Auto Loan Rates in Elgin, Minnesota (MN) for June 2026
Brian McKay
Brian McKay
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Current auto loan rates in Elgin, Minnesota include Federated Employees Credit UnionFederated Employees Credit UnionA+5.0 ★Texas Ratio: 1.36% offering Auto Loan 36-Month 2025 and newer at 4.00%, Carpenters Federal Credit UnionCarpenters Federal Credit UnionA+5.0 ★Texas Ratio: 1.73% offering 2022 - 2026 New & Used Vehicles Loan at 4.04%, Baxter Credit UnionBaxter Credit UnionA5.0 ★Texas Ratio: 7.04% offering Auto Loans at 4.14%, Minnesota Catholic Credit UnionMinnesota Catholic Credit UnionA+5.0 ★Texas Ratio: 0.77% offering New Autos 2022-newer at 4.49%, Teamsters Credit Union Blaine, MNTeamsters Credit Union Blaine, MNA+5.0 ★Texas Ratio: 4.33% offering Vehicle Loans 2024 or newer at 4.50%. Auto loan rates as of June 16, 2026 according to verified data from MonitorBankRates.
Elgin borrowers have access to 20 lenders serving the Minnesota area, with auto loan rates as low as 4.00% APR from Federated Employees Credit Union. 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 Elgin, Minnesota. Auto Loan Rates Last Updated and Verified: June 16, 2026
Compare Auto Loan Rates Today in Elgin, Minnesota & Surrounding Area
Elgin Auto Loan Rates
As Low As; 2026 & Newer
As Low As
2022 and newer
Model Years: 2021 - 2026
As Low As; Payment Example (per $1,000 borrowed): $29.85
Rates start at; Your actual rate may be different depending on your payment and credit history.
rates start at. Loan rates given are Annual Percentage Rates (APR). All rates and terms are effective as of April 20, 2026, and are subject to change without notice. Your actual loan rate may be different depending on your payment and credit history. Some restrictions may apply. New or existing membership at NCCYou is required.
2022 and newer
As Low As
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types.
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types.
As Low As
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types.
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types. Vehicles older than 7 years prior to current year receive the "Classic" rate.
2024 - 2026 model years.
As Low As; Payment Example (per $1,000 borrowed): $23.02
As Low As; Based On Credit (Beacon) Score for Equifax Credit Services
2024 - 2025
As Low As; *
Rates start at
As Low As; Models 2024 -2026
As Low As
As Low As
Rates start at; Your actual rate may be different depending on your payment and credit history.
2022 and newer
As Low As; Based On Credit (Beacon) Score for Equifax Credit Services
As Low As; 2023 - 2025*
2021 and older
2024 - 2026 model years.
As Low As; Based On Credit (Beacon) Score for Equifax Credit Services
Model Years: 2021 - 2026
As Low As; Model Years: 2020 or Older
2020 - 2023 model years.
2022 and newer
Rates start at
Used Auto - rates start at
As Low As; Models 2024 -2026
As Low As; *
As Low As; Based On Credit (Beacon) Score for Equifax Credit Services
2021 and older
Model Years: 2021 - 2026
As Low As; Payment Example (per $1,000 borrowed): $19.10
2021 - 2023
2021 and older
Rates start at
Used Auto - rates start at
As Low As; Models 2024 -2026
As Low As
As Low As
Rates start at; Your actual rate may be different depending on your payment and credit history.
Rates start at; Your actual rate may be different depending on your payment and credit history.
2021 and older
2019 - 2020
Model Years: 2021 - 2026
As Low As; Model Years: 2020 or Older
As Low As; Payment Example (per $1,000 borrowed): $16.45
Rates start at
Used Auto - rates start at
As Low As; *
As Low As; *
Rates start at; Your actual rate may be different depending on your payment and credit history.
Rates start at; Your actual rate may be different depending on your payment and credit history.
must be 2022 or newer**
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types.
as low as
As Low As; Payment Example (per $1,000 borrowed): $14.60
Rates start at
Used Auto - rates start at
As Low As
Rates start at; Your actual rate may be different depending on your payment and credit history.
As Low As
2018 & Older (Rate + $5,000)
$5,000
As Low As; Model Years: 2020 or Older
As Low As; Payment Example (per $1,000 borrowed): $30.53
Rates start at
Used Auto - rates start at
As Low As; Models 2024 -2026
As Low As; *
Rates start at; Your actual rate may be different depending on your payment and credit history.
Rates start at; Your actual rate may be different depending on your payment and credit history.
As Low As; Payment Example (per $1,000 borrowed): $24.71
Used Auto - rates start at
As Low As
As Low As;*
As Low As; *
Rates start at; Your actual rate may be different depending on your payment and credit history.
2018 & Older (Rate - $5,000)
$5,000
As Low As; Payment Example (per $1,000 borrowed): $19.80
Model 2023
as low as
As Low As
Rates start at; Your actual rate may be different depending on your payment and credit history.
*GAP Insurance purchased through the credit union is required
As Low As; Payment Example (per $1,000 borrowed): $17.16
As Low As; *
As Low As; *
Rates start at; Your actual rate may be different depending on your payment and credit history.
As Low As; Payment Example (per $1,000 borrowed): $15.33
As Low As; Models 2024 -2026
As Low As;*
Model 2019 -2020
As Low As; *
As Low As; Maximum Secured Loan $40,000, Maximum aggregate loan amount not to exceed $49,999. A minimum of 20% down payment is required. Loans are not eligible for discounts, GAP, MRC or credit life/disability. Approximate monthly payment would be $20.63 per $1,000 borrowed at 8.74% for 60 months.
as low as
as low as
as low as
Elgin New Auto Auto Loan Rates
As Low As
Model Years: 2021 - 2026
As Low As; Payment Example (per $1,000 borrowed): $29.85
Rates start at; Your actual rate may be different depending on your payment and credit history.
rates start at. Loan rates given are Annual Percentage Rates (APR). All rates and terms are effective as of April 20, 2026, and are subject to change without notice. Your actual loan rate may be different depending on your payment and credit history. Some restrictions may apply. New or existing membership at NCCYou is required.
As Low As
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types.
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types.
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types.
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types. Vehicles older than 7 years prior to current year receive the "Classic" rate.
2024 - 2026 model years.
As Low As; Payment Example (per $1,000 borrowed): $23.02
As Low As; *
Rates start at
As Low As; Models 2024 -2026
As Low As
As Low As
Rates start at; Your actual rate may be different depending on your payment and credit history.
2024 - 2026 model years.
Model Years: 2021 - 2026
Rates start at
As Low As; Models 2024 -2026
Model Years: 2021 - 2026
As Low As; Payment Example (per $1,000 borrowed): $19.10
Rates start at
As Low As; Models 2024 -2026
As Low As
Rates start at; Your actual rate may be different depending on your payment and credit history.
Model Years: 2021 - 2026
As Low As; Payment Example (per $1,000 borrowed): $16.45
Rates start at
As Low As; *
Rates start at; Your actual rate may be different depending on your payment and credit history.
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types.
As Low As; Payment Example (per $1,000 borrowed): $14.60
Rates start at
Rates start at
As Low As; Models 2024 -2026
As Low As; *
Rates start at; Your actual rate may be different depending on your payment and credit history.
Rates start at; Your actual rate may be different depending on your payment and credit history.
*GAP Insurance purchased through the credit union is required
As Low As; *
As Low As; Models 2024 -2026
Elgin Used Auto Auto Loan Rates
As Low As
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types.
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types.
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types.
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types. Vehicles older than 7 years prior to current year receive the "Classic" rate.
2024 - 2025
As Low As; Models 2024 -2026
As Low As; Model Years: 2020 or Older
2020 - 2023 model years.
Used Auto - rates start at
As Low As; Models 2024 -2026
As Low As; *
2021 - 2023
Used Auto - rates start at
As Low As; Models 2024 -2026
Rates start at; Your actual rate may be different depending on your payment and credit history.
2019 - 2020
As Low As; Model Years: 2020 or Older
Used Auto - rates start at
As Low As; *
Rates start at; Your actual rate may be different depending on your payment and credit history.
As Low As; 0.25% reduction when the loan amount financed is 80% or less of the NADA retail, MSRP, or applicable value. 0.50% electronic payment such as direct deposit, payroll deduction, or automatic withdrawal, which is also reflected in the advertised rate. If electronic payments are discontinued, the loan rate will increase 0.50%. Discount is not available on all loan types.
as low as
Used Auto - rates start at
Rates start at; Your actual rate may be different depending on your payment and credit history.
2018 & Older (Rate + $5,000)
$5,000
As Low As; Model Years: 2020 or Older
Used Auto - rates start at
As Low As; Models 2024 -2026
Rates start at; Your actual rate may be different depending on your payment and credit history.
Used Auto - rates start at
As Low As; *
2018 & Older (Rate - $5,000)
$5,000
Model 2023
as low as
Rates start at; Your actual rate may be different depending on your payment and credit history.
*GAP Insurance purchased through the credit union is required
As Low As; *
Rates start at; Your actual rate may be different depending on your payment and credit history.
As Low As; Models 2024 -2026
Model 2019 -2020
As Low As; *
as low as
as low as
as low as
Elgin, MN Auto Loan Rate Trends
Compare local Elgin, 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 0.271 points over the past 7 days to 5.533% APR.
Minnesota used auto rates rose 0.640 points over the past 7 days to 6.836% APR.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Elgin, 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 Elgin, 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 Elgin, 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.
Frequently Asked Questions about Auto Loans in Elgin, 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?
What are the best Auto Loan rates in Elgin, Minnesota?
- Federated Employees Credit Union: 4.00% (Auto Loan 36-Month 2025 and newer)
- Carpenters Federal Credit Union: 4.04% (2022 - 2026 New & Used Vehicles Loan)
- Baxter Credit Union: 4.14% (Auto Loans)
- Minnesota Catholic Credit Union: 4.49% (New Autos 2022-newer)
- Teamsters Credit Union Blaine, MN: 4.50% (Vehicle Loans 2024 or newer)
