Detroit, Michigan Best Auto Loan Rates - August 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current auto loan rates in Detroit, Michigan include Diversified Members Credit UnionDiversified Members Credit Union1480 E Jefferson Ave, Detroit, MI, 48207A+5.0 ★Texas Ratio: 5.38% offering Auto Loan at 3.50%, Electrical Workers Local 58 Credit UnionElectrical Workers Local 58 Credit Union1366 porter ST, DETROIT, MI, 48226A+5.0 ★Texas Ratio: 0.00% offering New Auto / Motorcycles at 3.99%, Public Service Credit UnionPublic Service Credit Union3044 W Grand Blvd Ste L 350, Detroit, MI, 48202 3142A5.0 ★Texas Ratio: 6.17% offering New/Used Vehicle Loan at 4.24%, One Detroit Credit UnionOne Detroit Credit Union630 Howard St, Detroit, MI, 48226A5.0 ★Texas Ratio: 5.77% offering Cars, Trucks, Vans, Sport Utility Vehicles Loan at 4.24%, EastRise Credit UnionEastRise Credit Union500 E Lafayette Blvd, Detroit, MI, 48226A+5.0 ★Texas Ratio: 4.41% offering Green Vehicle Loan at 4.60%. Auto loan rates as of August 28, 2026 according to verified data from MonitorBankRates.
Detroit has 10 local institutions in our database, with auto loan rates as low as 3.50% APR from Diversified Members Credit Union at 1480 E Jefferson Ave, Detroit, MI, 48207. Use the tabs below to compare new and used auto loan rates. Rates are continually updated — we recommend checking back frequently.
Auto loan rates reflect recent market quotes and representative offers available to borrowers in Detroit, Michigan. Auto Loan Rates Last Updated and Verified: August 28, 2026
Compare Auto Loan Rates Today in Detroit, Michigan & Surrounding Area
Detroit Auto Loan Rates
As Low As
As Low As; apr = annual percent rate
As Low As; Advertised rate is the lowest rate available. Rates and terms may vary depending on credit qualifications, direct deposit and auto pay from a DMCU checking or savings account. Qualifying rate based on model year 2015 and newer vehicles.
As Low As; *
As Low As
As Low As
As Low As; apr = annual percent rate
As Low As; APR = annual percentage rate and reflects the current minimum APR offered.
As Low As; Model Year: 2022 - 2023
As Low As; Model Year: 2024 and Newer
As Low As
As Low As
As Low As; apr = annual percent rate
As Low As; APR = annual percentage rate and reflects the current minimum APR offered.
As Low As; APR = annual percentage rate and reflects the current minimum APR offered.
As Low As; *
As Low As
As low as
As low as
Model Year: 2021 and newer
As Low As; apr = annual percent rate
Model Year: 2021 and newer
As Low As; APR = annual percentage rate and reflects the current minimum APR offered.
As Low As
As low as
As low as
As low as
As low as
As Low As; Model Year: 2022 - 2023
As Low As; Model Year: 2024 and Newer
As Low As; APR = annual percentage rate and reflects the current minimum APR offered.
Model Year: 2021 and newer
As Low As; apr =annual percent
As Low As; apr = annual percent rate
Members may be eligible to receive a 0.50% discount. Range of rates published below do not include the 0.50% discount.3
Model Year: 2021 and newer
As low as
As low as
Members may be eligible to receive a 0.50% discount. Range of rates published below do not include the 0.50% discount.3
As Low As; Model Year: 2020 - 2021
Model Year: 2020 and older
As Low As
As Low As
Members may be eligible to receive a 0.50% discount. Range of rates published below do not include the 0.50% discount.3
Members may be eligible to receive a 0.50% discount. Range of rates published below do not include the 0.50% discount.3
As Low As; Model Year: 2018 - 2019
As Low As; Model Year: 2020 - 2021
Model Year: 2020 and older
An additional .25% rate discount is applied when payments are automatically deducted from an orsa credit union checking account. May require co-signer. Programs, rates, terms, and conditions are subject to change without notice.
As Low As; APR = annual percentage rate and reflects the current minimum APR offered.
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Learn more. Purchase of a new car would have a 5.94% APR for 60 months, monthly payment of $868.72 for $45,000 financing, down payment of $0.
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Learn more. Purchase of a used 2022 year car would have a 5.99% APR for 60 months, monthly payment of $579.84 for $30,000 financing, down payment of $0.
As Low As; *
As low as
As low as
As low as; Models 2016 or newer
As Low As; Model Year: 2018 - 2019
As Low As; Model Year: 2024 and Newer
Model Year: 2020 and older
Members may be eligible to receive a 0.50% discount. Range of rates published below do not include the 0.50% discount.3
Model Year: 2021 and newer
Members may be eligible to receive a 0.50% discount. Range of rates published below do not include the 0.50% discount.3
As low as
As low as
Members may be eligible to receive a 0.50% discount. Range of rates published below do not include the 0.50% discount.3
As Low As; apr = annual percent rate
Members may be eligible to receive a 0.50% discount. Range of rates published below do not include the 0.50% discount.3
As Low As; APR = annual percentage rate and reflects the current minimum APR offered.
As Low As; *
As Low As; Model Year: 2015 - 2017
As Low As; Model Year: 2024 and Newer
Model Year: 2020 and older
Members may be eligible to receive a 0.50% discount. Range of rates published below do not include the 0.50% discount.3
As low as; Models 2016 or newer
Members may be eligible to receive a 0.50% discount. Range of rates published below do not include the 0.50% discount.3
Actual rate and loan term are based on borrower's creditworthiness, amount borrowed, as well as the type, value, age, and condition of the collateral offered to secure the loan. Allowable terms vary by loan amount. Loan subject to approval. A loan officer will inform you of the rate and term you qualify for after reviewing your loan application documents.
As Low As
As Low As; Model Year: 2024 and Newer
Members may be eligible to receive a 0.50% discount. Range of rates published below do not include the 0.50% discount.3
Actual rate and loan term are based on borrower's creditworthiness, amount borrowed, as well as the type, value, age, and condition of the collateral offered to secure the loan. Allowable terms vary by loan amount. Loan subject to approval. A loan officer will inform you of the rate and term you qualify for after reviewing your loan application documents.
As Low As
As Low As; Model Year: 2014 and Older (does not include Classic Auto)
Actual rate and loan term are based on borrower's creditworthiness, amount borrowed, as well as the type, value, age, and condition of the collateral offered to secure the loan. Allowable terms vary by loan amount. Loan subject to approval. A loan officer will inform you of the rate and term you qualify for after reviewing your loan application documents.
As low as; Models 2015 or older
As Low As
As low as; Models 2015 or older
Qualified vehicles in this category include Personal Watercrafts, Snowmobiles, ATVs, Tractors, Riding Lawn Mowers, Trailers, and any other collateral accepted by Lake Trust. Ask a Lake Trust representative for more details.
Qualified vehicles in this category include Personal Watercrafts, Snowmobiles, ATVs, Tractors, Riding Lawn Mowers, Trailers, and any other collateral accepted by Lake Trust. Ask a Lake Trust representative for more details.
Qualified vehicles in this category include Personal Watercrafts, Snowmobiles, ATVs, Tractors, Riding Lawn Mowers, Trailers, and any other collateral accepted by Lake Trust. Ask a Lake Trust representative for more details.
As Low As; (including 0.25% discount for automatic payment)
As Low As; 0.25% discount for automatic payment
Qualified vehicles in this category include Personal Watercrafts, Snowmobiles, ATVs, Tractors, Riding Lawn Mowers, Trailers, and any other collateral accepted by Lake Trust. Ask a Lake Trust representative for more details.
As Low As
As Low As;*
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As Low As; Rate is "as low as" and may change based on credit history, term, and other determining factors. The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender. For additional terms, please contact our Lending department at 586-466-7800 opt. 3
As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As; Maximum LTV Up to 90%; Heroes Program Maximum LTV Up to 115%; Minimum Loan Amount $3,500
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
Lock In a Rate as Low as
As Low As
Rates as low as
As Low As
As Low As; Rate is "as low as" and may change based on credit history, term, and other determining factors. The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender. For additional terms, please contact our Lending department at 586-466-7800 opt. 3
As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
Min $5k
As Low As
As Low As
As low as
Rates are based on credit score. Terms out as far as 84 months at 5.00%. Contact the credit union for more information. Rates are subject to change without notice. Please contact the credit union to get current rate information
As low as rate reflects additional .25% APR reduction that is available when you sign up for automatic payment of your loan from a CASE checking account (must be requested at the time of loan closing, excludes pledge loans, real estate loans, lines of credit, Home Equity Lines of Credit, business loans and VISA's). Contact the Credit Union for details. Your rate will be disclosed at the time of closing. Not all applicants will qualify. CASE membership is required.
As low as
Vehicle Model Years: 2020 or Newer**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As low as; Current Year + 2 Years 2026-2025-2024
Relationship Rate
As Low As; Discount already applied.
As Low As; Rates and terms subject to change without notice. Please contact Shore to Shore for the latest rates. Some restrictions may apply.
Rates as low as
As Low As; Rate is "as low as" and may change based on credit history, term, and other determining factors. The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender. For additional terms, please contact our Lending department at 586-466-7800 opt. 3
$15; As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As; Rate is "as low as" and may change based on credit history, term and other determining factors. As low as rate includes discounts for Payment Protection coverage OR active checking with a minimum full payroll direct deposit of $2,000 per month. Payment example: A fully protected loan of $20,000 at 6.49% for 60 months would have a monthly payment of $427.17. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As
As Low As
As Low As
As Low As; From 12 to 60 Months
Max 100%1 A Credit Tier
Rates starting @ 4.25%, based on individual credit.
As Low As; Rate and APR advertised assumes a FICO Credit Score of 680 or better and a loan amount example of $35,000 based on the maximum term noted. The payment examples shown above do not include GAP premiums, or other insurance premium amounts, which will increase your monthly payment obligation. Your actual payment may vary based on the term, credit score and amount financed.
As Low As
As low as
As Low As; Year/Amount: 2020 - 2026
As Low As
As Low As
2022-2026
As low as; Current Year + 2 Years 2026-2025-2024
Rates as low as
As Low As*
As Low As
As Low As; Rate is "as low as" and may change based on credit history, term, and other determining factors. The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender. For additional terms, please contact our Lending department at 586-466-7800 opt. 3
$25; As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As; Rate is "as low as" and may change based on credit history, term and other determining factors. As low as rate includes discounts for Payment Protection coverage OR active checking with a minimum full payroll direct deposit of $2,000 per month. Payment example: A fully protected loan of $20,000 at 6.49% for 60 months would have a monthly payment of $427.17. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As; Rate is "as low as" and may change based on credit history, term and other determining factors. As low as rate includes discounts for Payment Protection coverage OR active checking with a minimum full payroll direct deposit of $2,000 per month. Payment example: A fully protected loan of $20,000 at 6.49% for 60 months would have a monthly payment of $427.17. Rate is subject to change at any time without notice. Equal Opportunity Lender.
$15; As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As; Rate includes a .25% discount for direct deposit and may vary based on credit history.
Min $5k
As Low As
As Low As
As Low As
Minimum Loan Amount $4,000
As Low As
Rates are based on credit score. Terms out as far as 84 months at 5.00%. Contact the credit union for more information. Rates are subject to change without notice. Please contact the credit union to get current rate information
Longer terms/rates available, call for details
APR based on credit and model year
Credit Score: 700-800
Credit Score: 700-800
As Low As; Maximum LTV Up to 90%; Heroes Program Maximum LTV Up to 115%; Minimum Loan Amount $3,500
As Low As; Year/Amount: 2020 - 2026
Minimum Loan Amount $7,500
Vehicle Model Years: 2022 or Newer; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As low as; Current Year + 2 Years 2026-2025-2024
As Low As; Vehicle Loan - Automobiles, Trucks and Street Motorcycles
As Low As; Vehicle Loans* - Automobiles, Trucks and Street Motorcycles; 2016 - 2026
As Low As; Discount already applied.
As Low As; Rates and terms subject to change without notice. Please contact Shore to Shore for the latest rates. Some restrictions may apply.
Rates as low as
As Low As*
As Low As; Rate is "as low as" and may change based on credit history, term and other determining factors. As low as rate includes discounts for Payment Protection coverage OR active checking with a minimum full payroll direct deposit of $2,000 per month. Payment example: A fully protected loan of $20,000 at 6.49% for 60 months would have a monthly payment of $427.17. Rate is subject to change at any time without notice. Equal Opportunity Lender.
$15; As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
Rate includes a .25% discount for direct deposit and may vary based on credit history.
Min $10k
As Low As; *APR = Annual Percentage Rate. Rates may be higher than advertised. Final rate is determined by loan applicant's creditworthiness, qualifications and collateral conditions. All rates are subject to change.
As Low As; Loan Amount: n/a
Model Year: 2023 and newer; As Low As*
As Low As; Loyalty Discount; Model Year: 2026-2021
As Low As
As Low As; new or used
As Low As; model years 2025-2026
As Low As; model years 2024 and older
Max 100%1 A Credit Tier
Max 100%1 A Credit Tier
As Low As with Direct Deposit
Detroit New Auto Auto Loan Rates
As Low As; apr = annual percent rate
As Low As; Advertised rate is the lowest rate available. Rates and terms may vary depending on credit qualifications, direct deposit and auto pay from a DMCU checking or savings account. Qualifying rate based on model year 2015 and newer vehicles.
As Low As; *
As Low As; Model Year: 2022 - 2023
As Low As; Model Year: 2024 and Newer
As Low As
As Low As
As Low As; *
As low as
Model Year: 2021 and newer
Model Year: 2021 and newer
As low as
As low as
As Low As; Model Year: 2022 - 2023
As Low As; Model Year: 2024 and Newer
Model Year: 2021 and newer
Model Year: 2021 and newer
As low as
As Low As; Model Year: 2020 - 2021
As Low As; Model Year: 2018 - 2019
As Low As; Model Year: 2020 - 2021
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Learn more. Purchase of a new car would have a 5.94% APR for 60 months, monthly payment of $868.72 for $45,000 financing, down payment of $0.
As Low As; *
As low as
As Low As; Model Year: 2018 - 2019
As Low As; Model Year: 2024 and Newer
Model Year: 2021 and newer
As low as
As Low As; *
As Low As; Model Year: 2015 - 2017
As Low As; Model Year: 2024 and Newer
Actual rate and loan term are based on borrower's creditworthiness, amount borrowed, as well as the type, value, age, and condition of the collateral offered to secure the loan. Allowable terms vary by loan amount. Loan subject to approval. A loan officer will inform you of the rate and term you qualify for after reviewing your loan application documents.
As Low As; Model Year: 2024 and Newer
As Low As; Model Year: 2014 and Older (does not include Classic Auto)
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As Low As; Rate is "as low as" and may change based on credit history, term, and other determining factors. The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender. For additional terms, please contact our Lending department at 586-466-7800 opt. 3
As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As Low As
As Low As; Rate is "as low as" and may change based on credit history, term, and other determining factors. The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender. For additional terms, please contact our Lending department at 586-466-7800 opt. 3
As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
Min $5k
As low as
Rates are based on credit score. Terms out as far as 84 months at 5.00%. Contact the credit union for more information. Rates are subject to change without notice. Please contact the credit union to get current rate information
As low as rate reflects additional .25% APR reduction that is available when you sign up for automatic payment of your loan from a CASE checking account (must be requested at the time of loan closing, excludes pledge loans, real estate loans, lines of credit, Home Equity Lines of Credit, business loans and VISA's). Contact the Credit Union for details. Your rate will be disclosed at the time of closing. Not all applicants will qualify. CASE membership is required.
As low as
Vehicle Model Years: 2020 or Newer**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As low as; Current Year + 2 Years 2026-2025-2024
Relationship Rate
As Low As; Discount already applied.
As Low As; Rates and terms subject to change without notice. Please contact Shore to Shore for the latest rates. Some restrictions may apply.
As Low As; Rate is "as low as" and may change based on credit history, term, and other determining factors. The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender. For additional terms, please contact our Lending department at 586-466-7800 opt. 3
$15; As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As
As Low As; From 12 to 60 Months
Max 100%1 A Credit Tier
Rates starting @ 4.25%, based on individual credit.
As Low As; Rate and APR advertised assumes a FICO Credit Score of 680 or better and a loan amount example of $35,000 based on the maximum term noted. The payment examples shown above do not include GAP premiums, or other insurance premium amounts, which will increase your monthly payment obligation. Your actual payment may vary based on the term, credit score and amount financed.
As Low As
As low as
As Low As
2022-2026
As low as; Current Year + 2 Years 2026-2025-2024
As Low As*
As Low As
As Low As; Rate is "as low as" and may change based on credit history, term, and other determining factors. The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender. For additional terms, please contact our Lending department at 586-466-7800 opt. 3
$25; As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
Min $5k
As Low As
Minimum Loan Amount $4,000
As Low As
Rates are based on credit score. Terms out as far as 84 months at 5.00%. Contact the credit union for more information. Rates are subject to change without notice. Please contact the credit union to get current rate information
Longer terms/rates available, call for details
Minimum Loan Amount $7,500
Vehicle Model Years: 2022 or Newer; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As low as; Current Year + 2 Years 2026-2025-2024
As Low As; Vehicle Loan - Automobiles, Trucks and Street Motorcycles
As Low As; Vehicle Loans* - Automobiles, Trucks and Street Motorcycles; 2016 - 2026
As Low As; Rates and terms subject to change without notice. Please contact Shore to Shore for the latest rates. Some restrictions may apply.
As Low As*
Min $10k
As Low As; Loyalty Discount; Model Year: 2026-2021
As Low As
As Low As; model years 2025-2026
Max 100%1 A Credit Tier
Max 100%1 A Credit Tier
As Low As with Direct Deposit
Detroit Used Auto Auto Loan Rates
As Low As; Advertised rate is the lowest rate available. Rates and terms may vary depending on credit qualifications, direct deposit and auto pay from a DMCU checking or savings account. Qualifying rate based on model year 2015 and newer vehicles.
As Low As; *
As Low As; Model Year: 2022 - 2023
As Low As; Model Year: 2024 and Newer
As Low As; *
As low as
As Low As; apr = annual percent rate
As low as
As low as
As Low As; Model Year: 2022 - 2023
As Low As; Model Year: 2024 and Newer
As low as
As Low As; Model Year: 2020 - 2021
Model Year: 2020 and older
As Low As
As Low As
As Low As; Model Year: 2018 - 2019
As Low As; Model Year: 2020 - 2021
Model Year: 2020 and older
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Learn more. Purchase of a used 2022 year car would have a 5.99% APR for 60 months, monthly payment of $579.84 for $30,000 financing, down payment of $0.
As Low As; *
As low as
As Low As; Model Year: 2018 - 2019
As Low As; Model Year: 2024 and Newer
Model Year: 2020 and older
As low as
As Low As; apr = annual percent rate
As Low As; *
As Low As; Model Year: 2015 - 2017
As Low As; Model Year: 2024 and Newer
Model Year: 2020 and older
As Low As; Model Year: 2024 and Newer
As Low As; Model Year: 2014 and Older (does not include Classic Auto)
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As Low As; Rate is "as low as" and may change based on credit history, term, and other determining factors. The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender. For additional terms, please contact our Lending department at 586-466-7800 opt. 3
As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As Low As; Rate is "as low as" and may change based on credit history, term, and other determining factors. The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender. For additional terms, please contact our Lending department at 586-466-7800 opt. 3
As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
Min $5k
As low as rate reflects additional .25% APR reduction that is available when you sign up for automatic payment of your loan from a CASE checking account (must be requested at the time of loan closing, excludes pledge loans, real estate loans, lines of credit, Home Equity Lines of Credit, business loans and VISA's). Contact the Credit Union for details. Your rate will be disclosed at the time of closing. Not all applicants will qualify. CASE membership is required.
Vehicle Model Years: 2020 or Newer**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As Low As; Rate is "as low as" and may change based on credit history, term, and other determining factors. The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender. For additional terms, please contact our Lending department at 586-466-7800 opt. 3
$15; As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As; Rate is "as low as" and may change based on credit history, term and other determining factors. As low as rate includes discounts for Payment Protection coverage OR active checking with a minimum full payroll direct deposit of $2,000 per month. Payment example: A fully protected loan of $20,000 at 6.49% for 60 months would have a monthly payment of $427.17. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As
Max 100%1 A Credit Tier
As Low As*
As Low As; Rate is "as low as" and may change based on credit history, term, and other determining factors. The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender. For additional terms, please contact our Lending department at 586-466-7800 opt. 3
$25; As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As; Rate is "as low as" and may change based on credit history, term and other determining factors. As low as rate includes discounts for Payment Protection coverage OR active checking with a minimum full payroll direct deposit of $2,000 per month. Payment example: A fully protected loan of $20,000 at 6.49% for 60 months would have a monthly payment of $427.17. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
As Low As; Rate is "as low as" and may change based on credit history, term and other determining factors. As low as rate includes discounts for Payment Protection coverage OR active checking with a minimum full payroll direct deposit of $2,000 per month. Payment example: A fully protected loan of $20,000 at 6.49% for 60 months would have a monthly payment of $427.17. Rate is subject to change at any time without notice. Equal Opportunity Lender.
$15; As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
Min $5k
As Low As
Minimum Loan Amount $4,000
As Low As
Minimum Loan Amount $7,500
Vehicle Model Years: 2022 or Newer; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply. A 0.25% premium will be added to model years 2021 -2017. A 0.75% premium will be added to model years 2016 and older.
As Low As; Vehicle Loan - Automobiles, Trucks and Street Motorcycles
As Low As; Vehicle Loans* - Automobiles, Trucks and Street Motorcycles; 2016 - 2026
As Low As; Discount already applied.
As Low As*
As Low As; Rate is "as low as" and may change based on credit history, term and other determining factors. As low as rate includes discounts for Payment Protection coverage OR active checking with a minimum full payroll direct deposit of $2,000 per month. Payment example: A fully protected loan of $20,000 at 6.49% for 60 months would have a monthly payment of $427.17. Rate is subject to change at any time without notice. Equal Opportunity Lender.
$15; As Low As; The "as low as" rate of 4.74% APR includes a 0.25% rate discount for Payment Protection coverage OR active checking with a full payroll direct deposit of $2,000 or more per month. Payment example: A fully protected loan of $20,000 at 4.74% APR would have a monthly payment of $597.12 for 36 months. Loan terms can be extended for Payment Protection. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
Min $10k
As Low As
As Low As; model years 2024 and older
Max 100%1 A Credit Tier
Max 100%1 A Credit Tier
Detroit, MI Auto Loan Rate Trends
Compare local Detroit, MI 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.
Michigan new auto rates rose 0.317 points over the past 7 days to 5.866% APR.
Michigan used auto rates rose 0.351 points over the past 7 days to 6.603% APR.
What Would Your Monthly Car Payment Be?
Estimated monthly payments on a standard 60-month auto loan at today’s average Michigan 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 @ 5.87% APR Nat'l average | Used Auto @ 6.60% APR Nat'l average | Monthly Difference |
|---|---|---|---|
| $15,000 | $289.06/mo | $294.21/mo | $5.16/mo |
| $25,000 | $481.76/mo | $490.36/mo | $8.60/mo |
| $35,000 | $674.46/mo | $686.50/mo | $12.03/mo |
| $45,000 | $867.17/mo | $882.64/mo | $15.47/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.
About Our Detroit, Michigan Auto Loan Rate Database
Our Detroit, Michigan auto loan tables currently track 59 banks and credit unions offering new and used vehicle financing to borrowers in this market. Every APR is sourced directly from the lender’s own website and re-verified regularly, so the rates you compare here reflect what lenders are actually advertising today — not stale or estimated numbers.
The lowest verified auto loan APR in our Detroit, Michigan database right now is 2.99% APR from United Federal Credit Union. Advertised APRs typically assume excellent credit, so use the full rate table above to compare offers across your actual credit tier.
How to Get the Best Auto Loan Rate in Detroit, Michigan
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Detroit, Michigan 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 Michigan. 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 Detroit, Michigan 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 → Detroit, Michigan CD rates lock in a guaranteed return until you’re ready to buy
Detroit, Michigan Financial Snapshot
Local demographics and economic context for car buyers — Source: U.S. Census Bureau
A $578 monthly car payment works out to roughly 21.9% of the median individual income in Detroit, Michigan. Most budgeting guidelines suggest keeping total vehicle costs — payment, insurance, fuel, and maintenance — under 15–20% of take-home pay.
Auto Financing Options Compared
An auto loan isn’t the only way to finance a vehicle in Detroit, Michigan — but for most borrowers it’s the cheapest. Here’s how the main options stack up.
| Feature | Credit Union Auto Loan | Bank Auto Loan | Dealer Financing | Personal Loan |
|---|---|---|---|---|
| Typical APR Level | ✓ Often lowest | ✓ Competitive | ● Varies — can be marked up | ✗ Highest (unsecured) |
| Rate Locked Before You Shop | ✓ Yes, via preapproval | ✓ Yes, via preapproval | ✗ Arranged at the dealership | ✓ Yes |
| Membership / Relationship Required | ● Membership (usually easy) | ✗ No | ✗ No | ✗ No |
| Works for Private-Party Sales | ✓ Usually | ● Sometimes | ✗ No | ✓ Yes |
| Convenience at Purchase | ● Preapproval step first | ● Preapproval step first | ✓ One-stop at the dealer | ● Funds in 1–3 days |
| Best For | Lowest total cost of borrowing | Existing bank customers & rate discounts | Manufacturer 0% promos on new cars | Older vehicles lenders won’t finance |
General comparison for educational purposes. Manufacturer promotional financing (0–2.9% APR offers) through dealers can beat any bank or credit union rate when you qualify — always compare the promo against a cash rebate plus outside financing.
Auto Loan Payment Calculator
Estimate your monthly payment on a new or used vehicle in Detroit, Michigan. We’ve prefilled the APR with today’s Nat'l 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 Detroit, Michigan 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 Detroit, Michigan 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 Detroit, Michigan. We feature a comprehensive mix of lenders — from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in MI.
Regularly Updated APRs: Our rate updaters verify and update auto loan rates regularly. Because APRs can change based on market conditions and lender policies, every product features its own “last updated” date for full transparency. Auto loan APRs shown typically represent the lowest available rate for borrowers with excellent credit; your actual rate will depend on your credit history, credit score, income, loan term, vehicle age, and other underwriting factors.
Frequently Asked Questions about Auto Loans in Detroit, Michigan
How does my credit score affect my car loan rate in Michigan?
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 Detroit, Michigan?
Why are used car loan rates higher than new car rates?
Can I refinance my auto loan if rates drop or my credit improves?
What are the best Auto Loan rates in Detroit, Michigan?
- Diversified Members Credit Union: 3.50% (Auto Loan)
- Electrical Workers Local 58 Credit Union: 3.99% (New Auto / Motorcycles)
- Public Service Credit Union: 4.24% (New/Used Vehicle Loan)
- One Detroit Credit Union: 4.24% (Cars, Trucks, Vans, Sport Utility Vehicles Loan)
- EastRise Credit Union: 4.60% (Green Vehicle Loan)
Detroit, Michigan Rates & Resources
