Baker, Minnesota Best Auto Loan Rates - October 2026
Brian McKay
Brian McKay
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Baker, Minnesota auto loan rates from lenders serving Minnesota range from 3.79% to 5.74% APR, verified by MonitorBankRates as of October 13, 2026. Current auto loan rates in Baker, Minnesota include Carpenters Federal Credit UnionCarpenters Federal Credit UnionA+5.0 ★Texas Ratio: 2.61% offering 2022 - 2026 New & Used Vehicles Loan at 3.79%, Baxter Credit UnionBaxter Credit UnionA5.0 ★Texas Ratio: 6.31% offering Auto Loans - 2025 & Newer at 3.84%, Hometown Federal Credit UnionHometown Federal Credit UnionA+5.0 ★Texas Ratio: 3.52% offering Auto Loans - 2025 & Newer at 3.99%, Credit Union 1 Credit Union Rantoul, ILCredit Union 1 Credit Union Rantoul, ILA5.0 ★Texas Ratio: 8.90% offering New Auto 2025 & Newer - 36 Months at 3.99%, Federated Employees Credit UnionFederated Employees Credit UnionA+5.0 ★Texas Ratio: 0.81% offering Auto Loan at 4.00%. Auto loan rates as of October 13, 2026 according to verified data from MonitorBankRates.
Baker borrowers have access to 36 lenders serving the Minnesota area, with auto loan rates as low as 3.79% APR from Carpenters Federal Credit Union. Use the tabs below to compare new and used auto loan rates. Rates are continually updated, so we recommend checking back frequently.
Auto loan rates reflect recent market quotes and representative offers available to borrowers in Baker, Minnesota. Auto Loan Rates Last Updated and Verified: October 13, 2026
Compare Auto Loan Rates Today in Baker, Minnesota & Surrounding Area
Baker Auto Loan Rates
Model Year: 2022 - 2026; Rates effective as of 8/03/26
As Low As; Loan Term
- Oct 10, 20263.84%▲ from 3.64%
- Sep 18, 20263.64%▲ from 3.49%
- Sep 14, 20263.49%first recorded
Model Year: 2025 & Newer
Model Year: New Auto 2025 & Newer
Model Year: 2025 and newer
Model Year: 2023 and newer; 87 month term requires minimum financed amount of $25,000.; 73-84 month term requires minimum financed amount of $25,000.; Annual Percentage Rate (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be04% for 36 months.; 90 days no payment offer available to credit scores of 660 and higher. Interest accrues during the deferral period.
Model Year: New Auto 2025 & Newer
Model Year: 2024 & Older
- Oct 9, 20264.24%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As
- Oct 9, 20264.24%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As; Model Year: 2022 & Newer
Model Year: 2025 and newer
- Sep 18, 20264.25%▼ from 5.50%
- Sep 14, 20265.50%first recorded
Model Year: 2024
- Sep 18, 20264.25%▲ from 4.00%
- Sep 14, 20264.00%first recorded
As Low As; APR as low as; lowest quoted rate requires minimum credit score; ALL UNTITLED COLLATERAL WILL HAVE A 1% RATE INCREASE
No payments for 60 days. Other terms and rates available.
As Low As; Loan Term
- Oct 10, 20264.34%▲ from 4.14%
- Sep 18, 20264.14%▲ from 3.89%
- Sep 14, 20263.89%first recorded
Loan Payment Example: An Auto Loan of $33,000 at a rate of 4.24% rate (4.39% APR) for a 60-month term would result in a monthly payment of approximately $611.33.
- Oct 10, 20264.39%▼ from 5.40%
- Sep 14, 20265.40%first recorded
Model Year: New Auto 2025 & Newer
- Oct 9, 20264.49%▲ from 4.24%
- Sep 14, 20264.24%first recorded
As Low As
- Oct 9, 20264.49%▲ from 4.24%
- Sep 14, 20264.24%first recorded
Published APR range: 4.49% - 11.49%. Model Year: 2022-newer; Rates based on approved credit
As Low As; Model Year: 2021 and Newer
As Low As; Model Year: 2027-2026 New/Under 7,000 Miles; APR as low as, rate may be higher depending on credit history, term, amount financed, year and mileage
As Low As
- Oct 10, 20264.49%▲ from 4.24%
- Sep 22, 20264.24%▲ from 3.99%
- Sep 18, 20263.99%first recorded
As Low As; Model Year: 2024 or newer
Model Year: 2022 to New; Auto loan; rates listed as APR
Model Year: 2022 to New; Auto loan; rates listed as APR
Model Year: 2025 and newer
- Sep 18, 20264.50%▼ from 4.75%
- Sep 14, 20264.75%first recorded
Model Year: 2024
- Sep 18, 20264.50%▼ from 5.50%
- Sep 14, 20265.50%first recorded
As Low As; Auto loan
Current or previous year with less than 12,000; Payment: Monthly; APR Type: Fixed
As Low As; Vehicles older than 7 years prior to current year receive the "Classic" rate.
As Low As; Model Year: New Auto (2025-2026); Rates based on final LTV of less than 70%
As Low As; Model Year: Used Auto (2020-2025); Rates based on final LTV of less than 70%
As Low As; Model Years: 2021 and Newer
- Oct 9, 20264.74%▲ from 4.49%
- Sep 14, 20264.49%first recorded
As Low As
- Oct 9, 20264.74%▲ from 4.49%
- Sep 14, 20264.49%first recorded
As Low As; new up to 100% financing
As Low As; used up to 90% financing
As Low As; Model Year: 2027-2026 New/Under 7,000 Miles; APR as low as, rate may be higher depending on credit history, term, amount financed, year and mileage
As Low As; Model Year: 2026 Used
As Low As
As Low As; Model Year: 2022 & Newer
Model Year: 2022 to New; Auto loan; rates listed as APR
As Low As; Effective April 20, 2026 (subject to change)
Model Year: 2024
Model Year: 2022 - 2026; Rates effective as of 8/03/26
Model Year: 2017-2021; Rates effective as of 8/03/26
Term: 2018 - 2022 model years; Other terms and rates available.
As Low As; Loan Term
Additional APR listed for this product: 6.38%. Age of Vehicle: 0-2 years
Model Year: New Auto 2025 & Newer
Additional APR listed for this product: 6.45%. Age of Vehicle: 0-2 years
Additional APR listed for this product: 6.35%. Age of Vehicle: 0-2 years
As Low As; 2024 and newer
As Low As; 2024 and newer; Effective January 1, 2026
As Low As; Model Year: New Auto (2025-2026); Rates based on final LTV of less than 70%
As Low As; Model Year: Used Auto (2020-2025); Rates based on final LTV of less than 70%
As Low As; Model Years: 2021 and Newer
As Low As; Based on credit (Beacon) score for Equifax Credit Services
As Low As; Model Year: 2021 and newer
As Low As; APR as low as 4.99%
Credit Grade: A+; Credit Score: 730 & UP; LTV: 100%; Maximum Amount: $100,000; Price adjustment*: 1% for 2015-2011 collateral, max term 60 months; Price adjustment**: 3% for 2010-or-older collateral, max term 36 months
Published APR range: 4.99% - 11.99%. Model Year: 2022-newer; Rates based on approved credit
As Low As; Down Required: ZERO DOWN; Interest rates and down payment are subject to borrower's credit history; Max loan $100,000.00
As Low As; Down Required: ZERO DOWN; Interest rates and down payment are subject to borrower's credit history; Max loan $100,000.00
As Low As; Model Year: 2021 and Newer
As Low As; Model Year: 2020 and Older
As Low As; Model Year: 2025-2024; Vehicle Loans
As Low As; Model Year: 2027-2026 New/Under 7,000 Miles; APR as low as, rate may be higher depending on credit history, term, amount financed, year and mileage
As Low As; Model Year: 2026 Used
Model Year: 2023 and newer; 87 month term requires minimum financed amount of $25,000.; 73-84 month term requires minimum financed amount of $25,000.; Annual Percentage Rate (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be04% for 36 months.; 90 days no payment offer available to credit scores of 660 and higher. Interest accrues during the deferral period.
As Low As
As Low As
As Low As
- Oct 10, 20264.99%▲ from 4.74%
- Sep 22, 20264.74%▲ from 4.49%
- Sep 18, 20264.49%first recorded
As Low As; Model Year: 2021 - 2020
As Low As; rates start at; Effective December 15, 2025
As Low As; Models 2026 New or Used; Rates effective: September 1st, 2026
- Oct 12, 20265.00%▼ from 5.25%
- Sep 17, 20265.25%first recorded
As Low As; Model Year: 2024 or newer
Model Year: 2022 to New; Auto loan; rates listed as APR
As Low As; Effective April 20, 2026 (subject to change)
Additional APR listed for this product: 6.43%. Age of Vehicle: 0-2 years
As Low As; Minimum Value: $15,000
As Low As; Based on credit (Beacon) score for Equifax Credit Services
As Low As
Additional APR listed for this product: 6.63%. Age of Vehicle: 0-2 years
Additional APR listed for this product: 7.14%. Age of Vehicle: 3-5 years
As Low As
As Low As; Model Year: 2022 & Newer
As Low As; 2024 and newer
As Low As; 2024 and newer; Effective January 1, 2026
As Low As; Based on credit (Beacon) score for Equifax Credit Services
Additional APR listed for this product: 7.20%. Age of Vehicle: 3-5 years
Additional APR listed for this product: 7.10%. Age of Vehicle: 3-5 years
As Low As; Down Required: ZERO DOWN; Interest rates and down payment are subject to borrower's credit history; Max loan $100,000.00
Additional APR listed for this product: 6.71%. Age of Vehicle: 0-2 years
As Low As; 2020 - 2023 model years.
As Low As; 2019 - 2023 model year; Effective January 1, 2026
As Low As; Model Year: New Auto (2025-2026); Rates based on final LTV of less than 70%
As Low As
- Oct 9, 20265.24%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Model Year: 2021 and newer
As Low As; Model Year: 2021 and newer; Payment per $1,000 not included
As Low As; Model Year: 2021 and newer; Payment per $1,000 not included
Published APR range: 5.24% - 12.24%. Model Year: 2022-newer; Rates based on approved credit
As Low As; Model Year: 2021 and Newer
As Low As; Model Year: 2025-2024; Vehicle Loans
As Low As; Model Year: 2027-2026 New/Under 7,000 Miles; APR as low as, rate may be higher depending on credit history, term, amount financed, year and mileage
As Low As; Model Year: 2026 Used
As Low As; Model Year: 2026 Used
As Low As
As Low As
As Low As; Model Year: 2019 - 2017
As Low As; Model Year: 2021 - 2020
As Low As; Model Year: 2022 & Newer
As Low As; rates start at; Effective December 15, 2025
As Low As; Rates start at; effective December 15, 2025
As Low As; Models 2026 New or Used; Rates effective: September 1st, 2026
As Low As; Used Vehicle 2016-2022
Model Year: 2021 and Older; Auto loan; rates listed as APR
Model Year: 2017 or older
As Low As; APR as low as; lowest quoted rate requires minimum credit score; ALL UNTITLED COLLATERAL WILL HAVE A 1% RATE INCREASE
As Low As; Based on credit (Beacon) score for Equifax Credit Services
As Low As; Down Required: ZERO DOWN; Interest rates and down payment are subject to borrower's credit history; Max loan $100,000.00
As Low As; Down Required: ZERO DOWN; Interest rates and down payment are subject to borrower's credit history; Max loan $100,000.00
As Low As; Down Required: ZERO DOWN; Interest rates and down payment are subject to borrower's credit history; Max loan $100,000.00
Additional APR listed for this product: 7.31%. Age of Vehicle: 3-5 years
Additional APR listed for this product: 7.18%. Age of Vehicle: 3-5 years
As Low As; Loan Term
As Low As; Loan Term; **76-84 month term available for model years 2025 and newer only.
- Oct 10, 20265.34%▲ from 5.14%
- Sep 18, 20265.14%▲ from 4.89%
- Sep 14, 20264.89%first recorded
Model Year: New Auto 2025 & Newer
Additional APR listed for this product: 7.38%. Age of Vehicle: 3-5 years
Less than 6 years old; Payment: Monthly; APR Type: Fixed
w/ Max Discount: 4.89%; Save to the Max discounts do not apply to auto loans on model years 2017 and older
- Oct 13, 20265.39%▲ from 4.89%
- Sep 14, 20264.89%first recorded
As Low As
- Oct 10, 20265.39%▲ from 5.14%
- Sep 22, 20265.14%▲ from 4.89%
- Sep 18, 20264.89%first recorded
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.49%▲ from 5.39%
- Sep 18, 20265.39%first recorded
As Low As; Model Year: New Auto (2025-2026); Rates based on final LTV of less than 70%
As Low As; Model Year: Used Auto (2020-2025); Rates based on final LTV of less than 70%
As Low As; Model Years: 2021 and Newer
2021 & Newer
As Low As; Model Year: 2021 and newer
As Low As; Model Year: 2021 and newer; Payment per $1,000 not included
Credit Grade: A+; Credit Score: 730 & UP; LTV: 100%; Maximum Amount: $100,000; Price adjustment*: 1% for 2015-2011 collateral, max term 60 months; Price adjustment**: 3% for 2010-or-older collateral, max term 36 months
Credit Grade: A; Credit Score: 680 - 729; LTV: 100%; Maximum Amount: $70,000; Price adjustment*: 1% for 2015-2011 collateral, max term 60 months; Price adjustment**: 3% for 2010-or-older collateral, max term 36 months
Published APR range: 5.49% - 12.49%. Model Year: 2022-newer; Rates based on approved credit
As Low As; Model Year: 2021 and Newer; Minimum loan: $25,000
As Low As; Model Year: 2020 and Older
As Low As; Model Year: 2025-2024; Vehicle Loans
As Low As; Model Year: 2026 Used
Model Year: 2023 and newer; 87 month term requires minimum financed amount of $25,000.; 73-84 month term requires minimum financed amount of $25,000.; Annual Percentage Rate (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be04% for 36 months.; 90 days no payment offer available to credit scores of 660 and higher. Interest accrues during the deferral period.
As Low As
As Low As
As Low As
As Low As
As Low As
- Oct 10, 20265.49%▲ from 4.99%
- Sep 18, 20264.99%▲ from 4.74%
- Sep 14, 20264.74%first recorded
As Low As; rates start at; Effective December 15, 2025
As Low As; Rates start at; effective December 15, 2025
As Low As; Models 2026 New or Used; Rates effective: September 1st, 2026
- Oct 12, 20265.50%▲ from 5.25%
- Sep 17, 20265.25%first recorded
As Low As; Model Year: 2018 - 2023
As Low As; Model Year: 2024 or newer
Model Year: 2021 and Older; Auto loan; rates listed as APR
Model Year: 2022 to New; Auto loan; rates listed as APR
As Low As; Effective April 20, 2026 (subject to change)
As Low As; Effective April 20, 2026 (subject to change)
Model Year: 2017 or older
As Low As; APR as low as; lowest quoted rate requires minimum credit score; ALL UNTITLED COLLATERAL WILL HAVE A 1% RATE INCREASE
As Low As
As Low As; Model Year: 2022 & Newer
As Low As; Down Required: ZERO DOWN; Interest rates and down payment are subject to borrower's credit history; Max loan $100,000.00
As Low As; Down Required: ZERO DOWN; Interest rates and down payment are subject to borrower's credit history; Max loan $100,000.00
Additional APR listed for this product: 7.64%. Age of Vehicle: 6-10 years
As Low As; Model Year: 2021 - 2020
Current or previous year with less than 12,000; APR Type: Fixed
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
Additional APR listed for this product: 7.70%. Age of Vehicle: 6-10 years
Additional APR listed for this product: 7.60%. Age of Vehicle: 6-10 years
As Low As; Model Year: Used Auto (2020-2025); Rates based on final LTV of less than 70%
As Low As; Model Years: 2021 and Newer
As Low As
- Oct 9, 20265.74%▲ from 5.49%
- Sep 14, 20265.49%first recorded
As Low As; Model Year: 2021 and newer; Payment per $1,000 not included
Credit Grade: A+; Credit Score: 730 & UP; LTV: 100%; Maximum Amount: $100,000; Price adjustment*: 1% for 2015-2011 collateral, max term 60 months; Price adjustment**: 3% for 2010-or-older collateral, max term 36 months
Credit Grade: A; Credit Score: 680 - 729; LTV: 100%; Maximum Amount: $70,000; Price adjustment*: 1% for 2015-2011 collateral, max term 60 months; Price adjustment**: 3% for 2010-or-older collateral, max term 36 months
Published APR range: 5.74% - 12.74%. Model Year: 2022-newer; Rates based on approved credit
Published APR range: 5.74% - 12.74%. Model Year: 2017-2021; Rates based on approved credit
As Low As; Model Year: 2027-2026 New/Under 7,000 Miles; 84 months requires a 2025 or newer vehicle with minimum value and loan amount of $35,000; Mileage limitations apply
As Low As; Model Year: 2026 Used
Model Year: 2023 and newer; 87 month term requires minimum financed amount of $25,000.; 73-84 month term requires minimum financed amount of $25,000.; Annual Percentage Rate (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be04% for 36 months.; 90 days no payment offer available to credit scores of 660 and higher. Interest accrues during the deferral period.
Model Year: 2018-2022; 87 month term requires minimum financed amount of $25,000.; 73-84 month term requires minimum financed amount of $25,000.; Annual Percentage Rate (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be04% for 36 months.; 90 days no payment offer available to credit scores of 660 and higher. Interest accrues during the deferral period.
Baker New Auto Auto Loan Rates
Model Year: 2022 - 2026; Rates effective as of 8/03/26
As Low As; Loan Term
- Oct 10, 20263.84%▲ from 3.64%
- Sep 18, 20263.64%▲ from 3.49%
- Sep 14, 20263.49%first recorded
Model Year: 2025 & Newer
Model Year: New Auto 2025 & Newer
Model Year: 2023 and newer; 87 month term requires minimum financed amount of $25,000.; 73-84 month term requires minimum financed amount of $25,000.; Annual Percentage Rate (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be04% for 36 months.; 90 days no payment offer available to credit scores of 660 and higher. Interest accrues during the deferral period.
Model Year: New Auto 2025 & Newer
- Oct 9, 20264.24%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As; Model Year: 2022 & Newer
As Low As; APR as low as; lowest quoted rate requires minimum credit score; ALL UNTITLED COLLATERAL WILL HAVE A 1% RATE INCREASE
No payments for 60 days. Other terms and rates available.
As Low As; Loan Term
- Oct 10, 20264.34%▲ from 4.14%
- Sep 18, 20264.14%▲ from 3.89%
- Sep 14, 20263.89%first recorded
Model Year: New Auto 2025 & Newer
- Oct 9, 20264.49%▲ from 4.24%
- Sep 14, 20264.24%first recorded
Published APR range: 4.49% - 11.49%. Model Year: 2022-newer; Rates based on approved credit
As Low As; Model Year: 2021 and Newer
As Low As; Model Year: 2027-2026 New/Under 7,000 Miles; APR as low as, rate may be higher depending on credit history, term, amount financed, year and mileage
As Low As
- Oct 10, 20264.49%▲ from 4.24%
- Sep 22, 20264.24%▲ from 3.99%
- Sep 18, 20263.99%first recorded
As Low As; Model Year: 2024 or newer
Model Year: 2022 to New; Auto loan; rates listed as APR
Model Year: 2022 to New; Auto loan; rates listed as APR
Current or previous year with less than 12,000; Payment: Monthly; APR Type: Fixed
As Low As; Vehicles older than 7 years prior to current year receive the "Classic" rate.
As Low As; Model Year: New Auto (2025-2026); Rates based on final LTV of less than 70%
- Oct 9, 20264.74%▲ from 4.49%
- Sep 14, 20264.49%first recorded
As Low As; new up to 100% financing
As Low As; Model Year: 2027-2026 New/Under 7,000 Miles; APR as low as, rate may be higher depending on credit history, term, amount financed, year and mileage
As Low As; Model Year: 2022 & Newer
Model Year: 2022 to New; Auto loan; rates listed as APR
As Low As; Effective April 20, 2026 (subject to change)
Model Year: 2022 - 2026; Rates effective as of 8/03/26
Model Year: 2017-2021; Rates effective as of 8/03/26
Model Year: New Auto 2025 & Newer
As Low As; 2024 and newer
As Low As; 2024 and newer; Effective January 1, 2026
As Low As; Model Year: New Auto (2025-2026); Rates based on final LTV of less than 70%
As Low As; APR as low as 4.99%
Published APR range: 4.99% - 11.99%. Model Year: 2022-newer; Rates based on approved credit
As Low As; Model Year: 2021 and Newer
As Low As; Model Year: 2027-2026 New/Under 7,000 Miles; APR as low as, rate may be higher depending on credit history, term, amount financed, year and mileage
Model Year: 2023 and newer; 87 month term requires minimum financed amount of $25,000.; 73-84 month term requires minimum financed amount of $25,000.; Annual Percentage Rate (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be04% for 36 months.; 90 days no payment offer available to credit scores of 660 and higher. Interest accrues during the deferral period.
As Low As
- Oct 10, 20264.99%▲ from 4.74%
- Sep 22, 20264.74%▲ from 4.49%
- Sep 18, 20264.49%first recorded
As Low As; rates start at; Effective December 15, 2025
As Low As; Models 2026 New or Used; Rates effective: September 1st, 2026
- Oct 12, 20265.00%▼ from 5.25%
- Sep 17, 20265.25%first recorded
As Low As; Model Year: 2024 or newer
Model Year: 2022 to New; Auto loan; rates listed as APR
As Low As; Effective April 20, 2026 (subject to change)
As Low As; Minimum Value: $15,000
As Low As
As Low As
As Low As; Model Year: 2022 & Newer
As Low As; 2024 and newer
As Low As; 2024 and newer; Effective January 1, 2026
As Low As; Model Year: New Auto (2025-2026); Rates based on final LTV of less than 70%
Published APR range: 5.24% - 12.24%. Model Year: 2022-newer; Rates based on approved credit
As Low As; Model Year: 2021 and Newer
As Low As; Model Year: 2027-2026 New/Under 7,000 Miles; APR as low as, rate may be higher depending on credit history, term, amount financed, year and mileage
As Low As; Model Year: 2022 & Newer
As Low As; rates start at; Effective December 15, 2025
As Low As; Models 2026 New or Used; Rates effective: September 1st, 2026
As Low As; APR as low as; lowest quoted rate requires minimum credit score; ALL UNTITLED COLLATERAL WILL HAVE A 1% RATE INCREASE
As Low As; Loan Term; **76-84 month term available for model years 2025 and newer only.
- Oct 10, 20265.34%▲ from 5.14%
- Sep 18, 20265.14%▲ from 4.89%
- Sep 14, 20264.89%first recorded
Model Year: New Auto 2025 & Newer
w/ Max Discount: 4.89%; Save to the Max discounts do not apply to auto loans on model years 2017 and older
- Oct 13, 20265.39%▲ from 4.89%
- Sep 14, 20264.89%first recorded
As Low As
- Oct 10, 20265.39%▲ from 5.14%
- Sep 22, 20265.14%▲ from 4.89%
- Sep 18, 20264.89%first recorded
As low as; Rates displayed do not include the additional BofA RewardsTM interest rate discount up to 0.50%.
- Sep 27, 20265.49%▲ from 5.39%
- Sep 18, 20265.39%first recorded
As Low As; Model Year: New Auto (2025-2026); Rates based on final LTV of less than 70%
Published APR range: 5.49% - 12.49%. Model Year: 2022-newer; Rates based on approved credit
As Low As; Model Year: 2021 and Newer; Minimum loan: $25,000
Model Year: 2023 and newer; 87 month term requires minimum financed amount of $25,000.; 73-84 month term requires minimum financed amount of $25,000.; Annual Percentage Rate (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be04% for 36 months.; 90 days no payment offer available to credit scores of 660 and higher. Interest accrues during the deferral period.
As Low As
- Oct 10, 20265.49%▲ from 4.99%
- Sep 18, 20264.99%▲ from 4.74%
- Sep 14, 20264.74%first recorded
As Low As; rates start at; Effective December 15, 2025
As Low As; Models 2026 New or Used; Rates effective: September 1st, 2026
- Oct 12, 20265.50%▲ from 5.25%
- Sep 17, 20265.25%first recorded
As Low As; Model Year: 2024 or newer
Model Year: 2022 to New; Auto loan; rates listed as APR
As Low As; Effective April 20, 2026 (subject to change)
As Low As; APR as low as; lowest quoted rate requires minimum credit score; ALL UNTITLED COLLATERAL WILL HAVE A 1% RATE INCREASE
As Low As; Model Year: 2022 & Newer
Current or previous year with less than 12,000; APR Type: Fixed
Published APR range: 5.74% - 12.74%. Model Year: 2022-newer; Rates based on approved credit
As Low As; Model Year: 2027-2026 New/Under 7,000 Miles; 84 months requires a 2025 or newer vehicle with minimum value and loan amount of $35,000; Mileage limitations apply
Model Year: 2023 and newer; 87 month term requires minimum financed amount of $25,000.; 73-84 month term requires minimum financed amount of $25,000.; Annual Percentage Rate (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be04% for 36 months.; 90 days no payment offer available to credit scores of 660 and higher. Interest accrues during the deferral period.
Baker Used Auto Auto Loan Rates
Model Year: 2022 - 2026; Rates effective as of 8/03/26
As Low As
- Oct 9, 20264.24%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As
- Oct 9, 20264.49%▲ from 4.24%
- Sep 14, 20264.24%first recorded
As Low As; Model Year: 2021 and Newer
As Low As; Vehicles older than 7 years prior to current year receive the "Classic" rate.
As Low As; Model Year: Used Auto (2020-2025); Rates based on final LTV of less than 70%
As Low As
- Oct 9, 20264.74%▲ from 4.49%
- Sep 14, 20264.49%first recorded
As Low As; used up to 90% financing
Model Year: 2022 - 2026; Rates effective as of 8/03/26
Model Year: 2017-2021; Rates effective as of 8/03/26
Term: 2018 - 2022 model years; Other terms and rates available.
As Low As; Model Year: Used Auto (2020-2025); Rates based on final LTV of less than 70%
As Low As; Model Year: 2021 and Newer
As Low As; Models 2026 New or Used; Rates effective: September 1st, 2026
- Oct 12, 20265.00%▼ from 5.25%
- Sep 17, 20265.25%first recorded
As Low As; Minimum Value: $15,000
As Low As
As Low As
As Low As; 2020 - 2023 model years.
As Low As; 2019 - 2023 model year; Effective January 1, 2026
As Low As
- Oct 9, 20265.24%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Model Year: 2021 and Newer
As Low As; Rates start at; effective December 15, 2025
As Low As; Models 2026 New or Used; Rates effective: September 1st, 2026
As Low As; Used Vehicle 2016-2022
Less than 6 years old; Payment: Monthly; APR Type: Fixed
As Low As; Model Year: Used Auto (2020-2025); Rates based on final LTV of less than 70%
2021 & Newer
As Low As; Model Year: 2021 and Newer; Minimum loan: $25,000
As Low As; Rates start at; effective December 15, 2025
As Low As; Models 2026 New or Used; Rates effective: September 1st, 2026
- Oct 12, 20265.50%▲ from 5.25%
- Sep 17, 20265.25%first recorded
As Low As; Effective April 20, 2026 (subject to change)
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; Model Year: Used Auto (2020-2025); Rates based on final LTV of less than 70%
As Low As
- Oct 9, 20265.74%▲ from 5.49%
- Sep 14, 20265.49%first recorded
Published APR range: 5.74% - 12.74%. Model Year: 2017-2021; Rates based on approved credit
Model Year: 2018-2022; 87 month term requires minimum financed amount of $25,000.; 73-84 month term requires minimum financed amount of $25,000.; Annual Percentage Rate (APR) and terms may vary depending upon credit qualifications, age of collateral, payment protection package, and Direct Deposit of payroll, social security or retirement with AutoPay set up from a Genisys checking or savings account. Approximate monthly payment would be04% for 36 months.; 90 days no payment offer available to credit scores of 660 and higher. Interest accrues during the deferral period.
Baker, MN Auto Loan Rate Trends
Compare local Baker, MN 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.
Minnesota new auto rates rose 0.007 points over the past 7 days to 5.177% APR.
Minnesota used auto rates fell 0.020 points over the past 7 days to 5.777% APR.
Baker, MN 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 Minnesota 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 Minnesota 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 @ 5.18% APR MN average | Used Auto @ 5.78% APR MN average | Monthly Difference |
|---|---|---|---|
| $15,000 | $284.28/mo | $288.44/mo | $4.16/mo |
| $25,000 | $473.81/mo | $480.74/mo | $6.93/mo |
| $35,000 | $663.33/mo | $673.03/mo | $9.70/mo |
| $45,000 | $852.85/mo | $865.33/mo | $12.48/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 Baker, Minnesota
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Baker, Minnesota 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 Minnesota. 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 Baker, Minnesota 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: Baker, Minnesota CD rates lock in a guaranteed return until you’re ready to buy
Minnesota Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau (state-level data shown; city data not available)
A $569 monthly car payment works out to roughly 13.4% of the median individual income in Minnesota. 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 Baker, Minnesota, 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 Baker, Minnesota. We’ve prefilled the APR with today’s MN 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 Baker, Minnesota 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 Baker, Minnesota 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 Baker, Minnesota. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in MN.
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 Baker, Minnesota
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 Baker, Minnesota
How does my credit score affect my car loan rate in Minnesota?
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 Baker, Minnesota?
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 Baker, Minnesota?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Baker, Minnesota?
- Carpenters Federal Credit Union: 3.79% (2022 - 2026 New & Used Vehicles Loan)
- Baxter Credit Union: 3.84% (Auto Loans - 2025 & Newer)
- Hometown Federal Credit Union: 3.99% (Auto Loans - 2025 & Newer)
- Credit Union 1 Credit Union Rantoul, IL: 3.99% (New Auto 2025 & Newer - 36 Months)
- Federated Employees Credit Union: 4.00% (Auto Loan)
Baker, Minnesota Rates & Resources
