Albany, New York Best Auto Loan Rates for November 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Albany, New York auto loan rates range from 1.99% to 16.25% APR, verified by MonitorBankRates as of November 9, 2026. Current auto loan rates in Albany, New York include Advantage Financial Credit UnionAdvantage Financial Credit Union113 HOLLAND AVE, ALBANY, NY, 12208A5.0 ★Texas Ratio: 7.87%Rate verified Nov 9, 2026 offering Auto Loan - Same Rate on New or Used Vehicles at 3.89%, First New York Federal Credit UnionFirst New York Federal Credit Union818 Central Ave, Albany, NY, 12206 1543A+5.0 ★Texas Ratio: 3.76%Rate verified Nov 7, 2026 offering New Auto Loan - 2021-2027 Model Years at 3.99%, Broadview Federal Credit UnionBroadview Federal Credit Union40 Wolf Rd, Albany, NY, 12205A5.0 ★Texas Ratio: 6.36%Rate verified Nov 9, 2026 offering Vehicle Loan at 3.99%, Ballston Spa National BankBallston Spa National Bank1973 Western Ave, Albany, NY, 12203A+5.0 ★Texas Ratio: 1.90%Rate verified Nov 6, 2026 offering Auto Loan - Model Year 2026/2025/2024 at 4.99%, Directors Choice Credit UnionDirectors Choice Credit Union1 South Family Drive, Albany, NY, 12205A5.0 ★Texas Ratio: 9.42%Rate verified Nov 9, 2026 offering New Auto Loan at 5.25%. Auto loan rates as of November 9, 2026 according to verified data from MonitorBankRates.
Albany has 10 local institutions in our database, with auto loan rates as low as 3.89% APR from Advantage Financial Credit Union at 113 HOLLAND AVE, ALBANY, NY, 12208. 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 Albany, New York. Auto Loan Rates Last Updated and Verified: November 9, 2026
Compare Auto Loan Rates Today in Albany, New York & Surrounding Area
Albany Auto Loan Rates
As Low As; w/ Auto Pay Discount; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; Model Years 2021-2027; Financing up to 125% of NADA value or purchase price
As Low As; 2 years as low as 3.99% APR; Broadview membership required
- Oct 30, 20263.99%▼ from 4.99%
- Oct 10, 20264.99%▼ from 5.49%
- Sep 14, 20265.49%first recorded
As Low As; APR; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; w/ Auto Pay Discount: as low as 3.89%
As Low As; w/ Auto Pay Discount; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; Model Years 2021-2027; Financing up to 125% of NADA value or purchase price
As Low As; Model Years 2021-2027; Financing up to 125% of NADA value or purchase price
As Low As; Model Years 2021-2027; Financing up to 125% of NADA value or purchase price
Model Years: 2023 and Newer; Lowest available rates based on overall creditworthiness; Broadview membership is required
- Oct 10, 20264.24%▼ from 4.49%
- Sep 14, 20264.49%first recorded
Model Years: 2023 and Newer; Lowest available rates based on overall creditworthiness; Broadview membership is required
- Oct 10, 20264.24%▼ from 4.74%
- Sep 14, 20264.74%first recorded
Model Years: 2023 and Newer; Lowest available rates based on overall creditworthiness; Broadview membership is required
- Oct 10, 20264.24%▼ from 4.99%
- Sep 14, 20264.99%first recorded
As Low As; APR; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; w/ Auto Pay Discount: as low as 4.14%
As Low As; w/ Auto Pay Discount; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; Model Years 2021-2027; Financing up to 125% of NADA value or purchase price; Minimum loan amount $20,000 for terms 72 months or greater
APR for Model Years 2023 and Newer
As Low As; APR; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; w/ Auto Pay Discount: as low as 4.39%
As Low As; w/ Auto Pay Discount; Only available for loan amounts in excess of $20,000; Eligible vehicles are model year 2020 or newer with less than 80K miles; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; APR; Only available for loan amounts in excess of $20,000; Eligible vehicles are model year 2020 or newer with less than 80K miles; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; w/ Auto Pay Discount: as low as 4.64%; Only available for loan amounts in excess of $20,000; Eligible vehicles are model year 2020 or newer with less than 80K miles
As Low As; w/ Auto Pay Discount; Only available for loan amounts in excess of $30,000; Eligible vehicles are model year 2021 or newer with less than 60K miles; Rates are based on applicant's credit worthiness; Your actual rate may vary
Model Year - 2026/2025/2024
Model Year - 2026/2025/2024
Model Year - 2026/2025/2024
Model Years: 2019-2022; Lowest available rates based on overall creditworthiness; Broadview membership is required
- Oct 10, 20264.99%▼ from 5.49%
- Sep 14, 20265.49%first recorded
Model Years: 2019-2022; Lowest available rates based on overall creditworthiness; Broadview membership is required
- Oct 10, 20264.99%▲ from 4.49%
- Sep 14, 20264.49%first recorded
APR for Model Years 2023 and Newer
As Low As; APR; Only available for loan amounts in excess of $30,000; Eligible vehicles are model year 2021 or newer with less than 60K miles; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; w/ Auto Pay Discount: as low as 4.89%; Only available for loan amounts in excess of $30,000; Eligible vehicles are model year 2021 or newer with less than 60K miles
Model Years: 2019-2022; Lowest available rates based on overall creditworthiness; Broadview membership is required
- Oct 10, 20265.24%▲ from 4.74%
- Sep 14, 20264.74%first recorded
Autos, Light Trucks & Passenger Vans; Model Years 2025-2022 (mileage 15,000 or less); Fixed Rate APR
Autos, Light Trucks & Passenger Vans; Model Years 2025-2022 (mileage 15,000 or less); Fixed Rate APR
As Low As; Model Years 2021-2027; Financing up to 125% of NADA value or purchase price; Minimum loan amount $20,000 for terms 72 months or greater
As Low As; Previously owned or titled; Financing up to 100% of NADA value or purchase price, PLUS tax, title, registration and warranty; 0.25% APR discount for automatic payments reflected in rate
As Low As; Previously owned or titled; Financing up to 100% of NADA value or purchase price, PLUS tax, title, registration and warranty; 0.25% APR discount for automatic payments reflected in rate
Model Years: 2019-2022; Lowest available rates based on overall creditworthiness; Broadview membership is required
- Oct 10, 20265.49%▲ from 4.99%
- Sep 14, 20264.99%first recorded
Autos, Light Trucks & Passenger Vans; Model Years 2025-2022 (mileage 15,000 or less); Fixed Rate APR
Model Year - 2026/2025/2024
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 - 2026/2025/2024
As Low As; Previously owned or titled; Financing up to 100% of NADA value or purchase price, PLUS tax, title, registration and warranty; 0.25% APR discount for automatic payments reflected in rate
Model Year: 2023/2022/2021
Model Year: 2023/2022/2021
Model Year: 2023/2022/2021
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%
Term: Up to a 60-month term; As Low As; Model Years 2024 and newer
Model Year: 2026-2027; Preferred rate, requires checking account with auto-debit of payments; Subject to Credit Approval
As Low As; Previously owned or titled; Financing up to 100% of NADA value or purchase price, PLUS tax, title, registration and warranty; 0.25% APR discount for automatic payments reflected in rate
APR for Model Years 2021-2022
Term: Up to a 72-month term; As Low As; Model Years 2024 and newer
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%
Model Year: 2023/2022/2021
Term: Up to a 60-month term; As Low As; Model Years 2021 and older; as low as 6.24% for up to 5 years
Term: Up to a 60-month term; As Low As; Model Years 2022 - 2023
Autos, Light Trucks & Passenger Vans; Model Years Up to 7 Years Old; Fixed Rate APR
Autos, Light Trucks & Passenger Vans; Model Years Up to 7 Years Old; Fixed Rate APR
Model Year: 2023/2022/2021
Term: Up to a 72-month term; As Low As; Model Years 2022 - 2023
Model Year: 2020/2019/2018
- Oct 21, 20266.40%▲ from 4.99%
- Oct 3, 20264.99%▼ from 5.20%
- Sep 15, 20265.20%first recorded
Model Year: 2026-2027; Standard rate; Subject to Credit Approval
Model Year: 2018-2026; Maximum term 60 months; Preferred rate, requires checking account with auto-debit of payments; Subject to Credit Approval
Model Year: 2020/2019/2018
- Oct 21, 20266.50%▲ from 4.99%
- Oct 3, 20264.99%▼ from 5.40%
- Sep 15, 20265.40%first recorded
Model Years 2025-2022 (mileage 15,000 or less); Fixed Rate APR
Model Years 2025-2022 (mileage 15,000 or less); Fixed Rate APR
Model Years 2025-2022 (mileage 15,000 or less); Fixed Rate APR
Autos, Light Trucks & Passenger Vans; Model Years Up to 7 Years Old; Fixed Rate APR
Model Year: 2020/2019/2018
- Oct 21, 20266.60%▲ from 4.99%
- Oct 3, 20264.99%▼ from 5.50%
- Sep 15, 20265.50%first recorded
Model Year: 2020/2019/2018
- Oct 21, 20266.70%▲ from 5.60%
- Sep 15, 20265.60%first recorded
Term: Up to a 84-month term; As Low As; Model Years 2024 and newer
Model Years 2025-2022 (mileage 15,000 or less); Fixed Rate APR
Term: Up to a 84-month term; As Low As; Model Years 2022 - 2023
As Low As; Model Years 2021-2027; Financing up to 125% of NADA value or purchase price; Minimum loan amount $20,000 for terms 72 months or greater; 96 month term only available on new model years 2026-2027
As Low As; Model Years: 2006-2016; Previously owned or titled; Financing up to 100% of NADA value or purchase price, whichever is less, plus tax, title, registration and warranty; 0.25% APR automatic payment discount reflected in rate; 0.5% APR discount for hybrid or electric cars
As Low As; Model Years: 2006-2016; Previously owned or titled; Financing up to 100% of NADA value or purchase price, whichever is less, plus tax, title, registration and warranty; 0.25% APR automatic payment discount reflected in rate; 0.5% APR discount for hybrid or electric cars
Model Year: 2018-2026; Maximum term 60 months; Standard rate; Subject to Credit Approval
Model Years Up to 7 Years Old; Fixed Rate APR
- Sep 18, 20267.00%▼ from 7.50%
- Sep 14, 20267.50%first recorded
Model Years Up to 7 Years Old; Fixed Rate APR
Model Years Up to 7 Years Old; Fixed Rate APR
Model Years Up to 7 Years Old; Fixed Rate APR
Credit Score: 740 & Above; Down Payment: 0%
- Oct 31, 20267.50%▲ from 6.75%
- Oct 14, 20266.75%first recorded
Model Years 8-10 Years Old; Fixed Rate APR
Credit Score: 740 & Above; Down Payment: 0%
- Oct 31, 20267.75%▲ from 7.00%
- Oct 14, 20267.00%first recorded
Model Year: 2017/2016/2015; APR*
- Oct 21, 20267.90%▲ from 4.99%
- Oct 3, 20264.99%▼ from 5.20%
- Sep 15, 20265.20%first recorded
Credit Score: 740 & Above; Down Payment: 0%
- Oct 31, 20268.00%▲ from 7.25%
- Oct 14, 20267.25%first recorded
Credit Score: 740 & Above; 0% Down Payment
- Oct 31, 20268.00%▲ from 7.25%
- Oct 14, 20267.25%first recorded
Credit Score: 740 & Above; Down Payment: 0%
- Oct 31, 20268.00%▲ from 7.25%
- Oct 14, 20267.25%first recorded
Model Year: 2017/2016/2015; APR*
- Oct 21, 20268.15%▲ from 4.99%
- Oct 3, 20264.99%▼ from 5.40%
- Sep 15, 20265.40%first recorded
Model Year: 2014 & Older; Rates are current as of 10/19/2026
- Oct 21, 20268.15%▲ from 4.99%
- Oct 3, 20264.99%▼ from 5.20%
- Sep 15, 20265.20%first recorded
Model Years: 2018 and Older; Lowest available rates based on overall creditworthiness; Broadview membership is required
Model Years: 2018 and Older; Lowest available rates based on overall creditworthiness; Broadview membership is required
Model Year: 2017/2016/2015; APR*
- Oct 21, 20268.25%▲ from 4.99%
- Oct 3, 20264.99%▼ from 5.50%
- Sep 15, 20265.50%first recorded
Autos, Light Trucks & Passenger Vans; Model Years 8-10 Years Old; Fixed Rate APR
- Oct 10, 20268.25%▲ from 6.25%
- Sep 18, 20266.25%first recorded
Autos, Light Trucks & Passenger Vans; Model Years 8-10 Years Old; Fixed Rate APR
- Oct 10, 20268.25%▲ from 6.25%
- Sep 18, 20266.25%first recorded
Model Year: 2014 & Older; Rates are current as of 10/19/2026
- Oct 21, 20268.40%▲ from 4.99%
- Oct 3, 20264.99%▼ from 5.40%
- Sep 15, 20265.40%first recorded
Model Years: 2018 and Older; Lowest available rates based on overall creditworthiness; Broadview membership is required
Credit Score: 740 & Above; Down Payment: 0%
- Oct 31, 20268.50%▲ from 7.75%
- Oct 14, 20267.75%first recorded
Credit Score: 700-739; Down Payment: 0%
- Oct 31, 20268.75%▲ from 8.00%
- Oct 14, 20268.00%first recorded
Credit Score: 740 & Above; 0% Down Payment
- Oct 31, 20268.75%▲ from 8.00%
- Oct 14, 20268.00%first recorded
As Low As; Model Years: 2006-2016; Previously owned or titled; Financing up to 100% of NADA value or purchase price, whichever is less, plus tax, title, registration and warranty; 0.25% APR automatic payment discount reflected in rate; 0.5% APR discount for hybrid or electric cars
Credit Score: 700-739; Down Payment: 0%
- Oct 31, 20269.00%▲ from 8.25%
- Oct 14, 20268.25%first recorded
Credit Score: 740 & Above; Down Payment: 0%
- Oct 31, 20269.25%▲ from 8.50%
- Oct 14, 20268.50%first recorded
Credit Score: 700-739; 0% Down Payment
- Oct 31, 20269.25%▲ from 8.50%
- Oct 14, 20268.50%first recorded
Credit Score: 700-739; Down Payment: 0%
- Oct 31, 20269.50%▲ from 8.75%
- Oct 14, 20268.75%first recorded
Credit Score: 675-699; Down Payment: 20%
- Oct 31, 202610.50%▲ from 9.75%
- Oct 14, 20269.75%first recorded
Credit Score: 675-699; Down Payment: 20%
- Oct 31, 202610.50%▲ from 9.75%
- Oct 14, 20269.75%first recorded
Credit Score: 675-699; Down Payment: 20%
- Oct 31, 202611.50%▲ from 10.75%
- Oct 14, 202610.75%first recorded
Credit Score: 675-699; 20% Down Payment
- Oct 31, 202611.50%▼ from 11.75%
- Oct 20, 202611.75%▲ from 10.75%
- Oct 14, 202610.75%first recorded
Credit Score: 674-660; Down Payment: 20%
- Oct 31, 202612.50%▲ from 11.75%
- Oct 14, 202611.75%first recorded
Credit Score: 740 & Above; Down Payment: 0%
Credit Score: 674-660; Down Payment: 20%
- Oct 31, 202612.50%▲ from 11.75%
- Oct 14, 202611.75%first recorded
Credit Score: 674-660; 20% Down Payment
- Oct 31, 202612.50%▲ from 11.75%
- Oct 14, 202611.75%first recorded
Credit Score: 674-660; Down Payment: 20%
- Oct 31, 202612.50%▲ from 11.75%
- Oct 14, 202611.75%first recorded
Credit Score: 740 & Above; Down Payment: 0%; Interest rates will be discounted 0.25% with Auto Pay from a Canal Bank checking or savings account
Credit Score: 700-739; Down Payment: 10%
- Oct 31, 202613.25%▲ from 12.75%
- Oct 14, 202612.75%first recorded
Credit Score: 700-739; Down Payment: 10%; Interest rates will be discounted 0.25% with Auto Pay from a Canal Bank checking or savings account
- Oct 31, 202613.50%▲ from 13.00%
- Oct 14, 202613.00%first recorded
Credit Score: 675-699; Down Payment: 20%
- Oct 31, 202613.50%▲ from 12.75%
- Oct 14, 202612.75%first recorded
Credit Score: 675-699; Down Payment: 20%; Interest rates will be discounted 0.25% with Auto Pay from a Canal Bank checking or savings account
- Oct 31, 202613.75%▲ from 13.00%
- Oct 14, 202613.00%first recorded
Credit Score: 674-660; Down Payment: 20%
- Oct 31, 202616.00%▲ from 15.25%
- Oct 14, 202615.25%first recorded
Credit Score: 674-660; Down Payment: 20%; Interest rates will be discounted 0.25% with Auto Pay from a Canal Bank checking or savings account
- Oct 31, 202616.25%▲ from 15.50%
- Oct 14, 202615.50%first recorded
As Low As; Models 2025-2027; Rates effective 09/01/2026
Model Year: 20 - 21
As Low As; Model Year: 2026 and newer; Rate determined by credit score and model year of the vehicle
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
GAP (Guaranteed Asset Protection) Insurance Available
As Low As; Model Year: 2025 or Newer
As Low As; Model Year: 2021-2026; Rate determined by credit score and model year of the vehicle
As Low As
Loan Term for New & Used; Rates effective as of 11/2/2026; Rates offered to members meeting select credit criteria, including -.25% discount for Autopay
- Nov 3, 20263.49%▼ from 3.74%
- Oct 9, 20263.74%first recorded
As Low As; With Direct Deposit; New vehicles are 2026 & 2025 models with 10,000 miles or less; Rates as of: 10/23/2026
As Low As; APR with Direct Deposit; APR without Direct Deposit: 3.99%; New vehicles are 2026 & 2025 year models with 10,000 miles or less; Direct deposit minimum $500 per month; Proof of full insurance required
GAP (Guaranteed Asset Protection) Insurance Available
As Low As; Rate as low as 3.500%; APR as low as 3.500%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
As Low As; Model Year: 2025 or Newer
APR range: 3.50% - 13.75%
As Low As; Models 2025-2027; Rates effective 09/01/2026
As Low As; $100,000 Max; 100% of Invoice Including Sales Tax on New Vehicles; 100% Retail J.D. Power Loan Value With No Options on Used Vehicles
- Oct 23, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
As Low As; $100,000 Max; 100% of Invoice Including Sales Tax on New Vehicles; 100% Retail J.D. Power Loan Value With No Options on Used Vehicles
- Oct 23, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
As Low As; $100,000 Max; 100% of Invoice Including Sales Tax on New Vehicles; 100% Retail J.D. Power Loan Value With No Options on Used Vehicles
- Oct 23, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
As Low As; $100,000 Max; 100% of Invoice Including Sales Tax on New Vehicles; 100% Retail J.D. Power Loan Value With No Options on Used Vehicles
- Oct 23, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
As Low As; APR (as low as); Rates based on 740+ credit score
As Low As; Model Year: 2021-2026; Rates based on 740+ credit score
- Oct 5, 20263.75%▲ from 3.49%
- Sep 14, 20263.49%first recorded
Credit Score: 760+; Credit Tier: A+; Electric Vehicles must have Plug-In feature with external charging source
As Low As; New auto loan
- Oct 23, 20263.79%▲ from 3.59%
- Sep 17, 20263.59%first recorded
As Low As
As Low As; Model Year: 2025 & Newer; Auto Loans
- Oct 14, 20263.84%▲ from 3.64%
- Sep 22, 20263.64%first recorded
As Low As; New auto loan
- Oct 23, 20263.89%▲ from 3.79%
- Sep 17, 20263.79%first recorded
As Low As; APR as low as*
As Low As; Rate includes auto-pay discount of .25%
- Oct 1, 20263.90%▲ from 3.70%
- Sep 14, 20263.70%first recorded
As Low As; Rate includes auto-pay discount of .25%
- Oct 1, 20263.90%▲ from 3.70%
- Sep 14, 20263.70%first recorded
Model Year: 18 - 19
Model Year: 2022 & newer
As Low As; Model Year: 2023-2027 (new); Based on A+ Credit Rating
As Low As; Model Years: 2024-2027; Rate shown is as low as
Term: Fixed up to 48 months; As Low As; Rate is determined by your credit history and the loan term
Term: Fixed up to 60 months; As Low As; Rate is determined by your credit history and the loan term
As Low As; Model Years 2025 and newer
As Low As; Model Years 2025 and newer
As Low As; Model Years 2025 and newer
AUTO LOAN SPECIAL; Model Year: 2022-2027
Current Interest Rate Loan Specials
- Oct 28, 20263.99%▲ from 3.29%
- Sep 25, 20263.29%first recorded
As Low As; Max Mileage for Auto Loans is 150,000
As Low As; Model Year: 2026 and newer; Rate determined by credit score and model year of the vehicle
As Low As; Model years 2025 or newer; Limited time promo ends Sept 30
As Low As; Model years 2025 or newer; Limited time promo ends Sept 30
As Low As; Model Year: 2022-2027; Monthly payment per $1,000: $18.42; Rates based on member relationship; membership eligibility required
As Low As; New auto loan
- Oct 23, 20263.99%▲ from 3.89%
- Sep 17, 20263.89%first recorded
Rates may be higher based on credit score; *Certain Conditions Apply
Rates may be higher based on credit score
As Low As; Model Year: 2026-2022 (New Models)
As Low As; Without Direct Deposit; New vehicles are 2026 & 2025 models with 10,000 miles or less; Rates as of: 10/23/2026
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Membership eligibility required
- Oct 5, 20263.99%▼ from 4.49%
- Sep 18, 20264.49%first recorded
As Low As; Membership eligibility required
- Oct 5, 20263.99%▼ from 4.74%
- Sep 18, 20264.74%first recorded
As Low As; APR*; .25% rate discount with auto pay or direct deposit
As Low As; APR*; .25% rate discount with auto pay or direct deposit
As Low As; Limited Time Special Rate; Rates apply to new and used vehicles, refinanced auto loans from another lender, or leased auto buyouts; Offer may expire at any time without notice
As Low As; Limited Time Special Rate; Rates apply to new and used vehicles, refinanced auto loans from another lender, or leased auto buyouts; Offer may expire at any time without notice
As Low As; Limited Time Special Rate; Rates apply to new and used vehicles, refinanced auto loans from another lender, or leased auto buyouts; Offer may expire at any time without notice
As Low As; Limited Time Special Rate; Rates apply to new and used vehicles, refinanced auto loans from another lender, or leased auto buyouts; Offer may expire at any time without notice
Albany New Auto Auto Loan Rates
As Low As; w/ Auto Pay Discount; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; Model Years 2021-2027; Financing up to 125% of NADA value or purchase price
As Low As; APR; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; w/ Auto Pay Discount; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; Model Years 2021-2027; Financing up to 125% of NADA value or purchase price
As Low As; Model Years 2021-2027; Financing up to 125% of NADA value or purchase price
As Low As; Model Years 2021-2027; Financing up to 125% of NADA value or purchase price
As Low As; APR; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; w/ Auto Pay Discount; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; Model Years 2021-2027; Financing up to 125% of NADA value or purchase price; Minimum loan amount $20,000 for terms 72 months or greater
As Low As; APR; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; w/ Auto Pay Discount; Only available for loan amounts in excess of $20,000; Eligible vehicles are model year 2020 or newer with less than 80K miles; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; APR; Only available for loan amounts in excess of $20,000; Eligible vehicles are model year 2020 or newer with less than 80K miles; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; w/ Auto Pay Discount; Only available for loan amounts in excess of $30,000; Eligible vehicles are model year 2021 or newer with less than 60K miles; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; APR; Only available for loan amounts in excess of $30,000; Eligible vehicles are model year 2021 or newer with less than 60K miles; Rates are based on applicant's credit worthiness; Your actual rate may vary
Autos, Light Trucks & Passenger Vans; Model Years 2025-2022 (mileage 15,000 or less); Fixed Rate APR
Autos, Light Trucks & Passenger Vans; Model Years 2025-2022 (mileage 15,000 or less); Fixed Rate APR
As Low As; Model Years 2021-2027; Financing up to 125% of NADA value or purchase price; Minimum loan amount $20,000 for terms 72 months or greater
Autos, Light Trucks & Passenger Vans; Model Years 2025-2022 (mileage 15,000 or less); Fixed Rate APR
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%
Term: Up to a 60-month term; As Low As; Model Years 2024 and newer
Model Year: 2026-2027; Preferred rate, requires checking account with auto-debit of payments; Subject to Credit Approval
Term: Up to a 72-month term; As Low As; Model Years 2024 and newer
Financing amount: $45,000; For online applicants with an excellent credit history
- Oct 31, 20266.09%▲ from 6.04%
- Oct 26, 20266.04%▼ from 6.24%
- Oct 14, 20266.24%first recorded
APR based on 60 months and $45,000 financing; for online applicants with excellent credit; new car purchase
- Oct 31, 20266.09%▼ from 6.24%
- Oct 2, 20266.24%▲ from 6.14%
- Sep 27, 20266.14%▲ from 6.04%
- Sep 18, 20266.04%▲ from 5.94%
Model Year: 2026-2027; Standard rate; Subject to Credit Approval
Model Years 2025-2022 (mileage 15,000 or less); Fixed Rate APR
Model Years 2025-2022 (mileage 15,000 or less); Fixed Rate APR
Model Years 2025-2022 (mileage 15,000 or less); Fixed Rate APR
Term: Up to a 84-month term; As Low As; Model Years 2024 and newer
Model Years 2025-2022 (mileage 15,000 or less); Fixed Rate APR
As Low As; Model Years 2021-2027; Financing up to 125% of NADA value or purchase price; Minimum loan amount $20,000 for terms 72 months or greater; 96 month term only available on new model years 2026-2027
Credit Score: 740 & Above; Down Payment: 0%
- Oct 31, 20267.50%▲ from 6.75%
- Oct 14, 20266.75%first recorded
Credit Score: 740 & Above; Down Payment: 0%
- Oct 31, 20267.75%▲ from 7.00%
- Oct 14, 20267.00%first recorded
Credit Score: 740 & Above; Down Payment: 0%
- Oct 31, 20268.00%▲ from 7.25%
- Oct 14, 20267.25%first recorded
Credit Score: 700-739; Down Payment: 0%
- Oct 31, 20268.75%▲ from 8.00%
- Oct 14, 20268.00%first recorded
Credit Score: 675-699; Down Payment: 20%
- Oct 31, 202610.50%▲ from 9.75%
- Oct 14, 20269.75%first recorded
Credit Score: 674-660; Down Payment: 20%
- Oct 31, 202612.50%▲ from 11.75%
- Oct 14, 202611.75%first recorded
Model Year: 20 - 21
As Low As; Model Year: 2026 and newer; Rate determined by credit score and model year of the vehicle
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
As Low As; Rate as low as 2.990%; APR as low as 2.990%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
GAP (Guaranteed Asset Protection) Insurance Available
As Low As
As Low As; APR with Direct Deposit; APR without Direct Deposit: 3.99%; New vehicles are 2026 & 2025 year models with 10,000 miles or less; Direct deposit minimum $500 per month; Proof of full insurance required
GAP (Guaranteed Asset Protection) Insurance Available
As Low As; Rate as low as 3.500%; APR as low as 3.500%; The above rates apply with automatic payment from the PSFCU Checking Account; rates are 0.25% higher without automatic payment
APR range: 3.50% - 13.75%
As Low As; $100,000 Max; 100% of Invoice Including Sales Tax on New Vehicles; 100% Retail J.D. Power Loan Value With No Options on Used Vehicles
- Oct 23, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
As Low As; $100,000 Max; 100% of Invoice Including Sales Tax on New Vehicles; 100% Retail J.D. Power Loan Value With No Options on Used Vehicles
- Oct 23, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
As Low As; $100,000 Max; 100% of Invoice Including Sales Tax on New Vehicles; 100% Retail J.D. Power Loan Value With No Options on Used Vehicles
- Oct 23, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
As Low As; $100,000 Max; 100% of Invoice Including Sales Tax on New Vehicles; 100% Retail J.D. Power Loan Value With No Options on Used Vehicles
- Oct 23, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
- Oct 5, 20263.75%▲ from 3.49%
- Sep 14, 20263.49%first recorded
Credit Score: 760+; Credit Tier: A+; Electric Vehicles must have Plug-In feature with external charging source
As Low As; New auto loan
- Oct 23, 20263.79%▲ from 3.59%
- Sep 17, 20263.59%first recorded
As Low As; New auto loan
- Oct 23, 20263.89%▲ from 3.79%
- Sep 17, 20263.79%first recorded
As Low As; APR as low as*
As Low As; Rate includes auto-pay discount of .25%
- Oct 1, 20263.90%▲ from 3.70%
- Sep 14, 20263.70%first recorded
As Low As; Model Year: 2023-2027 (new); Based on A+ Credit Rating
As Low As; Model Years 2025 and newer
As Low As; Model Years 2025 and newer
As Low As; Model Years 2025 and newer
AUTO LOAN SPECIAL; Model Year: 2022-2027
Current Interest Rate Loan Specials
- Oct 28, 20263.99%▲ from 3.29%
- Sep 25, 20263.29%first recorded
As Low As; Max Mileage for Auto Loans is 150,000
As Low As; Model Year: 2026 and newer; Rate determined by credit score and model year of the vehicle
As Low As; Model years 2025 or newer; Limited time promo ends Sept 30
As Low As; Model years 2025 or newer; Limited time promo ends Sept 30
As Low As; Model Year: 2022-2027; Monthly payment per $1,000: $18.42; Rates based on member relationship; membership eligibility required
As Low As; New auto loan
- Oct 23, 20263.99%▲ from 3.89%
- Sep 17, 20263.89%first recorded
Rates may be higher based on credit score; *Certain Conditions Apply
Rates may be higher based on credit score
As Low As; Membership eligibility required
- Oct 5, 20263.99%▼ from 4.49%
- Sep 18, 20264.49%first recorded
As Low As; Membership eligibility required
- Oct 5, 20263.99%▼ from 4.74%
- Sep 18, 20264.74%first recorded
As Low As; Limited Time Special Rate; Rates apply to new and used vehicles, refinanced auto loans from another lender, or leased auto buyouts; Offer may expire at any time without notice
As Low As; Limited Time Special Rate; Rates apply to new and used vehicles, refinanced auto loans from another lender, or leased auto buyouts; Offer may expire at any time without notice
As Low As; Limited Time Special Rate; Rates apply to new and used vehicles, refinanced auto loans from another lender, or leased auto buyouts; Offer may expire at any time without notice
As Low As; Limited Time Special Rate; Rates apply to new and used vehicles, refinanced auto loans from another lender, or leased auto buyouts; Offer may expire at any time without notice
Albany Used Auto Auto Loan Rates
As Low As; w/ Auto Pay Discount; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; APR; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; w/ Auto Pay Discount; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; APR; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; w/ Auto Pay Discount; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; APR; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; w/ Auto Pay Discount; Only available for loan amounts in excess of $20,000; Eligible vehicles are model year 2020 or newer with less than 80K miles; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; APR; Only available for loan amounts in excess of $20,000; Eligible vehicles are model year 2020 or newer with less than 80K miles; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; w/ Auto Pay Discount; Only available for loan amounts in excess of $30,000; Eligible vehicles are model year 2021 or newer with less than 60K miles; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; APR; Only available for loan amounts in excess of $30,000; Eligible vehicles are model year 2021 or newer with less than 60K miles; Rates are based on applicant's credit worthiness; Your actual rate may vary
As Low As; Previously owned or titled; Financing up to 100% of NADA value or purchase price, PLUS tax, title, registration and warranty; 0.25% APR discount for automatic payments reflected in rate
As Low As; Previously owned or titled; Financing up to 100% of NADA value or purchase price, PLUS tax, title, registration and warranty; 0.25% APR discount for automatic payments reflected in rate
As Low As; Previously owned or titled; Financing up to 100% of NADA value or purchase price, PLUS tax, title, registration and warranty; 0.25% APR discount for automatic payments reflected in rate
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; Previously owned or titled; Financing up to 100% of NADA value or purchase price, PLUS tax, title, registration and warranty; 0.25% APR discount for automatic payments reflected in rate
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%
Autos, Light Trucks & Passenger Vans; Model Years Up to 7 Years Old; Fixed Rate APR
Autos, Light Trucks & Passenger Vans; Model Years Up to 7 Years Old; Fixed Rate APR
Model Year: 2018-2026; Maximum term 60 months; Preferred rate, requires checking account with auto-debit of payments; Subject to Credit Approval
Autos, Light Trucks & Passenger Vans; Model Years Up to 7 Years Old; Fixed Rate APR
As Low As; Model Years: 2006-2016; Previously owned or titled; Financing up to 100% of NADA value or purchase price, whichever is less, plus tax, title, registration and warranty; 0.25% APR automatic payment discount reflected in rate; 0.5% APR discount for hybrid or electric cars
As Low As; Model Years: 2006-2016; Previously owned or titled; Financing up to 100% of NADA value or purchase price, whichever is less, plus tax, title, registration and warranty; 0.25% APR automatic payment discount reflected in rate; 0.5% APR discount for hybrid or electric cars
Model Year: 2018-2026; Maximum term 60 months; Standard rate; Subject to Credit Approval
Model Years Up to 7 Years Old; Fixed Rate APR
- Sep 18, 20267.00%▼ from 7.50%
- Sep 14, 20267.50%first recorded
Model Years Up to 7 Years Old; Fixed Rate APR
Model Years Up to 7 Years Old; Fixed Rate APR
Model Years Up to 7 Years Old; Fixed Rate APR
Model Years 8-10 Years Old; Fixed Rate APR
Credit Score: 740 & Above; 0% Down Payment
- Oct 31, 20268.00%▲ from 7.25%
- Oct 14, 20267.25%first recorded
Credit Score: 740 & Above; Down Payment: 0%
- Oct 31, 20268.00%▲ from 7.25%
- Oct 14, 20267.25%first recorded
Autos, Light Trucks & Passenger Vans; Model Years 8-10 Years Old; Fixed Rate APR
- Oct 10, 20268.25%▲ from 6.25%
- Sep 18, 20266.25%first recorded
Autos, Light Trucks & Passenger Vans; Model Years 8-10 Years Old; Fixed Rate APR
- Oct 10, 20268.25%▲ from 6.25%
- Sep 18, 20266.25%first recorded
Credit Score: 740 & Above; Down Payment: 0%
- Oct 31, 20268.50%▲ from 7.75%
- Oct 14, 20267.75%first recorded
Credit Score: 740 & Above; 0% Down Payment
- Oct 31, 20268.75%▲ from 8.00%
- Oct 14, 20268.00%first recorded
As Low As; Model Years: 2006-2016; Previously owned or titled; Financing up to 100% of NADA value or purchase price, whichever is less, plus tax, title, registration and warranty; 0.25% APR automatic payment discount reflected in rate; 0.5% APR discount for hybrid or electric cars
Credit Score: 700-739; Down Payment: 0%
- Oct 31, 20269.00%▲ from 8.25%
- Oct 14, 20268.25%first recorded
Credit Score: 740 & Above; Down Payment: 0%
- Oct 31, 20269.25%▲ from 8.50%
- Oct 14, 20268.50%first recorded
Credit Score: 700-739; 0% Down Payment
- Oct 31, 20269.25%▲ from 8.50%
- Oct 14, 20268.50%first recorded
Credit Score: 700-739; Down Payment: 0%
- Oct 31, 20269.50%▲ from 8.75%
- Oct 14, 20268.75%first recorded
Credit Score: 675-699; Down Payment: 20%
- Oct 31, 202610.50%▲ from 9.75%
- Oct 14, 20269.75%first recorded
Credit Score: 675-699; Down Payment: 20%
- Oct 31, 202611.50%▲ from 10.75%
- Oct 14, 202610.75%first recorded
Credit Score: 675-699; 20% Down Payment
- Oct 31, 202611.50%▼ from 11.75%
- Oct 20, 202611.75%▲ from 10.75%
- Oct 14, 202610.75%first recorded
Credit Score: 740 & Above; Down Payment: 0%
Credit Score: 674-660; Down Payment: 20%
- Oct 31, 202612.50%▲ from 11.75%
- Oct 14, 202611.75%first recorded
Credit Score: 674-660; 20% Down Payment
- Oct 31, 202612.50%▲ from 11.75%
- Oct 14, 202611.75%first recorded
Credit Score: 674-660; Down Payment: 20%
- Oct 31, 202612.50%▲ from 11.75%
- Oct 14, 202611.75%first recorded
Credit Score: 740 & Above; Down Payment: 0%; Interest rates will be discounted 0.25% with Auto Pay from a Canal Bank checking or savings account
Credit Score: 700-739; Down Payment: 10%
- Oct 31, 202613.25%▲ from 12.75%
- Oct 14, 202612.75%first recorded
Credit Score: 700-739; Down Payment: 10%; Interest rates will be discounted 0.25% with Auto Pay from a Canal Bank checking or savings account
- Oct 31, 202613.50%▲ from 13.00%
- Oct 14, 202613.00%first recorded
Credit Score: 675-699; Down Payment: 20%
- Oct 31, 202613.50%▲ from 12.75%
- Oct 14, 202612.75%first recorded
Credit Score: 675-699; Down Payment: 20%; Interest rates will be discounted 0.25% with Auto Pay from a Canal Bank checking or savings account
- Oct 31, 202613.75%▲ from 13.00%
- Oct 14, 202613.00%first recorded
Credit Score: 674-660; Down Payment: 20%
- Oct 31, 202616.00%▲ from 15.25%
- Oct 14, 202615.25%first recorded
Credit Score: 674-660; Down Payment: 20%; Interest rates will be discounted 0.25% with Auto Pay from a Canal Bank checking or savings account
- Oct 31, 202616.25%▲ from 15.50%
- Oct 14, 202615.50%first recorded
As Low As; Model Year: 2021-2026; Rate determined by credit score and model year of the vehicle
As Low As; $100,000 Max; 100% of Invoice Including Sales Tax on New Vehicles; 100% Retail J.D. Power Loan Value With No Options on Used Vehicles
- Oct 23, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
As Low As; $100,000 Max; 100% of Invoice Including Sales Tax on New Vehicles; 100% Retail J.D. Power Loan Value With No Options on Used Vehicles
- Oct 23, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
As Low As; $100,000 Max; 100% of Invoice Including Sales Tax on New Vehicles; 100% Retail J.D. Power Loan Value With No Options on Used Vehicles
- Oct 23, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
As Low As; $100,000 Max; 100% of Invoice Including Sales Tax on New Vehicles; 100% Retail J.D. Power Loan Value With No Options on Used Vehicles
- Oct 23, 20263.75%▲ from 3.50%
- Sep 14, 20263.50%first recorded
As Low As
As Low As; APR as low as*
As Low As; Rate includes auto-pay discount of .25%
- Oct 1, 20263.90%▲ from 3.70%
- Sep 14, 20263.70%first recorded
Model Year: 18 - 19
AUTO LOAN SPECIAL; Model Year: 2022-2027
As Low As; Max Mileage for Auto Loans is 150,000
As Low As; Model Year: 2022-2027; Monthly payment per $1,000: $18.42; Rates based on member relationship; membership eligibility required
Rates may be higher based on credit score; *Certain Conditions Apply
Rates may be higher based on credit score
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Rates 0.25% higher without automatic payment from PSFCU Checking Account
As Low As; Limited Time Special Rate; Rates apply to new and used vehicles, refinanced auto loans from another lender, or leased auto buyouts; Offer may expire at any time without notice
As Low As; Limited Time Special Rate; Rates apply to new and used vehicles, refinanced auto loans from another lender, or leased auto buyouts; Offer may expire at any time without notice
As Low As; Limited Time Special Rate; Rates apply to new and used vehicles, refinanced auto loans from another lender, or leased auto buyouts; Offer may expire at any time without notice
As Low As; Limited Time Special Rate; Rates apply to new and used vehicles, refinanced auto loans from another lender, or leased auto buyouts; Offer may expire at any time without notice
Albany, NY Auto Loan Rate Trends
Compare local Albany, NY 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.
New York new auto rates rose 0.012 points over the past 7 days to 5.422% APR.
New York used auto rates rose 0.015 points over the past 7 days to 6.122% APR.
Albany, NY 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 New York 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 New York 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 @ 5.42% APR NY average | Used Auto @ 6.12% APR NY average | Monthly Difference |
|---|---|---|---|
| $15,000 | $285.98/mo | $290.84/mo | $4.87/mo |
| $25,000 | $476.63/mo | $484.74/mo | $8.11/mo |
| $35,000 | $667.28/mo | $678.64/mo | $11.36/mo |
| $45,000 | $857.93/mo | $872.53/mo | $14.60/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 Albany, New York
Get Preapproved Before You Shop
A preapproval from a bank or credit union serving Albany, New York 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 New York. 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 Albany, New York 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: Albany, New York CD rates lock in a guaranteed return until you’re ready to buy
Albany, New York Financial Snapshot
Local demographics and economic context for car buyers. Source: U.S. Census Bureau
A $572 monthly car payment works out to roughly 20.0% of the median individual income in Albany, New York. 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 Albany, New York, 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 Albany, New York. We’ve prefilled the APR with today’s NY 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 Albany, New York 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 Albany, New York 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 Albany, New York. We feature a comprehensive mix of lenders, from neighborhood credit unions and competitive regional banks to large national auto lenders available to borrowers in NY.
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 Albany, New York
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 Albany, New York
What are auto loan rates in Albany, New York today?
How does my credit score affect my car loan rate in Albany, New York?
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 Albany, New York?
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 Albany, New York?
What is the average car loan rate for bad credit?
What are the best Auto Loan rates in Albany, New York?
- Advantage Financial Credit Union: 3.89% (Auto Loan - Same Rate on New or Used Vehicles)
- First New York Federal Credit Union: 3.99% (New Auto Loan - 2021-2027 Model Years)
- Broadview Federal Credit Union: 3.99% (Vehicle Loan)
- Ballston Spa National Bank: 4.99% (Auto Loan - Model Year 2026/2025/2024)
- Directors Choice Credit Union: 5.25% (New Auto Loan)
Albany, New York Rates & Resources
