Springfield, MA Best Auto Loan Rates for November 2026
Brian McKay
Brian McKay
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Springfield, Massachusetts auto loan rates range from 2.99% to 7.99% APR, verified by MonitorBankRates as of November 9, 2026. Current auto loan rates in Springfield, Massachusetts include Greater Springfield Credit UnionGreater Springfield Credit Union1030 Wilbraham Rd, Springfield, MA, 01109A+5.0 ★Texas Ratio: 1.12%Rate verified Nov 9, 2026 offering New and Used Auto Loan at 3.99%, MassMutual Federal Credit UnionMassMutual Federal Credit Union1295 State St, Springfield, MA, 01111A+5.0 ★Texas Ratio: 2.63%Rate verified Nov 7, 2026 offering New Auto Loan at 4.99%, Bank of AmericaBank of America1316 Carew St, Springfield, MA, 01104A+5.0 ★Texas Ratio: 4.14%Rate verified Nov 5, 2026 offering New Car (dealer) Auto Loan at 5.64%, Chase BankChase Bank1391 Main St, Springfield, MA, 01103A+5.0 ★Texas Ratio: 3.68%Rate verified Nov 5, 2026 offering Auto Loan - New car purchase at 6.09%, Westfield BankWestfield Bank1500 Main Street, Springfield, MA, 01103A+5.0 ★Texas Ratio: 2.93%Rate verified Nov 7, 2026 offering Auto Loan - New 36 Months at 7.25%. Auto loan rates as of November 9, 2026 according to verified data from MonitorBankRates.
Springfield has 5 local institutions in our database, with auto loan rates as low as 3.99% APR from Greater Springfield Credit Union at 1030 Wilbraham Rd, Springfield, MA, 01109. 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, Massachusetts. Auto Loan Rates Last Updated and Verified: November 9, 2026
Compare Auto Loan Rates Today in Springfield, Massachusetts & Surrounding Area
Springfield Auto Loan Rates
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Vehicle loan; Loan Rates Effective 10/01/2026
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Vehicle loan; Loan Rates Effective 10/01/2026
As Low As; Model Year: 2021-2025; Payment per $1,000 borrowed: $23.14
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Model Year: 2021-2025; Payment per $1,000 borrowed: $19.10
As Low As; Fixed-rate new car loan; 60-month option; as of Nov. 5, 2026; excludes additional BofA Rewards discount up to 0.50%
As Low As; Fixed-rate used car loan; 60-month option; as of Nov. 5, 2026; excludes additional BofA Rewards discount up to 0.50%
As Low As; Vehicle loan; Loan Rates Effective 10/01/2026
As Low As; Used Auto Loan Rates (2016-2020)
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: 2021-2025; Payment per $1,000 borrowed: $16.69
As Low As; Vehicle loan; Loan Rates Effective 10/01/2026
As Low As; Model Year: 2021-2025; Payment per $1,000 borrowed: $15.09
New vehicle; Rate includes 0.250% discount with automatic payment from a Westfield Bank checking account; Consumer only; Loan amount up to 100% of purchase price up to $50,000
New vehicle; Rate includes 0.250% discount with automatic payment from a Westfield Bank checking account; Consumer only; Loan amount up to 100% of purchase price up to $50,000
New vehicle; Rate includes 0.250% discount with automatic payment from a Westfield Bank checking account; Consumer only; Loan amount up to 100% of purchase price up to $50,000
Model Year up to 2021; Maximum term 36 months, lesser of 80% of purchase price or 80% NADA Clean Retail; Rate includes 0.250% discount with automatic payment from a Westfield Bank checking account; Consumer only
Model Year up to 2022; Maximum term 48 months, lesser of 80% of purchase price or 80% NADA Clean Retail; Rate includes 0.250% discount with automatic payment from a Westfield Bank checking account; Consumer only
Model Years 2023-2026; Maximum term 60 months, lesser of 90% of purchase price or 90% NADA Clean Retail; Rate includes 0.250% discount with automatic payment from a Westfield Bank checking account; Consumer only
As Low As; Used Auto Loan Rates (2016-2020)
Loan rate; $10,000 minimum for 37-60 months and $20,000 minimum for 61-84 months apply to other terms; Add 1/2% to all loan rates if you do not make automatic payments
As Low As
As Low As; LTV 100% KBB / NADA; Featured rate for FICO 740 and above; Effective: October 20, 2026
As Low As
As Low As; Model Year: 2025 & Newer; Auto Loans
- Oct 14, 20263.84%▲ from 3.64%
- Sep 22, 20263.64%first recorded
Amount: 90% Financing; Rates effective 9/1/2026; for loans paid through payroll deduction or automatic payment
Amount: 90% Financing; Model Year: 2026 - 2027; Rates for loans paid through payroll deduction or automatic payment
$10,000 minimum for 37-60 months
Loan rate; $10,000 minimum; Add 1/2% to all loan rates if you do not make automatic payments
Loan rate; Add 1/2% to all loan rates if you do not make automatic payments
Term: Maximum term to 60 months; As Low As; APR* As Low As 3.99%
Term: Maximum term to 72 months; As Low As; APR* As Low As 3.99%
APR*; ** 110% financing based on the Kelly Blue Book value or the purchase price plus applicable sales tax
APR*; ** 110% financing based on the Kelly Blue Book value or the purchase price plus applicable sales tax
APR*; ** 110% financing based on the Kelly Blue Book value or the purchase price plus applicable sales tax
As Low As
As Low As; Model Year: 2027 - 2023; Includes 1.00% automatic monthly payment discount
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: 2025 or newer with less than 7,000 miles; Percent of Financing: Up to 100% financing available
Term: Maximum term to 48 months; As Low As; Vehicles 1 - 5 years old; with 15% down
- Oct 12, 20264.49%▲ from 4.10%
- Sep 12, 20264.10%first recorded
As Low As; Minimum Payment: $150; Max Loan Amount: 120%
As Low As; Minimum Payment: $150; Max Loan Amount: 120%
As Low As; APR with auto pay; auto pay discounted rate requires QCU Checking Account
- Oct 10, 20264.49%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As; APR with auto pay; auto pay discounted rate requires QCU Checking Account
- Oct 10, 20264.49%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As; Model Years 2025-2026; New and Used, maximum borrowed $150,000; APR range 4.49% up to 8.24%; New vehicles have 5,000 miles or less
As Low As; APR range 4.49% up to 8.24%; Maximum borrowed $150,000
Car Type: New < 25K miles; APR includes .25% discount for automatic payments; 4.74% APR without automatic payments
New vehicle with less than 25K miles; APR includes .25% discount for automatic payments
Annual Percentage Rate; Rates accurate as of 1/30/2026
Model Year: 2026 - 2027; Conditions: 100% or up to 125% Financing & VSI/$125,000 Maximum; Rates effective as of February 4, 2026
Model Year: 2021 - 2025; Conditions: 100% or up to 125% Financing & VSI/$75,000 Maximum
As Low As; LTV 100% KBB / NADA; Featured rate applicable to FICO 740 and above
APR*; ** 110% financing based on the Kelly Blue Book value or the purchase price plus applicable sales tax
APR*; ** 110% financing based on the Kelly Blue Book value or the purchase price plus applicable sales tax
As Low As
Model Year 2023-2027
As Low As; Model Year: 2025 or newer with less than 7,000 miles; Percent of Financing: Up to 100% financing available
As Low As; Model Years: 2023 or newer (and 2025 with more than 7,000 miles); Percent of Financing: Up to 100% financing available
As Low As; Model Year: 2027 - 2023; Includes 1.00% automatic monthly payment discount
As Low As; Model Year: 2020 & Older; Includes 1.00% automatic monthly payment discount
As Low As; Minimum Payment: $200; Max Loan Amount: 120%
As Low As; Model Years 2025-2026; New and Used, maximum borrowed $150,000; APR range 4.74% up to 8.49%; New vehicles have 5,000 miles or less
As Low As; APR range 4.74% up to 8.49%; Maximum borrowed $150,000
Car Type: New < 25K miles; APR includes .25% discount for automatic payments
As Low As; Model Years 2026 - 2021; Direct deposit of at least $1,000 per month into any deposit account must be initiated within 45 days of loan closing, or the rate increases by 0.50%; Advertised rate(s) available on New & Used Vehicle Loans of Model Year 2021 or Newer with maximum LTV of 100% or less
Model Year: 2022 - 2024
Model Year: 2026 - 2027; Conditions: 100% or up to 125% Financing & VSI/$125,000 Maximum; Rates effective as of February 4, 2026
Model Year: 2021 - 2025; Conditions: 100% or up to 125% Financing & VSI/$75,000 Maximum
As Low As; LTV 100% KBB / NADA; Featured rate for FICO 740 and above; Effective: October 20, 2026
APR*; ** 110% financing based on the Kelly Blue Book value or the purchase price plus applicable sales tax
As Low As; Model Year: 2023 - 2024 (call for rates on model years 2022 or older); Auto Loans
- Oct 14, 20264.84%▲ from 4.64%
- Sep 22, 20264.64%first recorded
Model Year 2022
- Oct 15, 20264.89%▲ from 4.64%
- Sep 14, 20264.64%first recorded
Amount: Up to $90,000
As Low As; Maximum Amount: 110.00%
As Low As; Maximum Amount: 100.00%
Vehicle Years: 2025 - 2026; Monthly payment per $1,000: $18.87
Amount: 90% Financing; Model Year: 2023 - 2025; Rates for loans paid through payroll deduction or automatic payment
$20,000 minimum for 61-84 months
Loan rate; $20,000 minimum; Add 1/2% to all loan rates if you do not make automatic payments
$10,000 minimum for 37-60 months
Loan rate; $10,000 minimum; Add 1/2% to all loan rates if you do not make automatic payments
As Low As; Maximum Amount: $85,000; Condition: NEW; Rates effective as of 9/29/2026
As Low As; Autopay required; New loans only; No combining offers; Terms up to 84 months; Financing up to 125%
As Low As; Up to 105% financing of purchase price of new and used vehicles; Auto must be no older than 7 years; Maximum car loan amount is $70,000.00; GAP Insurance available
Model Year: 2023, 2024; Up to 105% financing of purchase price of new and used vehicles; Auto must be no older than 7 years; Maximum car loan amount is $70,000.00; GAP Insurance available
Credit Tier: Platinum 720+; LTV Max: 100%; Minimum Loan Amount: 6,000
- Oct 29, 20264.99%▼ from 5.00%
- Sep 21, 20265.00%first recorded
Credit Tier: Platinum 720+; LTV Max: 100%; Minimum Loan Amount: 6,000
- Oct 29, 20264.99%▼ from 5.00%
- Sep 21, 20265.00%first recorded
Credit Tier: Platinum 720+; LTV Max: 100%; Minimum Loan Amount: 6,000
- Oct 29, 20264.99%▼ from 5.00%
- Sep 21, 20265.00%first recorded
Credit Tier: Platinum 720+; LTV Max: 100%; Minimum Loan Amount: 10,000
- Oct 29, 20264.99%▼ from 5.00%
- Sep 21, 20265.00%first recorded
As Low As; New/Used, Buy/Refi; Other great rates & terms available
- Nov 3, 20264.99%▲ from 4.24%
- Sep 22, 20264.24%first recorded
As Low As; Rate posted for 740+ FICO credit score; Monthly payment per $1,000: $29.97; Vehicle types: New/Used Auto (Model Years 2024-2026) and Used Auto (Model Years < 2024); Maximum age of vehicle is 10 years old; Credit union membership is required
As Low As; Rate posted for 740+ FICO credit score; Vehicle types on page: New/Used Auto (Model Years 2024-2026) and Used Auto (Model Years < 2024); Maximum age of vehicle is 10 years old
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; LTV 100% KBB / NADA; Featured rate for FICO 740 and above; Effective: October 20, 2026
Model Years 2026-2019; Advertised rate requires 730+ FICO and reflects .25% discount with AOCU deposit account autopay
Model Years 2026-2019; Advertised rate requires 730+ FICO and reflects .25% discount with AOCU deposit account autopay
As Low As; Classic auto loan. Payment includes single life insurance and VSI insurance. 100% financing not to exceed NADA value or purchase price. Refinancing of existing New Bedford Credit Union loans is excluded. Maximum up to $65,000.
As Low As; Classic auto loan. Payment includes single life insurance and VSI insurance. 100% financing not to exceed NADA value or purchase price. Refinancing of existing New Bedford Credit Union loans is excluded. Maximum up to $65,000.
As Low As; Classic auto loan. Payment includes single life insurance and VSI insurance. 100% financing not to exceed NADA value or purchase price. Refinancing of existing New Bedford Credit Union loans is excluded. Maximum up to $65,000.
Up to 90% loan-to-value
Up to 90% loan-to-value
Up to 95% loan-to-value
Up to 95% loan-to-value
Up to 100% loan-to-value
Up to 100% loan-to-value
As Low As; Maximum loan amount of $250,000.00; 0.25% Auto Pay Discount available with automatic payments from a qualified Liberty Bay checking account
As Low As; Model Years 2025-2026; New and Used, maximum borrowed $150,000; APR range 4.99% up to 8.99%; New vehicles have 5,000 miles or less
As Low As; APR range 4.99% up to 8.99%; Maximum borrowed $150,000
As Low As; APR* As Low As
As Low As; APR* As Low As
As Low As; APR* As Low As
As Low As; APR* As Low As
As Low As; APR* As Low As
Car Type: Used > 25K miles; APR includes .25% discount for automatic payments; 5.24% APR without automatic payments
Used vehicle with more than 25K miles; APR includes .25% discount for automatic payments
As Low As; Model Years 2026 - 2021; Direct deposit of at least $1,000 per month into any deposit account must be initiated within 45 days of loan closing, or the rate increases by 0.50%; Advertised rate(s) available on New & Used Vehicle Loans of Model Year 2021 or Newer with maximum LTV of 100% or less
As Low As; Model Years 2026 - 2021; Direct deposit of at least $1,000 per month into any deposit account must be initiated within 45 days of loan closing, or the rate increases by 0.50%; Advertised rate(s) available on New & Used Vehicle Loans of Model Year 2021 or Newer with maximum LTV of 100% or less
As Low As; Limited-time promotion to finance or refinance a vehicle (new, used, or refinance); See tfed.com for full terms & conditions
Annual Percentage Rate; Rates accurate as of 1/30/2026
Model Year: 2026 - 2027; Conditions: 100% or up to 125% Financing & VSI/$125,000 Maximum; Rates effective as of February 4, 2026
Model Year: 2021 - 2025; Conditions: 100% or up to 125% Financing & VSI/$75,000 Maximum
LTV Max: 100%; Credit Grade: Platinum (FICO 720+); Minimum Loan Amount: $6,000
LTV Max: 100%; Credit Grade: Platinum (FICO 720+); Minimum Loan Amount: $6,000
LTV Max: 100%; Credit Grade: Platinum (FICO 720+); Minimum Loan Amount: $6,000
LTV Max: 100%; Credit Grade: Platinum (FICO 720+); Minimum Loan Amount: $10,000
As Low As; LTV 100% KBB / NADA; Featured rate applicable to FICO 740 and above
APR*; ** 110% financing based on the Kelly Blue Book value or the purchase price plus applicable sales tax
As Low As; APR with auto pay; auto pay discounted rate requires QCU Checking Account
- Oct 10, 20265.00%▲ from 4.50%
- Sep 14, 20264.50%first recorded
As Low As; APR with auto pay; auto pay discounted rate requires QCU Checking Account
- Oct 10, 20265.00%▲ from 4.50%
- Sep 14, 20264.50%first recorded
Effective Date: Monday, October 26th, 2026
Model Year 2023-2027
- Oct 15, 20265.14%▲ from 4.99%
- Sep 14, 20264.99%first recorded
Model Year 2021
- Oct 15, 20265.14%▲ from 4.64%
- Sep 14, 20264.64%first recorded
As Low As; Classic auto loan; 100% financing available; Maximum up to $65,000
As Low As; Classic auto loan; 100% financing available; Maximum up to $65,000
As Low As; Classic auto loan; 100% financing available; Maximum up to $65,000
As Low As; Automobile Loan (100% financing available); Classic auto loan; Payment includes single life insurance and VSI insurance; 100% financing not to exceed NADA value or purchase price; Maximum up to $65,000
As Low As; Automobile Loan (100% financing available); Classic auto loan; Payment includes single life insurance and VSI insurance; 100% financing not to exceed NADA value or purchase price; Maximum up to $65,000
As Low As; Automobile Loan (100% financing available); Classic auto loan; Payment includes single life insurance and VSI insurance; 100% financing not to exceed NADA value or purchase price; Maximum up to $65,000
Rates effective November 5, 2026; APR shown for new or used cars, trucks, and vans; up to 130% LTV subject to underwriting
Rates effective November 5, 2026; APR shown for new or used cars, trucks, and vans; up to 130% LTV subject to underwriting
Rates effective November 5, 2026; APR shown for new or used cars, trucks, and vans; up to 130% LTV subject to underwriting
Rates listed for new or used cars, trucks, and vans; published rate includes 0.50% discount with qualifying direct deposit of at least $500 per month and electronic loan payment; rates effective November 5, 2026
- Nov 5, 20265.24%▲ from 4.99%
- Oct 22, 20264.99%first recorded
Rates listed for new or used cars, trucks, and vans; published rate includes 0.50% discount with qualifying direct deposit of at least $500 per month and electronic loan payment; rates effective November 5, 2026
- Nov 5, 20265.24%▲ from 4.99%
- Oct 22, 20264.99%first recorded
Rates listed for new or used cars, trucks, and vans; published rate includes 0.50% discount with qualifying direct deposit of at least $500 per month and electronic loan payment; rates effective November 5, 2026
- Nov 5, 20265.24%▲ from 4.99%
- Oct 22, 20264.99%first recorded
As Low As; Model Year: 2027 - 2023; 84 Month Term for qualified vehicles and borrowers only; Includes 1.00% automatic monthly payment discount
As Low As; Minimum Payment: $200; Max Loan Amount: 120%
As Low As; Loan Amount: Maximum $100,000; Year: 2024-2026
As Low As; Loan Amount (min/max): $1,000 / $300,000
As Low As; Loan Amount (min/max): $1,000 / $300,000
Credit Tier: B 679-660; LTV Max: 90%; Minimum Loan Amount: 6,000
- Oct 29, 20265.24%▼ from 5.25%
- Sep 21, 20265.25%first recorded
Credit Tier: B 679-660; LTV Max: 90%; Minimum Loan Amount: 6,000
- Oct 29, 20265.24%▼ from 5.25%
- Sep 21, 20265.25%first recorded
Credit Tier: B 679-660; LTV Max: 90%; Minimum Loan Amount: 6,000
- Oct 29, 20265.24%▼ from 5.25%
- Sep 21, 20265.25%first recorded
Credit Tier: B 679-660; LTV Max: 90%; Minimum Loan Amount: 10,000
- Oct 29, 20265.24%▼ from 5.25%
- Sep 21, 20265.25%first recorded
Model Year 2022
- Oct 15, 20265.24%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Maximum loan amount of $250,000.00; 0.25% Auto Pay Discount available with automatic payments from a qualified Liberty Bay checking account
As Low As; APR range 5.24% up to 9.24%; Used vehicle, maximum borrowed $75,000; Model Year 2021
As Low As; APR range 5.24% up to 9.24%; Used vehicle, maximum borrowed $75,000; Model Year 2021
APR effective 10/6/26; published rate reflects a .25% discount when you maintain automatic loan payments; subject to credit approval
- Oct 10, 20265.24%▲ from 4.74%
- Sep 18, 20264.74%first recorded
APR effective 10/6/26; published rate reflects a .25% discount when you maintain automatic loan payments; subject to credit approval
- Oct 10, 20265.24%▲ from 4.74%
- Sep 18, 20264.74%first recorded
APR effective 10/6/26; published rate reflects a .25% discount when you maintain automatic loan payments; subject to credit approval
- Oct 10, 20265.24%▲ from 4.74%
- Sep 18, 20264.74%first recorded
APR effective 10/6/26; published rate reflects a .25% discount when you maintain automatic loan payments; subject to credit approval
- Oct 10, 20265.24%▲ from 4.74%
- Sep 18, 20264.74%first recorded
Car Type: Used > 25K miles; APR includes .25% discount for automatic payments
Effective Date: Monday, October 26th, 2026
Term column header printed as Years; values appear to be months
Term column header printed as Years; values appear to be months
Term column header printed as Years; values appear to be months
Term column header printed as Years; values appear to be months
Term (Months): 36
Springfield New Auto Auto Loan Rates
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Vehicle loan; Loan Rates Effective 10/01/2026
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Vehicle loan; Loan Rates Effective 10/01/2026
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Fixed-rate new car loan; 60-month option; as of Nov. 5, 2026; excludes additional BofA Rewards discount up to 0.50%
As Low As; Vehicle loan; Loan Rates Effective 10/01/2026
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; Vehicle loan; Loan Rates Effective 10/01/2026
New vehicle; Rate includes 0.250% discount with automatic payment from a Westfield Bank checking account; Consumer only; Loan amount up to 100% of purchase price up to $50,000
New vehicle; Rate includes 0.250% discount with automatic payment from a Westfield Bank checking account; Consumer only; Loan amount up to 100% of purchase price up to $50,000
New vehicle; Rate includes 0.250% discount with automatic payment from a Westfield Bank checking account; Consumer only; Loan amount up to 100% of purchase price up to $50,000
Loan rate; $10,000 minimum for 37-60 months and $20,000 minimum for 61-84 months apply to other terms; Add 1/2% to all loan rates if you do not make automatic payments
As Low As
Amount: 90% Financing; Rates effective 9/1/2026; for loans paid through payroll deduction or automatic payment
$10,000 minimum for 37-60 months
Loan rate; $10,000 minimum; Add 1/2% to all loan rates if you do not make automatic payments
Term: Maximum term to 60 months; As Low As; APR* As Low As 3.99%
Term: Maximum term to 72 months; As Low As; APR* As Low As 3.99%
APR*; ** 110% financing based on the Kelly Blue Book value or the purchase price plus applicable sales tax
APR*; ** 110% financing based on the Kelly Blue Book value or the purchase price plus applicable sales tax
As Low As
As Low As; Model Year: 2027 - 2023; Includes 1.00% automatic monthly payment discount
As Low As; Model Year: 2025 or newer with less than 7,000 miles; Percent of Financing: Up to 100% financing available
As Low As; APR with auto pay; auto pay discounted rate requires QCU Checking Account
- Oct 10, 20264.49%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As; Model Years 2025-2026; New and Used, maximum borrowed $150,000; APR range 4.49% up to 8.24%; New vehicles have 5,000 miles or less
Car Type: New < 25K miles; APR includes .25% discount for automatic payments; 4.74% APR without automatic payments
New vehicle with less than 25K miles; APR includes .25% discount for automatic payments
Annual Percentage Rate; Rates accurate as of 1/30/2026
Model Year: 2026 - 2027; Conditions: 100% or up to 125% Financing & VSI/$125,000 Maximum; Rates effective as of February 4, 2026
APR*; ** 110% financing based on the Kelly Blue Book value or the purchase price plus applicable sales tax
As Low As; Model Year: 2025 or newer with less than 7,000 miles; Percent of Financing: Up to 100% financing available
As Low As; Model Year: 2027 - 2023; Includes 1.00% automatic monthly payment discount
As Low As; Model Year: 2020 & Older; Includes 1.00% automatic monthly payment discount
As Low As; Model Years 2025-2026; New and Used, maximum borrowed $150,000; APR range 4.74% up to 8.49%; New vehicles have 5,000 miles or less
Car Type: New < 25K miles; APR includes .25% discount for automatic payments
Model Year: 2026 - 2027; Conditions: 100% or up to 125% Financing & VSI/$125,000 Maximum; Rates effective as of February 4, 2026
APR*; ** 110% financing based on the Kelly Blue Book value or the purchase price plus applicable sales tax
Amount: Up to $90,000
As Low As; Maximum Amount: 110.00%
Vehicle Years: 2025 - 2026; Monthly payment per $1,000: $18.87
$20,000 minimum for 61-84 months
Loan rate; $20,000 minimum; Add 1/2% to all loan rates if you do not make automatic payments
As Low As; Maximum Amount: $85,000; Condition: NEW; Rates effective as of 9/29/2026
As Low As; Autopay required; New loans only; No combining offers; Terms up to 84 months; Financing up to 125%
As Low As; Up to 105% financing of purchase price of new and used vehicles; Auto must be no older than 7 years; Maximum car loan amount is $70,000.00; GAP Insurance available
Credit Tier: Platinum 720+; LTV Max: 100%; Minimum Loan Amount: 6,000
- Oct 29, 20264.99%▼ from 5.00%
- Sep 21, 20265.00%first recorded
Credit Tier: Platinum 720+; LTV Max: 100%; Minimum Loan Amount: 6,000
- Oct 29, 20264.99%▼ from 5.00%
- Sep 21, 20265.00%first recorded
Credit Tier: Platinum 720+; LTV Max: 100%; Minimum Loan Amount: 6,000
- Oct 29, 20264.99%▼ from 5.00%
- Sep 21, 20265.00%first recorded
Credit Tier: Platinum 720+; LTV Max: 100%; Minimum Loan Amount: 10,000
- Oct 29, 20264.99%▼ from 5.00%
- Sep 21, 20265.00%first recorded
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; Classic auto loan. Payment includes single life insurance and VSI insurance. 100% financing not to exceed NADA value or purchase price. Refinancing of existing New Bedford Credit Union loans is excluded. Maximum up to $65,000.
As Low As; Classic auto loan. Payment includes single life insurance and VSI insurance. 100% financing not to exceed NADA value or purchase price. Refinancing of existing New Bedford Credit Union loans is excluded. Maximum up to $65,000.
As Low As; Classic auto loan. Payment includes single life insurance and VSI insurance. 100% financing not to exceed NADA value or purchase price. Refinancing of existing New Bedford Credit Union loans is excluded. Maximum up to $65,000.
As Low As; Model Years 2025-2026; New and Used, maximum borrowed $150,000; APR range 4.99% up to 8.99%; New vehicles have 5,000 miles or less
Annual Percentage Rate; Rates accurate as of 1/30/2026
Model Year: 2026 - 2027; Conditions: 100% or up to 125% Financing & VSI/$125,000 Maximum; Rates effective as of February 4, 2026
As Low As; APR with auto pay; auto pay discounted rate requires QCU Checking Account
- Oct 10, 20265.00%▲ from 4.50%
- Sep 14, 20264.50%first recorded
Effective Date: Monday, October 26th, 2026
As Low As; Model Year: 2027 - 2023; 84 Month Term for qualified vehicles and borrowers only; Includes 1.00% automatic monthly payment discount
As Low As; Loan Amount: Maximum $100,000; Year: 2024-2026
As Low As; Loan Amount (min/max): $1,000 / $300,000
Credit Tier: B 679-660; LTV Max: 90%; Minimum Loan Amount: 6,000
- Oct 29, 20265.24%▼ from 5.25%
- Sep 21, 20265.25%first recorded
Credit Tier: B 679-660; LTV Max: 90%; Minimum Loan Amount: 6,000
- Oct 29, 20265.24%▼ from 5.25%
- Sep 21, 20265.25%first recorded
Credit Tier: B 679-660; LTV Max: 90%; Minimum Loan Amount: 6,000
- Oct 29, 20265.24%▼ from 5.25%
- Sep 21, 20265.25%first recorded
Credit Tier: B 679-660; LTV Max: 90%; Minimum Loan Amount: 10,000
- Oct 29, 20265.24%▼ from 5.25%
- Sep 21, 20265.25%first recorded
APR effective 10/6/26; published rate reflects a .25% discount when you maintain automatic loan payments; subject to credit approval
- Oct 10, 20265.24%▲ from 4.74%
- Sep 18, 20264.74%first recorded
APR effective 10/6/26; published rate reflects a .25% discount when you maintain automatic loan payments; subject to credit approval
- Oct 10, 20265.24%▲ from 4.74%
- Sep 18, 20264.74%first recorded
APR effective 10/6/26; published rate reflects a .25% discount when you maintain automatic loan payments; subject to credit approval
- Oct 10, 20265.24%▲ from 4.74%
- Sep 18, 20264.74%first recorded
APR effective 10/6/26; published rate reflects a .25% discount when you maintain automatic loan payments; subject to credit approval
- Oct 10, 20265.24%▲ from 4.74%
- Sep 18, 20264.74%first recorded
Springfield Used Auto Auto Loan Rates
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Model Year: 2021-2025; Payment per $1,000 borrowed: $23.14
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Rates for A credit applicants financing less than 80% Loan-To-Value; includes maximum .35% relationship discount; financing up to 100% of cost; maximum loan $75,000.00
As Low As; Model Year: 2021-2025; Payment per $1,000 borrowed: $19.10
As Low As; Fixed-rate used car loan; 60-month option; as of Nov. 5, 2026; excludes additional BofA Rewards discount up to 0.50%
As Low As; Used Auto Loan Rates (2016-2020)
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: 2021-2025; Payment per $1,000 borrowed: $16.69
As Low As; Model Year: 2021-2025; Payment per $1,000 borrowed: $15.09
Model Year up to 2021; Maximum term 36 months, lesser of 80% of purchase price or 80% NADA Clean Retail; Rate includes 0.250% discount with automatic payment from a Westfield Bank checking account; Consumer only
Model Year up to 2022; Maximum term 48 months, lesser of 80% of purchase price or 80% NADA Clean Retail; Rate includes 0.250% discount with automatic payment from a Westfield Bank checking account; Consumer only
Model Years 2023-2026; Maximum term 60 months, lesser of 90% of purchase price or 90% NADA Clean Retail; Rate includes 0.250% discount with automatic payment from a Westfield Bank checking account; Consumer only
As Low As; Used Auto Loan Rates (2016-2020)
As Low As
Amount: 90% Financing; Model Year: 2026 - 2027; Rates for loans paid through payroll deduction or automatic payment
Loan rate; Add 1/2% to all loan rates if you do not make automatic payments
APR*; ** 110% financing based on the Kelly Blue Book value or the purchase price plus applicable sales tax
As Low As; Model Year: 2027 - 2023; Includes 1.00% automatic monthly payment discount
Term: Maximum term to 48 months; As Low As; Vehicles 1 - 5 years old; with 15% down
- Oct 12, 20264.49%▲ from 4.10%
- Sep 12, 20264.10%first recorded
As Low As; APR with auto pay; auto pay discounted rate requires QCU Checking Account
- Oct 10, 20264.49%▲ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As; Model Years 2025-2026; New and Used, maximum borrowed $150,000; APR range 4.49% up to 8.24%; New vehicles have 5,000 miles or less
As Low As; APR range 4.49% up to 8.24%; Maximum borrowed $150,000
Model Year: 2021 - 2025; Conditions: 100% or up to 125% Financing & VSI/$75,000 Maximum
APR*; ** 110% financing based on the Kelly Blue Book value or the purchase price plus applicable sales tax
As Low As
As Low As; Model Years: 2023 or newer (and 2025 with more than 7,000 miles); Percent of Financing: Up to 100% financing available
As Low As; Model Year: 2027 - 2023; Includes 1.00% automatic monthly payment discount
As Low As; Model Year: 2020 & Older; Includes 1.00% automatic monthly payment discount
As Low As; Model Years 2025-2026; New and Used, maximum borrowed $150,000; APR range 4.74% up to 8.49%; New vehicles have 5,000 miles or less
As Low As; APR range 4.74% up to 8.49%; Maximum borrowed $150,000
Model Year: 2022 - 2024
Model Year: 2021 - 2025; Conditions: 100% or up to 125% Financing & VSI/$75,000 Maximum
As Low As; Maximum Amount: 100.00%
Amount: 90% Financing; Model Year: 2023 - 2025; Rates for loans paid through payroll deduction or automatic payment
$10,000 minimum for 37-60 months
Loan rate; $10,000 minimum; Add 1/2% to all loan rates if you do not make automatic payments
Model Year: 2023, 2024; Up to 105% financing of purchase price of new and used vehicles; Auto must be no older than 7 years; Maximum car loan amount is $70,000.00; GAP Insurance available
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; Rate posted for 740+ FICO credit score; Not available for commercial purpose vehicles; Maximum age of vehicle is 10 years old
As Low As; Model Years 2025-2026; New and Used, maximum borrowed $150,000; APR range 4.99% up to 8.99%; New vehicles have 5,000 miles or less
As Low As; APR range 4.99% up to 8.99%; Maximum borrowed $150,000
Car Type: Used > 25K miles; APR includes .25% discount for automatic payments; 5.24% APR without automatic payments
Used vehicle with more than 25K miles; APR includes .25% discount for automatic payments
Model Year: 2021 - 2025; Conditions: 100% or up to 125% Financing & VSI/$75,000 Maximum
LTV Max: 100%; Credit Grade: Platinum (FICO 720+); Minimum Loan Amount: $6,000
LTV Max: 100%; Credit Grade: Platinum (FICO 720+); Minimum Loan Amount: $6,000
LTV Max: 100%; Credit Grade: Platinum (FICO 720+); Minimum Loan Amount: $6,000
LTV Max: 100%; Credit Grade: Platinum (FICO 720+); Minimum Loan Amount: $10,000
APR*; ** 110% financing based on the Kelly Blue Book value or the purchase price plus applicable sales tax
As Low As; APR with auto pay; auto pay discounted rate requires QCU Checking Account
- Oct 10, 20265.00%▲ from 4.50%
- Sep 14, 20264.50%first recorded
As Low As; Classic auto loan; 100% financing available; Maximum up to $65,000
As Low As; Classic auto loan; 100% financing available; Maximum up to $65,000
As Low As; Classic auto loan; 100% financing available; Maximum up to $65,000
As Low As; Automobile Loan (100% financing available); Classic auto loan; Payment includes single life insurance and VSI insurance; 100% financing not to exceed NADA value or purchase price; Maximum up to $65,000
As Low As; Automobile Loan (100% financing available); Classic auto loan; Payment includes single life insurance and VSI insurance; 100% financing not to exceed NADA value or purchase price; Maximum up to $65,000
As Low As; Automobile Loan (100% financing available); Classic auto loan; Payment includes single life insurance and VSI insurance; 100% financing not to exceed NADA value or purchase price; Maximum up to $65,000
As Low As; Model Year: 2027 - 2023; 84 Month Term for qualified vehicles and borrowers only; Includes 1.00% automatic monthly payment discount
As Low As; Loan Amount: Maximum $100,000; Year: 2024-2026
As Low As; Loan Amount (min/max): $1,000 / $300,000
As Low As; APR range 5.24% up to 9.24%; Used vehicle, maximum borrowed $75,000; Model Year 2021
As Low As; APR range 5.24% up to 9.24%; Used vehicle, maximum borrowed $75,000; Model Year 2021
Car Type: Used > 25K miles; APR includes .25% discount for automatic payments
Effective Date: Monday, October 26th, 2026
Term column header printed as Years; values appear to be months
Term column header printed as Years; values appear to be months
Term column header printed as Years; values appear to be months
Term column header printed as Years; values appear to be months
Term (Months): 36
Springfield, MA Auto Loan Rate Trends
Compare local Springfield, MA 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.
Massachusetts new auto rates rose 0.008 points over the past 7 days to 5.636% APR.
Massachusetts used auto rates fell 0.024 points over the past 7 days to 6.202% APR.
Springfield, MA 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 Massachusetts 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 Massachusetts 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 @ 5.64% APR MA average | Used Auto @ 6.20% APR MA average | Monthly Difference |
|---|---|---|---|
| $15,000 | $287.46/mo | $291.40/mo | $3.95/mo |
| $25,000 | $479.10/mo | $485.67/mo | $6.58/mo |
| $35,000 | $670.73/mo | $679.94/mo | $9.21/mo |
| $45,000 | $862.37/mo | $874.21/mo | $11.84/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, Massachusetts
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Springfield, Massachusetts 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 Massachusetts. 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, Massachusetts 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, Massachusetts CD rates lock in a guaranteed return until you’re ready to buy
Springfield, Massachusetts Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $575 monthly car payment works out to roughly 18.5% of the median individual income in Springfield, Massachusetts. 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, Massachusetts, 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, Massachusetts. We’ve prefilled the APR with today’s MA 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, Massachusetts 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, Massachusetts 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, Massachusetts. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in MA.
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, Massachusetts
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, Massachusetts
What are auto loan rates in Springfield, Massachusetts today?
How does my credit score affect my car loan rate in Springfield, Massachusetts?
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, Massachusetts?
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, Massachusetts?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Springfield, Massachusetts?
- Greater Springfield Credit Union: 3.99% (New and Used Auto Loan)
- MassMutual Federal Credit Union: 4.99% (New Auto Loan)
- Bank of America: 5.64% (New Car (dealer) Auto Loan)
- Chase Bank: 6.09% (Auto Loan - New car purchase)
- Westfield Bank: 7.25% (Auto Loan - New 36 Months)
Springfield, Massachusetts Rates & Resources
