Hopkinton, Rhode Island Best Auto Loan Rates - October 2026
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Brian McKay
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Hopkinton, Rhode Island auto loan rates from lenders serving Rhode Island range from 4.09% to 10.00% APR, verified by MonitorBankRates as of October 23, 2026. Current auto loan rates in Hopkinton, Rhode Island include Navy Federal Credit UnionNavy Federal Credit UnionA5.0 ★Texas Ratio: 8.14%Rate verified Oct 20, 2026 offering Business Vehicle Loan - New Business Vehicle at 4.09%, BrightBridge Credit UnionBrightBridge Credit UnionA+5.0 ★Texas Ratio: 5.49%Rate verified Oct 19, 2026 offering Auto Loan - Model Years 2026 - 2021 at 4.74%, Cranston Municipal Employees Credit UnionCranston Municipal Employees Credit UnionA+5.0 ★Texas Ratio: 0.67%Rate verified Oct 19, 2026 offering Auto Loan - New Vehicles Only at 4.99%, Bank of AmericaBank of AmericaA+5.0 ★Texas Ratio: 4.14%Rate verified Oct 20, 2026 offering New car (dealer) Loan at 5.24%, Greenwood Credit UnionGreenwood Credit UnionA+5.0 ★Texas Ratio: 4.24%Rate verified Oct 19, 2026 offering Auto Loan at 5.24%. Auto loan rates as of October 23, 2026 according to verified data from MonitorBankRates.
Hopkinton borrowers have access to 14 lenders serving the Rhode Island area, with auto loan rates as low as 4.09% APR from Navy 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 Hopkinton, Rhode Island. Auto Loan Rates Last Updated and Verified: October 23, 2026
Compare Auto Loan Rates Today in Hopkinton, Rhode Island & Surrounding Area
Hopkinton Auto Loan Rates
As Low As; New vehicles: 2025 and newer model years with 30,000 or fewer miles
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles, or 7,500-30,000 miles (late model used vehicles); Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20264.19%▲ from 3.89%
- Sep 30, 20263.89%first recorded
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles, or 7,500-30,000 miles (late model used vehicles); Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20264.59%▲ from 4.29%
- Sep 30, 20264.29%first recorded
As Low As; Model Years 2026 - 2021; Requires newly established direct deposit of $1,000+ per month within 45 days of loan closing; rate increases 0.50% if not established; Advertised rate for New & Used Vehicle Loans of Model Year 2021 or Newer with LTV of 100% or less
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles, or 7,500-30,000 miles (late model used vehicles); Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20264.89%▲ from 4.59%
- Sep 30, 20264.59%first recorded
New Vehicles Only; Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
As Low As; Model Years 2026 - 2021; Requires newly established direct deposit of $1,000+ per month within 45 days of loan closing; rate increases 0.50% if not established; Advertised rate for New & Used Vehicle Loans of Model Year 2021 or Newer with LTV of 100% or less
As Low As; Model Years 2026 - 2021; Requires newly established direct deposit of $1,000+ per month within 45 days of loan closing; rate increases 0.50% if not established; Advertised rate for New & Used Vehicle Loans of Model Year 2021 or Newer with LTV of 100% or less
As Low As; Used Vehicles: 2024 and older model years or any model year with over 30,000 miles; Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20265.09%▲ from 4.79%
- Sep 30, 20264.79%first recorded
As Low As; Used vehicles: 2024 and older model years or any model year with over 30,000 miles
As Low As; 60-month auto loan options; as of Oct. 19, 2026; excludes BofA Rewards discount up to 0.50%; advertised APR assumes excellent credit history
- Oct 20, 20265.24%▼ from 5.49%
- Sep 27, 20265.49%▲ from 5.39%
- Sep 18, 20265.39%first recorded
New Vehicles Only; Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Used Vehicles (2021-2025); Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Model Year: 2024 - NEW; Minimum Loan: $1,000.00; Advertised rate includes 0.25% reduction for auto pay from Greenwood Credit Union checking account
As Low As; 60-month auto loan options; as of Oct. 19, 2026; excludes BofA Rewards discount up to 0.50%; advertised APR assumes excellent credit history
- Oct 20, 20265.44%▼ from 5.69%
- Sep 27, 20265.69%▲ from 5.59%
- Sep 18, 20265.59%first recorded
New Vehicles Only; Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Used Vehicles (2021-2025); Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Model Years: 2023-2026; Published rate includes 0.25% automatic payment discount; Advertised APR based on credit score of 700 and max LTV of 120%
Model Years: 2023-2026; Published rate includes 0.25% automatic payment discount; Advertised APR based on credit score of 700 and max LTV of 120%
Model Year: 2025-2026; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Sep 18, 20265.49%▲ from 4.99%
- Sep 14, 20264.99%first recorded
Model Year: 2025-2026; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Sep 18, 20265.49%▲ from 4.99%
- Sep 14, 20264.99%first recorded
Monthly payment per $1000 borrowed: $30.20; Rate for A credit score 720+ with 1.00% reduction for WCCU Checking autopay; Refinancing for new loans only; Maximum LTV 125% for new auto loans
Monthly payment per $1000 borrowed: $23.27; Rate for A credit score 720+ with 1.00% reduction for WCCU Checking autopay; Refinancing for new loans only; Maximum LTV 125% for new auto loans
Rates for members with an 'A' credit score of 720 or above, reflecting a 1.00% reduction for payments automatically deducted from a WCCU Checking Account; Max LTV 115%; vehicles with 125,001 to 150,000 miles add 0.50%
Rates for members with an 'A' credit score of 720 or above, reflecting a 1.00% reduction for payments automatically deducted from a WCCU Checking Account; Max LTV 115%; vehicles with 125,001 to 150,000 miles add 0.50%
As Low As; Model Years 2026 - 2021; Requires newly established direct deposit of $1,000+ per month within 45 days of loan closing; rate increases 0.50% if not established; Advertised rate for New & Used Vehicle Loans of Model Year 2021 or Newer with LTV of 100% or less
As Low As; Model Years 2026 - 2021; Requires newly established direct deposit of $1,000+ per month within 45 days of loan closing; rate increases 0.50% if not established; Advertised rate for New & Used Vehicle Loans of Model Year 2021 or Newer with LTV of 100% or less
As Low As; Used Vehicles: 2024 and older model years or any model year with over 30,000 miles; Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20265.59%▲ from 5.29%
- Sep 30, 20265.29%first recorded
As Low As; Used Vehicles: 2024 and older model years or any model year with over 30,000 miles; Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20265.69%▲ from 5.39%
- Sep 30, 20265.39%first recorded
Model Year: 2021-2024; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Sep 18, 20265.69%▲ from 5.39%
- Sep 14, 20265.39%first recorded
Used Vehicles (2020-2013); Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Model Years: 2020-2022
Model Years: 2020-2022
Model Years: 2023-2026; Published rate includes 0.25% automatic payment discount; Advertised APR based on credit score of 700 and max LTV of 120%
Model Year: 2020-2022
- Oct 9, 20265.74%▲ from 5.54%
- Sep 18, 20265.54%first recorded
Model Year: 2020-2022
- Oct 9, 20265.74%▲ from 5.54%
- Sep 18, 20265.54%first recorded
Model Year: 2024 - NEW; Minimum Loan: $1,000.00; Advertised rate includes 0.25% reduction for auto pay from Greenwood Credit Union checking account
As Low As; New vehicles: 2025 and newer model years with 30,000 or fewer miles
As Low As; New vehicles: 2025 and newer model years with 30,000 or fewer miles
100% Financing; 6 Years
Model Year: 2020; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Sep 18, 20265.89%▲ from 5.39%
- Sep 14, 20265.39%first recorded
100% financing; 7 Years
Used Vehicles (2021-2025); Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Model Year: NEW 2025-2026
Model Year: 2020 - 2023; Minimum Loan: $1,000.00; Advertised rate includes 0.25% reduction for auto pay from Greenwood Credit Union checking account
Model Year: 2021-2024; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Sep 18, 20265.99%▲ from 5.49%
- Sep 14, 20265.49%first recorded
Monthly payment per $1000 borrowed: $19.34; Rate for A credit score 720+ with 1.00% reduction for WCCU Checking autopay; Refinancing for new loans only; Maximum LTV 125% for new auto loans
- Oct 5, 20265.99%▲ from 5.49%
- Sep 18, 20265.49%first recorded
Rates for members with an 'A' credit score of 720 or above, reflecting a 1.00% reduction for payments automatically deducted from a WCCU Checking Account; Max LTV 115%; vehicles with 125,001 to 150,000 miles add 0.50%
- Oct 5, 20265.99%▲ from 5.49%
- Sep 18, 20265.49%first recorded
As Low As; 10% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Rates effective as of November 5, 2025
- Oct 13, 20266.00%▼ from 6.75%
- Sep 14, 20266.75%first recorded
Model Years: 2020-2022
Model Year: 2020-2022
- Oct 9, 20266.14%▲ from 5.99%
- Sep 18, 20265.99%first recorded
Financing amount: $45,000; For online applicants with excellent credit history; Your rate may vary based on credit history, vehicle, financing amount and term
Financing amount: $45,000; Purchase of new car; For online applicants with excellent credit; Last updated 10/1/2026
- Oct 2, 20266.24%▲ from 6.14%
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
- Sep 14, 20265.94%first recorded
Model Year: 2022-2023
100% Financing; 5 Years
As Low As; Model Year: 2025-2026; 15% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Maximum Mileage = 90,000 miles
Financing amount: $30,000; For online applicants with excellent credit history; Your rate may vary based on credit history, vehicle, financing amount and term
Financing amount: $30,000; Purchase of used car; For online applicants with excellent credit; Last updated 10/1/2026
- Oct 2, 20266.29%▲ from 6.19%
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
- Sep 14, 20265.99%first recorded
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles, or 7,500-30,000 miles (late model used vehicles); Rates as of Oct 19, 2026 ET
As Low As; Used vehicles: 2024 and older model years or any model year with over 30,000 miles
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20266.29%▲ from 5.99%
- Sep 30, 20265.99%first recorded
Model Year: NEW 2025-2026
Used Vehicles (2020-2013); Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Model Year: 2020 - 2023; Minimum Loan: $1,000.00; Advertised rate includes 0.25% reduction for auto pay from Greenwood Credit Union checking account
Model Year: 2022-2023
New Vehicles Only; Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Used Vehicles (2020-2013); Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Model Year: 2019-2021
Model Years: 2023-2026; Minimum loan amount of $25,000 with maximum mileage of 40,000 for 84-month term; Published rate includes 0.25% automatic payment discount; Advertised APR based on credit score of 700 and max LTV of 120%
Model Year: 2019; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Oct 13, 20266.89%▲ from 5.89%
- Sep 18, 20265.89%▲ from 5.39%
- Sep 14, 20265.39%first recorded
Model Years: 2017-2019
Model Year: 2017-2019
- Oct 9, 20266.90%▲ from 6.70%
- Sep 18, 20266.70%first recorded
100% Financing; 4 Years
Model Year: 2016 - 2019; Minimum Loan: $1,000.00; Advertised rate includes 0.25% reduction for auto pay from Greenwood Credit Union checking account
Monthly payment per $1000 borrowed: $17.06; Rate for A credit score 720+ with 1.00% reduction for WCCU Checking autopay; Refinancing for new loans only; Maximum LTV 125% for new auto loans
- Oct 5, 20266.99%▲ from 6.49%
- Sep 18, 20266.49%▲ from 5.99%
- Sep 14, 20265.99%first recorded
Motor Homes 10% Down; Campers 10% Down; Trailers 10% Down; Boats 20% Down; ATV's 20% Down; Snow Mobile 20% Down; Wave Runner 20% Down; Motorcycles 10% Down; Maximum loan amount Up to $50,000; For Motor Homes and Travel Trailer the term can extend out to 120 months depending on the amount of the loan
As Low As; Model Year: 2023-2024; 15% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Maximum Mileage = 90,000 miles
As Low As; Model Year: 2021-2022; 15% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Maximum Mileage = 90,000 miles
As Low As; Model Year: 2019-2020; 15% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Maximum Mileage = 90,000 miles
Model Year: 2019-2021
Model Years: 2016
Model Year: 2016
- Oct 9, 20267.10%▼ from 7.24%
- Sep 18, 20267.24%first recorded
Down Payment: 5%; New only model year 2025-2026; Rate reflects 0.25% reduction with automatic debit, otherwise increased 0.25%; Purchase or refinance only
As Low As; Minimum $10,000; 15% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Rates effective as of November 5, 2025
As Low As; Used Vehicles: 2024 and older model years or any model year with over 30,000 miles; Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20267.28%▲ from 6.98%
- Sep 30, 20266.98%first recorded
Model Year: NEW 2025-2026
As Low As; Used vehicles: 2024 and older model years or any model year with over 30,000 miles
Model Year: 2018; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Oct 13, 20267.39%▲ from 5.89%
- Sep 18, 20265.89%▲ from 5.39%
- Sep 14, 20265.39%first recorded
As Low As; Rates as of Oct 19, 2026 ET
As Low As; Rates as of Oct 19, 2026 ET
Down Payment: 5%; New only model year 2025-2026; Rate reflects 0.25% reduction with automatic debit, otherwise increased 0.25%; Purchase or refinance only
Down Payment: 10%; Used model year 2020 and newer for 36 months; Rate reflects 0.25% reduction with automatic debit, otherwise increased 0.25%; Purchase or refinance only
Model Years: 2017-2019
Model Year: 2017-2019
- Oct 9, 20267.54%▲ from 7.24%
- Sep 18, 20267.24%first recorded
Model Year: 2022-2023
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles, or 7,500-30,000 miles (late model used vehicles); Minimum loan amount $30,000 for terms of 85-96 months; Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Minimum loan amount $30,000 for 84-96 month terms; Terms over 84 months only for vehicles with fewer than 7,500 miles; Rates as of Oct 19, 2026 ET
- Oct 20, 20267.69%▲ from 7.39%
- Sep 30, 20267.39%first recorded
Model Year: 2016-2018
Down Payment: 5%; New only model year 2025-2026; Rate reflects 0.25% reduction with automatic debit, otherwise increased 0.25%; Purchase or refinance only
Down Payment: 10%; Used model year 2021 and newer for 48 months; Rate reflects 0.25% reduction with automatic debit, otherwise increased 0.25%; Purchase or refinance only
As Low As; Minimum $20,000; 15% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Rates effective as of November 5, 2025
Model Year: 2017; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Oct 13, 20267.89%▲ from 5.89%
- Sep 18, 20265.89%▲ from 5.39%
- Sep 14, 20265.39%first recorded
Down Payment: 5%; New only model year 2025-2026; Rate reflects 0.25% reduction with automatic debit, otherwise increased 0.25%; Purchase or refinance only
Down Payment: 10%; Used model year 2023 and newer for 60 months; Rate reflects 0.25% reduction with automatic debit, otherwise increased 0.25%; Purchase or refinance only
Model Year: 2016; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Sep 18, 20268.39%▲ from 7.89%
- Sep 14, 20267.89%first recorded
Minimum loan amount $25,000 for 7 years; Monthly payment per $1000 borrowed: $15.85; Rate for A credit score 720+ with 1.00% reduction for WCCU Checking autopay; Refinancing for new loans only; Maximum LTV 125% for new auto loans
- Oct 5, 20268.49%▲ from 7.99%
- Sep 18, 20267.99%▲ from 7.49%
- Sep 14, 20267.49%first recorded
Model Year: 2016-2018
Model Year: 2015 and Older
As Low As; Effective Date: Monday, October 19th, 2026; Advertised rate available on New Recreational Vehicle Loans of Model Year 2024 or newer with a maximum loan to value (LTV) of 95% or less and less than 10,001 miles
Minimum loan amount $40,000 for 8 years; Monthly payment per $1000 borrowed: $14.66; Rate for A credit score 720+ with 1.00% reduction for WCCU Checking autopay; Refinancing for new loans only; Maximum LTV 125% for new auto loans
- Oct 5, 20268.99%▲ from 8.49%
- Sep 18, 20268.49%▲ from 7.99%
- Sep 14, 20267.99%first recorded
As Low As; Rates as of Oct 19, 2026 ET; Minimum amount financed: $25,000
As Low As; Rates as of Oct 19, 2026 ET; Minimum amount financed: $25,000
As Low As; Rates as of Oct 19, 2026 ET; Minimum amount financed: $30,000
As Low As; Effective Date: Monday, October 19th, 2026; Advertised rate available on Used Recreational Vehicle Loans of Model Year 2024 or older with a maximum loan to value (LTV) of 95% or less and more than 10,000 miles
Model Year: 2015 and Older
As Low As; Model Year: Older Vehicles; 15% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Maximum Mileage = 90,000 miles
- Oct 13, 202610.00%▲ from 7.00%
- Sep 18, 20267.00%first recorded
Hopkinton New Auto Auto Loan Rates
As Low As; New vehicles: 2025 and newer model years with 30,000 or fewer miles
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles, or 7,500-30,000 miles (late model used vehicles); Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20264.19%▲ from 3.89%
- Sep 30, 20263.89%first recorded
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles, or 7,500-30,000 miles (late model used vehicles); Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20264.59%▲ from 4.29%
- Sep 30, 20264.29%first recorded
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles, or 7,500-30,000 miles (late model used vehicles); Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20264.89%▲ from 4.59%
- Sep 30, 20264.59%first recorded
New Vehicles Only; Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
As Low As; 60-month auto loan options; as of Oct. 19, 2026; excludes BofA Rewards discount up to 0.50%; advertised APR assumes excellent credit history
- Oct 20, 20265.24%▼ from 5.49%
- Sep 27, 20265.49%▲ from 5.39%
- Sep 18, 20265.39%first recorded
New Vehicles Only; Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
New Vehicles Only; Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Model Year: 2025-2026; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Sep 18, 20265.49%▲ from 4.99%
- Sep 14, 20264.99%first recorded
Monthly payment per $1000 borrowed: $30.20; Rate for A credit score 720+ with 1.00% reduction for WCCU Checking autopay; Refinancing for new loans only; Maximum LTV 125% for new auto loans
Monthly payment per $1000 borrowed: $23.27; Rate for A credit score 720+ with 1.00% reduction for WCCU Checking autopay; Refinancing for new loans only; Maximum LTV 125% for new auto loans
As Low As; New vehicles: 2025 and newer model years with 30,000 or fewer miles
As Low As; New vehicles: 2025 and newer model years with 30,000 or fewer miles
100% financing; 7 Years
Monthly payment per $1000 borrowed: $19.34; Rate for A credit score 720+ with 1.00% reduction for WCCU Checking autopay; Refinancing for new loans only; Maximum LTV 125% for new auto loans
- Oct 5, 20265.99%▲ from 5.49%
- Sep 18, 20265.49%first recorded
As Low As; 10% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Rates effective as of November 5, 2025
- Oct 13, 20266.00%▼ from 6.75%
- Sep 14, 20266.75%first recorded
Financing amount: $45,000; For online applicants with excellent credit history; Your rate may vary based on credit history, vehicle, financing amount and term
Financing amount: $45,000; Purchase of new car; For online applicants with excellent credit; Last updated 10/1/2026
- Oct 2, 20266.24%▲ from 6.14%
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
- Sep 14, 20265.94%first recorded
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles, or 7,500-30,000 miles (late model used vehicles); Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20266.29%▲ from 5.99%
- Sep 30, 20265.99%first recorded
New Vehicles Only; Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Monthly payment per $1000 borrowed: $17.06; Rate for A credit score 720+ with 1.00% reduction for WCCU Checking autopay; Refinancing for new loans only; Maximum LTV 125% for new auto loans
- Oct 5, 20266.99%▲ from 6.49%
- Sep 18, 20266.49%▲ from 5.99%
- Sep 14, 20265.99%first recorded
Down Payment: 5%; New only model year 2025-2026; Rate reflects 0.25% reduction with automatic debit, otherwise increased 0.25%; Purchase or refinance only
As Low As; Minimum $10,000; 15% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Rates effective as of November 5, 2025
Down Payment: 5%; New only model year 2025-2026; Rate reflects 0.25% reduction with automatic debit, otherwise increased 0.25%; Purchase or refinance only
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles, or 7,500-30,000 miles (late model used vehicles); Minimum loan amount $30,000 for terms of 85-96 months; Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Minimum loan amount $30,000 for 84-96 month terms; Terms over 84 months only for vehicles with fewer than 7,500 miles; Rates as of Oct 19, 2026 ET
- Oct 20, 20267.69%▲ from 7.39%
- Sep 30, 20267.39%first recorded
Down Payment: 5%; New only model year 2025-2026; Rate reflects 0.25% reduction with automatic debit, otherwise increased 0.25%; Purchase or refinance only
As Low As; Minimum $20,000; 15% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Rates effective as of November 5, 2025
Down Payment: 5%; New only model year 2025-2026; Rate reflects 0.25% reduction with automatic debit, otherwise increased 0.25%; Purchase or refinance only
Minimum loan amount $25,000 for 7 years; Monthly payment per $1000 borrowed: $15.85; Rate for A credit score 720+ with 1.00% reduction for WCCU Checking autopay; Refinancing for new loans only; Maximum LTV 125% for new auto loans
- Oct 5, 20268.49%▲ from 7.99%
- Sep 18, 20267.99%▲ from 7.49%
- Sep 14, 20267.49%first recorded
As Low As; Effective Date: Monday, October 19th, 2026; Advertised rate available on New Recreational Vehicle Loans of Model Year 2024 or newer with a maximum loan to value (LTV) of 95% or less and less than 10,001 miles
Minimum loan amount $40,000 for 8 years; Monthly payment per $1000 borrowed: $14.66; Rate for A credit score 720+ with 1.00% reduction for WCCU Checking autopay; Refinancing for new loans only; Maximum LTV 125% for new auto loans
- Oct 5, 20268.99%▲ from 8.49%
- Sep 18, 20268.49%▲ from 7.99%
- Sep 14, 20267.99%first recorded
Hopkinton Used Auto Auto Loan Rates
As Low As; Used Vehicles: 2024 and older model years or any model year with over 30,000 miles; Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20265.09%▲ from 4.79%
- Sep 30, 20264.79%first recorded
As Low As; Used vehicles: 2024 and older model years or any model year with over 30,000 miles
Used Vehicles (2021-2025); Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
As Low As; 60-month auto loan options; as of Oct. 19, 2026; excludes BofA Rewards discount up to 0.50%; advertised APR assumes excellent credit history
- Oct 20, 20265.44%▼ from 5.69%
- Sep 27, 20265.69%▲ from 5.59%
- Sep 18, 20265.59%first recorded
Used Vehicles (2021-2025); Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Model Year: 2025-2026; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Sep 18, 20265.49%▲ from 4.99%
- Sep 14, 20264.99%first recorded
Rates for members with an 'A' credit score of 720 or above, reflecting a 1.00% reduction for payments automatically deducted from a WCCU Checking Account; Max LTV 115%; vehicles with 125,001 to 150,000 miles add 0.50%
Rates for members with an 'A' credit score of 720 or above, reflecting a 1.00% reduction for payments automatically deducted from a WCCU Checking Account; Max LTV 115%; vehicles with 125,001 to 150,000 miles add 0.50%
As Low As; Used Vehicles: 2024 and older model years or any model year with over 30,000 miles; Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20265.59%▲ from 5.29%
- Sep 30, 20265.29%first recorded
As Low As; Used Vehicles: 2024 and older model years or any model year with over 30,000 miles; Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20265.69%▲ from 5.39%
- Sep 30, 20265.39%first recorded
Model Year: 2021-2024; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Sep 18, 20265.69%▲ from 5.39%
- Sep 14, 20265.39%first recorded
Used Vehicles (2020-2013); Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
100% Financing; 6 Years
Model Year: 2020; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Sep 18, 20265.89%▲ from 5.39%
- Sep 14, 20265.39%first recorded
Used Vehicles (2021-2025); Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Model Year: 2021-2024; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Sep 18, 20265.99%▲ from 5.49%
- Sep 14, 20265.49%first recorded
Rates for members with an 'A' credit score of 720 or above, reflecting a 1.00% reduction for payments automatically deducted from a WCCU Checking Account; Max LTV 115%; vehicles with 125,001 to 150,000 miles add 0.50%
- Oct 5, 20265.99%▲ from 5.49%
- Sep 18, 20265.49%first recorded
100% Financing; 5 Years
As Low As; Model Year: 2025-2026; 15% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Maximum Mileage = 90,000 miles
Financing amount: $30,000; For online applicants with excellent credit history; Your rate may vary based on credit history, vehicle, financing amount and term
Financing amount: $30,000; Purchase of used car; For online applicants with excellent credit; Last updated 10/1/2026
- Oct 2, 20266.29%▲ from 6.19%
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
- Sep 14, 20265.99%first recorded
As Low As; Used vehicles: 2024 and older model years or any model year with over 30,000 miles
Used Vehicles (2020-2013); Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Used Vehicles (2020-2013); Effective Date: Sunday, October 18th, 2026; Published rate includes 0.25% discount with CMECU checking autopayment
Model Year: 2019; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Oct 13, 20266.89%▲ from 5.89%
- Sep 18, 20265.89%▲ from 5.39%
- Sep 14, 20265.39%first recorded
100% Financing; 4 Years
As Low As; Model Year: 2023-2024; 15% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Maximum Mileage = 90,000 miles
As Low As; Model Year: 2021-2022; 15% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Maximum Mileage = 90,000 miles
As Low As; Model Year: 2019-2020; 15% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Maximum Mileage = 90,000 miles
As Low As; Used Vehicles: 2024 and older model years or any model year with over 30,000 miles; Rates as of Oct 19, 2026 ET
As Low As; Advertised APR assumes excellent credit; Rates as of Oct 19, 2026 ET
- Oct 20, 20267.28%▲ from 6.98%
- Sep 30, 20266.98%first recorded
As Low As; Used vehicles: 2024 and older model years or any model year with over 30,000 miles
Model Year: 2018; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Oct 13, 20267.39%▲ from 5.89%
- Sep 18, 20265.89%▲ from 5.39%
- Sep 14, 20265.39%first recorded
Down Payment: 10%; Used model year 2020 and newer for 36 months; Rate reflects 0.25% reduction with automatic debit, otherwise increased 0.25%; Purchase or refinance only
Down Payment: 10%; Used model year 2021 and newer for 48 months; Rate reflects 0.25% reduction with automatic debit, otherwise increased 0.25%; Purchase or refinance only
Model Year: 2017; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Oct 13, 20267.89%▲ from 5.89%
- Sep 18, 20265.89%▲ from 5.39%
- Sep 14, 20265.39%first recorded
Down Payment: 10%; Used model year 2023 and newer for 60 months; Rate reflects 0.25% reduction with automatic debit, otherwise increased 0.25%; Purchase or refinance only
Model Year: 2016; Rates are the lowest rates available and are determined by individual creditworthiness; Other rates and terms available; subject to change without notice
- Sep 18, 20268.39%▲ from 7.89%
- Sep 14, 20267.89%first recorded
As Low As; Effective Date: Monday, October 19th, 2026; Advertised rate available on Used Recreational Vehicle Loans of Model Year 2024 or older with a maximum loan to value (LTV) of 95% or less and more than 10,000 miles
As Low As; Model Year: Older Vehicles; 15% Down Payment or GAP Coverage; Must Have Full Insurance Coverage; Maximum Mileage = 90,000 miles
- Oct 13, 202610.00%▲ from 7.00%
- Sep 18, 20267.00%first recorded
Hopkinton, RI Auto Loan Rate Trends
Compare local Hopkinton, RI 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.
Rhode Island new auto rates rose 0.146 points over the past 7 days to 5.718% APR.
Rhode Island used auto rates rose 0.064 points over the past 7 days to 6.107% APR.
Hopkinton, RI 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 Rhode Island 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 Rhode Island 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 @ 5.72% APR RI average | Used Auto @ 6.11% APR RI average | Monthly Difference |
|---|---|---|---|
| $15,000 | $288.03/mo | $290.74/mo | $2.70/mo |
| $25,000 | $480.05/mo | $484.56/mo | $4.51/mo |
| $35,000 | $672.07/mo | $678.38/mo | $6.31/mo |
| $45,000 | $864.09/mo | $872.21/mo | $8.11/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 Hopkinton, Rhode Island
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Hopkinton, Rhode Island 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 Rhode Island. 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 Hopkinton, Rhode Island 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: Hopkinton, Rhode Island CD rates lock in a guaranteed return until you’re ready to buy
Rhode Island Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau (state-level data shown; city data not available)
A $576 monthly car payment works out to roughly 14.0% of the median individual income in Rhode Island. 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 Hopkinton, Rhode Island, 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 Hopkinton, Rhode Island. We’ve prefilled the APR with today’s RI 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 Hopkinton, Rhode Island 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 Hopkinton, Rhode Island 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 Hopkinton, Rhode Island. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in RI.
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 Hopkinton, Rhode Island
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 Hopkinton, Rhode Island
How does my credit score affect my car loan rate in Rhode Island?
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 Hopkinton, Rhode Island?
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 Hopkinton, Rhode Island?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Hopkinton, Rhode Island?
- Navy Federal Credit Union: 4.09% (Business Vehicle Loan - New Business Vehicle)
- BrightBridge Credit Union: 4.74% (Auto Loan - Model Years 2026 - 2021)
- Cranston Municipal Employees Credit Union: 4.99% (Auto Loan - New Vehicles Only)
- Bank of America: 5.24% (New car (dealer) Loan)
- Greenwood Credit Union: 5.24% (Auto Loan)
Hopkinton, Rhode Island Rates & Resources
