Nashville, Tennessee Best Auto Loan Rates - August 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current auto loan rates in Nashville, Tennessee include American Airlines Federal Credit UnionAmerican Airlines Federal Credit UnionAAFCU c o Nashville Post Office Credit Union, Nashville, TN, 37214A+5.0 ★Texas Ratio: 2.51% offering New Auto at 3.34%, Nashville Firemens Credit UnionNashville Firemens Credit Union908 Woodland St, Nashville, TN, 37206A+5.0 ★Texas Ratio: 4.99% offering New Auto (90% of Retail) at 4.49%, Ascend Federal Credit UnionAscend Federal Credit Union2600 Elm Hill Pike, Nashville, TN, 37214A+5.0 ★Texas Ratio: 2.38% offering New Vehicle Loan at 4.99%, Cornerstone Financial Credit UnionCornerstone Financial Credit Union1701 21st Ave s, Nashville, TN, 37212 3703A5.0 ★Texas Ratio: 6.15% offering New Auto at 4.99%, Southeast Financial Credit UnionSoutheast Financial Credit Union1314 Vultee Blvd, Nashville, TN, 37217A5.0 ★Texas Ratio: 9.30% offering Other Vehicle Loans - 1st Term New at 5.00%. Auto loan rates as of August 28, 2026 according to verified data from MonitorBankRates.
Nashville has 10 local institutions in our database, with auto loan rates as low as 3.34% APR from American Airlines Federal Credit Union at AAFCU c o Nashville Post Office Credit Union, Nashville, TN, 37214. 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 Nashville, Tennessee. Auto Loan Rates Last Updated and Verified: August 28, 2026
Compare Auto Loan Rates Today in Nashville, Tennessee & Surrounding Area
Nashville Auto Loan Rates
Rates Subject to Change. APR=Annual Percentage Rate. Rates Effective June 1, 2026.
Rates Subject to Change. APR=Annual Percentage Rate. Rates Effective June 1, 2026.
Rates Subject to Change. APR=Annual Percentage Rate. Rates Effective June 1, 2026.
As low as
As low as
As low as
Rates Subject to Change. APR=Annual Percentage Rate. Rates Effective June 1, 2026.
As low as
New Auto
Used Auto
Payment example: $ 10,000 borrowed at 5.49% APR for 60 months = $190.97/month.
2026 OR NEWER
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Learn more. Purchase of a new car would have a 5.94% APR for 60 months, monthly payment of $868.72 for $45,000 financing, down payment of $0.
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Learn more. Purchase of a used 2022 year car would have a 5.99% APR for 60 months, monthly payment of $579.84 for $30,000 financing, down payment of $0.
New; Longer terms are available.
New or Used Financing up to 100% for up to 84 months (must meet established loan guidelines) or 90% of sticker (new) or 90% NADA retail (used)
2026 OR NEWER
2018-2025
2026 OR NEWER
Used; Refinance; Longer terms are available
2026 OR NEWER
2018-2025
2026 OR NEWER
2018-2025
Used; Refinance; Longer terms are available
25 YEARS/ OLDER
25 YEARS/ OLDER
2018-2025
2018-2025
Used; Refinance; Longer terms are available
As Low As; up to 120%
As Low As; up to 120%
As Low As; Actual rate is determined by credit score
As Low As; Starting at
As Low As
Collateral Type: New
As Low As; Actual rate is determined by credit score
As Low As
Vehicle Year: 2025 & Newer
As Low As; Actual rate is determined by credit score
As Low As
Mileage: Within 3 most recent model years and less than 25,000 miles
Up to 25,000 miles Up to 135% of Retail - see below
Rates as low as
Vehicle Year: 2025 & Newer
As Low As; Fixed
As Low As; Motorized Vehicle Loan rates displayed include a 0.50% rate discount for having an automatic payment from a Patriot Equity Credit Union checking account.
Up to a 1% reduction on the current financed vehicle interest rate. This promotion does not apply to Older Auto Loans. Rate will not go below 4.49% on terms up to 84-months. Members must provide the original dealer documentation and/or a current loan statement to support the rate being reduced and term being matched. Loan terms will be up to the remaining term of the existing loan, with a maximum term of 84-months. Promotion may be discontinued at any time. This promotion cannot be used on existing UPSECU loans.
Managed Credit Program: The Annual Percentage Rate(APR) will be determined by your credit worthiness.
Up to 25,000 miles Up to 135% of Retail - see below
As Low As
As Low As; Actual rate is determined by credit score
As Low As
As Low As; No Payment for 90 Days!
As Low As
Vehicle Year: 2025 & Newer
As low as 4.74% with member discount
As low as 4.74% with member discount
As Low As; Fixed
As Low As
As Low As; Actual rate is determined by credit score
Luxury Only
Credit Score: 850-800
Collateral Type: Used
As Low As;*
As Low As
Mileage: Within 3 most recent model years and less than 25,000 miles
125% financing available. No minimum loan amount.
As Low As;*
As Low As
Vehicle Year: 2025 & Newer
Credit Score: 799-740
Credit Score: 850-800
Rates as low as
Rates as low as
As Low As; Refinance your auto loan with us and don't worry about making payments in the summer!
As Low As; Motorized Vehicle Loan rates displayed include a 0.50% rate discount for having an automatic payment from a Patriot Equity Credit Union checking account.
Up to 25,000 miles Up to 135% of Retail - see below
As Low As
New Auto (2025-2026)
As Low As
As Low As
As Low As
Fixed
As Low As
As Low As; Actual rate is determined by credit score
Credit Score: 850-750
As low as*
125% financing available.
Vehicle Year: 2021-2024
As low as. Rates increase by 1% for automobiles over 100,000 miles.
Fixed
As Low As; Actual rate is determined by credit score
As low as*
As low as. Rates increase by 1% for automobiles over 100,000 miles.
New Auto (2025-2026)
Vehicle Year: 2020
25,001 miles to 99,999 miles Up to 135% of Retail - see below
As low as 5.49% with member discount
As Low As; Fixed
Credit Score: 799-740
Credit Score: 850-800
25,001 miles to 99,999 miles Up to 135% of Retail - see below
As Low As
As Low As
As Low As
As Low As
As Low As
Luxury Only
Credit Score: 749-700
Credit Score: 850-750
As Low As
New Auto (2025-2026); * Denotes an auto over $40K finanaced
($20,000-$29,999)
As low as; under 10,000 miles
Vehicle Year: 2016-2019
Mileage: Within 3 most recent model years and less than 25,000 miles (invoice or NADA retail value over $12,500)
2013-2022 models
Effective 3/1/2026
As Low As; Fixed
Relationship pricing discounts are available on eligible auto loans requested within thirty (30) days of loan opening. Approved borrowers may qualify for a 0.25% APR reduction for each of the following activities, up to a maximum total reduction of 1.00% APR: opening an Everyday or Growth Checking account; establishing direct deposit to a new or existing Listerhill account; setting up automatic payments for a new or existing Listerhill loan; opening a Listerhill Visa® Signature Rewards or Visa® Platinum credit card; and/or refinancing a loan from another financial institution with Listerhill. Discounted rates will not be reduced below 6.00% APR. Existing Listerhill loans are not eligible for refinance discounts. Offer cannot be combined with any other promotion. Additional eligibility requirements and restrictions may apply. Visit listerhill.com/relationship for complete details.
As Low As
As low as*
For qualified borrowers, the CU can finance up to 100% of M.S.R.P. or purchase price, whichever is less including taxes, tag, and title fees. Rates are based on credit risk. Financing is available on new vehicles up to 72 months on auto loans of $30,000 or more.
Model Term Annual Percentage Rate 0 - 5 Years Old. Finance up to 100% of NADA value of vehicles 5 years or newer with less than 100,000 miles. Finance up to 100% of the NADA value of vehicles 6 - 10 years old. Finance up to 90% of the NADA value of vehicles 11 years or older. Vehicles with mileage over 100,000 miles will have an additional 1.5% added to the interest rate. The NADA loan value for vehicles with 100,000 miles or more will determine the amount financed.
$25,0000; As Low As
($30,000 and above)
Up to 25,000 miles Up to 135% of Retail - see below
Product: Classic Auto
Fixed; APR* as low as
Credit Score: 799-740
Credit Score: 850-800
Rates as low as
Rates as low as
Relationship pricing discounts are available on eligible auto loans requested within thirty (30) days of loan opening. Approved borrowers may qualify for a 0.25% APR reduction for each of the following activities, up to a maximum total reduction of 1.00% APR: opening an Everyday or Growth Checking account; establishing direct deposit to a new or existing Listerhill account; setting up automatic payments for a new or existing Listerhill loan; opening a Listerhill Visa® Signature Rewards or Visa® Platinum credit card; and/or refinancing a loan from another financial institution with Listerhill. Discounted rates will not be reduced below 6.00% APR. Existing Listerhill loans are not eligible for refinance discounts. Offer cannot be combined with any other promotion. Additional eligibility requirements and restrictions may apply. Visit listerhill.com/relationship for complete details.
Managed Credit Program: The Annual Percentage Rate(APR) will be determined by your credit worthiness.
25,001 miles to 99,999 miles Up to 135% of Retail - see below
As Low As
As Low As; Actual rate is determined by credit score
As Low As; 6.0%
Credit Score: 699-650
Credit Score: 749-700
As low as; Maximum Amount: up to 120% of MSRP or NADA retail including tax, tag, doc fees, warranty, and GAP
As low as. Rates increase by 1% for automobiles over 100,000 miles.
Nashville New Auto Auto Loan Rates
Rates Subject to Change. APR=Annual Percentage Rate. Rates Effective June 1, 2026.
Rates Subject to Change. APR=Annual Percentage Rate. Rates Effective June 1, 2026.
As low as
As low as
As low as
New Auto
2026 OR NEWER
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Learn more. Purchase of a new car would have a 5.94% APR for 60 months, monthly payment of $868.72 for $45,000 financing, down payment of $0.
2026 OR NEWER
2026 OR NEWER
2026 OR NEWER
2026 OR NEWER
As Low As; up to 120%
Collateral Type: New
As Low As
Mileage: Within 3 most recent model years and less than 25,000 miles
Up to 25,000 miles Up to 135% of Retail - see below
Rates as low as
As Low As; Motorized Vehicle Loan rates displayed include a 0.50% rate discount for having an automatic payment from a Patriot Equity Credit Union checking account.
Up to a 1% reduction on the current financed vehicle interest rate. This promotion does not apply to Older Auto Loans. Rate will not go below 4.49% on terms up to 84-months. Members must provide the original dealer documentation and/or a current loan statement to support the rate being reduced and term being matched. Loan terms will be up to the remaining term of the existing loan, with a maximum term of 84-months. Promotion may be discontinued at any time. This promotion cannot be used on existing UPSECU loans.
Managed Credit Program: The Annual Percentage Rate(APR) will be determined by your credit worthiness.
Up to 25,000 miles Up to 135% of Retail - see below
As Low As; No Payment for 90 Days!
As Low As
As low as 4.74% with member discount
As Low As
Credit Score: 850-800
As Low As;*
As Low As
Mileage: Within 3 most recent model years and less than 25,000 miles
125% financing available. No minimum loan amount.
Credit Score: 799-740
Credit Score: 850-800
Rates as low as
Up to 25,000 miles Up to 135% of Retail - see below
As Low As
New Auto (2025-2026)
As Low As
As Low As
As Low As
Credit Score: 850-750
As low as. Rates increase by 1% for automobiles over 100,000 miles.
New Auto (2025-2026)
25,001 miles to 99,999 miles Up to 135% of Retail - see below
Credit Score: 799-740
Credit Score: 850-800
25,001 miles to 99,999 miles Up to 135% of Retail - see below
As Low As
As Low As
Credit Score: 749-700
Credit Score: 850-750
New Auto (2025-2026); * Denotes an auto over $40K finanaced
($20,000-$29,999)
As low as; under 10,000 miles
Mileage: Within 3 most recent model years and less than 25,000 miles (invoice or NADA retail value over $12,500)
Effective 3/1/2026
Relationship pricing discounts are available on eligible auto loans requested within thirty (30) days of loan opening. Approved borrowers may qualify for a 0.25% APR reduction for each of the following activities, up to a maximum total reduction of 1.00% APR: opening an Everyday or Growth Checking account; establishing direct deposit to a new or existing Listerhill account; setting up automatic payments for a new or existing Listerhill loan; opening a Listerhill Visa® Signature Rewards or Visa® Platinum credit card; and/or refinancing a loan from another financial institution with Listerhill. Discounted rates will not be reduced below 6.00% APR. Existing Listerhill loans are not eligible for refinance discounts. Offer cannot be combined with any other promotion. Additional eligibility requirements and restrictions may apply. Visit listerhill.com/relationship for complete details.
For qualified borrowers, the CU can finance up to 100% of M.S.R.P. or purchase price, whichever is less including taxes, tag, and title fees. Rates are based on credit risk. Financing is available on new vehicles up to 72 months on auto loans of $30,000 or more.
$25,0000; As Low As
($30,000 and above)
Up to 25,000 miles Up to 135% of Retail - see below
Credit Score: 799-740
Credit Score: 850-800
Rates as low as
Relationship pricing discounts are available on eligible auto loans requested within thirty (30) days of loan opening. Approved borrowers may qualify for a 0.25% APR reduction for each of the following activities, up to a maximum total reduction of 1.00% APR: opening an Everyday or Growth Checking account; establishing direct deposit to a new or existing Listerhill account; setting up automatic payments for a new or existing Listerhill loan; opening a Listerhill Visa® Signature Rewards or Visa® Platinum credit card; and/or refinancing a loan from another financial institution with Listerhill. Discounted rates will not be reduced below 6.00% APR. Existing Listerhill loans are not eligible for refinance discounts. Offer cannot be combined with any other promotion. Additional eligibility requirements and restrictions may apply. Visit listerhill.com/relationship for complete details.
25,001 miles to 99,999 miles Up to 135% of Retail - see below
As Low As
Credit Score: 699-650
Credit Score: 749-700
As low as; Maximum Amount: up to 120% of MSRP or NADA retail including tax, tag, doc fees, warranty, and GAP
Nashville Used Auto Auto Loan Rates
Rates Subject to Change. APR=Annual Percentage Rate. Rates Effective June 1, 2026.
As low as
Rates Subject to Change. APR=Annual Percentage Rate. Rates Effective June 1, 2026.
Used Auto
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Learn more. Purchase of a used 2022 year car would have a 5.99% APR for 60 months, monthly payment of $579.84 for $30,000 financing, down payment of $0.
2018-2025
2018-2025
2018-2025
2018-2025
2018-2025
As Low As; up to 120%
Up to 25,000 miles Up to 135% of Retail - see below
Up to 25,000 miles Up to 135% of Retail - see below
As Low As
As low as 4.74% with member discount
Luxury Only
Collateral Type: Used
As Low As;*
As Low As
Rates as low as
As Low As; Motorized Vehicle Loan rates displayed include a 0.50% rate discount for having an automatic payment from a Patriot Equity Credit Union checking account.
Up to 25,000 miles Up to 135% of Retail - see below
As Low As
As Low As
125% financing available.
As low as. Rates increase by 1% for automobiles over 100,000 miles.
25,001 miles to 99,999 miles Up to 135% of Retail - see below
As low as 5.49% with member discount
25,001 miles to 99,999 miles Up to 135% of Retail - see below
As Low As
As Low As
As Low As
Luxury Only
($20,000-$29,999)
2013-2022 models
As Low As
Model Term Annual Percentage Rate 0 - 5 Years Old. Finance up to 100% of NADA value of vehicles 5 years or newer with less than 100,000 miles. Finance up to 100% of the NADA value of vehicles 6 - 10 years old. Finance up to 90% of the NADA value of vehicles 11 years or older. Vehicles with mileage over 100,000 miles will have an additional 1.5% added to the interest rate. The NADA loan value for vehicles with 100,000 miles or more will determine the amount financed.
$25,0000; As Low As
($30,000 and above)
Up to 25,000 miles Up to 135% of Retail - see below
Rates as low as
Managed Credit Program: The Annual Percentage Rate(APR) will be determined by your credit worthiness.
25,001 miles to 99,999 miles Up to 135% of Retail - see below
As low as. Rates increase by 1% for automobiles over 100,000 miles.
Nashville, TN Auto Loan Rate Trends
Compare local Nashville, TN 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.
Tennessee new auto rates fell 0.335 points over the past 7 days to 6.360% APR.
Tennessee used auto rates fell 0.047 points over the past 7 days to 6.911% APR.
What Would Your Monthly Car Payment Be?
Estimated monthly payments on a standard 60-month auto loan at today’s average Tennessee 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 @ 6.36% APR TN average | Used Auto @ 6.91% APR TN average | Monthly Difference |
|---|---|---|---|
| $15,000 | $292.51/mo | $296.39/mo | $3.88/mo |
| $25,000 | $487.52/mo | $493.98/mo | $6.46/mo |
| $35,000 | $682.53/mo | $691.58/mo | $9.05/mo |
| $45,000 | $877.54/mo | $889.17/mo | $11.63/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.
About Our Nashville, Tennessee Auto Loan Rate Database
Our Nashville, Tennessee auto loan tables currently track 51 banks and credit unions offering new and used vehicle financing to borrowers in this market. Every APR is sourced directly from the lender’s own website and re-verified regularly, so the rates you compare here reflect what lenders are actually advertising today — not stale or estimated numbers.
The lowest verified auto loan APR in our Nashville, Tennessee database right now is 3.34% APR from American Airlines Federal Credit Union. Advertised APRs typically assume excellent credit, so use the full rate table above to compare offers across your actual credit tier.
How to Get the Best Auto Loan Rate in Nashville, Tennessee
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Nashville, Tennessee 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 Tennessee. 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 Nashville, Tennessee 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 → Nashville, Tennessee CD rates lock in a guaranteed return until you’re ready to buy
Tennessee Financial Snapshot
Local demographics and economic context for car buyers — Source: U.S. Census Bureau (state-level data shown — city data not available)
A $585 monthly car payment works out to roughly 16.6% of the median individual income in Tennessee. Most budgeting guidelines suggest keeping total vehicle costs — payment, insurance, fuel, and maintenance — under 15–20% of take-home pay.
Auto Financing Options Compared
An auto loan isn’t the only way to finance a vehicle in Nashville, Tennessee — but for most borrowers it’s the cheapest. Here’s how the main options stack up.
| Feature | Credit Union Auto Loan | Bank Auto Loan | Dealer Financing | Personal Loan |
|---|---|---|---|---|
| Typical APR Level | ✓ Often lowest | ✓ Competitive | ● Varies — can be marked up | ✗ Highest (unsecured) |
| Rate Locked Before You Shop | ✓ Yes, via preapproval | ✓ Yes, via preapproval | ✗ Arranged at the dealership | ✓ Yes |
| Membership / Relationship Required | ● Membership (usually easy) | ✗ No | ✗ No | ✗ No |
| Works for Private-Party Sales | ✓ Usually | ● Sometimes | ✗ No | ✓ Yes |
| Convenience at Purchase | ● Preapproval step first | ● Preapproval step first | ✓ One-stop at the dealer | ● Funds in 1–3 days |
| Best For | Lowest total cost of borrowing | Existing bank customers & rate discounts | Manufacturer 0% promos on new cars | Older vehicles lenders won’t finance |
General comparison for educational purposes. Manufacturer promotional financing (0–2.9% APR offers) through dealers can beat any bank or credit union rate when you qualify — always compare the promo against a cash rebate plus outside financing.
Auto Loan Payment Calculator
Estimate your monthly payment on a new or used vehicle in Nashville, Tennessee. We’ve prefilled the APR with today’s TN 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 Nashville, Tennessee 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 Nashville, Tennessee 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 Nashville, Tennessee. We feature a comprehensive mix of lenders — from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in TN.
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 Nashville, Tennessee
How does my credit score affect my car loan rate in Tennessee?
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 Nashville, Tennessee?
Why are used car loan rates higher than new car rates?
Can I refinance my auto loan if rates drop or my credit improves?
What are the best Auto Loan rates in Nashville, Tennessee?
- American Airlines Federal Credit Union: 3.34% (New Auto)
- Nashville Firemens Credit Union: 4.49% (New Auto (90% of Retail))
- Ascend Federal Credit Union: 4.99% (New Vehicle Loan)
- Cornerstone Financial Credit Union: 4.99% (New Auto)
- Southeast Financial Credit Union: 5.00% (Other Vehicle Loans - 1st Term New)
Nashville, Tennessee Rates & Resources
