Vehicle Loans - Used; APR varies by risk-based FICO credit score tier
- Oct 9, 20265.74%▲ from 5.49%
- Sep 14, 20265.49%first recorded
As Low As; Effective: September 30, 2026; APR for eligible borrowers with qualified collateral; member eligibility required; no rate discounts; vehicle age determines maximum loan term
- Oct 8, 20265.75%▲ from 5.50%
- Sep 17, 20265.50%first recorded
As Low As
- Oct 23, 20265.75%▼ from 6.75%
- Sep 12, 20266.75%first recorded
As Low As; Used Autos = 2015 or Newer; Secured loans 72-83 months require a loan amount minimum of $15k
As Low As; Rates effective 5/21/2026
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; Used vehicles must be listed in the NADA used car guide
As Low As; Vehicle no more than three model years old; includes direct deposit discount of 0.25%; maximum term of 36 months for as low as rate; Membership required
As Low As; Vehicle Loans - Used; APR varies by risk-based FICO credit score tier
- Oct 9, 20266.24%▲ from 5.99%
- Sep 14, 20265.99%first recorded
As Low As
- Oct 23, 20266.25%▼ from 7.25%
- Sep 12, 20267.25%first recorded
Financing amount: $30,000; For online applicants with excellent credit history; Your rate may vary based on credit history, vehicle, financing amount and term
Financing amount: $30,000; Purchase of used car; For online applicants with excellent credit; Last updated 10/1/2026
- 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
Model Years: Up to 4 model-years old
As Low As; Rates effective 5/21/2026
As Low As; Includes 0.25% direct deposit discount; max term 72 months; vehicle no more than five model years old; $835 program fee
- Oct 23, 20266.49%▲ from 6.24%
- Sep 30, 20266.24%first recorded
As Low As; Up to 100% of JD Power; GAP, Warranty and Debt Protection are available!
As Low As; No minimum; Apply online
Waterford, ME Auto Loan Rate Trends
Compare local Waterford, ME 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.
Maine new auto rates fell 0.127 points over the past 7 days to 5.282% APR.
Maine used auto rates fell 0.076 points over the past 7 days to 5.621% APR.
Waterford, ME 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 Maine 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 Maine 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 @ 5.28% APR ME average | Used Auto @ 5.62% APR ME average | Monthly Difference |
|---|---|---|---|
| $15,000 | $285.01/mo | $287.35/mo | $2.34/mo |
| $25,000 | $475.02/mo | $478.92/mo | $3.90/mo |
| $35,000 | $665.03/mo | $670.49/mo | $5.46/mo |
| $45,000 | $855.04/mo | $862.06/mo | $7.02/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 Waterford, Maine
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Waterford, Maine 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 Maine. 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 Waterford, Maine 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: Waterford, Maine CD rates lock in a guaranteed return until you’re ready to buy
Maine Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau (state-level data shown; city data not available)
A $570 monthly car payment works out to roughly 15.4% of the median individual income in Maine. 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 Waterford, Maine, 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 Waterford, Maine. We’ve prefilled the APR with today’s ME 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 Waterford, Maine 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 Waterford, Maine 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 Waterford, Maine. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in ME.
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 Waterford, Maine
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 Waterford, Maine
How does my credit score affect my car loan rate in Maine?
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 Waterford, Maine?
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 Waterford, Maine?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Waterford, Maine?
- Saco Valley Credit Union: 3.59% (Titled Vehicle Loan)
- Coast Line Credit Union: 3.95% (Auto Loan)
- Atlantic Regional Federal Credit Union: 3.99% (New/Used Automobiles)
- Katahdin Federal Credit Union: 3.99% (New Vehicle Loan)
- Evergreen Credit Union Portland, ME: 3.99% (Vehicle Loan - Up to 24 months)
Waterford, Maine Rates & Resources
