Ann Arbor, Michigan Best Auto Loan Rates for November 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Ann Arbor, Michigan auto loan rates range from 2.99% to 10.45% APR, verified by MonitorBankRates as of November 9, 2026. Current auto loan rates in Ann Arbor, Michigan include Michigan Educational Credit UnionMichigan Educational Credit Union4141 Jackson Rd, Ann Arbor, MI, 48103 1827A+5.0 ★Texas Ratio: 1.03%Rate verified Nov 8, 2026 offering Automobiles (100% Financed) at 4.49%, University of Michigan Credit UnionUniversity of Michigan Credit Union340 E Huron St, Ann Arbor, MI, 48104A+5.0 ★Texas Ratio: 5.54%Rate verified Nov 8, 2026 offering Auto Loan at 5.24%, Dfcu Financial Credit UnionDfcu Financial Credit Union2910 Carpenter Rd, Ann Arbor, MI, 48108A+5.0 ★Texas Ratio: 1.86%Rate verified Nov 8, 2026 offering New Vehicle With Auto Pay From DFCU Account at 5.34%, Bank of AmericaBank of America395 Briarwood Cir, Ann Arbor, MI, 48108A+5.0 ★Texas Ratio: 4.14%Rate verified Nov 5, 2026 offering New Car (dealer) Auto Loan at 5.64%, Lake Trust Credit UnionLake Trust Credit Union2222 Packard St, Ann Arbor, MI, 48104 6368A5.0 ★Texas Ratio: 6.91%Rate verified Nov 8, 2026 offering Auto Loan at 5.64%. Auto loan rates as of November 9, 2026 according to verified data from MonitorBankRates.
Ann Arbor has 7 local institutions in our database, with auto loan rates as low as 4.49% APR from Michigan Educational Credit Union at 4141 Jackson Rd, Ann Arbor, MI, 48103 1827. 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 Ann Arbor, Michigan. Auto Loan Rates Last Updated and Verified: November 9, 2026
Compare Auto Loan Rates Today in Ann Arbor, Michigan & Surrounding Area
Ann Arbor Auto Loan Rates
As Low As; Model Year: 2027 - 2002; Effective Date: 10/01/2026
As Low As; Model Year: 2027 - 2002; Effective Date: 10/01/2026
As Low As; Model Year: 2027 - 2002; Effective Date: 10/01/2026
Published APR range: 5.24% - 14.09%. Effective Date: October 1, 2026
APR range: 5.24% - 14.09%; Effective Date: October 1, 2026
APR range: 5.24% - 14.09%; Effective Date: October 1, 2026
APR range: 5.24% - 14.09%; Effective Date: October 1, 2026
APR range: 5.24% - 15.09%; Effective Date: October 1, 2026
As Low As; Fixed APR; Risk based on creditworthiness and term; Auto pay from DFCU Financial checking or savings account
- Oct 9, 20265.34%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Model Year: 2027 - 2002; Effective Date: 10/01/2026
As Low As; Fixed APR; Risk based; Preferred rate with auto pay from DFCU account (0.25% discount); Rates effective as of 11/03/2026
- Oct 9, 20265.49%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Fixed APR; Risk based on creditworthiness and term; Auto pay from DFCU Financial checking or savings account
- Oct 9, 20265.59%▲ from 5.24%
- Sep 14, 20265.24%first recorded
As Low As; Risk based APR; Fixed APR; Without auto pay
- Oct 9, 20265.59%▲ from 5.24%
- Sep 14, 20265.24%first recorded
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; Model Years: New - 2024; APR range 5.64% to 14.49%; range excludes 0.25% member discount
As Low As; Model Year: 2027 - 2002; Effective Date: 10/01/2026
As Low As; Fixed APR; Risk based; Preferred rate with auto pay from DFCU account (0.25% discount); Rates effective as of 11/03/2026
- Oct 9, 20265.74%▲ from 5.24%
- Sep 14, 20265.24%first recorded
As Low As; Risk based APR; Preferred rates with auto pay discount of 0.25% not included; Rates effective as of 11/03/2026
- Oct 9, 20265.74%▲ from 5.24%
- Sep 14, 20265.24%first recorded
As Low As; Model Years: New - 2024; APR range 5.74% to 14.59%; range excludes 0.25% member discount
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; Risk based APR; Fixed APR; Without auto pay
- Oct 9, 20265.84%▲ from 5.49%
- Sep 14, 20265.49%first recorded
As Low As; Model Years: 2018 - 2023 (145K miles or less); APR range 5.89% to 14.74%; range excludes 0.25% member discount
- Oct 13, 20265.89%▲ from 5.64%
- Sep 14, 20265.64%first recorded
As Low As; Risk based APR; Preferred rates with auto pay discount of 0.25% not included; Rates effective as of 11/03/2026
- Oct 9, 20265.99%▲ from 5.49%
- Sep 14, 20265.49%first recorded
As Low As; Model Years: 2018 - 2023 (145K miles or less); APR range 5.99% to 14.84%; range excludes 0.25% member discount
- Oct 13, 20265.99%▲ from 5.74%
- Sep 14, 20265.74%first recorded
Financing amount: $45,000; For online applicants with an excellent credit history
- Oct 31, 20266.09%▲ from 6.04%
- Oct 26, 20266.04%▼ from 6.24%
- Oct 14, 20266.24%first recorded
Financing amount: $30,000; For online applicants with an excellent credit history
- Oct 26, 20266.09%▼ from 6.29%
- Oct 14, 20266.29%first recorded
APR based on 60 months and $45,000 financing; for online applicants with excellent credit; new car purchase
- Oct 31, 20266.09%▼ from 6.24%
- Oct 2, 20266.24%▲ from 6.14%
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
APR based on 60 months and $30,000 financing; for online applicants with excellent credit; used car purchase
- Oct 31, 20266.09%▼ from 6.29%
- Oct 2, 20266.29%▲ from 6.19%
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
APR range: 6.24% - 16.34%; Effective Date: October 1, 2026
As Low As; Model Years: New - 2024; APR range 6.29% to 14.79%; range excludes 0.25% member discount
- Oct 13, 20266.29%▲ from 6.04%
- Sep 14, 20266.04%first recorded
As Low As; Fixed APR; Risk based on creditworthiness and term; Auto pay from DFCU Financial checking or savings account
- Oct 9, 20266.34%▲ from 5.99%
- Sep 14, 20265.99%first recorded
As Low As; Model Years: New - 2024; APR range 6.39% to 15.19%; range excludes 0.25% member discount
As Low As; Model Years: 2018 - 2023 (145K miles or less); APR range 6.39% to 15.04%; range excludes 0.25% member discount
- Oct 13, 20266.39%▼ from 6.54%
- Sep 14, 20266.54%first recorded
As Low As; Fixed APR; Risk based; Preferred rate with auto pay from DFCU account (0.25% discount); Rates effective as of 11/03/2026
- Oct 9, 20266.49%▲ from 5.99%
- Sep 14, 20265.99%first recorded
As Low As; Model Years: New - 2024; APR range 6.49% to 15.69%; range excludes 0.25% member discount
As Low As; Model Years: 2018 - 2023 (145K miles or less); APR range 6.49% to 15.44%; range excludes 0.25% member discount
As Low As; Model Years: 2017 & Older (145K miles or less); APR range 6.49% to 15.24%; range excludes 0.25% member discount
- Oct 13, 20266.49%▲ from 5.64%
- Sep 14, 20265.64%first recorded
As Low As; Risk based APR; Fixed APR; Without auto pay
- Oct 9, 20266.59%▲ from 6.24%
- Sep 14, 20266.24%first recorded
As Low As; Model Years: 2018 - 2023 (145K miles or less); APR range 6.59% to 15.94%; range excludes 0.25% member discount
As Low As; Model Years: 2017 & Older (145K miles or less); APR range 6.59% to 15.34%; range excludes 0.25% member discount
- Oct 13, 20266.59%▲ from 5.74%
- Sep 14, 20265.74%first recorded
As Low As; Risk based APR; Preferred rates with auto pay discount of 0.25% not included; Rates effective as of 11/03/2026
- Oct 9, 20266.74%▲ from 6.24%
- Sep 14, 20266.24%first recorded
As Low As; Model Years: 2017 & Older (145K miles or less); APR range 6.79% to 15.54%; range excludes 0.25% member discount
- Oct 13, 20266.79%▲ from 6.54%
- Sep 14, 20266.54%first recorded
Model Years: 2022 - 2026; Max term; Credit score 720 or greater; Autopay discount: rate 6.49%, APR 6.63%; Rates effective 09/17/2026
- Oct 2, 20266.88%▲ from 6.74%
- Sep 24, 20266.74%▼ from 6.99%
- Sep 18, 20266.99%first recorded
As Low As; APR range 6.99% to 16.69%; Vehicle Microloan
Model Years: 2020 - 2021; Max term; Credit score 720 or greater; Autopay discount: rate 6.74%, APR 6.91%; Rates effective 09/17/2026
- Oct 2, 20267.16%▲ from 6.99%
- Sep 24, 20266.99%▼ from 7.24%
- Sep 18, 20267.24%first recorded
As Low As; APR range 7.24% to 16.94%; Vehicle Microloan
Model Years: 2018 - 2019; Max term; Credit score 720 or greater; Autopay discount: rate 7.24%, APR 7.45%; Rates effective 09/17/2026
- Oct 2, 20267.70%▲ from 7.49%
- Sep 24, 20267.49%▼ from 7.74%
- Sep 18, 20267.74%first recorded
As Low As; APR range 7.74% to 17.44%; Vehicle Microloan
As Low As; Minimum loan $10,000; Effective Date: 10/01/2026
Model Years: 2016 - 2017; Max term; Credit score 720 or greater; Autopay discount: rate 8.75%, APR 9.02%; Rates effective 09/17/2026
- Oct 2, 20269.27%▲ from 9.02%
- Sep 27, 20269.02%▲ from 9.00%
- Sep 24, 20269.00%▼ from 9.25%
- Sep 18, 20269.25%first recorded
As Low As; Minimum Amount to Finance: No Minimum; APR range 9.70% to 18.20%; qualified vehicles include personal watercraft, snowmobiles, ATVs, tractors, riding lawn mowers, trailers and other accepted collateral
As Low As; Minimum Amount to Finance: $5,000; APR range 9.95% to 18.45%; qualified vehicles include personal watercraft, snowmobiles, ATVs, tractors, riding lawn mowers, trailers and other accepted collateral
As Low As; Minimum Amount to Finance: $10,000; APR range 10.20% to 18.70%; qualified vehicles include personal watercraft, snowmobiles, ATVs, tractors, riding lawn mowers, trailers and other accepted collateral
As Low As; Minimum Amount to Finance: $15,000; APR range 10.45% to 18.95%; qualified vehicles include personal watercraft, snowmobiles, ATVs, tractors, riding lawn mowers, trailers and other accepted collateral
Military APR; Model Year: New or Used Vehicle, 2022 and Newer; Requires full direct deposit of $2,000 or more into checking; Military status verification required
All rates are based on 725 credit score
All rates are based on 725 credit score
As Low As; Model Year: New or Used Vehicle, 2022 and Newer
All rates are based on 725 credit score
AUTO LOAN SPECIAL; Model Year: 2022-2027
As Low As; APR or Annual Percentage Rates
As Low As; New Vehicle Rates (2026 - 2023); Effective Date: Saturday, November 7th, 2026
Military APR; Model Year: New or Used Vehicle, 2022 and Newer; Requires full direct deposit of $2,000 or more into checking; Military status verification required
APR range: 3.99%-11.50%; Minimum Loan Amount: $5k
As Low As
As Low As; Vehicle Loans; Rate may be higher depending on credit history, loan purpose, amount, and/or term; Some restrictions may apply
As Low As; Limited-Time Offer; Rates valid for Used Autos (Model years 2017-2022)
As Low As; Limited-Time Offer; Rates valid for New & Used Autos (Model years 2023-2027)
As Low As; New vehicles / motorcycles
As Low As; Model Year: New Auto 2025 & Newer
As Low As; Rates based on credit score
Credit Score: 780+; Credit Grade: A+; Rates effective 10/01/2026
Credit Score: 780+; Credit Grade: A+; Rates effective 10/01/2026
Credit Score: 780+; Credit Grade: A+; Rates effective 10/01/2026
All rates are based on 725 credit score
As Low As; Model Year: 2023 and newer; Approximate; APR may vary with credit qualifications, collateral age, payment protection, and Direct Deposit with AutoPay from a Genisys account; 90 days no payment offer for credit scores of 660+, interest accrues
As Low As; Specific rates based on credit history and determined after application is reviewed
As Low As; Rates as low as 4.14% APR, same rates for new, used, and refinance vehicles; a 0.25% APR reduction is available with automatic payment from a CASE checking account; CASE membership required
As Low As; Model Year: New Auto 2025 & Newer
As Low As; Relationship APR; Relationship discount applies with multiple CFCU products
As Low As; Model Year: 2022 and Newer
As Low As; Effective Date: Thursday, October 22nd, 2026
As Low As; Effective Date: Saturday, November 7th, 2026; Term shows maximum number of months for loan.
As Low As; APR or Annual Percentage Rates
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.24%▼ from 4.49%
- Sep 14, 20264.49%first recorded
Term: Up to 72 Months > $15k; Military APR; Model Year: New or Used Vehicle, 2022 and Newer; Requires full direct deposit of $2,000 or more into checking; Military status verification required
Military APR; Model Year: Used Vehicle, 2020-2021; Requires full direct deposit of $2,000 or more into checking; Military status verification required
As Low As; Secured (Titled New/Used Vehicles); APR varies based on model year, term, and credit score; Membership required
As Low As; Loan Amount: n/a; NEW MONEY ONLY; APR may be higher based on credit score
As Low As; APR as low as
Rates accurate as of October 19, 2026; APR
As Low As; Interest begins to accrue when loan funds are disbursed
Used Vehicles (2022-2025); APR=Annual Percentage Rate; rates accurate as of October 19, 2026
As Low As; APR**; As low as rate includes 0.25% discount for auto payment setup at loan closing; Add .25% for vehicles 5 years and older
Credit Score: 750+; Rate with 0% Down; Term Based on Loan Amount
Model Year: 2026-2024; Max 100% A Credit Tier; APR is Annual Percentage Rate; Rates based on Risk Base Lending
All rates are based on 725 credit score
As Low As; New Vehicle Rates (2026 - 2023); Effective Date: Saturday, November 7th, 2026
- Oct 5, 20264.30%▲ from 4.29%
- Sep 14, 20264.29%first recorded
As Low As; Model Year: New Auto 2025 & Newer
As Low As; Year/Amount: 2021 - 2027
As Low As; Year: 2023 and Newer; Credit score 751 and higher (A+); Financing up to 100% NADA retail value
As Low As
As Low As; APR or Annual Percentage Rates
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.49%▼ from 4.74%
- Sep 14, 20264.74%first recorded
Term: Up to 84 Months > $25k; Military APR; Model Year: New or Used Vehicle, 2022 and Newer; Requires full direct deposit of $2,000 or more into checking; Military status verification required
Military APR; Model Year: Used Vehicle, 2017-2019; Requires full direct deposit of $2,000 or more into checking; Military status verification required
Term: Up to 72 Months > $15k; Military APR; Model Year: Used Vehicle, 2020-2021; Requires full direct deposit of $2,000 or more into checking; Military status verification required
APR range: 4.49%-12%; Minimum Loan Amount: $5k
APR range: 4.49%-17%; Minimum Loan Amount: $10k
As Low As; Secured (Titled New/Used Vehicles); APR varies based on model year, term, and credit score; Membership required
As Low As; New vehicles / motorcycles
As Low As; Minimum Loan Amount $4,000
Additional APR listed for this product: 4.74%, 4.99%, 5.74%. As Low As; APR**; As low as rate includes 0.25% discount for auto payment setup at loan closing; Add .25% for vehicles 5 years and older
Rates based on credit score
AUTO LOAN SPECIAL; Model Year: 2019-2021
Credit Score: 680-779; Credit Grade: A; Rates effective 10/01/2026
Credit Score: 680-779; Credit Grade: A; Rates effective 10/01/2026
Credit Score: 680-779; Credit Grade: A; Rates effective 10/01/2026
As Low As; Model Year: 2022 and Newer
As Low As; New Vehicle Rates (2026 - 2023); Effective Date: Saturday, November 7th, 2026
- Oct 5, 20264.50%▲ from 4.49%
- Sep 14, 20264.49%first recorded
As Low As; Model Year: 2022 - 2018; Effective Date: Saturday, November 7th, 2026
- Nov 7, 20264.50%▼ from 7.00%
- Nov 3, 20267.00%first recorded
As Low As; Model Year: 2021 and newer; Effective Date: October 1, 2026
As Low As; FICO 680 or better; loan amount example $35,000 based on maximum term
- Oct 26, 20264.50%▲ from 4.25%
- Oct 14, 20264.25%first recorded
As Low As; FICO 680 or better; loan amount example $35,000 based on maximum term
- Oct 26, 20264.50%▲ from 4.25%
- Oct 14, 20264.25%first recorded
As Low As; FICO 680 or better; loan amount example $35,000 based on maximum term
- Oct 26, 20264.50%▲ from 4.25%
- Oct 14, 20264.25%first recorded
Credit Score: 700-800
Credit Score: 700-800; No discounts on the interest rate if an Auto-Up Loan
As Low As; 48 Month Auto Loan Special applies to 2019 or newer, $145 loan app fee, new to FCU money only
- Nov 3, 20264.58%▲ from 4.48%
- Sep 14, 20264.48%first recorded
As Low As; Year: 2023 and Newer; Credit score 751 and higher (A+); Financing up to 100% NADA retail value
As Low As; Year/Amount: 2021 - 2027
As Low As; Minimum Loan Amount $7,500
As Low As; New & Used; Model Year: 2016 - 2026
As Low As; Model Year: 2022 and Newer
As Low As; Effective Date: Thursday, October 22nd, 2026
As Low As; Effective Date: Saturday, November 7th, 2026; Term shows maximum number of months for loan.
As Low As; APR or Annual Percentage Rates
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.74%▼ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Model Year: New or Used Vehicle, 2022 and Newer
Term: Up to 72 Months > $15k; Military APR; Model Year: Used Vehicle, 2017-2019; Requires full direct deposit of $2,000 or more into checking; Military status verification required
APR range: 4.74%-17.50%; Minimum Loan Amount: $10k
As Low As; Model Year: 2021 and newer; Effective Date: October 1, 2026
Term: Terms up to 60 months; As Low As; Model Year: 2024 and Newer
As Low As; Loan Amount: >15,000.00; NEW MONEY ONLY; APR may be higher based on credit score
As Low As; Auto Loan Rates, New vehicles; Consumer Loan APR; individual rates vary by credit history and underwriting
As Low As; Rate reflects qualifying monthly direct deposit of at least $900.00; Rates effective 10/13/2026
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
As Low As; Vehicle Model Years: All Years; Effective 11/01/2026; 0.50% rate discount for 80% LTV and 0.25% automatic payment discount from a United checking account; model years 2021-2017 add 0.25% premium, 2016 and older add 0.75% premium
- Nov 7, 20264.75%▲ from 2.99%
- Sep 17, 20262.99%first recorded
As Low As; Rebuilt-title vehicles subject to 1.00% rate increase
- Nov 3, 20264.75%▲ from 4.60%
- Sep 21, 20264.60%first recorded
Model Year: 2023-2021; Max 100% A Credit Tier; APR is Annual Percentage Rate; Rates based on Risk Base Lending
- Sep 18, 20264.75%▲ from 4.25%
- Sep 14, 20264.25%first recorded
Model Year: 2026-2024; Max 100% A Credit Tier; APR is Annual Percentage Rate; Rates based on Risk Base Lending
As Low As; Apply Today
As Low As with Direct Deposit; Model Year: 2021 and Newer
For cars years 2025 and newer
For cars years 2025 and newer
For cars years 2024 and older
For cars years 2024 and older
As Low As; New vehicles / motorcycles; Borrowing over $25,000.00
Vehicle Loans
As Low As; Terms available up to 96 months
As Low As; Terms available up to 84 months
As Low As; Terms available up to 72 months
84 month term on new vehicles only based on credit score; All rates are based on 725 credit score
As Low As; Year of Vehicle: 2024 & Newer; 90 Days No Payment; Credit approval required; excludes $35.00 processing fee
As Low As; Year of Vehicle: 2015 & Newer; 90 Days No Payment; Credit approval required
APR range 4.80%-17.95%; Effective Date: 10/26/2026
- Oct 28, 20264.80%▲ from 4.55%
- Oct 8, 20264.55%first recorded
As Low As; New Vehicle Rates (2026 - 2023); Effective Date: Saturday, November 7th, 2026
- Oct 5, 20264.80%▲ from 4.79%
- Sep 14, 20264.79%first recorded
Credit Score: 700-800
Credit Score: 620-699
Credit Score: 700-800; No discounts on the interest rate if an Auto-Up Loan
Credit Score: 620-699; No discounts on the interest rate if an Auto-Up Loan
As Low As; Year of Vehicle: 2024 & Newer; 90 Days No Payment; Credit approval required; excludes $35.00 processing fee
As Low As; Year of Vehicle: 2015 & Newer; 90 Days No Payment; Credit approval required
As Low As; Year of Vehicle: 2024 & Newer; 90 Days No Payment; Credit approval required; excludes $35.00 processing fee
As Low As; Year of Vehicle: 2015 & Newer; 90 Days No Payment; Credit approval required
As Low As; Vehicle Model Years: All Years; Effective 11/01/2026; 0.50% rate discount for 80% LTV and 0.25% automatic payment discount from a United checking account; model years 2021-2017 add 0.25% premium, 2016 and older add 0.75% premium
- Oct 2, 20264.85%▲ from 3.80%
- Sep 17, 20263.80%first recorded
As Low As; Term: 60 M; Check out our low rates for New Vehicles
As Low As; Model Year: New Auto 2025 & Newer
As Low As; Minimum Loan Amount $10,000
APR range 4.90%-17.95%; Effective Date: 10/26/2026
- Oct 28, 20264.90%▲ from 4.65%
- Oct 8, 20264.65%first recorded
As Low As; Model Year: 2021-2026; Maximum LTV: Up to 90%; Heroes Program Maximum LTV: Up to 115%; Minimum Loan Amount: $3,500 Minimum
- Nov 3, 20264.90%▲ from 4.60%
- Oct 19, 20264.60%first recorded
As Low As; Maximum Amount: 100% purchase price of vehicle
Amount: Up to $90,000
Ann Arbor New Auto Auto Loan Rates
APR range: 5.24% - 14.09%; Effective Date: October 1, 2026
APR range: 5.24% - 14.09%; Effective Date: October 1, 2026
APR range: 5.24% - 14.09%; Effective Date: October 1, 2026
APR range: 5.24% - 15.09%; Effective Date: October 1, 2026
As Low As; Fixed APR; Risk based on creditworthiness and term; Auto pay from DFCU Financial checking or savings account
- Oct 9, 20265.34%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Fixed APR; Risk based on creditworthiness and term; Auto pay from DFCU Financial checking or savings account
- Oct 9, 20265.59%▲ from 5.24%
- Sep 14, 20265.24%first recorded
As Low As; Risk based APR; Fixed APR; Without auto pay
- Oct 9, 20265.59%▲ from 5.24%
- Sep 14, 20265.24%first recorded
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; Risk based APR; Fixed APR; Without auto pay
- Oct 9, 20265.84%▲ from 5.49%
- Sep 14, 20265.49%first recorded
Financing amount: $45,000; For online applicants with an excellent credit history
- Oct 31, 20266.09%▲ from 6.04%
- Oct 26, 20266.04%▼ from 6.24%
- Oct 14, 20266.24%first recorded
APR based on 60 months and $45,000 financing; for online applicants with excellent credit; new car purchase
- Oct 31, 20266.09%▼ from 6.24%
- Oct 2, 20266.24%▲ from 6.14%
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
APR range: 6.24% - 16.34%; Effective Date: October 1, 2026
As Low As; Fixed APR; Risk based on creditworthiness and term; Auto pay from DFCU Financial checking or savings account
- Oct 9, 20266.34%▲ from 5.99%
- Sep 14, 20265.99%first recorded
As Low As; Risk based APR; Fixed APR; Without auto pay
- Oct 9, 20266.59%▲ from 6.24%
- Sep 14, 20266.24%first recorded
As Low As; APR range 6.99% to 16.69%; Vehicle Microloan
Military APR; Model Year: New or Used Vehicle, 2022 and Newer; Requires full direct deposit of $2,000 or more into checking; Military status verification required
All rates are based on 725 credit score
All rates are based on 725 credit score
As Low As; Model Year: New or Used Vehicle, 2022 and Newer
All rates are based on 725 credit score
AUTO LOAN SPECIAL; Model Year: 2022-2027
As Low As; New Vehicle Rates (2026 - 2023); Effective Date: Saturday, November 7th, 2026
Military APR; Model Year: New or Used Vehicle, 2022 and Newer; Requires full direct deposit of $2,000 or more into checking; Military status verification required
APR range: 3.99%-11.50%; Minimum Loan Amount: $5k
As Low As; New vehicles / motorcycles
As Low As; Model Year: New Auto 2025 & Newer
As Low As; Rates based on credit score
All rates are based on 725 credit score
As Low As; Model Year: 2023 and newer; Approximate; APR may vary with credit qualifications, collateral age, payment protection, and Direct Deposit with AutoPay from a Genisys account; 90 days no payment offer for credit scores of 660+, interest accrues
As Low As; Rates as low as 4.14% APR, same rates for new, used, and refinance vehicles; a 0.25% APR reduction is available with automatic payment from a CASE checking account; CASE membership required
As Low As; Model Year: New Auto 2025 & Newer
As Low As; Relationship APR; Relationship discount applies with multiple CFCU products
As Low As; Model Year: 2022 and Newer
As Low As; Effective Date: Thursday, October 22nd, 2026
As Low As; Effective Date: Saturday, November 7th, 2026; Term shows maximum number of months for loan.
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.24%▼ from 4.49%
- Sep 14, 20264.49%first recorded
Term: Up to 72 Months > $15k; Military APR; Model Year: New or Used Vehicle, 2022 and Newer; Requires full direct deposit of $2,000 or more into checking; Military status verification required
Military APR; Model Year: Used Vehicle, 2020-2021; Requires full direct deposit of $2,000 or more into checking; Military status verification required
As Low As; APR**; As low as rate includes 0.25% discount for auto payment setup at loan closing; Add .25% for vehicles 5 years and older
Credit Score: 750+; Rate with 0% Down; Term Based on Loan Amount
Model Year: 2026-2024; Max 100% A Credit Tier; APR is Annual Percentage Rate; Rates based on Risk Base Lending
All rates are based on 725 credit score
As Low As; New Vehicle Rates (2026 - 2023); Effective Date: Saturday, November 7th, 2026
- Oct 5, 20264.30%▲ from 4.29%
- Sep 14, 20264.29%first recorded
As Low As; Model Year: New Auto 2025 & Newer
As Low As
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.49%▼ from 4.74%
- Sep 14, 20264.74%first recorded
Term: Up to 84 Months > $25k; Military APR; Model Year: New or Used Vehicle, 2022 and Newer; Requires full direct deposit of $2,000 or more into checking; Military status verification required
Military APR; Model Year: Used Vehicle, 2017-2019; Requires full direct deposit of $2,000 or more into checking; Military status verification required
Term: Up to 72 Months > $15k; Military APR; Model Year: Used Vehicle, 2020-2021; Requires full direct deposit of $2,000 or more into checking; Military status verification required
APR range: 4.49%-12%; Minimum Loan Amount: $5k
APR range: 4.49%-17%; Minimum Loan Amount: $10k
As Low As; Minimum Loan Amount $4,000
Additional APR listed for this product: 4.74%, 4.99%, 5.74%. As Low As; APR**; As low as rate includes 0.25% discount for auto payment setup at loan closing; Add .25% for vehicles 5 years and older
Rates based on credit score
AUTO LOAN SPECIAL; Model Year: 2019-2021
As Low As; Model Year: 2022 and Newer
As Low As; New Vehicle Rates (2026 - 2023); Effective Date: Saturday, November 7th, 2026
- Oct 5, 20264.50%▲ from 4.49%
- Sep 14, 20264.49%first recorded
As Low As; Model Year: 2021 and newer; Effective Date: October 1, 2026
As Low As; FICO 680 or better; loan amount example $35,000 based on maximum term
- Oct 26, 20264.50%▲ from 4.25%
- Oct 14, 20264.25%first recorded
As Low As; FICO 680 or better; loan amount example $35,000 based on maximum term
- Oct 26, 20264.50%▲ from 4.25%
- Oct 14, 20264.25%first recorded
As Low As; FICO 680 or better; loan amount example $35,000 based on maximum term
- Oct 26, 20264.50%▲ from 4.25%
- Oct 14, 20264.25%first recorded
As Low As; Minimum Loan Amount $7,500
As Low As; Model Year: 2022 and Newer
As Low As; Effective Date: Saturday, November 7th, 2026; Term shows maximum number of months for loan.
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.74%▼ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Model Year: New or Used Vehicle, 2022 and Newer
Term: Up to 72 Months > $15k; Military APR; Model Year: Used Vehicle, 2017-2019; Requires full direct deposit of $2,000 or more into checking; Military status verification required
APR range: 4.74%-17.50%; Minimum Loan Amount: $10k
As Low As; Model Year: 2021 and newer; Effective Date: October 1, 2026
Term: Terms up to 60 months; As Low As; Model Year: 2024 and Newer
As Low As; Auto Loan Rates, New vehicles; Consumer Loan APR; individual rates vary by credit history and underwriting
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
As Low As; Vehicle Model Years: All Years; Effective 11/01/2026; 0.50% rate discount for 80% LTV and 0.25% automatic payment discount from a United checking account; model years 2021-2017 add 0.25% premium, 2016 and older add 0.75% premium
- Nov 7, 20264.75%▲ from 2.99%
- Sep 17, 20262.99%first recorded
Model Year: 2023-2021; Max 100% A Credit Tier; APR is Annual Percentage Rate; Rates based on Risk Base Lending
- Sep 18, 20264.75%▲ from 4.25%
- Sep 14, 20264.25%first recorded
Model Year: 2026-2024; Max 100% A Credit Tier; APR is Annual Percentage Rate; Rates based on Risk Base Lending
As Low As; Apply Today
As Low As with Direct Deposit; Model Year: 2021 and Newer
For cars years 2025 and newer
For cars years 2025 and newer
Vehicle Loans
As Low As; Terms available up to 96 months
84 month term on new vehicles only based on credit score; All rates are based on 725 credit score
As Low As; Year of Vehicle: 2024 & Newer; 90 Days No Payment; Credit approval required; excludes $35.00 processing fee
APR range 4.80%-17.95%; Effective Date: 10/26/2026
- Oct 28, 20264.80%▲ from 4.55%
- Oct 8, 20264.55%first recorded
As Low As; New Vehicle Rates (2026 - 2023); Effective Date: Saturday, November 7th, 2026
- Oct 5, 20264.80%▲ from 4.79%
- Sep 14, 20264.79%first recorded
As Low As; Year of Vehicle: 2024 & Newer; 90 Days No Payment; Credit approval required; excludes $35.00 processing fee
As Low As; Year of Vehicle: 2024 & Newer; 90 Days No Payment; Credit approval required; excludes $35.00 processing fee
As Low As; Vehicle Model Years: All Years; Effective 11/01/2026; 0.50% rate discount for 80% LTV and 0.25% automatic payment discount from a United checking account; model years 2021-2017 add 0.25% premium, 2016 and older add 0.75% premium
- Oct 2, 20264.85%▲ from 3.80%
- Sep 17, 20263.80%first recorded
As Low As; Term: 60 M; Check out our low rates for New Vehicles
As Low As; Model Year: New Auto 2025 & Newer
As Low As; Minimum Loan Amount $10,000
APR range 4.90%-17.95%; Effective Date: 10/26/2026
- Oct 28, 20264.90%▲ from 4.65%
- Oct 8, 20264.65%first recorded
As Low As; Model Year: 2021-2026; Maximum LTV: Up to 90%; Heroes Program Maximum LTV: Up to 115%; Minimum Loan Amount: $3,500 Minimum
- Nov 3, 20264.90%▲ from 4.60%
- Oct 19, 20264.60%first recorded
As Low As; Maximum Amount: 100% purchase price of vehicle
Amount: Up to $90,000
Ann Arbor Used Auto Auto Loan Rates
APR range: 5.24% - 14.09%; Effective Date: October 1, 2026
APR range: 5.24% - 14.09%; Effective Date: October 1, 2026
APR range: 5.24% - 14.09%; Effective Date: October 1, 2026
APR range: 5.24% - 15.09%; Effective Date: October 1, 2026
As Low As; Fixed APR; Risk based; Preferred rate with auto pay from DFCU account (0.25% discount); Rates effective as of 11/03/2026
- Oct 9, 20265.49%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Fixed APR; Risk based; Preferred rate with auto pay from DFCU account (0.25% discount); Rates effective as of 11/03/2026
- Oct 9, 20265.74%▲ from 5.24%
- Sep 14, 20265.24%first recorded
As Low As; Risk based APR; Preferred rates with auto pay discount of 0.25% not included; Rates effective as of 11/03/2026
- Oct 9, 20265.74%▲ from 5.24%
- Sep 14, 20265.24%first recorded
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; Risk based APR; Preferred rates with auto pay discount of 0.25% not included; Rates effective as of 11/03/2026
- Oct 9, 20265.99%▲ from 5.49%
- Sep 14, 20265.49%first recorded
Financing amount: $30,000; For online applicants with an excellent credit history
- Oct 26, 20266.09%▼ from 6.29%
- Oct 14, 20266.29%first recorded
APR based on 60 months and $30,000 financing; for online applicants with excellent credit; used car purchase
- Oct 31, 20266.09%▼ from 6.29%
- Oct 2, 20266.29%▲ from 6.19%
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
APR range: 6.24% - 16.34%; Effective Date: October 1, 2026
As Low As; Fixed APR; Risk based; Preferred rate with auto pay from DFCU account (0.25% discount); Rates effective as of 11/03/2026
- Oct 9, 20266.49%▲ from 5.99%
- Sep 14, 20265.99%first recorded
As Low As; Risk based APR; Preferred rates with auto pay discount of 0.25% not included; Rates effective as of 11/03/2026
- Oct 9, 20266.74%▲ from 6.24%
- Sep 14, 20266.24%first recorded
Military APR; Model Year: New or Used Vehicle, 2022 and Newer; Requires full direct deposit of $2,000 or more into checking; Military status verification required
All rates are based on 725 credit score
All rates are based on 725 credit score
As Low As; Model Year: New or Used Vehicle, 2022 and Newer
All rates are based on 725 credit score
AUTO LOAN SPECIAL; Model Year: 2022-2027
Military APR; Model Year: New or Used Vehicle, 2022 and Newer; Requires full direct deposit of $2,000 or more into checking; Military status verification required
APR range: 3.99%-11.50%; Minimum Loan Amount: $5k
All rates are based on 725 credit score
As Low As; Model Year: 2023 and newer; Approximate; APR may vary with credit qualifications, collateral age, payment protection, and Direct Deposit with AutoPay from a Genisys account; 90 days no payment offer for credit scores of 660+, interest accrues
As Low As; Rates as low as 4.14% APR, same rates for new, used, and refinance vehicles; a 0.25% APR reduction is available with automatic payment from a CASE checking account; CASE membership required
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.24%▼ from 4.49%
- Sep 14, 20264.49%first recorded
Term: Up to 72 Months > $15k; Military APR; Model Year: New or Used Vehicle, 2022 and Newer; Requires full direct deposit of $2,000 or more into checking; Military status verification required
Military APR; Model Year: Used Vehicle, 2020-2021; Requires full direct deposit of $2,000 or more into checking; Military status verification required
As Low As; APR**; As low as rate includes 0.25% discount for auto payment setup at loan closing; Add .25% for vehicles 5 years and older
Credit Score: 750+; Rate with 0% Down; Term Based on Loan Amount
All rates are based on 725 credit score
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.49%▼ from 4.74%
- Sep 14, 20264.74%first recorded
Term: Up to 84 Months > $25k; Military APR; Model Year: New or Used Vehicle, 2022 and Newer; Requires full direct deposit of $2,000 or more into checking; Military status verification required
Military APR; Model Year: Used Vehicle, 2017-2019; Requires full direct deposit of $2,000 or more into checking; Military status verification required
Term: Up to 72 Months > $15k; Military APR; Model Year: Used Vehicle, 2020-2021; Requires full direct deposit of $2,000 or more into checking; Military status verification required
APR range: 4.49%-12%; Minimum Loan Amount: $5k
APR range: 4.49%-17%; Minimum Loan Amount: $10k
As Low As; Minimum Loan Amount $4,000
Additional APR listed for this product: 4.74%, 4.99%, 5.74%. As Low As; APR**; As low as rate includes 0.25% discount for auto payment setup at loan closing; Add .25% for vehicles 5 years and older
AUTO LOAN SPECIAL; Model Year: 2019-2021
As Low As; Model Year: 2022 - 2018; Effective Date: Saturday, November 7th, 2026
- Nov 7, 20264.50%▼ from 7.00%
- Nov 3, 20267.00%first recorded
As Low As; Model Year: 2021 and newer; Effective Date: October 1, 2026
As Low As; Minimum Loan Amount $7,500
As Low As; Effective Date: Thursday, October 22nd, 2026
As Low As; Requires direct deposit with Parda Federal Credit Union; for qualified borrowers; rate and term may vary based on credit score, year of collateral and loan-to-value
- Oct 29, 20264.74%▼ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; Model Year: New or Used Vehicle, 2022 and Newer
Term: Up to 72 Months > $15k; Military APR; Model Year: Used Vehicle, 2017-2019; Requires full direct deposit of $2,000 or more into checking; Military status verification required
APR range: 4.74%-17.50%; Minimum Loan Amount: $10k
As Low As; Model Year: 2021 and newer; Effective Date: October 1, 2026
Term: Terms up to 60 months; As Low As; Model Year: 2024 and Newer
As Low As; Vehicle Model Years: All Years; Effective 11/01/2026; 0.50% rate discount for 80% LTV and 0.25% automatic payment discount from a United checking account; model years 2021-2017 add 0.25% premium, 2016 and older add 0.75% premium
- Nov 7, 20264.75%▲ from 2.99%
- Sep 17, 20262.99%first recorded
Model Year: 2023-2021; Max 100% A Credit Tier; APR is Annual Percentage Rate; Rates based on Risk Base Lending
- Sep 18, 20264.75%▲ from 4.25%
- Sep 14, 20264.25%first recorded
For cars years 2024 and older
For cars years 2024 and older
As Low As; Terms available up to 84 months
As Low As; Terms available up to 72 months
As Low As; Year of Vehicle: 2015 & Newer; 90 Days No Payment; Credit approval required
As Low As; Year of Vehicle: 2015 & Newer; 90 Days No Payment; Credit approval required
As Low As; Year of Vehicle: 2015 & Newer; 90 Days No Payment; Credit approval required
As Low As; Vehicle Model Years: All Years; Effective 11/01/2026; 0.50% rate discount for 80% LTV and 0.25% automatic payment discount from a United checking account; model years 2021-2017 add 0.25% premium, 2016 and older add 0.75% premium
- Oct 2, 20264.85%▲ from 3.80%
- Sep 17, 20263.80%first recorded
As Low As; Term: 60 M; Check out our low rates for New Vehicles
As Low As; Minimum Loan Amount $10,000
As Low As; Model Year: 2021-2026; Maximum LTV: Up to 90%; Heroes Program Maximum LTV: Up to 115%; Minimum Loan Amount: $3,500 Minimum
- Nov 3, 20264.90%▲ from 4.60%
- Oct 19, 20264.60%first recorded
As Low As; Maximum Amount: 100% purchase price of vehicle
Ann Arbor, MI Auto Loan Rate Trends
Compare local Ann Arbor, MI 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.
Michigan new auto rates rose 0.017 points over the past 7 days to 5.250% APR.
Michigan used auto rates rose 0.003 points over the past 7 days to 5.884% APR.
Ann Arbor, MI 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 Michigan 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 Michigan 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 @ 5.25% APR MI average | Used Auto @ 5.88% APR MI average | Monthly Difference |
|---|---|---|---|
| $15,000 | $284.79/mo | $289.18/mo | $4.39/mo |
| $25,000 | $474.65/mo | $481.97/mo | $7.32/mo |
| $35,000 | $664.51/mo | $674.76/mo | $10.25/mo |
| $45,000 | $854.37/mo | $867.55/mo | $13.18/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 Ann Arbor, Michigan
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Ann Arbor, Michigan 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 Michigan. 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 Ann Arbor, Michigan 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: Ann Arbor, Michigan CD rates lock in a guaranteed return until you’re ready to buy
Ann Arbor, Michigan Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $570 monthly car payment works out to roughly 21.2% of the median individual income in Ann Arbor, Michigan. 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 Ann Arbor, Michigan, 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 Ann Arbor, Michigan. We’ve prefilled the APR with today’s MI 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 Ann Arbor, Michigan 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 Ann Arbor, Michigan 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 Ann Arbor, Michigan. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in MI.
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 Ann Arbor, Michigan
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 Ann Arbor, Michigan
What are auto loan rates in Ann Arbor, Michigan today?
How does my credit score affect my car loan rate in Ann Arbor, Michigan?
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 Ann Arbor, Michigan?
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 Ann Arbor, Michigan?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Ann Arbor, Michigan?
- Michigan Educational Credit Union: 4.49% (Automobiles (100% Financed))
- University of Michigan Credit Union: 5.24% (Auto Loan)
- Dfcu Financial Credit Union: 5.34% (New Vehicle With Auto Pay From DFCU Account)
- Bank of America: 5.64% (New Car (dealer) Auto Loan)
- Lake Trust Credit Union: 5.64% (Auto Loan)
Ann Arbor, Michigan Rates & Resources
