Franklin, Ohio Best Auto Loan Rates - October 2026
Brian McKay
Brian McKay
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Franklin, Ohio auto loan rates from lenders serving Ohio range from 2.50% to 5.24% APR, verified by MonitorBankRates as of October 13, 2026. Current auto loan rates in Franklin, Ohio include YTR Community Federal Credit UnionYTR Community Federal Credit UnionA+5.0 ★Texas Ratio: 4.80% offering New Auto (2022-Newer) at 2.50%, United Federal Credit UnionUnited Federal Credit UnionA+5.0 ★Texas Ratio: 4.11% offering Fixed Rate New & Used Auto Loans at 2.99%, Baxter Credit UnionBaxter Credit UnionA5.0 ★Texas Ratio: 6.31% offering Auto Loans - 2025 & Newer at 3.84%, Navy Federal Credit UnionNavy Federal Credit UnionA5.0 ★Texas Ratio: 8.14% offering New Auto Loan at 3.89%, LAKEVIEWLAKEVIEWA+5.0 ★Texas Ratio: 0.78% offering New Auto 2026/27 at 3.99%. Auto loan rates as of October 13, 2026 according to verified data from MonitorBankRates.
Franklin borrowers have access to 60 lenders serving the Ohio area, with auto loan rates as low as 2.50% APR from YTR Community 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 Franklin, Ohio. Auto Loan Rates Last Updated and Verified: October 13, 2026
Compare Auto Loan Rates Today in Franklin, Ohio & Surrounding Area
Franklin Auto Loan Rates
Credit Grade: A++ (750+)
Credit Grade: A+ (720-749)
Credit Grade: A++ (750+)
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
Credit Grade: A+ (720-749)
Credit Grade: A++ (750+)
Credit Grade: A+ (720-749)
Credit Grade: A++ (750+)
Credit Grade: A+ (720-749)
Credit Grade: A++ (750+)
Credit Grade: A (650-719)
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
As Low As
As Low As; Rates subject to change.
As Low As
As Low As
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
Credit Grade: A (650-719)
Credit Grade: A+ (720-749)
Credit Tier: A+ 720-749
- Sep 17, 20264.00%▼ from 7.00%
- Sep 14, 20267.00%first recorded
Credit Tier: A++ 750+
- Sep 17, 20264.00%▼ from 5.25%
- Sep 14, 20265.25%first recorded
Term: 36 Months - 63 Months; As Low As
Term: 36 Months - 63 Months; As Low As
As low as
Published APR range: 4.19% - 16.99%. Year: 2025-2026
New vehicles; 110% financing; any vehicle with EPA estimated mileage of 35MPG/City or HYBRID
As Low As; Up to 100% Financing; Model Year: 2023 & Newer; Rates as of April 1, 2026
Additional APR listed for this product: 4.74%. Sample monthly payment for a loan of $20,000 and a term of 72 months at 4.25% APR would be approximately $315.19; at 4.74% APR would be approximately $319.69. Your actual rate and payment amount may be different as determined by your collateral, term, loan amount and credit qualifications. All rates and promotions subject to change without notice.
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
Credit Grade: A (650-719)
Credit Tier: A+ 720-749
- Sep 17, 20264.25%▼ from 5.25%
- Sep 14, 20265.25%first recorded
Credit Tier: A++ 750+
- Sep 17, 20264.25%▼ from 4.50%
- Sep 14, 20264.50%first recorded
Qualifications Required: Credit score of 660 or higher; Vehicles 2019 and newer have an interest rate of 3.99% (APR: 4.260%*) when you have a credit score of 660 or higher. *APR based on a $30,000.00 loan with a $199.00 closing fee for 72 months. See loan dept. for details.
As Low As
As Low As; Rates subject to change.
As Low As; * Rates are subject to change without notice.
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
As Low As; Auto loan APR
APR (As low as); Estimated payment per $1000: $22.80
As Low As; Rate assumes loan to value of 100% or less and term of 60 months or less. Not all borrowers will qualify for the lowest interest rate.
Minimum Loan Amount $4,000
Additional APR listed for this product: 9.99%, 10.51%. As Low As; Rate includes a .25% discount for having payroll deposit or electronic payment. Additional terms and rates are available, new money only. This is a limited time offer, loan approval is not guaranteed. Standard underwriting criteria, terms and conditions apply. This promotion cannot be combined with any other loan discounts.
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
- Oct 13, 20264.50%▼ from 6.50%
- Sep 17, 20266.50%first recorded
Score: 680 - 729; Grade of Paper: A; Effective October 1, 2026
Score: 680 - 729; Grade of Paper: A; Effective October 1, 2026
Actual Rate is based on your Credit Score (rates listed = 740+ credit score). Add 0.25%/0.26% if payments are NOT made by payroll deduction or ACH.
- Oct 5, 20264.50%▲ from 4.25%
- Sep 29, 20264.25%first recorded
Same tiers as New Vehicle; 100% of payoff; 740+ credit score. Add .25/.26 if payments are not made by payroll deduction or ACH.
Credit Grade: A (650-719)
Credit Grade: A++ (750+)
Credit Grade: A++ (750+)
Credit Tier: A+ 720-749
As Low As; All loans subject to credit approval within underwriting guidelines. Rates change without notice. Please contact OTCU for details.
As Low As; Vehicle age: 1-7 years old; New: 100% financing; Used: 100% of NADA Avg. Retail
As Low As; Vehicle age: 1-7 years old; New: 100% financing; Used: 100% of NADA Avg. Retail
As Low As; Vehicle age: 1-5 years old; New: 100% financing; Used: 100% of NADA Avg. Retail
over $20,000; As Low As
As Low As; * Rates are subject to change without notice.
As Low As; * Rates are subject to change without notice.
As Low As; * Rates are subject to change without notice.
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
Maximum term footnote: Minimum $25,000.00 loan amount to be eligible for 84 month term (2023 & Newer Only); APR based on $20,000.00 loan with $125.00 Loan Origination Fee, $35.06 VSI Premium and 60 Month Term
As Low As
As Low As; Rates subject to change.
As Low As; 100% Financing; Rates effective 1-2-26. Payment example of 4.59% APR for 36 months would be $250 cash applies only to approved vehicle and motorcycle loans. This $250 cash offer is good for 2018-2026 vehicles on approved new loans or refinanced loans from other financial institutions. Limited time offer; terms and conditions subject to change without notice.
Rates as low at 4.59%APR*; Affordable Payment Options; No Application Fees or Hidden Charges; $250 Cash just for Switching; Just bring in your VIN Number, Insurance Information, and Contact Information from Your Current Financial Institution!; Rates Effective January 2, 2026; All loans subject to credit approval. 4.59% APR is based on 2025-2026 vehicles financed for 36 months. Rates subject to changes without notice. Additional rates and terms available. A payment example of 4.59% APR for 36 months would be Contact the Credit Union for additional rate information. $50 minimum payment. $250 cash applies only to approved vehicle and motorcycle loans. Terms and rates not available for purchase or refinance of commercial use vehicles. This $250 cash offer is good for 2018-2026 vehicles on approved new loans or refinanced loans from other financial institutions. $250 cash may be subject to income tax and reimbursement if the loan is paid off within the first 90 days. Please consult your tax advisor. Limited time offer; terms and conditions subject to change without notice. Federally insured by NCUA. Membership eligibility required.
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
As Low As; Model Year: New - 2024
As Low As; Model Year: New - 2024
Minimum Loan Amount $7,500
As Low As; Model Year: New - 2024
As Low As; Automobile loan; Based on 730+ credit score
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2021; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Years: 2024 and Newer; Daily Periodic Rate as low as .012986%
As Low As; Model Years: 2017-2019; Daily Periodic Rate as low as .012986%
As Low As; Model Years: 2020-2021; Daily Periodic Rate as low as .012986%
As Low As; Model Years: 2022 and Newer; Daily Periodic Rate as low as .012986%
As Low As; Model Years: 2024 and Newer; Daily Periodic Rate as low as: .012986%
As Low As; Model Years: 2022 and Newer; Daily Periodic Rate as low as: .012986%
As Low As; Model Years: 2020-2021; Daily Periodic Rate as low as: .012986%
As Low As; Model Years: 2017-2019; Daily Periodic Rate as low as: .012986%
Rates Current as of April 1, 2026. Rates subject to change with out notice. Please check with our Loan Department for current information.
As Low As; *
As Low As; Rates subject to change at any time. All loans subject to approval and terms. Rates include all possible discounts. Contact us to determine which discounts apply to you.
Published rate range: 4.75% - 17.99%.
Model Year: 2021 - NEW; Credit Tier: Platinum (750 - Above)
Model Year: 2021 - NEW; Credit Tier: Platinum (750 - Above)
Model Year: 2021 - NEW; Credit Tier: Platinum (750 - Above)
Score: 680 - 729; Grade of Paper: A; Effective October 1, 2026
Score: 680 - 729; Grade of Paper: A; Effective October 1, 2026
- Oct 13, 20264.75%▼ from 6.50%
- Sep 17, 20266.50%first recorded
Actual Rate is based on your Credit Score (rates listed = 740+ credit score). Add 0.25%/0.26% if payments are NOT made by payroll deduction or ACH.
- Oct 5, 20264.75%▲ from 4.50%
- Sep 29, 20264.50%first recorded
Same tiers as New Vehicle; 100% of payoff; 740+ credit score. Add .25/.26 if payments are not made by payroll deduction or ACH.
Credit Grade: A+ (720-749)
Credit Grade: A++ (750+)
Credit Grade: A+ (720-749)
Credit Tier: A 650-719
- Sep 17, 20264.75%▼ from 6.75%
- Sep 14, 20266.75%first recorded
Credit Tier: A++ 750+
- Sep 17, 20264.75%▼ from 6.00%
- Sep 14, 20266.00%first recorded
Published rate range: 4.75% - 18%. Rates effective June 18, 2026; Rates based on credit history evaluation
over $20,000; As Low As
Credit Score: A+ 740+; *With .50% discount for Automatic Payments or Direct Deposit
Credit Score: A+ 740+
Term: 72 Months (New from Dealership)
Term: 72 Months (New from Dealership)
Term: 72 Months (New from Dealership)
As Low As
As Low As; Rates subject to change.
As Low As; Model Year: 2023 - 2021
As Low As; Lowest rate requires a direct deposit in place prior to loan disbursement; APR based on financing $25,000 for 60 months; $50 processing fee included in APR
As Low As; Loan Term
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20264.85%▲ from 3.80%
- Sep 17, 20263.80%first recorded
As Low As; Automobile loan; Based on 730+ credit score
As Low As; Model Year: New - 2024
Minimum Loan Amount $10,000
As Low As; Rates effective as of 11/03/25
As Low As; Rates effective as of 11/03/25
As Low As; Rates effective as of 11/03/25
As Low As; 60 Months fixed; More Info
As Low As; Model Year: 2023 - 2021
As Low As; Year: 2016-2018; APR starting at; Rate based on creditworthiness and term of loan
As Low As; Year: 2019-2023; APR starting at; Rate based on creditworthiness and term of loan
over $15,000; As Low As; Year: 2024(over $15,000); APR starting at; Rate based on creditworthiness and term of loan
over $30,000; As Low As; Year: 2025(over $30,000); APR starting at; Rate based on creditworthiness and term of loan
As Low As; Year: 2025-2026(new/untitled); APR starting at; Rate based on creditworthiness and term of loan
APR (As low as); Estimated payment per $1000: $17.36
As Low As; APR includes automatic payment discount; Term & Loan-to-Value limitations apply; Rates subject to change
Auto Loan Rates
- Oct 5, 20264.99%▲ from 4.64%
- Sep 14, 20264.64%first recorded
$25,000; As Low As
over $25,000; As Low As
Published APR range: 4.99% - 15.44%.
As Low As; *
As Low As
Note: Rate dependent on account held as collateral.
Rates As Low As
- Oct 10, 20264.99%▲ from 4.74%
- Sep 14, 20264.74%first recorded
Rates As Low As
- Oct 10, 20264.99%▲ from 4.74%
- Sep 14, 20264.74%first recorded
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20265.00%▲ from 4.05%
- Sep 17, 20264.05%first recorded
As Low As; Vehicle year 2025 - 2026; Maximum Term in Years: 3; best rates based on approved credit, reflects maximum relationship discount of 1.00%
- Oct 12, 20265.00%▼ from 5.50%
- Oct 8, 20265.50%first recorded
As Low As; Vehicle year 2025 - 2026; Maximum Term in Years: 4; best rates based on approved credit, reflects maximum relationship discount of 1.00%
- Oct 12, 20265.00%▼ from 5.50%
- Oct 8, 20265.50%first recorded
Beacon Score: 725+; Used cars will be given average trade in value in NADA book
Daily Periodic Rate: Starting @ 0.01370%
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
- Oct 13, 20265.00%▼ from 7.00%
- Sep 17, 20267.00%first recorded
Credit Grade: A (650-719)
Credit Grade: A++ (750+)
Credit Grade: A++ (750+)
- Sep 25, 20265.00%▼ from 14.25%
- Sep 21, 202614.25%▲ from 5.00%
- Sep 17, 20265.00%first recorded
Credit Grade: A+ (720-749)
Credit Tier: A 650-719
- Sep 17, 20265.00%▼ from 7.00%
- Sep 14, 20267.00%first recorded
Credit Tier: A+ 720-749
- Sep 17, 20265.00%▼ from 6.00%
- Sep 14, 20266.00%first recorded
Credit Rating: A+; Mileage: 6,000 Miles or Less; Model Year: 2026 - 2027 New; Rates effective 7/14/2026
As Low As; Automobile loan; Based on 730+ credit score
As Low As; * Rates are subject to change without notice.
As Low As; 4.29%
As Low As; Based on TruePerks membership and credit score of 700 or better
2023 or Newer
As Low As; 4.49%
As Low As
As Low As
As Low As
As Low As; 4.69%
As Low As; Buy that new vehicle you've been wanting!
- Oct 5, 20265.15%▲ from 5.10%
- Sep 21, 20265.10%first recorded
As Low As; Great rates on used autos too!
- Oct 5, 20265.15%▲ from 5.10%
- Sep 21, 20265.10%first recorded
- Sep 27, 20265.18%▲ from 4.93%
- Sep 14, 20264.93%first recorded
As low as
Minimum Loan Amount $15,000
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
- Sep 27, 20265.21%▲ from 4.96%
- Sep 14, 20264.96%first recorded
2025 & Newer Model Years; up to 110% Price/NADA Retail Value
As Low As; APR* (As low as); Estimated payment per $1000: $17.48; APR = Annual percentage rate. Rates may vary.
As Low As; APR includes automatic payment discount; Term & Loan-to-Value limitations apply; Rates subject to change
As Low As; APR includes automatic payment discount; Term & Loan-to-Value limitations apply
As Low As; 1st Time Car Buyer Program; As of 10/01/2026; Qualifications apply
As Low As; Model Years: 2024 and Newer; Daily Periodic Rate as low as .014356%
As Low As; Model Years: 2017-2019; Daily Periodic Rate as low as .014356%
As Low As; Model Years: 2020-2021; Daily Periodic Rate as low as .014356%
As Low As; Model Years: 2022 and Newer; Daily Periodic Rate as low as .014356%
As Low As; Model Years: 2024 and Newer; Daily Periodic Rate as low as: .014356%
As Low As; Model Years: 2022 and Newer; Daily Periodic Rate as low as: .014356%
As Low As; Model Years: 2020-2021; Daily Periodic Rate as low as: .014356%
As Low As; Model Years: 2017-2019; Daily Periodic Rate as low as: .014356%
Franklin New Auto Auto Loan Rates
Credit Grade: A++ (750+)
Credit Grade: A+ (720-749)
Credit Grade: A++ (750+)
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
Credit Grade: A+ (720-749)
Credit Grade: A++ (750+)
Credit Grade: A+ (720-749)
Credit Grade: A++ (750+)
Credit Grade: A+ (720-749)
Credit Grade: A++ (750+)
Credit Grade: A (650-719)
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
As Low As
As Low As; Rates subject to change.
As Low As
As Low As
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
Credit Grade: A (650-719)
Credit Grade: A+ (720-749)
Term: 36 Months - 63 Months; As Low As
Term: 36 Months - 63 Months; As Low As
As low as
As Low As; Up to 100% Financing; Model Year: 2023 & Newer; Rates as of April 1, 2026
Additional APR listed for this product: 4.74%. Sample monthly payment for a loan of $20,000 and a term of 72 months at 4.25% APR would be approximately $315.19; at 4.74% APR would be approximately $319.69. Your actual rate and payment amount may be different as determined by your collateral, term, loan amount and credit qualifications. All rates and promotions subject to change without notice.
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
Credit Grade: A (650-719)
As Low As
As Low As; Rates subject to change.
As Low As; * Rates are subject to change without notice.
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
As Low As; Auto loan APR
APR (As low as); Estimated payment per $1000: $22.80
As Low As; Rate assumes loan to value of 100% or less and term of 60 months or less. Not all borrowers will qualify for the lowest interest rate.
Minimum Loan Amount $4,000
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
- Oct 13, 20264.50%▼ from 6.50%
- Sep 17, 20266.50%first recorded
Score: 680 - 729; Grade of Paper: A; Effective October 1, 2026
Score: 680 - 729; Grade of Paper: A; Effective October 1, 2026
Actual Rate is based on your Credit Score (rates listed = 740+ credit score). Add 0.25%/0.26% if payments are NOT made by payroll deduction or ACH.
- Oct 5, 20264.50%▲ from 4.25%
- Sep 29, 20264.25%first recorded
Same tiers as New Vehicle; 100% of payoff; 740+ credit score. Add .25/.26 if payments are not made by payroll deduction or ACH.
Credit Grade: A (650-719)
Credit Grade: A++ (750+)
As Low As; Vehicle age: 1-7 years old; New: 100% financing; Used: 100% of NADA Avg. Retail
As Low As; Vehicle age: 1-7 years old; New: 100% financing; Used: 100% of NADA Avg. Retail
As Low As; Vehicle age: 1-5 years old; New: 100% financing; Used: 100% of NADA Avg. Retail
over $20,000; As Low As
As Low As; * Rates are subject to change without notice.
As Low As; * Rates are subject to change without notice.
As Low As; * Rates are subject to change without notice.
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
Maximum term footnote: Minimum $25,000.00 loan amount to be eligible for 84 month term (2023 & Newer Only); APR based on $20,000.00 loan with $125.00 Loan Origination Fee, $35.06 VSI Premium and 60 Month Term
As Low As
As Low As; Rates subject to change.
As Low As; 100% Financing; Rates effective 1-2-26. Payment example of 4.59% APR for 36 months would be $250 cash applies only to approved vehicle and motorcycle loans. This $250 cash offer is good for 2018-2026 vehicles on approved new loans or refinanced loans from other financial institutions. Limited time offer; terms and conditions subject to change without notice.
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
Minimum Loan Amount $7,500
As Low As; Automobile loan; Based on 730+ credit score
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2021; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Years: 2024 and Newer; Daily Periodic Rate as low as .012986%
As Low As; Model Years: 2017-2019; Daily Periodic Rate as low as .012986%
As Low As; Model Years: 2020-2021; Daily Periodic Rate as low as .012986%
As Low As; Model Years: 2022 and Newer; Daily Periodic Rate as low as .012986%
As Low As; Model Years: 2024 and Newer; Daily Periodic Rate as low as: .012986%
As Low As; *
Score: 680 - 729; Grade of Paper: A; Effective October 1, 2026
Score: 680 - 729; Grade of Paper: A; Effective October 1, 2026
- Oct 13, 20264.75%▼ from 6.50%
- Sep 17, 20266.50%first recorded
Actual Rate is based on your Credit Score (rates listed = 740+ credit score). Add 0.25%/0.26% if payments are NOT made by payroll deduction or ACH.
- Oct 5, 20264.75%▲ from 4.50%
- Sep 29, 20264.50%first recorded
Same tiers as New Vehicle; 100% of payoff; 740+ credit score. Add .25/.26 if payments are not made by payroll deduction or ACH.
Credit Grade: A+ (720-749)
Published rate range: 4.75% - 18%. Rates effective June 18, 2026; Rates based on credit history evaluation
over $20,000; As Low As
Credit Score: A+ 740+; *With .50% discount for Automatic Payments or Direct Deposit
As Low As; Lowest rate requires a direct deposit in place prior to loan disbursement; APR based on financing $25,000 for 60 months; $50 processing fee included in APR
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20264.85%▲ from 3.80%
- Sep 17, 20263.80%first recorded
As Low As; Automobile loan; Based on 730+ credit score
Minimum Loan Amount $10,000
As Low As; Rates effective as of 11/03/25
As Low As; Rates effective as of 11/03/25
As Low As; Rates effective as of 11/03/25
As Low As; 60 Months fixed; More Info
As Low As; Year: 2025-2026(new/untitled); APR starting at; Rate based on creditworthiness and term of loan
APR (As low as); Estimated payment per $1000: $17.36
As Low As; APR includes automatic payment discount; Term & Loan-to-Value limitations apply; Rates subject to change
Auto Loan Rates
- Oct 5, 20264.99%▲ from 4.64%
- Sep 14, 20264.64%first recorded
$25,000; As Low As
over $25,000; As Low As
Published APR range: 4.99% - 15.44%.
As Low As; *
As Low As
Rates As Low As
- Oct 10, 20264.99%▲ from 4.74%
- Sep 14, 20264.74%first recorded
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20265.00%▲ from 4.05%
- Sep 17, 20264.05%first recorded
As Low As; Vehicle year 2025 - 2026; Maximum Term in Years: 3; best rates based on approved credit, reflects maximum relationship discount of 1.00%
- Oct 12, 20265.00%▼ from 5.50%
- Oct 8, 20265.50%first recorded
As Low As; Vehicle year 2025 - 2026; Maximum Term in Years: 4; best rates based on approved credit, reflects maximum relationship discount of 1.00%
- Oct 12, 20265.00%▼ from 5.50%
- Oct 8, 20265.50%first recorded
Daily Periodic Rate: Starting @ 0.01370%
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
- Oct 13, 20265.00%▼ from 7.00%
- Sep 17, 20267.00%first recorded
Credit Grade: A (650-719)
Credit Rating: A+; Mileage: 6,000 Miles or Less; Model Year: 2026 - 2027 New; Rates effective 7/14/2026
As Low As; Automobile loan; Based on 730+ credit score
As Low As; * Rates are subject to change without notice.
As Low As; Based on TruePerks membership and credit score of 700 or better
As Low As; Buy that new vehicle you've been wanting!
- Oct 5, 20265.15%▲ from 5.10%
- Sep 21, 20265.10%first recorded
- Sep 27, 20265.18%▲ from 4.93%
- Sep 14, 20264.93%first recorded
Minimum Loan Amount $15,000
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
- Sep 27, 20265.21%▲ from 4.96%
- Sep 14, 20264.96%first recorded
2025 & Newer Model Years; up to 110% Price/NADA Retail Value
As Low As; APR includes automatic payment discount; Term & Loan-to-Value limitations apply; Rates subject to change
As Low As; 1st Time Car Buyer Program; As of 10/01/2026; Qualifications apply
As Low As; Model Years: 2024 and Newer; Daily Periodic Rate as low as .014356%
As Low As; Model Years: 2017-2019; Daily Periodic Rate as low as .014356%
As Low As; Model Years: 2020-2021; Daily Periodic Rate as low as .014356%
As Low As; Model Years: 2022 and Newer; Daily Periodic Rate as low as .014356%
As Low As; Model Years: 2024 and Newer; Daily Periodic Rate as low as: .014356%
Franklin Used Auto Auto Loan Rates
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
Credit Tier: A+ 720-749
- Sep 17, 20264.00%▼ from 7.00%
- Sep 14, 20267.00%first recorded
Credit Tier: A++ 750+
- Sep 17, 20264.00%▼ from 5.25%
- Sep 14, 20265.25%first recorded
Term: 36 Months - 63 Months; As Low As
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
Credit Tier: A+ 720-749
- Sep 17, 20264.25%▼ from 5.25%
- Sep 14, 20265.25%first recorded
Credit Tier: A++ 750+
- Sep 17, 20264.25%▼ from 4.50%
- Sep 14, 20264.50%first recorded
Minimum Loan Amount $4,000
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
- Oct 13, 20264.50%▼ from 6.50%
- Sep 17, 20266.50%first recorded
Score: 680 - 729; Grade of Paper: A; Effective October 1, 2026
Score: 680 - 729; Grade of Paper: A; Effective October 1, 2026
Credit Grade: A++ (750+)
Credit Tier: A+ 720-749
As Low As; Vehicle age: 1-7 years old; New: 100% financing; Used: 100% of NADA Avg. Retail
As Low As; Vehicle age: 1-7 years old; New: 100% financing; Used: 100% of NADA Avg. Retail
As Low As; Vehicle age: 1-5 years old; New: 100% financing; Used: 100% of NADA Avg. Retail
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
Maximum term footnote: Minimum $25,000.00 loan amount to be eligible for 84 month term (2023 & Newer Only); APR based on $20,000.00 loan with $125.00 Loan Origination Fee, $35.06 VSI Premium and 60 Month Term
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
Minimum Loan Amount $7,500
As Low As; Automobile loan; Based on 730+ credit score
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2026/2025/2024/2023; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Year: 2021; Includes 1/4 rate discount for selecting an automated loan repayment option
As Low As; Model Years: 2024 and Newer; Daily Periodic Rate as low as .012986%
As Low As; Model Years: 2017-2019; Daily Periodic Rate as low as .012986%
As Low As; Model Years: 2020-2021; Daily Periodic Rate as low as .012986%
As Low As; Model Years: 2022 and Newer; Daily Periodic Rate as low as .012986%
As Low As; Model Years: 2022 and Newer; Daily Periodic Rate as low as: .012986%
As Low As; Model Years: 2020-2021; Daily Periodic Rate as low as: .012986%
As Low As; Model Years: 2017-2019; Daily Periodic Rate as low as: .012986%
Score: 680 - 729; Grade of Paper: A; Effective October 1, 2026
Score: 680 - 729; Grade of Paper: A; Effective October 1, 2026
- Oct 13, 20264.75%▼ from 6.50%
- Sep 17, 20266.50%first recorded
Credit Grade: A++ (750+)
Credit Grade: A+ (720-749)
Credit Tier: A 650-719
- Sep 17, 20264.75%▼ from 6.75%
- Sep 14, 20266.75%first recorded
Credit Tier: A++ 750+
- Sep 17, 20264.75%▼ from 6.00%
- Sep 14, 20266.00%first recorded
over $20,000; As Low As
Credit Score: A+ 740+
As Low As
As Low As; Rates subject to change.
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20264.85%▲ from 3.80%
- Sep 17, 20263.80%first recorded
As Low As; Automobile loan; Based on 730+ credit score
Minimum Loan Amount $10,000
As Low As; Rates effective as of 11/03/25
As Low As; Rates effective as of 11/03/25
As Low As; Rates effective as of 11/03/25
over $25,000; As Low As
Rates As Low As
- Oct 10, 20264.99%▲ from 4.74%
- Sep 14, 20264.74%first recorded
As Low As; Effective Date: October 02, 2026; Vehicle Model Years: All Years**
- Oct 2, 20265.00%▲ from 4.05%
- Sep 17, 20264.05%first recorded
Beacon Score: 725+; Used cars will be given average trade in value in NADA book
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
- Oct 13, 20265.00%▼ from 7.00%
- Sep 17, 20267.00%first recorded
Credit Grade: A++ (750+)
Credit Grade: A++ (750+)
- Sep 25, 20265.00%▼ from 14.25%
- Sep 21, 202614.25%▲ from 5.00%
- Sep 17, 20265.00%first recorded
Credit Grade: A+ (720-749)
Credit Tier: A 650-719
- Sep 17, 20265.00%▼ from 7.00%
- Sep 14, 20267.00%first recorded
Credit Tier: A+ 720-749
- Sep 17, 20265.00%▼ from 6.00%
- Sep 14, 20266.00%first recorded
As Low As; Automobile loan; Based on 730+ credit score
As Low As
As Low As
As Low As
As low as
Minimum Loan Amount $15,000
As Low As; APR based on $25,000 loan with $150 origination fee; rates based on A+ credit score, 10% equity, auto deduction from Desco Advantage Plus checking, current Desco mortgage, Desco credit card
- Sep 27, 20265.21%▲ from 4.96%
- Sep 14, 20264.96%first recorded
As Low As; APR* (As low as); Estimated payment per $1000: $17.48; APR = Annual percentage rate. Rates may vary.
As Low As; APR includes automatic payment discount; Term & Loan-to-Value limitations apply
As Low As; 1st Time Car Buyer Program; As of 10/01/2026; Qualifications apply
As Low As; Model Years: 2024 and Newer; Daily Periodic Rate as low as .014356%
As Low As; Model Years: 2017-2019; Daily Periodic Rate as low as .014356%
As Low As; Model Years: 2020-2021; Daily Periodic Rate as low as .014356%
As Low As; Model Years: 2022 and Newer; Daily Periodic Rate as low as .014356%
As Low As; Model Years: 2022 and Newer; Daily Periodic Rate as low as: .014356%
As Low As; Model Years: 2020-2021; Daily Periodic Rate as low as: .014356%
As Low As; Model Years: 2017-2019; Daily Periodic Rate as low as: .014356%
Franklin, OH Auto Loan Rate Trends
Compare local Franklin, OH 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.
Ohio new auto rates rose 0.095 points over the past 7 days to 5.369% APR.
Ohio used auto rates rose 0.027 points over the past 7 days to 6.033% APR.
Franklin, OH 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 Ohio 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 Ohio 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 @ 5.37% APR OH average | Used Auto @ 6.03% APR OH average | Monthly Difference |
|---|---|---|---|
| $15,000 | $285.61/mo | $290.22/mo | $4.61/mo |
| $25,000 | $476.02/mo | $483.70/mo | $7.69/mo |
| $35,000 | $666.43/mo | $677.19/mo | $10.76/mo |
| $45,000 | $856.83/mo | $870.67/mo | $13.83/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 Franklin, Ohio
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Franklin, Ohio 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 Ohio. 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 Franklin, Ohio 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: Franklin, Ohio CD rates lock in a guaranteed return until you’re ready to buy
Franklin, Ohio Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $571 monthly car payment works out to roughly 17.9% of the median individual income in Franklin, Ohio. 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 Franklin, Ohio, 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 Franklin, Ohio. We’ve prefilled the APR with today’s OH 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 Franklin, Ohio 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 Franklin, Ohio 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 Franklin, Ohio. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in OH.
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 Franklin, Ohio
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 Franklin, Ohio
How does my credit score affect my car loan rate in Ohio?
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 Franklin, Ohio?
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 Franklin, Ohio?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Franklin, Ohio?
- YTR Community Federal Credit Union: 2.50% (New Auto (2022-Newer))
- United Federal Credit Union: 2.99% (Fixed Rate New & Used Auto Loans)
- Baxter Credit Union: 3.84% (Auto Loans - 2025 & Newer)
- Navy Federal Credit Union: 3.89% (New Auto Loan)
- LAKEVIEW: 3.99% (New Auto 2026/27)
Franklin, Ohio Rates & Resources
