Farmington Hills, MI Best Auto Loan Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Current auto loan rates in Farmington Hills, Michigan range from 4.74% to 6.62% APR across the five lenders featured below, verified by MonitorBankRates as of September 27, 2026. Current auto loan rates in Farmington Hills, Michigan include Alliance Catholic Credit UnionAlliance Catholic Credit Union28800 Orchard Lake Rd, Farmington Hills, MI, 48334A+5.0 ★Texas Ratio: 1.86% offering Auto Loans 2023 & Newer at 4.74%, Bank of AmericaBank of America37801 W 12 Mile Rd, Farmington Hills, MI, 48331A+5.0 ★Texas Ratio: 4.24% offering New car (dealer) Loan at 5.49%, Community Choice Credit UnionCommunity Choice Credit Union31155 Northwestern Hwy, Farmington Hills, MI, 48334 2502A+5.0 ★Texas Ratio: 5.61% offering Auto Loans at 5.74%, Chase BankChase Bank33200 W 12 Mile Rd, Farmington Hills, MI, 48334A+5.0 ★Texas Ratio: 3.77% offering New car purchase Loan at 6.14%, Independent BankIndependent Bank32900 Middlebelt Rd, Farmington Hills, MI, 48334A5.0 ★Texas Ratio: 8.57% offering Auto Loan - 84 Month at 6.62%. Auto loan rates as of September 27, 2026 according to verified data from MonitorBankRates.
Farmington Hills has 5 local institutions in our database, with auto loan rates as low as 4.74% APR from Alliance Catholic Credit Union at 28800 Orchard Lake Rd, Farmington Hills, MI, 48334. 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 Farmington Hills, Michigan. Auto Loan Rates Last Updated and Verified: September 27, 2026
Compare Auto Loan Rates Today in Farmington Hills, Michigan & Surrounding Area
Farmington Hills Auto Loan Rates
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.49%▲ from 5.39%
- Sep 18, 20265.39%first recorded
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.69%▲ from 5.59%
- Sep 18, 20265.59%first recorded
As Low As; For new and used cars
As Low As; For new and used cars; Minimum loan amount $10,000+
As Low As; For new and used cars; Minimum loan amount $18,000+
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
- Sep 14, 20265.94%first recorded
APR based on 60 months and $45,000
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
- Sep 14, 20265.94%first recorded
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
- Sep 14, 20265.99%first recorded
APR based on 60 months and $30,000
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
- Sep 14, 20265.99%first recorded
As Low As; For new and used cars; Minimum loan amount $25,000+
Minimum Loan Amount $50,000
Effective Date: September 21, 2026
- Sep 24, 20266.62%▲ from 6.12%
- Sep 15, 20266.12%first recorded
Minimum Loan Amount $50,000
Minimum Loan Amount $70,000
Minimum Loan Amount $70,000
APR* as low as; Minimum loan amount $5,000
APR* as low as; Minimum loan amount $10,000
APR* as low as; Minimum loan amount $15,000
No payments for the first 90 days of your new loan; Up to 115% financing; Lock your rate in for up to 45 days while you shop; CARFAX Reporting
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.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
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.
Published APR range: 3.99%-11.50%. Minimum Loan Amount: Min $5k
As Low As
Term: 12 - 36 months* Limited-Time Offer; As Low As; Limited-Time Offer
Limited-Time Offer
New Vehicles / Motorcycles; apr = annual percent rate
As Low As
As Low As; Rate and terms are subject to credit approval, vehicle eligibility, loan term, and other restrictions. Certain conditions and qualifications apply. Contact SMSE Federal Credit Union for complete details.
- Sep 25, 20263.99%▼ from 6.75%
- Sep 20, 20266.75%first recorded
As Low As; For salvage/rebuilt title, call (248) 619-0440 for a rate quote.
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.
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
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
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.
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).
As low as
Vehicles with over 100,000 miles are subject to an additional .50% rate increase. Certain loans may have more requirements.
As Low As
Loan Amount: n/a
Relationship Rate
As Low As; Consumer Loans Special 0.26 basis points off with automatic transfer of payments. (Discount already applied).
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
As Low As
Additional APR listed for this product: 4.74%. As Low As
Year: 2026-2024; Credit Tier: Max 100% A
Credit Score: 750+; Rate with 0% Down
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
As Low As; 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; 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; 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; For salvage/rebuilt title, call (248) 619-0440 for a rate quote.
As low as
As Low As; Year/Amount: 2021 - 2027
As Low As
As Low As
Rates includes a .25% discount for direct deposit and may vary based on credit history. As low as
Published APR range: 4.49%-12%. Minimum Loan Amount: Min $5k
Published APR range: 4.49%-17%. Minimum Loan Amount: Min $10k
As Low As
Term: Flexible Terms Available; As Low As; *
Term: Flexible Terms Available; As Low As; *
New Vehicles / Motorcycles; apr = annual percent rate
Model Year: 2022-2026
As Low As*
As Low As; For salvage/rebuilt title, call (248) 619-0440 for a rate quote.
As Low As
Minimum Loan Amount $4,000
Additional APR listed for this product: 4.74%, 4.99%, 5.74%. As Low As
Model Year: 2021 and newer
Model Year: 2020 and older
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
Credit Score: 700-800
Credit Score: 700-800
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.
New Auto (2025-2026)
APR as low as
APR* (as low as)
As Low As; Year/Amount: 2021 - 2027
Minimum Loan Amount $7,500
New Auto (2025-2026)
Rates includes a .25% discount for direct deposit and may vary based on credit history. As low as
Published APR range: 4.74%-17.50%. Minimum Loan Amount: Min $10k
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.
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.
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.
A minimum loan amount of $25,001 required.
Model Year: 2021 and newer
Model Year: 2020 and older
As Low As; Model Year: 2022 - 2023
As Low As; Model Year: 2024 and Newer
Loan Amount: >15,000.00
Vehicle Loans* - Automobiles, Trucks and Street Motorcycles; Model Year: 2016 - 2026; APR as low as**
As Low As; Consumer Loans Special 0.26 basis points off with automatic transfer of payments. (Discount already applied).
New Auto (2025-2026)
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
As Low As*
- Sep 18, 20264.74%▲ from 4.24%
- Sep 14, 20264.24%first recorded
As Low As
Year: 2026-2024; Credit Tier: Max 100% A
- Sep 18, 20264.75%▼ from 6.25%
- Sep 14, 20266.25%first recorded
Year: 2023-2021; Credit Tier: Max 100% A
- Sep 18, 20264.75%▲ from 4.25%
- Sep 14, 20264.25%first recorded
New Vehicles (2024 & newer)
New Vehicles / Motorcycles; borrowing over $25,000.00; apr = annual percent rate
Refinancing of New and Used Vehicle Loans when a rate decreases will be allowed only on vehicles financed with the credit union within the previous 30 days. A new application must be filled out and member must sign new loan papers in order to refinance these loans.
Credit Level: Gold; Credit Score: 730 and Up
Rates as low as; Terms available up to 96 months
Rates as low as; Terms available up to 84 months
Rates as low as; Terms available up to 72 months
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.; 84 month term on new vehicles only based on credit score.
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.
New Auto (2025-2026)
As Low As; For salvage/rebuilt title, call (248) 619-0440 for a rate quote.
Credit Score: 700-800
Credit Score: 620-699
Credit Score: 700-800
Credit Score: 620-699
Published APR range: 4.80%-17.95%.
APR as low as
As low as
Minimum Loan Amount $10,000
Published APR range: 4.90%-17.95%.
APR as low as
As low as; Maximum Amount: 100% purchase price of vehicle
New Auto (2025-2026)
As Low As; Year/Amount: 2021 - 2027
Rates includes a .25% discount for direct deposit and may vary based on credit history. As low as
Published APR range: 4.99%-18%. Minimum Loan Amount: Min $15k
Term: 2021 and older, up to 60 Months; Published APR range: 4.99%-17.50%.
As Low As
Year: 2026-2025 (up to 100% LTV Max); As low as*
As low as
As low as
Loan must be $20,000.00 or more. New Automobiles only at 72 months term.
Down Payment: 0; with auto pay from your UCCU saving or checking account
Down Payment: 0; with auto pay from your UCCU saving or checking account
Down Payment: 0; with auto pay from your UCCU saving or checking account
Annual Percentage Rate
As Low As*
Model Year: 2021 and newer
Model Year: 2020 and older
Loan Amount: >25,000.00
As Low As;*
Model Year: 2022-2026
As Low As; Your individual rate (APR) will be determined based on your credit score.
As Low As; Year: New Titled Vehicles - 2024 & Newer
As Low As; Year: New Titled Vehicles - 2024 & Newer
As Low As; Year: New Titled Vehicles - 2024 & Newer
As Low As; Year: New Titled Vehicles - 2024 & Newer
Vehicle Loans* - Automobiles, Trucks and Street Motorcycles; Model Year: 2016 - 2026; APR as low as**
Secured Loan Pricing - Base Rates (as low as)
Secured Loan Pricing - Base Rates (as low as)
Used Auto (2018-2024)
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
Farmington Hills New Auto Auto Loan Rates
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.49%▲ from 5.39%
- Sep 18, 20265.39%first recorded
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
- Sep 14, 20265.94%first recorded
APR based on 60 months and $45,000
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
- Sep 14, 20265.94%first recorded
Minimum Loan Amount $50,000
Minimum Loan Amount $70,000
No payments for the first 90 days of your new loan; Up to 115% financing; Lock your rate in for up to 45 days while you shop; CARFAX Reporting
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.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
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.
Published APR range: 3.99%-11.50%. Minimum Loan Amount: Min $5k
New Vehicles / Motorcycles; apr = annual percent rate
As Low As; Rate and terms are subject to credit approval, vehicle eligibility, loan term, and other restrictions. Certain conditions and qualifications apply. Contact SMSE Federal Credit Union for complete details.
- Sep 25, 20263.99%▼ from 6.75%
- Sep 20, 20266.75%first recorded
As Low As; For salvage/rebuilt title, call (248) 619-0440 for a rate quote.
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.
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
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
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.
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).
As low as
Relationship Rate
As Low As; Consumer Loans Special 0.26 basis points off with automatic transfer of payments. (Discount already applied).
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
Additional APR listed for this product: 4.74%. As Low As
Year: 2026-2024; Credit Tier: Max 100% A
Credit Score: 750+; Rate with 0% Down
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
As Low As; 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; 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; 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; For salvage/rebuilt title, call (248) 619-0440 for a rate quote.
As low as
As Low As
Published APR range: 4.49%-12%. Minimum Loan Amount: Min $5k
Published APR range: 4.49%-17%. Minimum Loan Amount: Min $10k
Term: Flexible Terms Available; As Low As; *
Model Year: 2022-2026
As Low As*
As Low As; For salvage/rebuilt title, call (248) 619-0440 for a rate quote.
Minimum Loan Amount $4,000
Additional APR listed for this product: 4.74%, 4.99%, 5.74%. As Low As
Model Year: 2021 and newer
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
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.
New Auto (2025-2026)
APR* (as low as)
Minimum Loan Amount $7,500
New Auto (2025-2026)
Published APR range: 4.74%-17.50%. Minimum Loan Amount: Min $10k
Model Year: 2021 and newer
As Low As; Model Year: 2022 - 2023
As Low As; Model Year: 2024 and Newer
Vehicle Loans* - Automobiles, Trucks and Street Motorcycles; Model Year: 2016 - 2026; APR as low as**
New Auto (2025-2026)
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
As Low As*
- Sep 18, 20264.74%▲ from 4.24%
- Sep 14, 20264.24%first recorded
As Low As
Year: 2026-2024; Credit Tier: Max 100% A
- Sep 18, 20264.75%▼ from 6.25%
- Sep 14, 20266.25%first recorded
Year: 2023-2021; Credit Tier: Max 100% A
- Sep 18, 20264.75%▲ from 4.25%
- Sep 14, 20264.25%first recorded
New Vehicles (2024 & newer)
Refinancing of New and Used Vehicle Loans when a rate decreases will be allowed only on vehicles financed with the credit union within the previous 30 days. A new application must be filled out and member must sign new loan papers in order to refinance these loans.
Credit Level: Gold; Credit Score: 730 and Up
Rates as low as; Terms available up to 96 months
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.; 84 month term on new vehicles only based on credit score.
New Auto (2025-2026)
As Low As; For salvage/rebuilt title, call (248) 619-0440 for a rate quote.
As low as
Minimum Loan Amount $10,000
As low as; Maximum Amount: 100% purchase price of vehicle
New Auto (2025-2026)
Published APR range: 4.99%-18%. Minimum Loan Amount: Min $15k
Term: 2021 and older, up to 60 Months; Published APR range: 4.99%-17.50%.
As low as
Loan must be $20,000.00 or more. New Automobiles only at 72 months term.
Down Payment: 0; with auto pay from your UCCU saving or checking account
Down Payment: 0; with auto pay from your UCCU saving or checking account
Down Payment: 0; with auto pay from your UCCU saving or checking account
Annual Percentage Rate
As Low As*
Model Year: 2021 and newer
As Low As;*
Model Year: 2022-2026
As Low As; Your individual rate (APR) will be determined based on your credit score.
As Low As; Year: New Titled Vehicles - 2024 & Newer
As Low As; Year: New Titled Vehicles - 2024 & Newer
As Low As; Year: New Titled Vehicles - 2024 & Newer
As Low As; Year: New Titled Vehicles - 2024 & Newer
Vehicle Loans* - Automobiles, Trucks and Street Motorcycles; Model Year: 2016 - 2026; APR as low as**
Secured Loan Pricing - Base Rates (as low as)
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
Farmington Hills Used Auto Auto Loan Rates
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.69%▲ from 5.59%
- Sep 18, 20265.59%first recorded
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
- Sep 14, 20265.99%first recorded
APR based on 60 months and $30,000
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
- Sep 14, 20265.99%first recorded
No payments for the first 90 days of your new loan; Up to 115% financing; Lock your rate in for up to 45 days while you shop; CARFAX Reporting
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.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
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.
Published APR range: 3.99%-11.50%. Minimum Loan Amount: Min $5k
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.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
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.
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).
Additional APR listed for this product: 4.74%. As Low As
Year: 2026-2024; Credit Tier: Max 100% A
Credit Score: 750+; Rate with 0% Down
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Published APR range: 4.49%-12%. Minimum Loan Amount: Min $5k
Published APR range: 4.49%-17%. Minimum Loan Amount: Min $10k
Term: Flexible Terms Available; As Low As; *
As Low As*
Minimum Loan Amount $4,000
Additional APR listed for this product: 4.74%, 4.99%, 5.74%. As Low As
Model Year: 2020 and older
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.
APR* (as low as)
Minimum Loan Amount $7,500
Published APR range: 4.74%-17.50%. Minimum Loan Amount: Min $10k
Model Year: 2020 and older
As Low As; Model Year: 2022 - 2023
As Low As; Model Year: 2024 and Newer
Vehicle Loans* - Automobiles, Trucks and Street Motorcycles; Model Year: 2016 - 2026; APR as low as**
As Low As; Consumer Loans Special 0.26 basis points off with automatic transfer of payments. (Discount already applied).
As Low As*
- Sep 18, 20264.74%▲ from 4.24%
- Sep 14, 20264.24%first recorded
Year: 2026-2024; Credit Tier: Max 100% A
- Sep 18, 20264.75%▼ from 6.25%
- Sep 14, 20266.25%first recorded
Year: 2023-2021; Credit Tier: Max 100% A
- Sep 18, 20264.75%▲ from 4.25%
- Sep 14, 20264.25%first recorded
Rates as low as; Terms available up to 84 months
Rates as low as; Terms available up to 72 months
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.
Published APR range: 4.80%-17.95%.
Minimum Loan Amount $10,000
Published APR range: 4.90%-17.95%.
As low as; Maximum Amount: 100% purchase price of vehicle
Published APR range: 4.99%-18%. Minimum Loan Amount: Min $15k
Term: 2021 and older, up to 60 Months; Published APR range: 4.99%-17.50%.
As low as
Model Year: 2020 and older
As Low As;*
Vehicle Loans* - Automobiles, Trucks and Street Motorcycles; Model Year: 2016 - 2026; APR as low as**
Secured Loan Pricing - Base Rates (as low as)
Used Auto (2018-2024)
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
As Low As; APR* = Annual Percentage Rate; Term shows maximum number of months for loan.
Farmington Hills, MI Auto Loan Rate Trends
Compare local Farmington Hills, 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 0.066 points over the past 7 days to 5.668% APR.
Michigan used auto rates rose 0.015 points over the past 7 days to 6.014% APR.
Farmington Hills, MI 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 Michigan 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 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 @ 5.67% APR MI average | Used Auto @ 6.01% APR MI average | Monthly Difference |
|---|---|---|---|
| $15,000 | $287.68/mo | $290.09/mo | $2.41/mo |
| $25,000 | $479.47/mo | $483.48/mo | $4.01/mo |
| $35,000 | $671.26/mo | $676.88/mo | $5.62/mo |
| $45,000 | $863.04/mo | $870.27/mo | $7.23/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 Farmington Hills, Michigan
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Farmington Hills, 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 Farmington Hills, 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: Farmington Hills, Michigan CD rates lock in a guaranteed return until you’re ready to buy
Farmington Hills, Michigan Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $575 monthly car payment works out to roughly 11.5% of the median individual income in Farmington Hills, 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 Farmington Hills, 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 Farmington Hills, Michigan. We’ve prefilled the APR with today’s MI 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 Farmington Hills, 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 Farmington Hills, 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 Farmington Hills, 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 Farmington Hills, 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 Farmington Hills, 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 Farmington Hills, Michigan?
- Alliance Catholic Credit Union: 4.74% (Auto Loans 2023 & Newer)
- Bank of America: 5.49% (New car (dealer) Loan)
- Community Choice Credit Union: 5.74% (Auto Loans)
- Chase Bank: 6.14% (New car purchase Loan)
- Independent Bank: 6.62% (Auto Loan - 84 Month)
Farmington Hills, Michigan Rates & Resources
