Champaign, Illinois Best Auto Loan Rates for November 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Champaign, Illinois auto loan rates range from 2.49% to 10.50% APR, verified by MonitorBankRates as of November 9, 2026. Current auto loan rates in Champaign, Illinois include University of Illinois Community Credit UnionUniversity of Illinois Community Credit Union2201 S 1ST ST, Champaign, IL, 61820 7402A+5.0 ★Texas Ratio: 4.34%Rate verified Nov 8, 2026 offering New & Used Vehicles, RV, and Boat Loans - 2022-2021 at 3.50%, Central Illinois Credit UnionCentral Illinois Credit Union2106 w john st, champaign, IL, 61821A+5.0 ★Texas Ratio: 5.85%Rate verified Nov 8, 2026 offering Vehicles, Motorcycles, Boats, Trailers, Rv's - 2019-2025 Loan at 3.50%, Illinois Educators Credit UnionIllinois Educators Credit Union1203 S Mattis Ave, Champaign, IL, 61821 4827A+5.0 ★Texas Ratio: 5.82%Rate verified Nov 8, 2026 offering Auto Loan at 4.49%, Chase BankChase Bank201 W University Ave, Champaign, IL, 61820A+5.0 ★Texas Ratio: 3.68%Rate verified Nov 5, 2026 offering Auto Loan - New car purchase at 6.09%, First State Bank (IL)First State Bank (IL)2911 Crossing Ct, Champaign, IL, 61822A+5.0 ★Texas Ratio: 3.55%Rate verified Nov 5, 2026 offering Auto Loan at 7.00%. Auto loan rates as of November 9, 2026 according to verified data from MonitorBankRates.
Champaign has 5 local institutions in our database, with auto loan rates as low as 3.50% APR from University of Illinois Community Credit Union at 2201 S 1ST ST, Champaign, IL, 61820 7402. 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 Champaign, Illinois. Auto Loan Rates Last Updated and Verified: November 9, 2026
Compare Auto Loan Rates Today in Champaign, Illinois & Surrounding Area
Champaign Auto Loan Rates
As Low As; Model Year: 2022-2021
As Low As; Model Year: 2023 or newer
As Low As; Model Year: 2023 or newer
As Low As; Model Year: 2023 or newer
As Low As; Model Year: 2019-2025
As Low As; Model Year: 2022-2021
- Nov 3, 20263.75%▲ from 3.50%
- Sep 21, 20263.50%first recorded
As Low As; Model Year: 2019-2020
As Low As; Model Year: 2022-2021
- Nov 3, 20264.00%▲ from 3.75%
- Sep 21, 20263.75%first recorded
As Low As; Model Year: 2023 or newer
- Nov 3, 20264.00%▲ from 3.75%
- Sep 21, 20263.75%first recorded
Over $15,000; As Low As; Loan value over $15,000
As Low As; Model Year: 2019-2020
- Nov 3, 20264.25%▲ from 4.00%
- Sep 21, 20264.00%first recorded
As Low As; Model Year: New 2026-2025; Effective Date: Saturday, November 7th, 2026
As Low As; Model Year: 2019-2020
- Nov 3, 20264.50%▲ from 4.25%
- Sep 21, 20264.25%first recorded
As Low As; Model Year: 2022-2021
- Nov 3, 20264.50%▲ from 4.25%
- Sep 21, 20264.25%first recorded
As Low As; Model Year: 2023 or newer
- Nov 3, 20264.50%▲ from 4.25%
- Sep 21, 20264.25%first recorded
As Low As; Model Year: New 2026-2025; 72 month financing applies to vehicles $20,000 or more; Effective Date: Saturday, November 7th, 2026
As Low As; Model Year: 2019-2020
- Nov 3, 20265.00%▲ from 4.75%
- Sep 21, 20264.75%first recorded
As Low As; Model Year: 2022-2021
- Nov 3, 20265.00%▲ from 4.75%
- Sep 21, 20264.75%first recorded
As Low As; Model Year: 2018 or older
- Nov 3, 20265.50%▲ from 5.25%
- Sep 21, 20265.25%first recorded
As Low As; Model Year: 2019-2020
- Nov 3, 20265.50%▲ from 5.25%
- Sep 21, 20265.25%first recorded
As Low As; Model Year: 2016-2018
As Low As; Model Year: 2018 or older
- Nov 3, 20265.75%▲ from 5.50%
- Sep 21, 20265.50%first recorded
As Low As; Model Year: 2018 or older
- Nov 3, 20266.00%▲ from 5.75%
- Sep 21, 20265.75%first recorded
Financing amount: $45,000; For online applicants with an excellent credit history
- Oct 31, 20266.09%▲ from 6.04%
- Oct 26, 20266.04%▼ from 6.24%
- Oct 14, 20266.24%first recorded
Financing amount: $30,000; For online applicants with an excellent credit history
- Oct 26, 20266.09%▼ from 6.29%
- Oct 14, 20266.29%first recorded
APR based on 60 months and $45,000 financing; for online applicants with excellent credit; new car purchase
- Oct 31, 20266.09%▼ from 6.24%
- Oct 2, 20266.24%▲ from 6.14%
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
APR based on 60 months and $30,000 financing; for online applicants with excellent credit; used car purchase
- Oct 31, 20266.09%▼ from 6.29%
- Oct 2, 20266.29%▲ from 6.19%
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
As Low As; Model Year: 2018 or older
- Nov 3, 20266.50%▲ from 6.25%
- Sep 21, 20266.25%first recorded
Over $15,000; As Low As; Model Year: 2016-2018; Loan value over $15,000
Model Year: 2025-New
As Low As; Model Year: 2018 or older
- Nov 3, 20267.00%▲ from 6.75%
- Sep 21, 20266.75%first recorded
As Low As; Model Year: 2022-2019; Effective Date: Saturday, November 7th, 2026
Model Year: 2024
Model Year: 2024
As Low As; Model Year: 2022-2019; Effective Date: Saturday, November 7th, 2026
Model Year: 2023
Model Year: 2022
Model Year: 2021
As Low As; Model Year: 2018-2016; Effective Date: Saturday, November 7th, 2026
Model Year: 2020 and older
As Low As; Model Year: 2015-2014; Effective Date: Saturday, November 7th, 2026
As Low As; Model Year: 2013 and Older; Effective Date: Saturday, November 7th, 2026
Credit Score: 750 plus; Vehicle Loan Rates November 2026
Credit Score: A: 700 and Up (Max $60,000 and Up); Share Pledge (S/P): 0.00%
Credit Grade: A: 700 and Up (Max $50,000 and Up); Share Pledge (S/P): 0.00%
Credit Score: 750 plus; Vehicle Loan Rates November 2026
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
Credit Score: 750 plus; Vehicle Loan Rates November 2026
Credit Score: A: 700 and Up (Max $60,000 and Up); Share Pledge (S/P): 0.00%
Credit Score: B: 625 - 699 (Max $50,000); Share Pledge (S/P): 5.00%
Credit Score: A 700 & Up; Maximum $120,000, Less than 10K miles, 90% financing or 100% with GAP insurance
As Low As; Featured new auto loan; Rates as low as 3.00% APR on qualifying 36-month 2025-2026 vehicle loans
Credit Score: A: 700 and Up (Max $60,000 and Up); Share Pledge (S/P): 0.00%
Credit Grade: A: 700 and Up (Max $50,000 and Up); Share Pledge (S/P): 0.00%
Maximum loan $55,000.00; rates available to current members only
Credit Score: 750 plus; Vehicle Loan Rates November 2026
All rates are based on 725 credit score
Term: Ranges between 36 months and 72 months; APR range: 3.251% - 16.001%; Term depends on age of vehicle; Finances up to 90% of Kelley's Blue Book value; Vehicle must be less than 7 years old; Up to $40K new car or $35K used car; Application fee: $20.00; Minimum requirement: vehicle description, most recent two pay stubs, proof of rent or mortgage, $50.00 deposit balance, credit union member, capacity to repay
As Low As
Credit Score: A: 700 and Up (Max $60,000 and Up); Share Pledge (S/P): 0.00%
Term: 1-72 month finance period; Vehicle Interest Rates
Loan Term for New & Used; Rates effective as of 11/2/2026; Rates offered to members meeting select credit criteria, including -.25% discount for Autopay
- Nov 3, 20263.49%▼ from 3.74%
- Oct 9, 20263.74%first recorded
Credit Score: 700-749; Vehicle Loan Rates November 2026
Credit Score: 750 plus; Vehicle Loan Rates November 2026
As Low As; Effective Date: November 7, 2025
Credit Grade: A: 700 and Up (Max $50,000 and Up); Share Pledge (S/P): 0.00%
As Low As; Rate as low as 3.500%; APR as low as 3.500%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
Credit Score: A 700 & Up; Maximum $120,000, Less than 10K miles, 90% financing or 100% with GAP insurance
Credit Score: B 625-699; Maximum $120,000, Less than 10K miles, 90% financing or 100% with GAP insurance
Credit Score: A 700 & Up; Black Book Avg Retail up to $100,000 max; Age of vehicle + term cannot exceed 10 yrs
Credit Score: A 700-above; 80% Financing, 20% down required; Call us before you make a car deal; also includes recreational vehicle loans (RVs, boats, motorcycles, ATVs)
- Oct 26, 20263.50%▼ from 4.00%
- Sep 14, 20264.00%first recorded
New Cars (rates as of 03/18/2026)
All rates are based on 725 credit score
Model Year: NEW; Rates assume excellent credit; Up to 125% financing available with added premium
Credit Score: 700-749; Vehicle Loan Rates November 2026
Credit Score: 750 plus; Vehicle Loan Rates November 2026
Type: NEW (2023-2026); Rates effective as of 10/1/2026
Trucks, Cars, SUVs, Motorcycles; Rates effective as of 10/1/2026
All rates are based on 725 credit score
As Low As
As Low As; Model Year: 2023 - 2027
As low as rate for 2023-2027 models; the 3.84% rate applies to the up-to-36-month term in the rate table
As Low As; Model Year: 2025 & Newer; Auto Loans
- Oct 14, 20263.84%▲ from 3.64%
- Sep 22, 20263.64%first recorded
Loan Amount: Up to retail value; Rates as of 03/18/2026
New Cars (rates as of 03/18/2026)
New Cars (rates as of 03/18/2026)
Model Years: 2025 - 2026; Loan Basis: NADA Trade-in Value
Best Rate; Special auto rate for new cars from the current year; Rates effective as of 12/01/2023
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
Cars, Motorcycles or ATVs; Add 1% extra for boats; No down payment required; New Molex loans only
As Low As; Model Year: 2025 & Newer
As Low As; Model Year: 2025 & Newer; Rates 0.25% higher without automatic payment option
As Low As; Vehicle Type: New & Previous Model Year (2025 & 2026); Effective Date 10/25/2026; APR includes 0.25% discount with automatic payment
As Low As; Vehicle Type: Used (2016 - 2024); Effective Date 10/25/2026; APR includes 0.25% discount with automatic payment
Credit Score: 700-749; Vehicle Loan Rates November 2026
Credit Score: 750 plus; Vehicle Loan Rates November 2026
As Low As; APR range: 3.99%-6.98%
APR range: 3.99%-6.98%
Boats, ATVs, UTV, Dirt Bikes; Rates effective as of 10/1/2026
As Low As; Rates include all applicable discounts; maximum discount of 0.50% APR; New vehicle rates apply to vehicles with less than 5,000 miles
As Low As; Rates include all applicable discounts; maximum discount of 0.50% APR; New vehicle rates apply to vehicles with less than 5,000 miles
As Low As; Interest rate range 3.99% to 14.99% (APR range 3.99% to 14.99%) based on credit score; maximum term 72 months; vehicles 5 years and older add 2.00% to each tier; rates are subject to change; new, used, and refinance auto loans
As Low As; Model Year: New Auto 2025 & Newer; Rates shown include a 0.25% Relationship Discount for qualified borrowers; $5,000 minimum loan amount
New Money Only; New 2026, 2025: 10% down
As Low As; Model Year: 2024
- Oct 19, 20263.99%▼ from 4.99%
- Oct 14, 20264.99%first recorded
As Low As; Model Year: 2025 & Newer
- Oct 19, 20263.99%▼ from 4.99%
- Oct 14, 20264.99%first recorded
As Low As; Rates and financing offered based on applicant's credit qualifications and verification of collateral. Repayment terms may be based on loan amount and model year of vehicle.
As Low As; Model Year: New Auto 2025 & Newer
As Low As; Model Year: 2025-2026 less than 5,000 miles
- Oct 19, 20263.99%▼ from 4.74%
- Oct 14, 20264.74%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As; Model Year: 2025-2026 less than 5,000 miles
- Oct 19, 20263.99%▼ from 4.74%
- Oct 14, 20264.74%▲ from 3.99%
- Sep 14, 20263.99%first recorded
Used Vehicles (2025, 2024, 2023, 2022, 2021, 2020); includes auto, truck, recreation vehicles, motorcycles; Rates range 3.99% - 15.04% APR; Rates effective as of 9/18/2026; Line of Credit: n/a
Credit Score: B: 625 - 699 (Max $50,000); Share Pledge (S/P): 5.00%
Credit Grade: A: 700 and Up (Max $50,000 and Up); Share Pledge (S/P): 0.00%
Credit Grade: B: 625 - 699 (Max $45,000); Share Pledge (S/P): 5.00%
Rates approved 06/11/2026; subject to change without notice
Credit Score: A 700 & Up; Maximum $120,000, Less than 10K miles, 90% financing or 100% with GAP insurance
Credit Score: B 625-699; Maximum $120,000, Less than 10K miles, 90% financing or 100% with GAP insurance
Credit Score: A 700 & Up; Black Book Avg Retail up to $100,000 max; Age of vehicle + term cannot exceed 10 yrs
Credit Score: B 625-699; Black Book Avg Retail up to $100,000 max; Age of vehicle + term cannot exceed 10 yrs
As Low As; Rates vary by FICO credit score; $15.00 loan application fee applies
Credit Score: B 640-699; 80% Financing, 20% down required; Call us before you make a car deal; also includes recreational vehicle loans (RVs, boats, motorcycles, ATVs)
Credit Score: A 700-above; 80% Financing, 20% down required; Call us before you make a car deal; also includes recreational vehicle loans (RVs, boats, motorcycles, ATVs)
Credit Score: A 700-above; 80% Financing, 20% down required; Call us before you make a car deal
Model Year: 2026 - 2024; Credit Score: 725+
As Low As; Model Years 2024-2026
- Oct 9, 20264.00%▲ from 3.75%
- Sep 14, 20263.75%first recorded
As Low As; Model Year: 2025 & Newer; *add .75% if member does not have a Visa or direct deposit
As Low As; rates based on FICO score; Maximum Term
As Low As; Rate based on FICO score; Annual Percentage Rate*
As Low As; Model Year: 2027-2026; Pmt/$1,000: $29.52; Rates based on A+ credit discount (credit score >740) and Multiple Service discount (active checking account with direct deposit)
All rates are based on 725 credit score
Model Year: NEW; Rates assume excellent credit; Up to 125% financing available with added premium
- Oct 5, 20264.04%▼ from 4.14%
- Sep 14, 20264.14%first recorded
As Low As; Model Year: 2026-2027; Rates include 0.25% discount on secured loans with LTV under 90%, 0.25% for automatic payment, and 0.25% for existing checking with direct deposit
As Low As
As Low As; Fall Vehicle Event; Model Years: 2024, '25, '26 & '27 Models
As Low As; Fall Vehicle Event; Model Years: 2024, '25, '26 & '27 Models
As Low As; Fall Vehicle Event; Model Years: 2024, '25, '26 & '27 Models
As Low As; Model Year: New Auto 2025 & Newer; Rates shown include a 0.25% Relationship Discount for qualified borrowers; $5,000 minimum loan amount
As Low As; Model Year: New Auto 2025 & Newer
As Low As; Advertised APR assumes excellent credit; New vehicles (2025 and newer, under 30,000 miles); Preapprovals good for 90 days; Exclusive rate discount for Active Duty and retired military; Rates as of Nov 05, 2026 ET
As Low As; Refinance; New vehicles: 2025 and newer model years with under 7,500 miles or 7,500-30,000 miles
- Oct 20, 20264.19%▲ from 3.89%
- Sep 30, 20263.89%first recorded
As Low As; New Vehicles: 2025 and newer model years with (a) under 7,500 miles, or (b) between 7,500 and 30,000 miles (late model used vehicles); Rates as of Nov 05, 2026 ET
Credit Score Grade: A; Credit Score Range: 700-759; Fully Pledged Loan; Loan Rates as of June 19, 2026
Credit Score Grade: A+; Credit Score Range: 760+; Fully Pledged Loan; Loan Rates as of June 19, 2026
Rates approved 06/11/2026; subject to change without notice
Loan Term for New & Used; Rates effective as of 11/2/2026; Rates offered to members meeting select credit criteria, including -.25% discount for Autopay
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.24%▼ from 4.49%
- Sep 14, 20264.49%first recorded
As Low As; Vehicle Type: New & Previous Model Year (2025 & 2026); Effective Date 10/25/2026; APR includes 0.25% discount with automatic payment
As Low As; Vehicle Type: Used (2016 - 2024); Effective Date 10/25/2026; APR includes 0.25% discount with automatic payment
As Low As; APR range: 4.24%-7.49%
APR range: 4.24%-7.49%
Vehicle Year: 2023 and Newer; Existing CCNCU loans excluded; All rates subject to credit approval; APR varies by loan length, credit score, and collateral value
- Nov 3, 20264.24%▲ from 3.74%
- Oct 13, 20263.74%first recorded
As Low As; Model Year: 2024 & Newer
As Low As; Model Year: 2025-2026 less than 5,000 miles
- Oct 19, 20264.24%▼ from 4.74%
- Oct 14, 20264.74%▲ from 4.24%
- Sep 14, 20264.24%first recorded
As Low As; Model Year: 2025-2026 less than 5,000 miles
- Oct 19, 20264.24%▼ from 4.74%
- Oct 14, 20264.74%▲ from 4.24%
- Sep 14, 20264.24%first recorded
As Low As; Model Year: 2026; Rates based on down payment of 10% or more; add 0.25% for down payments less than 10%
Vehicle Age: NEW
Maximum loan $55,000.00; rates available to current members only
Prime rate; 1 point APR reduction with Direct Deposit into PFCU Premier Checking
Prime rate; 1 point APR reduction with Direct Deposit into PFCU Premier Checking
Credit Score: 750 plus; Vehicle Loan Rates November 2026
Credit Score: 700-749; Vehicle Loan Rates November 2026
Credit Score: 750 plus; Vehicle Loan Rates November 2026
Type: NEW (2023-2026); Rates effective as of 10/1/2026
Type: USED (2019 - 2022); Rates effective as of 10/1/2026
Trucks, Cars, SUVs, Motorcycles; Rates effective as of 10/1/2026
Trucks, Cars, SUVs, Motorcycles; Rates effective as of 10/1/2026
Credit Score: C 550-624; Maximum $120,000, Less than 10K miles, 90% financing or 100% with GAP insurance
As Low As; Rates vary by FICO credit score; $15.00 loan application fee applies
As Low As; rates based on FICO score; Maximum Term
As Low As; Loan rates based on FICO score on credit report as assigned by credit bureau
As Low As; Rates effective as of 10/11/2024; Rates subject to change without notice
All rates are based on 725 credit score
New Money Only; New 2026, 2025: 10% down
Rates approved 06/11/2026; subject to change without notice
As Low As; Model Year: 2025 & Newer; Auto Loans
- Oct 14, 20264.34%▲ from 4.14%
- Sep 22, 20264.14%first recorded
As Low As; Model Year: New Auto 2025 & Newer; Rates shown include a 0.25% Relationship Discount for qualified borrowers; $5,000 minimum loan amount
As Low As; Model Year: 2023 - 2022
New Money Only; New 2026, 2025: 10% down
As Low As; Model Year: New Auto 2025 & Newer
As Low As; Model Year: New 2026-2027
As Low As; Model Year: New 2026-2027
As Low As; Model Year: New 2026-2027
As Low As; Model Year: New 2026-2027
As Low As; Model Year: New 2026-2027
As Low As; Loan-to-value: 100%; Rates effective as of 3/16/2026; Rate received is based on personal credit rating; reflects auto pay discount; excludes motorcycles and RVs
As Low As; New and late model used vehicles (2025 and newer model years) with 30,000 or fewer miles; Credit and collateral subject to approval
- Oct 31, 20264.44%▲ from 4.09%
- Sep 30, 20264.09%first recorded
Model Year: NEW; Rates assume excellent credit; Up to 125% financing available with added premium
- Oct 5, 20264.44%▼ from 4.54%
- Sep 14, 20264.54%first recorded
Used Vehicles (2025, 2024, 2023, 2022, 2021, 2020); includes auto, truck, recreation vehicles, motorcycles; Rates range 4.44% - 15.44% APR; Rates effective as of 9/18/2026; Line of Credit: n/a
Model Year: 2025 and Newer; Loan Type: With Auto Buying Service (includes 0.50% APR discount for CCU Car Buying Service); Rates effective October 12, 2026
Minimum loan amount: $1,000
Minimum loan amount: $20,001
Term: 1-72 month finance period; Vehicle Interest Rates
Loan Term for New & Used; Rates effective as of 11/2/2026; Rates offered to members meeting select credit criteria, including -.25% discount for Autopay
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.49%▼ from 4.74%
- Sep 14, 20264.74%first recorded
Champaign New Auto Auto Loan Rates
As Low As; Model Year: 2022-2021
As Low As; Model Year: 2023 or newer
As Low As; Model Year: 2023 or newer
As Low As; Model Year: 2023 or newer
As Low As; Model Year: 2022-2021
- Nov 3, 20263.75%▲ from 3.50%
- Sep 21, 20263.50%first recorded
As Low As; Model Year: 2019-2020
As Low As; Model Year: 2022-2021
- Nov 3, 20264.00%▲ from 3.75%
- Sep 21, 20263.75%first recorded
As Low As; Model Year: 2023 or newer
- Nov 3, 20264.00%▲ from 3.75%
- Sep 21, 20263.75%first recorded
As Low As; Model Year: 2019-2020
- Nov 3, 20264.25%▲ from 4.00%
- Sep 21, 20264.00%first recorded
As Low As; Model Year: 2019-2020
- Nov 3, 20264.50%▲ from 4.25%
- Sep 21, 20264.25%first recorded
As Low As; Model Year: 2022-2021
- Nov 3, 20264.50%▲ from 4.25%
- Sep 21, 20264.25%first recorded
As Low As; Model Year: 2023 or newer
- Nov 3, 20264.50%▲ from 4.25%
- Sep 21, 20264.25%first recorded
As Low As; Model Year: 2019-2020
- Nov 3, 20265.00%▲ from 4.75%
- Sep 21, 20264.75%first recorded
As Low As; Model Year: 2022-2021
- Nov 3, 20265.00%▲ from 4.75%
- Sep 21, 20264.75%first recorded
As Low As; Model Year: 2018 or older
- Nov 3, 20265.50%▲ from 5.25%
- Sep 21, 20265.25%first recorded
As Low As; Model Year: 2019-2020
- Nov 3, 20265.50%▲ from 5.25%
- Sep 21, 20265.25%first recorded
As Low As; Model Year: 2018 or older
- Nov 3, 20265.75%▲ from 5.50%
- Sep 21, 20265.50%first recorded
As Low As; Model Year: 2018 or older
- Nov 3, 20266.00%▲ from 5.75%
- Sep 21, 20265.75%first recorded
Financing amount: $45,000; For online applicants with an excellent credit history
- Oct 31, 20266.09%▲ from 6.04%
- Oct 26, 20266.04%▼ from 6.24%
- Oct 14, 20266.24%first recorded
APR based on 60 months and $45,000 financing; for online applicants with excellent credit; new car purchase
- Oct 31, 20266.09%▼ from 6.24%
- Oct 2, 20266.24%▲ from 6.14%
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
As Low As; Model Year: 2018 or older
- Nov 3, 20266.50%▲ from 6.25%
- Sep 21, 20266.25%first recorded
As Low As; Model Year: 2018 or older
- Nov 3, 20267.00%▲ from 6.75%
- Sep 21, 20266.75%first recorded
Credit Score: 750 plus; Vehicle Loan Rates November 2026
Credit Score: A: 700 and Up (Max $60,000 and Up); Share Pledge (S/P): 0.00%
Credit Score: 750 plus; Vehicle Loan Rates November 2026
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
Credit Score: 750 plus; Vehicle Loan Rates November 2026
Credit Score: A: 700 and Up (Max $60,000 and Up); Share Pledge (S/P): 0.00%
Credit Score: B: 625 - 699 (Max $50,000); Share Pledge (S/P): 5.00%
Credit Score: A 700 & Up; Maximum $120,000, Less than 10K miles, 90% financing or 100% with GAP insurance
As Low As; Featured new auto loan; Rates as low as 3.00% APR on qualifying 36-month 2025-2026 vehicle loans
Credit Score: A: 700 and Up (Max $60,000 and Up); Share Pledge (S/P): 0.00%
Maximum loan $55,000.00; rates available to current members only
Credit Score: 750 plus; Vehicle Loan Rates November 2026
All rates are based on 725 credit score
Term: Ranges between 36 months and 72 months; APR range: 3.251% - 16.001%; Term depends on age of vehicle; Finances up to 90% of Kelley's Blue Book value; Vehicle must be less than 7 years old; Up to $40K new car or $35K used car; Application fee: $20.00; Minimum requirement: vehicle description, most recent two pay stubs, proof of rent or mortgage, $50.00 deposit balance, credit union member, capacity to repay
As Low As
Credit Score: A: 700 and Up (Max $60,000 and Up); Share Pledge (S/P): 0.00%
Credit Score: 700-749; Vehicle Loan Rates November 2026
As Low As; Effective Date: November 7, 2025
As Low As; Rate as low as 3.500%; APR as low as 3.500%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
Credit Score: A 700 & Up; Maximum $120,000, Less than 10K miles, 90% financing or 100% with GAP insurance
Credit Score: B 625-699; Maximum $120,000, Less than 10K miles, 90% financing or 100% with GAP insurance
Credit Score: A 700-above; 80% Financing, 20% down required; Call us before you make a car deal; also includes recreational vehicle loans (RVs, boats, motorcycles, ATVs)
- Oct 26, 20263.50%▼ from 4.00%
- Sep 14, 20264.00%first recorded
New Cars (rates as of 03/18/2026)
All rates are based on 725 credit score
Model Year: NEW; Rates assume excellent credit; Up to 125% financing available with added premium
Credit Score: 700-749; Vehicle Loan Rates November 2026
Trucks, Cars, SUVs, Motorcycles; Rates effective as of 10/1/2026
All rates are based on 725 credit score
As low as rate for 2023-2027 models; the 3.84% rate applies to the up-to-36-month term in the rate table
Loan Amount: Up to retail value; Rates as of 03/18/2026
New Cars (rates as of 03/18/2026)
New Cars (rates as of 03/18/2026)
Best Rate; Special auto rate for new cars from the current year; Rates effective as of 12/01/2023
Cars, Motorcycles or ATVs; Add 1% extra for boats; No down payment required; New Molex loans only
As Low As; Model Year: 2025 & Newer
As Low As; Model Year: 2025 & Newer; Rates 0.25% higher without automatic payment option
As Low As; Vehicle Type: New & Previous Model Year (2025 & 2026); Effective Date 10/25/2026; APR includes 0.25% discount with automatic payment
Credit Score: 700-749; Vehicle Loan Rates November 2026
As Low As; APR range: 3.99%-6.98%
APR range: 3.99%-6.98%
Boats, ATVs, UTV, Dirt Bikes; Rates effective as of 10/1/2026
As Low As; Rates include all applicable discounts; maximum discount of 0.50% APR; New vehicle rates apply to vehicles with less than 5,000 miles
As Low As; Rates include all applicable discounts; maximum discount of 0.50% APR; New vehicle rates apply to vehicles with less than 5,000 miles
New Money Only; New 2026, 2025: 10% down
As Low As; Model Year: 2025 & Newer
- Oct 19, 20263.99%▼ from 4.99%
- Oct 14, 20264.99%first recorded
As Low As; Model Year: New Auto 2025 & Newer
As Low As; Model Year: 2025-2026 less than 5,000 miles
- Oct 19, 20263.99%▼ from 4.74%
- Oct 14, 20264.74%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As; Model Year: 2025-2026 less than 5,000 miles
- Oct 19, 20263.99%▼ from 4.74%
- Oct 14, 20264.74%▲ from 3.99%
- Sep 14, 20263.99%first recorded
Credit Score: B: 625 - 699 (Max $50,000); Share Pledge (S/P): 5.00%
Rates approved 06/11/2026; subject to change without notice
Credit Score: A 700 & Up; Maximum $120,000, Less than 10K miles, 90% financing or 100% with GAP insurance
Credit Score: B 625-699; Maximum $120,000, Less than 10K miles, 90% financing or 100% with GAP insurance
Credit Score: B 640-699; 80% Financing, 20% down required; Call us before you make a car deal; also includes recreational vehicle loans (RVs, boats, motorcycles, ATVs)
Credit Score: A 700-above; 80% Financing, 20% down required; Call us before you make a car deal; also includes recreational vehicle loans (RVs, boats, motorcycles, ATVs)
As Low As; Model Year: 2025 & Newer; *add .75% if member does not have a Visa or direct deposit
As Low As; rates based on FICO score; Maximum Term
As Low As; Rate based on FICO score; Annual Percentage Rate*
All rates are based on 725 credit score
Model Year: NEW; Rates assume excellent credit; Up to 125% financing available with added premium
- Oct 5, 20264.04%▼ from 4.14%
- Sep 14, 20264.14%first recorded
As Low As
As Low As; Model Year: New Auto 2025 & Newer
As Low As; Advertised APR assumes excellent credit; New vehicles (2025 and newer, under 30,000 miles); Preapprovals good for 90 days; Exclusive rate discount for Active Duty and retired military; Rates as of Nov 05, 2026 ET
As Low As; Refinance; New vehicles: 2025 and newer model years with under 7,500 miles or 7,500-30,000 miles
- Oct 20, 20264.19%▲ from 3.89%
- Sep 30, 20263.89%first recorded
As Low As; New Vehicles: 2025 and newer model years with (a) under 7,500 miles, or (b) between 7,500 and 30,000 miles (late model used vehicles); Rates as of Nov 05, 2026 ET
Rates approved 06/11/2026; subject to change without notice
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.24%▼ from 4.49%
- Sep 14, 20264.49%first recorded
As Low As; Vehicle Type: New & Previous Model Year (2025 & 2026); Effective Date 10/25/2026; APR includes 0.25% discount with automatic payment
As Low As; APR range: 4.24%-7.49%
APR range: 4.24%-7.49%
Vehicle Year: 2023 and Newer; Existing CCNCU loans excluded; All rates subject to credit approval; APR varies by loan length, credit score, and collateral value
- Nov 3, 20264.24%▲ from 3.74%
- Oct 13, 20263.74%first recorded
As Low As; Model Year: 2025-2026 less than 5,000 miles
- Oct 19, 20264.24%▼ from 4.74%
- Oct 14, 20264.74%▲ from 4.24%
- Sep 14, 20264.24%first recorded
As Low As; Model Year: 2025-2026 less than 5,000 miles
- Oct 19, 20264.24%▼ from 4.74%
- Oct 14, 20264.74%▲ from 4.24%
- Sep 14, 20264.24%first recorded
As Low As; Model Year: 2026; Rates based on down payment of 10% or more; add 0.25% for down payments less than 10%
Maximum loan $55,000.00; rates available to current members only
Prime rate; 1 point APR reduction with Direct Deposit into PFCU Premier Checking
Prime rate; 1 point APR reduction with Direct Deposit into PFCU Premier Checking
Credit Score: 750 plus; Vehicle Loan Rates November 2026
Credit Score: 700-749; Vehicle Loan Rates November 2026
Trucks, Cars, SUVs, Motorcycles; Rates effective as of 10/1/2026
Credit Score: C 550-624; Maximum $120,000, Less than 10K miles, 90% financing or 100% with GAP insurance
As Low As; Rates effective as of 10/11/2024; Rates subject to change without notice
All rates are based on 725 credit score
New Money Only; New 2026, 2025: 10% down
Rates approved 06/11/2026; subject to change without notice
New Money Only; New 2026, 2025: 10% down
As Low As; Model Year: New Auto 2025 & Newer
As Low As; Model Year: New 2026-2027
As Low As; Model Year: New 2026-2027
As Low As; Model Year: New 2026-2027
As Low As; Model Year: New 2026-2027
As Low As; Model Year: New 2026-2027
As Low As; Loan-to-value: 100%; Rates effective as of 3/16/2026; Rate received is based on personal credit rating; reflects auto pay discount; excludes motorcycles and RVs
As Low As; New and late model used vehicles (2025 and newer model years) with 30,000 or fewer miles; Credit and collateral subject to approval
- Oct 31, 20264.44%▲ from 4.09%
- Sep 30, 20264.09%first recorded
Model Year: NEW; Rates assume excellent credit; Up to 125% financing available with added premium
- Oct 5, 20264.44%▼ from 4.54%
- Sep 14, 20264.54%first recorded
Minimum loan amount: $1,000
Minimum loan amount: $20,001
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.49%▼ from 4.74%
- Sep 14, 20264.74%first recorded
Champaign Used Auto Auto Loan Rates
As Low As; Model Year: 2022-2021
As Low As; Model Year: 2023 or newer
As Low As; Model Year: 2023 or newer
As Low As; Model Year: 2023 or newer
As Low As; Model Year: 2022-2021
- Nov 3, 20263.75%▲ from 3.50%
- Sep 21, 20263.50%first recorded
As Low As; Model Year: 2019-2020
As Low As; Model Year: 2022-2021
- Nov 3, 20264.00%▲ from 3.75%
- Sep 21, 20263.75%first recorded
As Low As; Model Year: 2023 or newer
- Nov 3, 20264.00%▲ from 3.75%
- Sep 21, 20263.75%first recorded
As Low As; Model Year: 2019-2020
- Nov 3, 20264.25%▲ from 4.00%
- Sep 21, 20264.00%first recorded
As Low As; Model Year: 2019-2020
- Nov 3, 20264.50%▲ from 4.25%
- Sep 21, 20264.25%first recorded
As Low As; Model Year: 2022-2021
- Nov 3, 20264.50%▲ from 4.25%
- Sep 21, 20264.25%first recorded
As Low As; Model Year: 2023 or newer
- Nov 3, 20264.50%▲ from 4.25%
- Sep 21, 20264.25%first recorded
As Low As; Model Year: 2019-2020
- Nov 3, 20265.00%▲ from 4.75%
- Sep 21, 20264.75%first recorded
As Low As; Model Year: 2022-2021
- Nov 3, 20265.00%▲ from 4.75%
- Sep 21, 20264.75%first recorded
As Low As; Model Year: 2018 or older
- Nov 3, 20265.50%▲ from 5.25%
- Sep 21, 20265.25%first recorded
As Low As; Model Year: 2019-2020
- Nov 3, 20265.50%▲ from 5.25%
- Sep 21, 20265.25%first recorded
As Low As; Model Year: 2018 or older
- Nov 3, 20265.75%▲ from 5.50%
- Sep 21, 20265.50%first recorded
As Low As; Model Year: 2018 or older
- Nov 3, 20266.00%▲ from 5.75%
- Sep 21, 20265.75%first recorded
Financing amount: $30,000; For online applicants with an excellent credit history
- Oct 26, 20266.09%▼ from 6.29%
- Oct 14, 20266.29%first recorded
APR based on 60 months and $30,000 financing; for online applicants with excellent credit; used car purchase
- Oct 31, 20266.09%▼ from 6.29%
- Oct 2, 20266.29%▲ from 6.19%
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
As Low As; Model Year: 2018 or older
- Nov 3, 20266.50%▲ from 6.25%
- Sep 21, 20266.25%first recorded
As Low As; Model Year: 2018 or older
- Nov 3, 20267.00%▲ from 6.75%
- Sep 21, 20266.75%first recorded
Credit Grade: A: 700 and Up (Max $50,000 and Up); Share Pledge (S/P): 0.00%
Credit Grade: A: 700 and Up (Max $50,000 and Up); Share Pledge (S/P): 0.00%
All rates are based on 725 credit score
Term: Ranges between 36 months and 72 months; APR range: 3.251% - 16.001%; Term depends on age of vehicle; Finances up to 90% of Kelley's Blue Book value; Vehicle must be less than 7 years old; Up to $40K new car or $35K used car; Application fee: $20.00; Minimum requirement: vehicle description, most recent two pay stubs, proof of rent or mortgage, $50.00 deposit balance, credit union member, capacity to repay
Credit Score: 750 plus; Vehicle Loan Rates November 2026
As Low As; Effective Date: November 7, 2025
Credit Grade: A: 700 and Up (Max $50,000 and Up); Share Pledge (S/P): 0.00%
Credit Score: A 700 & Up; Black Book Avg Retail up to $100,000 max; Age of vehicle + term cannot exceed 10 yrs
All rates are based on 725 credit score
Credit Score: 750 plus; Vehicle Loan Rates November 2026
All rates are based on 725 credit score
As Low As
Model Years: 2025 - 2026; Loan Basis: NADA Trade-in Value
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Vehicle Type: Used (2016 - 2024); Effective Date 10/25/2026; APR includes 0.25% discount with automatic payment
Credit Score: 750 plus; Vehicle Loan Rates November 2026
As Low As; APR range: 3.99%-6.98%
APR range: 3.99%-6.98%
Used Vehicles (2025, 2024, 2023, 2022, 2021, 2020); includes auto, truck, recreation vehicles, motorcycles; Rates range 3.99% - 15.04% APR; Rates effective as of 9/18/2026; Line of Credit: n/a
Credit Grade: A: 700 and Up (Max $50,000 and Up); Share Pledge (S/P): 0.00%
Credit Grade: B: 625 - 699 (Max $45,000); Share Pledge (S/P): 5.00%
Credit Score: A 700 & Up; Black Book Avg Retail up to $100,000 max; Age of vehicle + term cannot exceed 10 yrs
Credit Score: B 625-699; Black Book Avg Retail up to $100,000 max; Age of vehicle + term cannot exceed 10 yrs
Credit Score: A 700-above; 80% Financing, 20% down required; Call us before you make a car deal
All rates are based on 725 credit score
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.24%▼ from 4.49%
- Sep 14, 20264.49%first recorded
As Low As; Vehicle Type: Used (2016 - 2024); Effective Date 10/25/2026; APR includes 0.25% discount with automatic payment
As Low As; APR range: 4.24%-7.49%
APR range: 4.24%-7.49%
Prime rate; 1 point APR reduction with Direct Deposit into PFCU Premier Checking
Credit Score: 750 plus; Vehicle Loan Rates November 2026
Trucks, Cars, SUVs, Motorcycles; Rates effective as of 10/1/2026
As Low As; rates based on FICO score; Maximum Term
As Low As; Loan rates based on FICO score on credit report as assigned by credit bureau
All rates are based on 725 credit score
Used Vehicles (2025, 2024, 2023, 2022, 2021, 2020); includes auto, truck, recreation vehicles, motorcycles; Rates range 4.44% - 15.44% APR; Rates effective as of 9/18/2026; Line of Credit: n/a
Minimum loan amount: $1,000
Minimum loan amount: $20,001
Term: 1-72 month finance period; Vehicle Interest Rates
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.49%▼ from 4.74%
- Sep 14, 20264.74%first recorded
Champaign, IL Auto Loan Rate Trends
Compare local Champaign, IL 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.
Illinois new auto rates rose 0.003 points over the past 7 days to 5.107% APR.
Illinois used auto rates fell 0.018 points over the past 7 days to 5.989% APR.
Champaign, IL 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 Illinois 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 Illinois 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 @ 5.11% APR IL average | Used Auto @ 5.99% APR IL average | Monthly Difference |
|---|---|---|---|
| $15,000 | $283.80/mo | $289.91/mo | $6.11/mo |
| $25,000 | $473.01/mo | $483.19/mo | $10.18/mo |
| $35,000 | $662.21/mo | $676.46/mo | $14.25/mo |
| $45,000 | $851.41/mo | $869.74/mo | $18.33/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 Champaign, Illinois
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Champaign, Illinois 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 Illinois. 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 Champaign, Illinois 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: Champaign, Illinois CD rates lock in a guaranteed return until you’re ready to buy
Champaign, Illinois Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $568 monthly car payment works out to roughly 21.3% of the median individual income in Champaign, Illinois. 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 Champaign, Illinois, 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 Champaign, Illinois. We’ve prefilled the APR with today’s IL 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 Champaign, Illinois 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 Champaign, Illinois 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 Champaign, Illinois. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in IL.
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 Champaign, Illinois
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 Champaign, Illinois
What are auto loan rates in Champaign, Illinois today?
How does my credit score affect my car loan rate in Champaign, Illinois?
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 Champaign, Illinois?
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 Champaign, Illinois?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Champaign, Illinois?
- University of Illinois Community Credit Union: 3.50% (New & Used Vehicles, RV, and Boat Loans - 2022-2021)
- Central Illinois Credit Union: 3.50% (Vehicles, Motorcycles, Boats, Trailers, Rv's - 2019-2025 Loan)
- Illinois Educators Credit Union: 4.49% (Auto Loan)
- Chase Bank: 6.09% (Auto Loan - New car purchase)
- First State Bank (IL): 7.00% (Auto Loan)
Champaign, Illinois Rates & Resources
