Grand Rapids, Michigan Best Auto Loan Rates for November 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Grand Rapids, Michigan auto loan rates range from 2.99% to 18.75% APR, verified by MonitorBankRates as of November 9, 2026. Current auto loan rates in Grand Rapids, Michigan include Aeroquip Credit UnionAeroquip Credit Union6000 28th St SE, Grand Rapids, MI, 49546A+5.0 ★Texas Ratio: 2.15%Rate verified Nov 8, 2026 offering New/Used Auto - 0-36 Months at 3.99%, 1166 Federal Credit Union1166 Federal Credit Union2900 Charlevoix Dr, Grand Rapids, MI, 49546A+5.0 ★Texas Ratio: 1.54%Rate verified Nov 7, 2026 offering Auto Loans: New and Used at 4.24%, AT&T Employees Federal Credit UnionAT&T Employees Federal Credit Union6000 28TH ST SE, GRAND RAPIDS, MI, 49546A+5.0 ★Texas Ratio: 0.41%Rate verified Nov 7, 2026 offering New Autos & Motorcycles at 4.75%, Pittsburgh Federal Credit UnionPittsburgh Federal Credit Union6000 28th St SE, GRAND RAPIDS, MI, 49546A+5.0 ★Texas Ratio: 0.11%Rate verified Nov 7, 2026 offering New Vehicle Loan 2024-2026 (untitled or <10,000 miles) at 4.75%, United Federal Credit UnionUnited Federal Credit Union1600 E Beltline Ave NE Ste 111, Grand Rapids, MI, 49525 7024A+5.0 ★Texas Ratio: 4.11%Rate verified Nov 7, 2026 offering Fixed Rate New & Used Auto Loan at 4.75%. Auto loan rates as of November 9, 2026 according to verified data from MonitorBankRates.
Grand Rapids has 20 local institutions in our database, with auto loan rates as low as 3.99% APR from Aeroquip Credit Union at 6000 28th St SE, Grand Rapids, MI, 49546. 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 Grand Rapids, Michigan. Auto Loan Rates Last Updated and Verified: November 9, 2026
Compare Auto Loan Rates Today in Grand Rapids, Michigan & Surrounding Area
Grand Rapids Auto Loan Rates
APR range: 3.99%-11.50%; Minimum Loan Amount: $5k
APR range: 4.49%-12%; Minimum Loan Amount: $5k
APR range: 4.49%-17%; Minimum Loan Amount: $10k
APR range: 4.74%-17.50%; Minimum Loan Amount: $10k
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; 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
APR Type: Fixed; Effective Date: 10/23/2026
APR Type: Fixed; Effective Date: 10/23/2026
APR Type: Fixed; Effective Date: 10/23/2026
APR Type: Fixed; Effective Date: 10/23/2026
APR Type: Fixed; Effective Date: 10/23/2026
Model Year: 2021 and older; APR range: 4.99%-17.50%
APR range: 4.99%-18%; Minimum Loan Amount: $15k
As Low As; APR as low as*; Rates may be higher than advertised
- Oct 29, 20264.99%▲ from 4.74%
- Sep 18, 20264.74%first recorded
As Low As; APR as low as*; Rates may be higher than advertised
- Oct 29, 20264.99%▲ from 4.74%
- Sep 18, 20264.74%first recorded
As Low As; Model Year: 2023 & newer
2024 & Newer
- Oct 9, 20264.99%▼ from 5.49%
- Sep 14, 20265.49%first recorded
As Low As; up to 42 months; 0.25% APR discount with 20,000 VIP Lifetime Reward Points (otherwise +0.25%); Hybrid/Electric may receive additional 0.25% reduction
As Low As; up to 42 months; 0.25% APR discount with 20,000 VIP Lifetime Reward Points (otherwise +0.25%); Hybrid/Electric may receive additional 0.25% reduction
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, 20265.00%▲ from 4.05%
- Sep 17, 20264.05%first recorded
As Low As; up to 42 months; 0.25% APR discount with 20,000 VIP Lifetime Reward Points (otherwise +0.25%); Hybrid/Electric may receive additional 0.25% reduction
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
As Low As; Vehicle Model Years: 2020 or Newer; Effective 11/01/2026; 0.50% rate discount for 80% LTV and 0.25% automatic payment discount from a United checking account
- Oct 4, 20265.25%▼ from 5.50%
- Oct 2, 20265.50%▲ from 4.55%
- Sep 17, 20264.55%first recorded
New and used cars/trucks only; Special requirements apply: credit score of 700 plus; no late payments with Credit Union, or 30 days past due within 365 days; no bankruptcy in the last 3 years; 72 months for 2022-2025 vehicles; term based on year of vehicle
2024 & Newer
- Oct 9, 20265.25%▼ from 5.75%
- Sep 14, 20265.75%first recorded
As Low As
- Oct 9, 20265.25%▼ from 5.75%
- Sep 14, 20265.75%first recorded
As Low As; Fixed APR; Risk based on creditworthiness and term; Auto pay from DFCU Financial checking or savings account
- Oct 9, 20265.34%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; New: 2026 vehicles; Effective Date: 10/1/2026
As Low As; New: 2026 vehicles; Effective Date: 10/1/2026
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; APR as low as*; Rates may be higher than advertised
- Oct 29, 20265.49%▲ from 4.74%
- Sep 18, 20264.74%first recorded
As Low As; Rates as low as 5.49% APR on 2024 and newer automobiles with a term up to 36 months; Rate based on term and credit worthiness; Must qualify for membership
Model years 2019 - 2025 over 10K miles
Model Years 2025 - 2027 Only; Vehicle: 2025 & Newer; Fixed Interest Rate; Rates expressed as APR
Model Years 2025 - 2027 Only; Vehicle: 2025 & Newer; Fixed Interest Rate; Rates expressed as APR
Model Years 2025 - 2027 Only; Vehicle: 2025 & Newer; Fixed Interest Rate; Rates expressed as APR
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%
Model Year: 2019 & Newer; Effective Date: September 28, 2026; Auto loan rates are based on credit score and underwriting requirements; For vehicles 2018 and older, contact us for rates
Model Year: 2021 and older; Minimum Loan Amount: $20,000; APR range: 5.74%-19%
APR range: 5.74%-19%; Minimum Loan Amount: $20k
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; APR as low as*; Rates may be higher than advertised; Minimum loan amount $25,001 required
- Oct 29, 20265.74%▲ from 4.74%
- Sep 18, 20264.74%first recorded
As Low As; Model Year: 2025 and Newer
As Low As; Model Year: 2024 - 2023
As Low As; Model Year: 2022 - 2017
Credit Level: Crystal; Credit Score: 669 - 620; Financing: 100%
Credit Level: Silver; Credit Score: 729 - 670; Financing: 100%
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
As Low As
- Oct 9, 20265.75%▼ from 6.25%
- Sep 14, 20266.25%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; Fixed APR; Without auto pay
- Oct 9, 20265.84%▲ from 5.49%
- Sep 14, 20265.49%first recorded
As Low As; New: 2026 vehicles; Effective Date: 10/1/2026
As Low As; Used: 2019-2025 vehicles; Effective Date: 10/1/2026
As Low As; Used: 2019-2025 vehicles; Effective Date: 10/1/2026
New Only; Minimum Loan Amount: $50,000
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; Rate based on term and credit worthiness; Must qualify for membership
Model years 2019 - 2025 over 10K miles
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
Credit Level: Silver; Credit Score: 729 - 670; Financing: 100%
As Low As; Vehicle Model Years: 2022 or Newer; Effective 11/01/2026; 0.50% rate discount for 80% LTV and 0.25% automatic payment discount from a United checking account
- Oct 2, 20266.00%▲ from 5.05%
- Sep 17, 20265.05%first recorded
APR Type: Fixed; Effective Date: 10/23/2026
APR Type: Fixed; Effective Date: 10/23/2026
Model Year: 2019 & Newer; Effective Date: September 28, 2026; Auto loan rates are based on credit score and underwriting requirements; For vehicles 2018 and older, contact us for rates
Model Years 2025 - 2027 Only; Vehicle: 2025 & Newer; Fixed Interest Rate; Rates expressed as APR
2024 & Newer
- Oct 9, 20266.00%▼ from 6.50%
- Sep 14, 20266.50%first recorded
Financing amount: $45,000; For online applicants with an excellent credit history
- Oct 31, 20266.09%▲ from 6.04%
- Oct 26, 20266.04%▼ from 6.24%
- Oct 14, 20266.24%first recorded
Financing amount: $30,000; For online applicants with an excellent credit history
- Oct 26, 20266.09%▼ from 6.29%
- Oct 14, 20266.29%first recorded
APR based on 60 months and $45,000 financing; for online applicants with excellent credit; new car purchase
- Oct 31, 20266.09%▼ from 6.24%
- Oct 2, 20266.24%▲ from 6.14%
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
APR based on 60 months and $30,000 financing; for online applicants with excellent credit; used car purchase
- Oct 31, 20266.09%▼ from 6.29%
- Oct 2, 20266.29%▲ from 6.19%
- Sep 27, 20266.19%▲ from 6.09%
- Sep 18, 20266.09%▲ from 5.99%
As Low As; Rate based on term and credit worthiness; Must qualify for membership
As Low As; Model Year: 2024 and newer; Rate based on term and credit worthiness; Must qualify for membership; Apply Online
As Low As; Rate based on term and credit worthiness; Must qualify for membership
- Oct 26, 20266.19%▲ from 6.19%
- Oct 19, 20266.19%first recorded
84 months is for NEW purchased, refinanced or lease buyout
Model Years 2025 - 2027 Only; Vehicle: 2025 & Newer; Fixed Interest Rate; Rates expressed as APR
As Low As; up to 42 months; 0.25% APR discount with 20,000 VIP Lifetime Reward Points (otherwise +0.25%); Hybrid/Electric may receive additional 0.25% reduction
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
APR Type: Fixed; Effective Date: 10/23/2026
APR Type: Fixed; Effective Date: 10/23/2026
As Low As
- Oct 9, 20266.25%▼ from 6.75%
- Sep 14, 20266.75%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; New: 2026 vehicles; Effective Date: 10/1/2026
As Low As; Used: 2019-2025 vehicles; Effective Date: 10/1/2026
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; Available rates and term depend on purchase amount, year of vehicle, and other factors.
As Low As; 84 Month term is only available for 2024 and Newer Automobiles; Rate based on term and credit worthiness; Must qualify for membership
All other collateral; same special requirements apply: credit score of 700 plus; no late payments with Credit Union, or 30 days past due within 365 days; no bankruptcy in the last 3 years; term based on year of vehicle
Model Year: 2019 & Newer; Effective Date: September 28, 2026; Auto loan rates are based on credit score and underwriting requirements; For vehicles 2018 and older, contact us for rates
As Low As; Risk based APR; Fixed APR; Without auto pay
- Oct 9, 20266.59%▲ from 6.24%
- Sep 14, 20266.24%first recorded
Model Year: 2019 & Newer; Effective Date: September 28, 2026; Auto loan rates are based on credit score and underwriting requirements; For vehicles 2018 and older, contact us for rates
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
Model years 2019 - 2025 over 10K miles
Credit Level: Crystal; Credit Score: 669 - 620; Financing: 100%
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
2024 & Newer
- Oct 9, 20266.75%▼ from 7.25%
- Sep 14, 20267.25%first recorded
As Low As; Used: 2019-2025 vehicles; Effective Date: 10/1/2026
Model Years 2025 - 2027 Only; Vehicle: 2025 & Newer; Fixed Interest Rate; Rates expressed as APR
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
- Nov 3, 20266.99%▲ from 6.74%
- Sep 14, 20266.74%first recorded
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
As Low As; APR as low as 6.99% (up to 42 months); standard APR is 0.25% higher without 20,000 VIP Lifetime Reward Points; loan discount only on new loans to KCCU
As Low As; APR as low as 6.99% (up to 42 months); standard APR is 0.25% higher without 20,000 VIP Lifetime Reward Points; loan discount only on new loans to KCCU
Credit Level: Silver; Credit Score: 729 - 670; Financing: 100%
Credit Level: Silver; Credit Score: 729 - 670; Financing: 100%
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
Rate is with autopay discount; Loan to Value: N/A; Effective Date: October 19, 2026
- Oct 20, 20267.12%▲ from 6.62%
- Sep 24, 20266.62%▲ from 6.12%
- Sep 15, 20266.12%first recorded
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
Model years 2019 - 2025 over 10K miles
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
- Nov 3, 20267.25%▲ from 6.99%
- Sep 14, 20266.99%first recorded
Model years 2018 or older
As Low As; Model Year: 2021 - 2023; Rate based on term and credit worthiness; Must qualify for membership
As Low As; Model Year: 2021 - 2023; Rate based on term and credit worthiness. Must qualify for membership.
As Low As; Model Year: 2019 - 2020; Rate based on term and credit worthiness; Must qualify for membership
As Low As; Model Year: 2019 - 2020; Rate based on term and credit worthiness. Must qualify for membership.
As Low As; Model Year: 2016 and Older
Credit Level: Crystal; Credit Score: 669 - 620; Financing: 100%
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
- Nov 3, 20267.75%▲ from 7.49%
- Sep 14, 20267.49%first recorded
As Low As; Model Year: 2017 - 2018; Rate based on term and credit worthiness. Must qualify for membership.
Published rate range: 7.875%-8.125%. Model Years: Any model year; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
- Nov 3, 20267.99%▲ from 7.49%
- Sep 14, 20267.49%first recorded
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
- Nov 3, 20267.99%▲ from 7.74%
- Sep 14, 20267.74%first recorded
Model years 2018 or older
- Oct 8, 20268.00%▲ from 6.75%
- Sep 16, 20266.75%first recorded
Credit Level: Crystal; Credit Score: 669 - 620; Financing: 100%
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
Published rate range: 8.00%-8.25%. Model Years: Any model year; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Published rate range: 8.125%-8.375%. Model Years: 2018 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Credit Level: Crystal; Credit Score: 669 - 620; Financing: 100%
Credit Level: Silver; Credit Score: 729 - 670; Financing: 100%
Published rate range: 8.25%-8.50%. Model Years: 2019 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Published rate range: 8.375%-8.625%. Model Years: 2020 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
As Low As; Model Year: 2016 & Older; Rate based on term and credit worthiness. Must qualify for membership.
Published rate range: 8.50%-8.75%. Model Years: 2021 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
- Nov 3, 20268.50%▲ from 7.99%
- Sep 14, 20267.99%first recorded
Published rate range: 8.625%-8.875%. Model Years: 2022 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
Published rate range: 8.75%-9.00%. Model Years: 2023, 2024, 2025, or 2026; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
As Low As; Includes autos, vans, and trucks; finances up to 95% of NADA retail value; risk based pricing applies
- Nov 3, 20268.99%▲ from 8.49%
- Sep 14, 20268.49%first recorded
Credit Level: Crystal; Credit Score: 669 - 620; Financing: 100%
As Low As; Rate includes Loan Rebate, restrictions apply
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 10%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 100%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 100%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 100%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 10%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 10%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 10%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 10%
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
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
Grand Rapids New Auto Auto Loan Rates
APR range: 3.99%-11.50%; Minimum Loan Amount: $5k
APR range: 4.49%-12%; Minimum Loan Amount: $5k
APR range: 4.49%-17%; Minimum Loan Amount: $10k
APR range: 4.74%-17.50%; Minimum Loan Amount: $10k
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; 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
APR Type: Fixed; Effective Date: 10/23/2026
APR Type: Fixed; Effective Date: 10/23/2026
APR Type: Fixed; Effective Date: 10/23/2026
APR Type: Fixed; Effective Date: 10/23/2026
APR Type: Fixed; Effective Date: 10/23/2026
Model Year: 2021 and older; APR range: 4.99%-17.50%
APR range: 4.99%-18%; Minimum Loan Amount: $15k
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, 20265.00%▲ from 4.05%
- Sep 17, 20264.05%first recorded
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
As Low As; Vehicle Model Years: 2020 or Newer; Effective 11/01/2026; 0.50% rate discount for 80% LTV and 0.25% automatic payment discount from a United checking account
- Oct 4, 20265.25%▼ from 5.50%
- Oct 2, 20265.50%▲ from 4.55%
- Sep 17, 20264.55%first recorded
As Low As; Fixed APR; Risk based on creditworthiness and term; Auto pay from DFCU Financial checking or savings account
- Oct 9, 20265.34%▲ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; New: 2026 vehicles; Effective Date: 10/1/2026
As Low As; New: 2026 vehicles; Effective Date: 10/1/2026
As Low As; Rates as low as 5.49% APR on 2024 and newer automobiles with a term up to 36 months; Rate based on term and credit worthiness; Must qualify for membership
Model Years 2025 - 2027 Only; Vehicle: 2025 & Newer; Fixed Interest Rate; Rates expressed as APR
Model Years 2025 - 2027 Only; Vehicle: 2025 & Newer; Fixed Interest Rate; Rates expressed as APR
Model Years 2025 - 2027 Only; Vehicle: 2025 & Newer; Fixed Interest Rate; Rates expressed as APR
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%
Model Year: 2021 and older; Minimum Loan Amount: $20,000; APR range: 5.74%-19%
APR range: 5.74%-19%; Minimum Loan Amount: $20k
Credit Level: Crystal; Credit Score: 669 - 620; Financing: 100%
Credit Level: Silver; Credit Score: 729 - 670; Financing: 100%
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; New: 2026 vehicles; Effective Date: 10/1/2026
New Only; Minimum Loan Amount: $50,000
As Low As; Rate based on term and credit worthiness; Must qualify for membership
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
As Low As; Vehicle Model Years: 2022 or Newer; Effective 11/01/2026; 0.50% rate discount for 80% LTV and 0.25% automatic payment discount from a United checking account
- Oct 2, 20266.00%▲ from 5.05%
- Sep 17, 20265.05%first recorded
Model Years 2025 - 2027 Only; Vehicle: 2025 & Newer; Fixed Interest Rate; Rates expressed as APR
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; Rate based on term and credit worthiness; Must qualify for membership
As Low As; Model Year: 2024 and newer; Rate based on term and credit worthiness; Must qualify for membership; Apply Online
As Low As; Rate based on term and credit worthiness; Must qualify for membership
- Oct 26, 20266.19%▲ from 6.19%
- Oct 19, 20266.19%first recorded
84 months is for NEW purchased, refinanced or lease buyout
Model Years 2025 - 2027 Only; Vehicle: 2025 & Newer; Fixed Interest Rate; Rates expressed as APR
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; New: 2026 vehicles; Effective Date: 10/1/2026
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
As Low As; 84 Month term is only available for 2024 and Newer Automobiles; Rate based on term and credit worthiness; Must qualify for membership
As Low As; Risk based APR; Fixed APR; Without auto pay
- Oct 9, 20266.59%▲ from 6.24%
- Sep 14, 20266.24%first recorded
Credit Level: Crystal; Credit Score: 669 - 620; Financing: 100%
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
Model Years 2025 - 2027 Only; Vehicle: 2025 & Newer; Fixed Interest Rate; Rates expressed as APR
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
- Nov 3, 20266.99%▲ from 6.74%
- Sep 14, 20266.74%first recorded
Credit Level: Silver; Credit Score: 729 - 670; Financing: 100%
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
- Nov 3, 20267.25%▲ from 6.99%
- Sep 14, 20266.99%first recorded
Credit Level: Crystal; Credit Score: 669 - 620; Financing: 100%
Published rate range: 7.875%-8.125%. Model Years: Any model year; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
- Nov 3, 20267.99%▲ from 7.49%
- Sep 14, 20267.49%first recorded
Credit Level: Crystal; Credit Score: 669 - 620; Financing: 100%
Published rate range: 8.00%-8.25%. Model Years: Any model year; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Published rate range: 8.125%-8.375%. Model Years: 2018 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Credit Level: Crystal; Credit Score: 669 - 620; Financing: 100%
Published rate range: 8.25%-8.50%. Model Years: 2019 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Published rate range: 8.375%-8.625%. Model Years: 2020 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Published rate range: 8.50%-8.75%. Model Years: 2021 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Published rate range: 8.625%-8.875%. Model Years: 2022 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Published rate range: 8.75%-9.00%. Model Years: 2023, 2024, 2025, or 2026; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 10%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 10%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 10%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 10%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 10%
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
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
Grand Rapids Used Auto Auto Loan Rates
APR range: 3.99%-11.50%; Minimum Loan Amount: $5k
APR range: 4.49%-12%; Minimum Loan Amount: $5k
APR range: 4.49%-17%; Minimum Loan Amount: $10k
APR range: 4.74%-17.50%; Minimum Loan Amount: $10k
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; 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
Model Year: 2021 and older; APR range: 4.99%-17.50%
APR range: 4.99%-18%; Minimum Loan Amount: $15k
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, 20265.00%▲ from 4.05%
- Sep 17, 20264.05%first recorded
As Low As; Vehicle Model Years: 2020 or Newer; Effective 11/01/2026; 0.50% rate discount for 80% LTV and 0.25% automatic payment discount from a United checking account
- Oct 4, 20265.25%▼ from 5.50%
- Oct 2, 20265.50%▲ from 4.55%
- Sep 17, 20264.55%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, 20265.49%▲ from 4.99%
- Sep 14, 20264.99%first recorded
Model years 2019 - 2025 over 10K miles
Model Year: 2021 and older; Minimum Loan Amount: $20,000; APR range: 5.74%-19%
APR range: 5.74%-19%; Minimum Loan Amount: $20k
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
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
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: 2019-2025 vehicles; Effective Date: 10/1/2026
As Low As; Used: 2019-2025 vehicles; Effective Date: 10/1/2026
New Only; Minimum Loan Amount: $50,000
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
Model years 2019 - 2025 over 10K miles
Credit Level: Silver; Credit Score: 729 - 670; Financing: 100%
As Low As; Vehicle Model Years: 2022 or Newer; Effective 11/01/2026; 0.50% rate discount for 80% LTV and 0.25% automatic payment discount from a United checking account
- Oct 2, 20266.00%▲ from 5.05%
- Sep 17, 20265.05%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%
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
As Low As; Used: 2019-2025 vehicles; Effective Date: 10/1/2026
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
Model years 2019 - 2025 over 10K miles
As Low As; Used: 2019-2025 vehicles; Effective Date: 10/1/2026
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
Credit Level: Silver; Credit Score: 729 - 670; Financing: 100%
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
As Low As; New, Used, Refinance and Cash Out Refinance Business Auto Loans; Business loans only available to Michigan businesses; collateral must be located in Michigan
Model years 2019 - 2025 over 10K miles
Model years 2018 or older
As Low As; Model Year: 2021 - 2023; Rate based on term and credit worthiness; Must qualify for membership
As Low As; Model Year: 2021 - 2023; Rate based on term and credit worthiness. Must qualify for membership.
As Low As; Model Year: 2019 - 2020; Rate based on term and credit worthiness; Must qualify for membership
As Low As; Model Year: 2019 - 2020; Rate based on term and credit worthiness. Must qualify for membership.
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
- Nov 3, 20267.75%▲ from 7.49%
- Sep 14, 20267.49%first recorded
As Low As; Model Year: 2017 - 2018; Rate based on term and credit worthiness. Must qualify for membership.
Published rate range: 7.875%-8.125%. Model Years: Any model year; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
- Nov 3, 20267.99%▲ from 7.74%
- Sep 14, 20267.74%first recorded
Model years 2018 or older
- Oct 8, 20268.00%▲ from 6.75%
- Sep 16, 20266.75%first recorded
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
Published rate range: 8.00%-8.25%. Model Years: Any model year; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Published rate range: 8.125%-8.375%. Model Years: 2018 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Credit Level: Silver; Credit Score: 729 - 670; Financing: 100%
Published rate range: 8.25%-8.50%. Model Years: 2019 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Published rate range: 8.375%-8.625%. Model Years: 2020 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
As Low As; Model Year: 2016 & Older; Rate based on term and credit worthiness. Must qualify for membership.
Published rate range: 8.50%-8.75%. Model Years: 2021 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
As Low As; Available rates and term depend on purchase amount, year of vehicle, and other factors.
- Nov 3, 20268.50%▲ from 7.99%
- Sep 14, 20267.99%first recorded
Published rate range: 8.625%-8.875%. Model Years: 2022 or newer; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Credit Level: Gold; Credit Score: 730 and Up; Financing: 100%
Published rate range: 8.75%-9.00%. Model Years: 2023, 2024, 2025, or 2026; Equity band: 20% - Equity - 0%; Rate shown as a range; All other collateral 1% higher
Credit Level: Crystal; Credit Score: 669 - 620; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Bronze; Credit Score: 619 - 570; Financing: 100%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 100%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 100%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 100%
Credit Level: Quartz; Credit Score: 569 and Under; Financing: 100%
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
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
Grand Rapids, MI Auto Loan Rate Trends
Compare local Grand Rapids, 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.
Grand Rapids, 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 Grand Rapids, Michigan
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Grand Rapids, 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 Grand Rapids, 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: Grand Rapids, Michigan CD rates lock in a guaranteed return until you’re ready to buy
Grand Rapids, 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 17.5% of the median individual income in Grand Rapids, 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 Grand Rapids, 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 Grand Rapids, 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 Grand Rapids, 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 Grand Rapids, 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 Grand Rapids, 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 Grand Rapids, 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 Grand Rapids, Michigan
What are auto loan rates in Grand Rapids, Michigan today?
How does my credit score affect my car loan rate in Grand Rapids, 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 Grand Rapids, 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 Grand Rapids, Michigan?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Grand Rapids, Michigan?
- Aeroquip Credit Union: 3.99% (New/Used Auto - 0-36 Months)
- 1166 Federal Credit Union: 4.24% (Auto Loans: New and Used)
- AT&T Employees Federal Credit Union: 4.75% (New Autos & Motorcycles)
- Pittsburgh Federal Credit Union: 4.75% (New Vehicle Loan 2024-2026 (untitled or <10,000 miles))
- United Federal Credit Union: 4.75% (Fixed Rate New & Used Auto Loan)
Grand Rapids, Michigan Rates & Resources
