Melissa, Texas Best Auto Loan Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Melissa, Texas auto loan rates range from 2.00% to 6.29% APR, verified by MonitorBankRates as of October 14, 2026. Current auto loan rates in Melissa, Texas include Chase BankChase Bank2727 Sam Rayburn Hwy, Melissa, TX, 75454A+5.0 ★Texas Ratio: 3.68% offering New car purchase Loan at 6.24%, Mclennan County Employees Federal Credit UnionMclennan County Employees Federal Credit UnionA+5.0 ★Texas Ratio: 0.02% offering New Vehicles - With Approved Credit Loan at 2.00%, HIGHWAY DISTRICT 21HIGHWAY DISTRICT 21A+5.0 ★Texas Ratio: 0.39% offering Vehicle Loan at 2.50%, IBEW Local 66 Federal Credit UnionIBEW Local 66 Federal Credit UnionA+5.0 ★Texas Ratio: 1.25% offering New Automobile (NA) at 2.95%, Mount Olive Baptist Church Federal Credit UnionMount Olive Baptist Church Federal Credit UnionA5.0 ★Texas Ratio: 8.98% offering Auto Loans - New & Current Year Used Cars, Trucks & non-purchase collateral at 2.99%. Auto loan rates as of October 14, 2026 according to verified data from MonitorBankRates.
Melissa has 1 local institution in our database, with auto loan rates as low as 6.24% APR from Chase Bank at 2727 Sam Rayburn Hwy, Melissa, TX, 75454. 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 Melissa, Texas. Auto Loan Rates Last Updated and Verified: October 14, 2026
Compare Auto Loan Rates Today in Melissa, Texas & Surrounding Area
Melissa Auto Loan Rates
- 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
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Purchase of a new car would have a 6.24% APR for 60 months, monthly payment of $875.01 for $45,000 financing, down payment of $0
- 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
- 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
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Purchase of a used 2022 year car would have a 6.29% APR for 60 months, monthly payment of $584.04 for $30,000 financing, down payment of $0
- 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; Monthly Payments; APR Type: Fixed
As Low As; Monthly Payments; APR Type: Fixed
Model Year: 2026; NEW, USED, OR PROGRAM VEHICLES
Grade: A+ (800+); Credit score based on TransUnion TruVision
As Low As; Fixed rate for the life of the loan; Rates published as APR
Published rate range: 2.99% - 11.49%. Rates determined by the overall credit worthiness of each applicant
Model Year: 2026, 2025, 2024; NEW, USED, OR PROGRAM VEHICLES
Credit score minimum 700
As Low As; Auto Loan Rates
Credit Grade: A+ Credit*; Effective Date: September 22, 2026; *APR = Annual Percentage Rate
- Sep 25, 20263.22%▼ from 3.26%
- Sep 17, 20263.26%▲ from 3.01%
- Sep 14, 20263.01%first recorded
Published APR range: 3.24% - 14.49%.
As Low As; Auto & Recreational Loans
As Low As; Select Your Rate table
Published APR range: 3.39% - 12.95%. Effective Date: Monday, October 12th, 2026; APR range
Credit Grade: A Credit*; Effective Date: September 22, 2026; *APR = Annual Percentage Rate
- Sep 25, 20263.47%▲ from 3.26%
- Sep 17, 20263.26%▲ from 3.01%
- Sep 14, 20263.01%first recorded
Credit Grade: A+ Credit*; Effective Date: September 22, 2026; *APR = Annual Percentage Rate
- Sep 25, 20263.47%▲ from 3.26%
- Sep 17, 20263.26%first recorded
Published APR range: 3.47% to 18.00%. APR Type: Fixed; 72 months for $40,000 and above
- Sep 17, 20263.47%▲ from 3.20%
- Sep 14, 20263.20%first recorded
Published rate range: 3.49% - 11.99%. Rates determined by the overall credit worthiness of each applicant, as well as NADA book values for vehicle
As Low As; Rates shown include standard rate discounts.
- Sep 27, 20263.49%▲ from 3.24%
- Sep 18, 20263.24%first recorded
As Low As; Rates shown include standard rate discounts; HERO Savings Program may qualify for additional loan rate discounts
- Sep 27, 20263.49%▲ from 3.24%
- Sep 14, 20263.24%first recorded
APR range: 3.50% - 15.75%; Lowest rate includes 1% discount available; Membership required
Term: 36-months to 72-months; Published APR range: 3.61% to 15.96%. Rates based on credit history evaluation; New vehicles are loans on never-titled vehicles; Used vehicle rates apply to vehicles 10 years old or newer; 72-month term is for vehicle/recreational over $40,000
As low as; *
- Oct 4, 20263.74%▲ from 3.49%
- Sep 16, 20263.49%first recorded
As Low As; Fewer than 7,500 miles
As Low As; Fewer than 100,000 miles
As Low As; Model Year: All model years; Vehicles with less than 20k miles
As Low As; APR range
Term: Up to 36 months - 84 months; As Low As; APR range: 3.79% - 15.54% APR
- Oct 10, 20263.79%▲ from 3.43%
- Sep 14, 20263.43%first recorded
As Low As; Auto & Recreational Loans
As Low As; Model Year: 2025 & Newer
- Oct 14, 20263.84%▲ from 3.64%
- Sep 22, 20263.64%first recorded
As Low As; Year Models - 2022 & Newer; $10,000 Minimum; Financing up to 100% - Purchase Price or NADA Retail (whichever is less) plus TT&L
As Low As; Rates as of Oct 13, 2026 ET; Assumes excellent credit; New vehicles
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles or 7,500-30,000 miles; Rates as of Oct 13, 2026 ET
Published APR range: 3.89% - 12.95%. Effective Date: Monday, October 12th, 2026; APR range
As Low As; Year Models - 2023 & Newer; $20,000 Minimum; Financing up to 100% - Purchase Price or NADA Retail (whichever is less) plus TT&L
Grade: A+ (800+); Credit score based on TransUnion TruVision
Grade: A (720-799); Credit score based on TransUnion TruVision
As Low As; Fixed rate for the life of the loan; Rates published as APR
As Low As; Pre-Owned (Used) Automobile
Credit Grade: B Credit*; Effective Date: September 22, 2026; *APR = Annual Percentage Rate
- Sep 25, 20263.97%▼ from 4.06%
- Sep 17, 20264.06%▲ from 3.01%
- Sep 14, 20263.01%first recorded
Credit Grade: A Credit*; Effective Date: September 22, 2026; *APR = Annual Percentage Rate
- Sep 25, 20263.97%▼ from 4.06%
- Sep 17, 20264.06%first recorded
Credit Grade: A+ Credit*; Effective Date: September 22, 2026; *APR = Annual Percentage Rate
- Sep 25, 20263.97%▼ from 4.06%
- Sep 17, 20264.06%first recorded
As Low As; Year Models - 2025 & Newer; $35,000 Minimum; Financing up to 100% - Purchase Price or NADA Retail (whichever is less) plus TT&L
As Low As; New or used vehicle
As Low As; APR up to 18.00%; APR Type: Fixed; Certain conditions may apply
As Low As; APR up to 18.00%; APR Type: Fixed; Certain conditions may apply
As Low As; Depending on Age; Rates effective as of 1/1/2026
As Low As; Depending on Age
As Low As; Available Discounts: GAP or MCP, VSC, Ultra; Minimum Finance amount for term (footnote 1)
Published APR range: 3.99% to 14.55%. Used vehicle loan; Most loan rates are based on credit score; Eligible for .25% discount for online application and .25% discount with active checking account for at least 90 days
Automobiles; Rate Range: 3.99% _ 5.94%; Rates expressed in APR
As Low As; NEW Auto Loan Rates
- Oct 5, 20263.99%▼ from 4.40%
- Sep 14, 20264.40%first recorded
As Low As; USED Auto Loan Rates
- Oct 5, 20263.99%▼ from 4.99%
- Sep 14, 20264.99%first recorded
Up to $250,000; As Low As; Qualifying rate - Conditions apply
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
Published APR range: 3.99% to 14.39%.
Published APR range: 3.99% to 14.39%.
Published APR range: 3.99% to 14.39%.
Published APR range: 3.99% to 14.39%.
Published APR range: 3.99% to 14.39%.
APR range: 3.99% to 14.69%
APR range: 3.99% to 14.69%
APR range: 3.99% to 14.69%
APR range: 3.99% to 14.69%
APR range: 3.99% to 14.69%
As Low As; Rate range: 3.99% - 13.00%
As Low As; Financing: 80% MSRP or NADA Retail (20% down); APR
APR range: 3.99% - 18.00%
APR range: 3.99% - 18.00%
APR range: 3.99% - 18.00%
Published APR range: 3.99% - 18.00%. APR range as printed
Published APR range: 3.99% - 18.00%. APR range as printed
Published APR range: 3.99% - 18.00%. APR range as printed
Max Loan: 110% of price; APR available range: 3.99% to 17.74%
Max Loan: 110% of price; APR available range: 3.99% to 17.74%
Published APR range: 3.99% - 18.00%. Auto (Collateral) Loans; Rates shown include Service & Loyalty discounts of up to 0.50% APR
Published APR range: 3.99% - 18.00%. Auto (Collateral) Loans; Rates shown include Service & Loyalty discounts of up to 0.50% APR
As Low As; *3.99% on new loans, not eligible for in-house refinance
APR range 3.99% - 16.99%; Effective Date: 10/13/2026
As Low As; APR applies to well-qualified borrowers; APR dependent on collateral, loan amount, credit and term selected
As Low As; Auto Loan Rates
As Low As; Rates based on credit score of 740+; rates effective 03/18/2026
Published APR range: 3.99% - 11.24%. As Low As; Loan Type: New and Used; Fixed APR; Lone Star Rewards Discounts included
Credit score minimum 700
Final rates are determined based on credit score and other factors.
Published APR range: 4.00% - 14.00%.
Tier 1 750-up; Loan Type (2016-New)
Tier 1 750-up; Loan Type (2016-New)
As Low As; Model Year: All model years; Vehicles with less than 20k miles
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
APR includes discounts; may vary based on credit underwriting or services used
As low as
Rate Type: Fixed
As Low As; Maximum Loan: 100%
As Low As; Maximum Loan: 100%
- Oct 1, 20264.00%▼ from 4.50%
- Sep 14, 20264.50%first recorded
As Low As; Maximum Loan: NADA RETAIL VALUE
Rate range: 4.00% to 12.00% (low end shown); Interest Rate* footnote: Annual Percentage Rate; term unit not printed in source
As Low As
APR range: 4.00% - 16.00%; Lowest rate includes 1% discount available; Membership required
As Low As; Model Year: 2019-2025
Model Year: 2011 to 2015
As Low As; Business Vehicle Loan Rates; New vehicles: new and late model used vehicles (2025 and newer model years) with 30,000 or fewer miles
As Low As; Auto & Recreational Loans
As Low As; APR* as low as 4.10%; Rate based on creditworthiness and term of loan
Rate Type: Fixed
Rates effective as of September 1, 2026; As low as rate subject to credit score, loan term, and relationship discounts; Loyalty rate deduction available
Model Year: 2016 to 2019
Tier 2 700-749; Loan Type (2016-New)
Tier 2 700-749; Loan Type (2016-New)
As Low As; Rates effective July 1, 2026
As Low As; Vehicle Year: 2025 & Newer; A+ rate for automobiles
As Low As; *
Up to $250,000; As Low As
- Oct 5, 20264.24%▼ from 4.25%
- Sep 17, 20264.25%first recorded
As Low As
As Low As
As Low As; Rates effective October 1, 2026; rates quoted are APR; with approved credit
- Oct 14, 20264.24%▲ from 3.94%
- Sep 18, 20263.94%first recorded
As Low As; Rates effective October 1, 2026; rates quoted are APR; with approved credit
- Oct 14, 20264.24%▲ from 3.94%
- Sep 18, 20263.94%first recorded
As Low As; Rates effective October 1, 2026; rates quoted are APR; with approved credit
- Oct 14, 20264.24%▲ from 4.14%
- Sep 14, 20264.14%first recorded
Maximum available term: Up to 84 months
As Low As; Rates based on credit score of 740+; rates effective 03/18/2026
As Low As; Model Year: 2026; Monthly Payment As Per $1,000: $29.63; Rates based on down payment of 10% or more; add 0.25% for down payments less than 10%
Model Year: 2020 to 2024
Published APR range: 4.25% - 14.25%.
Published APR range: 4.25% - 14.25%.
Tier 1 750-up; Loan Type (2016-New)
As Low As; Model Year: 2020 & newer; Vehicles with less than 20k miles
As Low As; Up to 60 month financing available
- Oct 8, 20264.25%▲ from 4.00%
- Sep 14, 20264.00%first recorded
As Low As; starting as low as 4.25%; Loans subject to approval; rate discounts up to 1.00% available
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
As Low As; Fixed Rate
As Low As; Fixed Rate
Published APR range: 4.25% - 12.25%. As Low As; Maximum Discount Rate: 3.50%; Advertised rates are credit score based and equivalent to an A borrower with all maximum rate discounts applied (0.75%)
Up to $250,000; As Low As; Qualifying rate - Conditions apply
Up to $250,000; As Low As
APR includes discounts; may vary based on credit underwriting or services used
As low as
As low as
As Low As; Rate range: 4.25% - 13.49%
As Low As; Rate range: 4.25% - 13.75%
Rate Type: Fixed
As Low As; APR range
As Low As; APR range
Risk Tier: A+; Credit score range: 720+
As Low As
As Low As; Used Autos: 2015 or older - 1% more than Used Auto Rates
APR range: 4.25% - 16.25%; Lowest rate includes 1% discount available; Membership required
Credit Grade: C Credit*; Effective Date: September 22, 2026; *APR = Annual Percentage Rate
- Sep 25, 20264.27%▲ from 4.06%
- Sep 17, 20264.06%▲ from 3.01%
- Sep 14, 20263.01%first recorded
Credit Grade: B Credit*; Effective Date: September 22, 2026; *APR = Annual Percentage Rate
- Sep 25, 20264.27%▲ from 4.06%
- Sep 17, 20264.06%first recorded
Credit Grade: A Credit*; Effective Date: September 22, 2026; *APR = Annual Percentage Rate
- Sep 25, 20264.27%▲ from 4.06%
- Sep 17, 20264.06%first recorded
Credit Grade: A+ Credit*; Effective Date: September 22, 2026; *APR = Annual Percentage Rate
- Sep 25, 20264.27%▲ from 4.06%
- Sep 17, 20264.06%first recorded
As Low As; Rates as of Oct 13, 2026 ET; Assumes excellent credit; New vehicles
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles or 7,500-30,000 miles; Rates as of Oct 13, 2026 ET
As Low As; Rate includes both discounts
Rate includes both discounts
Published APR range: 4.29% - 17.99%. Down payment: as low as 0%
Published APR range: 4.29% -17.99%. Year: 2026-2025; Maximum Loan: NADA Value
Published APR range: 4.29% - 17.99%. Year: 2024; Maximum Loan: NADA Value
Published APR range: 4.29% - 17.99%. Year: 2023; Maximum Loan: NADA Value
As Low As
Additional APR listed for this product: 4.62%, 4.92%, 5.12%, 5.62%, 5.92%. As Low As; Loan Amount: Over $35,000
As Low As; New auto loans (0-2 years old with few than 36,000 miles); Minimum loan amount of $10,000; Lowest advertised rate includes maximum 0.50% discount for new and used auto loans
- Oct 14, 20264.34%▲ from 3.99%
- Sep 18, 20263.99%first recorded
As Low As; Model Year: 2025 & Newer
- Oct 14, 20264.34%▲ from 4.14%
- Sep 22, 20264.14%first recorded
Model Year: 2025 to 2027
As Low As; Rates reduced by 0.10% APR if application is submitted online; Used vehicles financed up to 100% of NADA Retail Value
Rate Type: Fixed
Published APR range: 4.39% -13.14%. Effective Date: Monday, October 12th, 2026; APR range
As Low As; Rate based on creditworthiness and term of loan
As Low As; Rate based on creditworthiness and term of loan
As Low As; Rates effective October 1, 2026; rates quoted are APR; with approved credit
- Oct 14, 20264.39%▲ from 4.29%
- Sep 14, 20264.29%first recorded
Model Year: New 2026 (6,000 miles or less); Auto debit discount of 0.25% APR, Member Loyalty discount of .25% APR, and loan to value of less than 90% discount of 0.25% APR. Discounts may not exceed 0.75% APR.
Melissa New Auto Auto Loan Rates
- 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
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Purchase of a new car would have a 6.24% APR for 60 months, monthly payment of $875.01 for $45,000 financing, down payment of $0
- 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; Monthly Payments; APR Type: Fixed
As Low As; Monthly Payments; APR Type: Fixed
Grade: A+ (800+); Credit score based on TransUnion TruVision
As Low As; Fixed rate for the life of the loan; Rates published as APR
Published rate range: 2.99% - 11.49%. Rates determined by the overall credit worthiness of each applicant
Credit score minimum 700
As Low As; Auto Loan Rates
Published APR range: 3.24% - 14.49%.
As Low As; Auto & Recreational Loans
Published APR range: 3.39% - 12.95%. Effective Date: Monday, October 12th, 2026; APR range
Published APR range: 3.47% to 18.00%. APR Type: Fixed; 72 months for $40,000 and above
- Sep 17, 20263.47%▲ from 3.20%
- Sep 14, 20263.20%first recorded
As Low As; Rates shown include standard rate discounts.
- Sep 27, 20263.49%▲ from 3.24%
- Sep 18, 20263.24%first recorded
Term: 36-months to 72-months; Published APR range: 3.61% to 15.96%. Rates based on credit history evaluation; New vehicles are loans on never-titled vehicles; Used vehicle rates apply to vehicles 10 years old or newer; 72-month term is for vehicle/recreational over $40,000
As low as; *
- Oct 4, 20263.74%▲ from 3.49%
- Sep 16, 20263.49%first recorded
As Low As; Fewer than 7,500 miles
As Low As; APR range
As Low As; Year Models - 2022 & Newer; $10,000 Minimum; Financing up to 100% - Purchase Price or NADA Retail (whichever is less) plus TT&L
As Low As; Rates as of Oct 13, 2026 ET; Assumes excellent credit; New vehicles
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles or 7,500-30,000 miles; Rates as of Oct 13, 2026 ET
Published APR range: 3.89% - 12.95%. Effective Date: Monday, October 12th, 2026; APR range
As Low As; Year Models - 2023 & Newer; $20,000 Minimum; Financing up to 100% - Purchase Price or NADA Retail (whichever is less) plus TT&L
Grade: A+ (800+); Credit score based on TransUnion TruVision
Grade: A (720-799); Credit score based on TransUnion TruVision
As Low As; Fixed rate for the life of the loan; Rates published as APR
As Low As; Year Models - 2025 & Newer; $35,000 Minimum; Financing up to 100% - Purchase Price or NADA Retail (whichever is less) plus TT&L
As Low As; New or used vehicle
As Low As; APR up to 18.00%; APR Type: Fixed; Certain conditions may apply
As Low As; Depending on Age; Rates effective as of 1/1/2026
Automobiles; Rate Range: 3.99% _ 5.94%; Rates expressed in APR
As Low As; NEW Auto Loan Rates
- Oct 5, 20263.99%▼ from 4.40%
- Sep 14, 20264.40%first recorded
Up to $250,000; As Low As; Qualifying rate - Conditions apply
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
Published APR range: 3.99% to 14.39%.
Published APR range: 3.99% to 14.39%.
Published APR range: 3.99% to 14.39%.
Published APR range: 3.99% to 14.39%.
Published APR range: 3.99% to 14.39%.
As Low As; Rate range: 3.99% - 13.00%
As Low As; Financing: 80% MSRP or NADA Retail (20% down); APR
APR range: 3.99% - 18.00%
APR range: 3.99% - 18.00%
APR range: 3.99% - 18.00%
Max Loan: 110% of price; APR available range: 3.99% to 17.74%
Max Loan: 110% of price; APR available range: 3.99% to 17.74%
Published APR range: 3.99% - 18.00%. Auto (Collateral) Loans; Rates shown include Service & Loyalty discounts of up to 0.50% APR
APR range 3.99% - 16.99%; Effective Date: 10/13/2026
As Low As; APR applies to well-qualified borrowers; APR dependent on collateral, loan amount, credit and term selected
As Low As; Rates based on credit score of 740+; rates effective 03/18/2026
Credit score minimum 700
Final rates are determined based on credit score and other factors.
Published APR range: 4.00% - 14.00%.
Tier 1 750-up; Loan Type (2016-New)
Tier 1 750-up; Loan Type (2016-New)
As Low As
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
APR includes discounts; may vary based on credit underwriting or services used
As low as
Rate Type: Fixed
As Low As; Maximum Loan: 100%
As Low As; Maximum Loan: 100%
- Oct 1, 20264.00%▼ from 4.50%
- Sep 14, 20264.50%first recorded
Rate range: 4.00% to 12.00% (low end shown); Interest Rate* footnote: Annual Percentage Rate; term unit not printed in source
As Low As
As Low As; Model Year: 2019-2025
As Low As; Business Vehicle Loan Rates; New vehicles: new and late model used vehicles (2025 and newer model years) with 30,000 or fewer miles
As Low As; Auto & Recreational Loans
As Low As; APR* as low as 4.10%; Rate based on creditworthiness and term of loan
Rate Type: Fixed
Rates effective as of September 1, 2026; As low as rate subject to credit score, loan term, and relationship discounts; Loyalty rate deduction available
Tier 2 700-749; Loan Type (2016-New)
Tier 2 700-749; Loan Type (2016-New)
As Low As; *
As Low As; Rates effective October 1, 2026; rates quoted are APR; with approved credit
- Oct 14, 20264.24%▲ from 3.94%
- Sep 18, 20263.94%first recorded
As Low As; Rates effective October 1, 2026; rates quoted are APR; with approved credit
- Oct 14, 20264.24%▲ from 3.94%
- Sep 18, 20263.94%first recorded
As Low As; Rates effective October 1, 2026; rates quoted are APR; with approved credit
- Oct 14, 20264.24%▲ from 4.14%
- Sep 14, 20264.14%first recorded
As Low As; Rates based on credit score of 740+; rates effective 03/18/2026
As Low As; Model Year: 2026; Monthly Payment As Per $1,000: $29.63; Rates based on down payment of 10% or more; add 0.25% for down payments less than 10%
Published APR range: 4.25% - 14.25%.
Published APR range: 4.25% - 14.25%.
Tier 1 750-up; Loan Type (2016-New)
As Low As; Up to 60 month financing available
- Oct 8, 20264.25%▲ from 4.00%
- Sep 14, 20264.00%first recorded
As Low As; starting as low as 4.25%; Loans subject to approval; rate discounts up to 1.00% available
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
As Low As; Fixed Rate
Published APR range: 4.25% - 12.25%. As Low As; Maximum Discount Rate: 3.50%; Advertised rates are credit score based and equivalent to an A borrower with all maximum rate discounts applied (0.75%)
Up to $250,000; As Low As; Qualifying rate - Conditions apply
APR includes discounts; may vary based on credit underwriting or services used
As low as
As low as
As Low As; Rate range: 4.25% - 13.49%
Rate Type: Fixed
As Low As; APR range
As Low As
As Low As; Rates as of Oct 13, 2026 ET; Assumes excellent credit; New vehicles
As Low As; New Vehicles: 2025 and newer model years with under 7,500 miles or 7,500-30,000 miles; Rates as of Oct 13, 2026 ET
As Low As; Rate includes both discounts
Rate includes both discounts
Published APR range: 4.29% - 17.99%. Down payment: as low as 0%
Additional APR listed for this product: 4.62%, 4.92%, 5.12%, 5.62%, 5.92%. As Low As; Loan Amount: Over $35,000
As Low As; New auto loans (0-2 years old with few than 36,000 miles); Minimum loan amount of $10,000; Lowest advertised rate includes maximum 0.50% discount for new and used auto loans
- Oct 14, 20264.34%▲ from 3.99%
- Sep 18, 20263.99%first recorded
As Low As; Rates reduced by 0.10% APR if application is submitted online; Used vehicles financed up to 100% of NADA Retail Value
Rate Type: Fixed
Published APR range: 4.39% -13.14%. Effective Date: Monday, October 12th, 2026; APR range
As Low As; Rate based on creditworthiness and term of loan
As Low As; Rates effective October 1, 2026; rates quoted are APR; with approved credit
- Oct 14, 20264.39%▲ from 4.29%
- Sep 14, 20264.29%first recorded
Model Year: New 2026 (6,000 miles or less); Auto debit discount of 0.25% APR, Member Loyalty discount of .25% APR, and loan to value of less than 90% discount of 0.25% APR. Discounts may not exceed 0.75% APR.
Melissa Used Auto Auto Loan Rates
- 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
For customers with excellent credit who apply online. Your rate may vary based on credit history, vehicle, financing amount and term. Purchase of a used 2022 year car would have a 6.29% APR for 60 months, monthly payment of $584.04 for $30,000 financing, down payment of $0
- 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
Published rate range: 2.99% - 11.49%. Rates determined by the overall credit worthiness of each applicant
Published APR range: 3.24% - 14.49%.
Published APR range: 3.39% - 12.95%. Effective Date: Monday, October 12th, 2026; APR range
Published APR range: 3.47% to 18.00%. APR Type: Fixed; 72 months for $40,000 and above
- Sep 17, 20263.47%▲ from 3.20%
- Sep 14, 20263.20%first recorded
Published rate range: 3.49% - 11.99%. Rates determined by the overall credit worthiness of each applicant, as well as NADA book values for vehicle
As Low As; Rates shown include standard rate discounts; HERO Savings Program may qualify for additional loan rate discounts
- Sep 27, 20263.49%▲ from 3.24%
- Sep 14, 20263.24%first recorded
Term: 36-months to 72-months; Published APR range: 3.61% to 15.96%. Rates based on credit history evaluation; New vehicles are loans on never-titled vehicles; Used vehicle rates apply to vehicles 10 years old or newer; 72-month term is for vehicle/recreational over $40,000
As low as; *
- Oct 4, 20263.74%▲ from 3.49%
- Sep 16, 20263.49%first recorded
As Low As; Fewer than 100,000 miles
As Low As; Model Year: All model years; Vehicles with less than 20k miles
As Low As; APR range
As Low As; Auto & Recreational Loans
As Low As; Year Models - 2022 & Newer; $10,000 Minimum; Financing up to 100% - Purchase Price or NADA Retail (whichever is less) plus TT&L
Published APR range: 3.89% - 12.95%. Effective Date: Monday, October 12th, 2026; APR range
As Low As; Year Models - 2023 & Newer; $20,000 Minimum; Financing up to 100% - Purchase Price or NADA Retail (whichever is less) plus TT&L
As Low As; Pre-Owned (Used) Automobile
As Low As; Year Models - 2025 & Newer; $35,000 Minimum; Financing up to 100% - Purchase Price or NADA Retail (whichever is less) plus TT&L
As Low As; New or used vehicle
As Low As; APR up to 18.00%; APR Type: Fixed; Certain conditions may apply
Published APR range: 3.99% to 14.55%. Used vehicle loan; Most loan rates are based on credit score; Eligible for .25% discount for online application and .25% discount with active checking account for at least 90 days
As Low As; USED Auto Loan Rates
- Oct 5, 20263.99%▼ from 4.99%
- Sep 14, 20264.99%first recorded
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
Published APR range: 3.99% to 16.19%. Rates below are for motorcycle, boat, RV and aircraft loans only
APR range: 3.99% to 14.69%
APR range: 3.99% to 14.69%
APR range: 3.99% to 14.69%
APR range: 3.99% to 14.69%
APR range: 3.99% to 14.69%
As Low As; Financing: 80% MSRP or NADA Retail (20% down); APR
Published APR range: 3.99% - 18.00%. APR range as printed
Published APR range: 3.99% - 18.00%. APR range as printed
Published APR range: 3.99% - 18.00%. APR range as printed
Max Loan: 110% of price; APR available range: 3.99% to 17.74%
Max Loan: 110% of price; APR available range: 3.99% to 17.74%
Published APR range: 3.99% - 18.00%. Auto (Collateral) Loans; Rates shown include Service & Loyalty discounts of up to 0.50% APR
As Low As; APR applies to well-qualified borrowers; APR dependent on collateral, loan amount, credit and term selected
Published APR range: 4.00% - 14.00%.
Tier 1 750-up; Loan Type (2016-New)
Tier 1 750-up; Loan Type (2016-New)
As Low As; Model Year: All model years; Vehicles with less than 20k miles
As Low As
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
APR includes discounts; may vary based on credit underwriting or services used
As low as
As Low As; Maximum Loan: NADA RETAIL VALUE
As Low As; Model Year: 2019-2025
As Low As; APR* as low as 4.10%; Rate based on creditworthiness and term of loan
Tier 2 700-749; Loan Type (2016-New)
Tier 2 700-749; Loan Type (2016-New)
Up to $250,000; As Low As
- Oct 5, 20264.24%▼ from 4.25%
- Sep 17, 20264.25%first recorded
As Low As; Rates effective October 1, 2026; rates quoted are APR; with approved credit
- Oct 14, 20264.24%▲ from 3.94%
- Sep 18, 20263.94%first recorded
As Low As; Rates effective October 1, 2026; rates quoted are APR; with approved credit
- Oct 14, 20264.24%▲ from 3.94%
- Sep 18, 20263.94%first recorded
As Low As; Rates effective October 1, 2026; rates quoted are APR; with approved credit
- Oct 14, 20264.24%▲ from 4.14%
- Sep 14, 20264.14%first recorded
Published APR range: 4.25% - 14.25%.
Published APR range: 4.25% - 14.25%.
Tier 1 750-up; Loan Type (2016-New)
As Low As; Model Year: 2020 & newer; Vehicles with less than 20k miles
As Low As; starting as low as 4.25%; Loans subject to approval; rate discounts up to 1.00% available
Score: 730+; Grade of Paper: A+; Effective October 1, 2026
As Low As; Fixed Rate
Up to $250,000; As Low As
APR includes discounts; may vary based on credit underwriting or services used
As low as
As low as
As Low As; Rate range: 4.25% - 13.75%
As Low As; APR range
As Low As; APR range
As Low As; Used Autos: 2015 or older - 1% more than Used Auto Rates
As Low As; Rate includes both discounts
Rate includes both discounts
Published APR range: 4.29% -17.99%. Year: 2026-2025; Maximum Loan: NADA Value
Published APR range: 4.29% - 17.99%. Year: 2024; Maximum Loan: NADA Value
Published APR range: 4.29% - 17.99%. Year: 2023; Maximum Loan: NADA Value
As Low As; Rates reduced by 0.10% APR if application is submitted online; Used vehicles financed up to 100% of NADA Retail Value
Published APR range: 4.39% -13.14%. Effective Date: Monday, October 12th, 2026; APR range
As Low As; Rate based on creditworthiness and term of loan
As Low As; Rates effective October 1, 2026; rates quoted are APR; with approved credit
- Oct 14, 20264.39%▲ from 4.29%
- Sep 14, 20264.29%first recorded
Melissa, TX Auto Loan Rate Trends
Compare local Melissa, TX 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.
Texas new auto rates fell 0.032 points over the past 7 days to 5.209% APR.
Texas used auto rates fell 0.071 points over the past 7 days to 5.723% APR.
Melissa, TX 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 Texas 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 Texas 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 @ 5.21% APR TX average | Used Auto @ 5.72% APR TX average | Monthly Difference |
|---|---|---|---|
| $15,000 | $284.51/mo | $288.06/mo | $3.55/mo |
| $25,000 | $474.18/mo | $480.10/mo | $5.92/mo |
| $35,000 | $663.85/mo | $672.14/mo | $8.29/mo |
| $45,000 | $853.53/mo | $864.19/mo | $10.66/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 Melissa, Texas
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Melissa, Texas 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 Texas. 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 Melissa, Texas 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: Melissa, Texas CD rates lock in a guaranteed return until you’re ready to buy
Melissa, Texas Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $569 monthly car payment works out to roughly 9.9% of the median individual income in Melissa, Texas. 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 Melissa, Texas, 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 Melissa, Texas. We’ve prefilled the APR with today’s TX 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 Melissa, Texas 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 Melissa, Texas 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 Melissa, Texas. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in TX.
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 Melissa, Texas
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 Melissa, Texas
How does my credit score affect my car loan rate in Texas?
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 Melissa, Texas?
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 Melissa, Texas?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Melissa, Texas?
- Chase Bank: 6.24% (New car purchase Loan)
- Mclennan County Employees Federal Credit Union: 2.00% (New Vehicles - With Approved Credit Loan)
- HIGHWAY DISTRICT 21: 2.50% (Vehicle Loan)
- IBEW Local 66 Federal Credit Union: 2.95% (New Automobile (NA))
- Mount Olive Baptist Church Federal Credit Union: 2.99% (Auto Loans - New & Current Year Used Cars, Trucks & non-purchase collateral)
Melissa, Texas Rates & Resources
