Springfield, Illinois Best Auto Loan Rates for November 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Springfield, 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 Springfield, Illinois include Financial Partners Credit Union IllinoisFinancial Partners Credit Union Illinois940 N MacArthur Blvd, Springfield, IL, 62702 2308A5.0 ★Texas Ratio: 9.00%Rate verified Nov 8, 2026 offering Auto Loan at 3.99%, Credit Union 1 Credit Union Rantoul, ILCredit Union 1 Credit Union Rantoul, IL2464 Wabash Ave, Springfield, IL, 62704A5.0 ★Texas Ratio: 8.90%Rate verified Nov 9, 2026 offering Auto Loan - New Auto 2025 & Newer at 3.99%, Cooperative Choice Network Credit UnionCooperative Choice Network Credit Union3900 Wood Duck Dr, Springfield, IL, 62711A+5.0 ★Texas Ratio: 1.48%Rate verified Nov 8, 2026 offering Auto Loan - 2023 and Newer at 4.24%, Heartland Credit Union Springfield, ILHeartland Credit Union Springfield, IL2712 E Sangamon Ave, Springfield, IL, 62702A+5.0 ★Texas Ratio: 1.20%Rate verified Nov 8, 2026 offering Auto Loan at 4.49%, Illinois Educators Credit UnionIllinois Educators Credit Union3101 Montvale Dr, Springfield, IL, 62704 4260A+5.0 ★Texas Ratio: 5.82%Rate verified Nov 8, 2026 offering Auto Loan at 4.49%. Auto loan rates as of November 9, 2026 according to verified data from MonitorBankRates.
Springfield has 11 local institutions in our database, with auto loan rates as low as 3.99% APR from Financial Partners Credit Union Illinois at 940 N MacArthur Blvd, Springfield, IL, 62702 2308. 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 Springfield, Illinois. Auto Loan Rates Last Updated and Verified: November 9, 2026
Compare Auto Loan Rates Today in Springfield, Illinois & Surrounding Area
Springfield Auto Loan Rates
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
As Low As; Model Year: New Auto 2025 & Newer
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: New Auto 2025 & Newer
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, 20264.49%▲ from 3.99%
- Oct 13, 20263.99%first recorded
Model Year: 2024 - Newer; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20264.49%▲ from 4.39%
- Sep 18, 20264.39%first recorded
As Low As; Model Year: New 2026-2025; Effective Date: Saturday, November 7th, 2026
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Vehicle Year: 2021 - 2022; All rates subject to credit approval; APR varies by loan length, credit score, and collateral value
- Nov 3, 20264.74%▲ from 4.24%
- Oct 13, 20264.24%first recorded
Model Year: 2024 - Newer; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20264.74%▼ from 4.79%
- Sep 18, 20264.79%first recorded
Model Year: 2023 - 2026; Vehicle: New & Used Cars, Trucks, Vans, Motorcycles
Model Year: 2021 - 2023; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20264.84%▲ from 4.79%
- Sep 18, 20264.79%first recorded
As Low As; Model Year: New Auto 2025 & Newer
Model Year: 2021 - 2023; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20264.89%▲ from 4.79%
- Sep 18, 20264.79%first recorded
Model Year: 2024 - Newer; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20264.94%▼ from 5.04%
- Sep 18, 20265.04%first recorded
Through November 30th; new qualifying 2026 and 2027 model year vehicles financed with ISPFCU; new non-preowned vehicles only; rate quoted for individuals with excellent credit; less than excellent credit may be offered higher rates
As Low As; Model Year: New 2026-2025; 72 month financing applies to vehicles $20,000 or more; Effective Date: Saturday, November 7th, 2026
Model Year: 2024-2025; LTV <= 100%; Rate and term subject to credit approval and model year limits
Model Year: 2026 AND NEWER; LTV <= 100%; Rate and term subject to credit approval and model year limits
As Low As; Model Year: 2023 - 2024
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Model Year: 2022-2023; LTV <= 100%; Rate and term subject to credit approval and model year limits
Model Year: 2021 - 2023; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20265.14%▲ from 5.04%
- Sep 18, 20265.04%first recorded
As Low As; Model Year: 2023 - 2024
Vehicle Year: 2017 - 2020; All rates subject to credit approval; APR varies by loan length, credit score, and collateral value
- Nov 3, 20265.24%▲ from 4.74%
- Oct 13, 20264.74%first recorded
Model Year: 2021 - 2022; Vehicle: Used Cars, Trucks, Vans, Motorcycles
Model Year: 2019 - 2020; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20265.29%▲ from 4.79%
- Sep 18, 20264.79%first recorded
Model Year: 2019 - 2020; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20265.30%▲ from 4.79%
- Sep 18, 20264.79%first recorded
Model Year: 2021; LTV <= 100%; Rate and term subject to credit approval and model year limits
As Low As; Model Year: New Auto 2025 & Newer; Loan terms of 73-84 months require a minimum loan amount of $15,000
As Low As; Model Year: 2023 - 2024
Model Year: 2024 - Newer; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20265.44%▼ from 5.49%
- Sep 18, 20265.49%first recorded
Model Year: 2023 - 2026; Vehicle: New & Used Cars, Trucks, Vans, Motorcycles
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Model Year: 2019 - 2020; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20265.54%▲ from 5.04%
- Sep 18, 20265.04%first recorded
Model Year: 2021 - 2023; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20265.59%▼ from 5.64%
- Sep 18, 20265.64%first recorded
Model Year: 2020; LTV <= 100%; Rate and term subject to credit approval and model year limits
As Low As; Model Year: 2023 - 2024
Model Year: 2021 - 2022; Vehicle: Used Cars, Trucks, Vans, Motorcycles
As Low As; Model Year: 2020 - 2022
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
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: 2020 - 2022
As Low As; Model Year: 2015 - 2019
Model Year: 2019 - 2020; Vehicle: Used Cars, Trucks, Vans, Motorcycles
As Low As; Model Year: 2023 - 2024; Loan terms of 73-84 months require a minimum loan amount of $15,000
As Low As; Model Year: 2020 - 2022
As Low As; Model Year: 2015 - 2019
Model Year: 2023 - 2026; Vehicle: New & Used Cars, Trucks and Vans
Model Year: 2024 - Newer; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20266.49%▲ from 5.84%
- Sep 18, 20265.84%first recorded
- Oct 26, 20266.50%▲ from 5.00%
- Oct 13, 20265.00%first recorded
- Oct 26, 20266.50%▲ from 5.00%
- Oct 13, 20265.00%first recorded
- Oct 26, 20266.50%▲ from 5.00%
- Oct 13, 20265.00%first recorded
- Oct 26, 20266.50%▲ from 5.00%
- Oct 13, 20265.00%first recorded
Fixed-Rate APR; Professional & Personal Auto Financing
Model Year: 2019 - 2020; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20266.54%▲ from 6.04%
- Sep 18, 20266.04%first recorded
Model Year: 2019; LTV <= 100%; Rate and term subject to credit approval and model year limits
As Low As; Model Year: 2020 - 2022
As Low As; Model Year: 2015 - 2019
As Low As; Model Year: 2020 - 2022; Loan terms of 73-84 months require a minimum loan amount of $15,000
As Low As; Model Year: 2015 - 2019
Model Year: 2019 - 2020; Vehicle: Used Cars, Trucks, Vans, Motorcycles
As Low As; Model Year: 2022-2019; Effective Date: Saturday, November 7th, 2026
As Low As; Model Year: 2014 & Older
Fixed-Rate APR; Professional & Personal Auto Financing
Fixed-Rate APR; Available for loan amounts over $40,000
Model Year: 2017 - 2018; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20267.54%▲ from 7.49%
- Sep 18, 20267.49%first recorded
Model Year: 2017 - 2018; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20267.54%▲ from 7.04%
- Sep 18, 20267.04%first recorded
As Low As; Model Year: 2014 & Older
Vehicle Year: 2016 and Older; All rates subject to credit approval; APR varies by loan length, credit score, and collateral value
- Nov 3, 20267.74%▲ from 7.24%
- Oct 13, 20267.24%first recorded
As Low As; Model Year: 2022-2019; Effective Date: Saturday, November 7th, 2026
Model Year: 2011 - 2016; 100% financing (including tax, title, and license) available to qualified borrowers
- Oct 13, 20267.99%▲ from 7.49%
- Sep 18, 20267.49%first recorded
As Low As; Model Year: 2014 & Older
Fixed-Rate APR; Available for loan amounts over $40,000
Model Year: 2018 AND OLDER; LTV <= 100%; Rate and term subject to credit approval and model year limits
As Low As; Model Year: 2018-2016; Effective Date: Saturday, November 7th, 2026
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
Footnote: Loans over $20,000 may go up to 6 years and loans over $25,000 may go up to 7 Years
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
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
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)
As Low As; Model Year: 2019-2025
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
As Low As; Model Year: 2022-2021
- Nov 3, 20263.75%▲ from 3.50%
- Sep 21, 20263.50%first recorded
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; 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: 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
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
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
Springfield New Auto Auto Loan Rates
As Low As; Model Year: New Auto 2025 & Newer
As Low As; Model Year: New Auto 2025 & Newer
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: New Auto 2025 & Newer
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, 20264.49%▲ from 3.99%
- Oct 13, 20263.99%first recorded
Model Year: 2023 - 2026; Vehicle: New & Used Cars, Trucks, Vans, Motorcycles
As Low As; Model Year: New Auto 2025 & Newer
Through November 30th; new qualifying 2026 and 2027 model year vehicles financed with ISPFCU; new non-preowned vehicles only; rate quoted for individuals with excellent credit; less than excellent credit may be offered higher rates
Model Year: 2026 AND NEWER; LTV <= 100%; Rate and term subject to credit approval and model year limits
As Low As; Model Year: New Auto 2025 & Newer; Loan terms of 73-84 months require a minimum loan amount of $15,000
Model Year: 2023 - 2026; Vehicle: New & Used Cars, Trucks, Vans, Motorcycles
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%
Model Year: 2023 - 2026; Vehicle: New & Used Cars, Trucks and Vans
Fixed-Rate APR; Professional & Personal Auto Financing
Fixed-Rate APR; Available for loan amounts over $40,000
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
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
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
As Low As; Model Year: 2022-2021
- Nov 3, 20263.75%▲ from 3.50%
- Sep 21, 20263.50%first recorded
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: 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
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
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
Springfield Used Auto Auto Loan Rates
Model Year: 2023 - 2026; Vehicle: New & Used Cars, Trucks, Vans, Motorcycles
Model Year: 2021 - 2022; Vehicle: Used Cars, Trucks, Vans, Motorcycles
Model Year: 2023 - 2026; Vehicle: New & Used Cars, Trucks, Vans, Motorcycles
Model Year: 2021 - 2022; Vehicle: Used Cars, Trucks, Vans, Motorcycles
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%
Model Year: 2019 - 2020; Vehicle: Used Cars, Trucks, Vans, Motorcycles
Model Year: 2023 - 2026; Vehicle: New & Used Cars, Trucks and Vans
Model Year: 2019 - 2020; Vehicle: Used Cars, Trucks, Vans, Motorcycles
Fixed-Rate APR; Professional & Personal Auto Financing
Fixed-Rate APR; Available for loan amounts over $40,000
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%
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
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
As Low As; Model Year: 2022-2021
- Nov 3, 20263.75%▲ from 3.50%
- Sep 21, 20263.50%first recorded
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%
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
Credit Score: A 700 & Up; Black Book Avg Retail up to $100,000 max; Age of vehicle + term cannot exceed 10 yrs
Springfield, IL Auto Loan Rate Trends
Compare local Springfield, 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.
Springfield, 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 Springfield, Illinois
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Springfield, 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 Springfield, 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: Springfield, Illinois CD rates lock in a guaranteed return until you’re ready to buy
Springfield, 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 15.6% of the median individual income in Springfield, 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 Springfield, 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 Springfield, 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 Springfield, 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 Springfield, 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 Springfield, 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 Springfield, 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 Springfield, Illinois
What are auto loan rates in Springfield, Illinois today?
How does my credit score affect my car loan rate in Springfield, 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 Springfield, 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 Springfield, Illinois?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Springfield, Illinois?
- Financial Partners Credit Union Illinois: 3.99% (Auto Loan)
- Credit Union 1 Credit Union Rantoul, IL: 3.99% (Auto Loan - New Auto 2025 & Newer)
- Cooperative Choice Network Credit Union: 4.24% (Auto Loan - 2023 and Newer)
- Heartland Credit Union Springfield, IL: 4.49% (Auto Loan)
- Illinois Educators Credit Union: 4.49% (Auto Loan)
Springfield, Illinois Rates & Resources
