Best Auto Loan Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Star Ratings
- Finance Calculators
Current auto loan rates nationwide start at 1.99% APR based on offers verified by MonitorBankRates as of Sep 25, 2026. Current highly competitive auto loan options include: Otero Federal Credit UnionOtero Federal Credit Union3300 N White Sands Blvd Unit A, Alamogordo, NM, 88310A+5.0 ★Texas Ratio: 0.75%'s Repossessed Vehicles Loan has an APR of 1.99%, Boulevard Federal Credit UnionBoulevard Federal Credit Union2787 Niagara Falls Blvd, Amherst, NY, 14228A+5.0 ★Texas Ratio: 2.05%'s Auto Loan has an APR of 1.99%, Boulevard Federal Credit UnionBoulevard Federal Credit Union2787 Niagara Falls Blvd, Amherst, NY, 14228A+5.0 ★Texas Ratio: 2.05%'s New Car Loans has an APR of 1.99%, Materion Federal Credit UnionMaterion Federal Credit Union14710 W Portage River South Rd, Elmore, OH, 43416A+5.0 ★Texas Ratio: 0.00%'s Vehicle Loan has an APR of 1.99%, and Materion Federal Credit UnionMaterion Federal Credit Union14710 W Portage River South Rd, Elmore, OH, 43416A+5.0 ★Texas Ratio: 0.00%'s Vehicle Loan has an APR of 1.99%. Auto loan rates as of Sep 25, 2026 according to verified data from MonitorBankRates.
Finding the lowest auto loan rate can save you thousands of dollars over the life of your loan. Whether you are buying a new vehicle from a dealership or financing a pre-owned car, comparing current loan options across top-rated lenders is critical.
We empower borrowers with transparent, proprietary financial health metrics, including A-F Safety Grades, verified Star Ratings, and Texas Ratios, ensuring you can confidently choose a stable, highly-rated institution for your next vehicle purchase.
Auto loan rates reflect recent market quotes and representative offers available to borrowers. Auto Loan Rates Last Updated and Verified: Sep 25, 2026
Auto Loan Rates
As Low As
Additional APR listed for this product: 5.15%, 6.15%. As low as; Rates effective 09/01/2025. Creditworthiness factors, and other loan terms may affect the actual rate offered. Other conditions may apply. Contact the Credit Union for complete details.
As low as; Rates for models 2024-2026
As low as; Finance up to 125% of purchase price or collateral value, including tax & title. Monthly installments of $368.25 based on $20,000.00 loan amount over 60 months, 3.99%, 100% LTV. Fixed rate. No prepayment penalty. No Application Fee. Rates and terms are determined by your credit qualifications, loan to value and term. Loan rates effective December 28, 2023 and are subject to change. All loans subject to credit approval.
As low as; Finance up to 125% of purchase price or collateral value, including tax & title. Monthly installments of $372.78 based on $20,000.00 loan amount over 60 months, 4.49% 100% LTV. Fixed rate. No prepayment penalty. No Application Fee. Rates and terms are determined by your credit qualifications, loan to value and term. Loan rates effective December 28, 2023 and are subject to change. All loans subject to credit approval.
credit score 700-749
As low as
For all 1 yr. old or newer vehicles. Cars, trucks, RVs or tractors. Pending credit approval.
Tier A+: 2.00%
Term: 100% Financing on New & 80% Financing on Used
Term: 60 Months - As Low As; As Low As; Fixed
No additional details provided.
20 - 21
Term: 72 Months - As Low As; As Low As; Fixed
Additional APR listed for this product: 2.99%. As Low As
Fixed (as low as)
As Low As*
As low as 2.50% APR; Rates of 2.50% to 14.90% APR available depending on term. Rate assumes discount of up to 1.00%. Vehicle discounts include the purchase of vehicle protection products, setting up direct deposit, automatic payments, and a down payment. Credit subject to approval. Must be a member in good standing.
Credit Grade: A++ (750+)
credit score 700-749
No additional details provided.
Model Year: 2026/2025/2024
New Vehicle (2019 - 2022)
- Sep 22, 20262.69%▼ from 5.39%
- Sep 14, 20265.39%first recorded
Credit Grade: A+ (720-749)
Credit Grade: A++ (750+)
Minimum balance applies to 84 Months term.
As Low As; *2.95%
Credit Score: A+ (800+)
As Low As:
Credit Score: A+ (800+)
No payments for the first 90 days of your new loan; Up to 115% financing; Lock your rate in for up to 45 days while you shop; CARFAX Reporting
No additional details provided.
Published APR range: 2.99% - 18%.
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply.
No additional details provided.
No additional details provided.
As low as; 2023 & newer; with less than 45,000 miles and valued at $15,000 or more
credit score 650-699
Modal Year: 2025 & newer; As low as
Modal Year: 2020-2025; As low as
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As Low As; With qualifying credit and direct deposit with automatic payment.
As Low As
As Low As
No additional details provided.
No additional details provided.
No additional details provided.
As Low As; Model Year 2025-2027; Up to $65,000
New Vehicle (Cost over $15,000)
- Sep 22, 20262.99%▼ from 5.49%
- Sep 14, 20265.49%first recorded
As Low As; *
No additional details provided.
Rates below are based on a minimum credit score of 700. Please contact our lending team or visit your nearest Texoma Educators branch for more information. Rates are subject to change without notice.
Credit Score: A 700 & Up
Collateral Value: 100% LTV
Rates are effective as of January 1, 2026, and are subject to change. Loan approval and processing is based on standard loan underwriting guidelines. Not all applicants will qualify for the lowest rate. Program fees, rates and features are subject to change. Annual Percentage Rates are based on the applicant's credit and our underwriting standards, which may include discounts for additional credit union services. APRs are subject to change based on Prime with a minimum rate of 3.00% and maximum of 18%.
Refinance Options Available
No additional details provided.
New Auto Auto Loan Rates
As low as; Rates for models 2024-2026
As low as
For all 1 yr. old or newer vehicles. Cars, trucks, RVs or tractors. Pending credit approval.
Tier A+: 2.00%
Term: 60 Months - As Low As; As Low As; Fixed
No additional details provided.
20 - 21
Term: 72 Months - As Low As; As Low As; Fixed
Additional APR listed for this product: 2.99%. As Low As
Fixed (as low as)
Credit Grade: A++ (750+)
New Vehicle (2019 - 2022)
- Sep 22, 20262.69%▼ from 5.39%
- Sep 14, 20265.39%first recorded
Credit Grade: A+ (720-749)
Credit Grade: A++ (750+)
Minimum balance applies to 84 Months term.
As Low As; *2.95%
Credit Score: A+ (800+)
No payments for the first 90 days of your new loan; Up to 115% financing; Lock your rate in for up to 45 days while you shop; CARFAX Reporting
No additional details provided.
Published APR range: 2.99% - 18%.
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply.
No additional details provided.
No additional details provided.
Modal Year: 2025 & newer; As low as
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As Low As; The rate you receive will be based upon your credit history, collateral, and loan character. The above interest rates apply when automatic payment from the PSFCU Checking Account is selected. Rates are 0.25% higher without automatic payment from the PSFCU Checking Account.
As Low As; With qualifying credit and direct deposit with automatic payment.
As Low As
As Low As
New Vehicle (Cost over $15,000)
- Sep 22, 20262.99%▼ from 5.49%
- Sep 14, 20265.49%first recorded
Rates below are based on a minimum credit score of 700. Please contact our lending team or visit your nearest Texoma Educators branch for more information. Rates are subject to change without notice.
Credit Score: A 700 & Up
Collateral Value: 100% LTV
Refinance Options Available
No additional details provided.
Amount Down: 50%; Model Year: 2026/2025 New
No additional details provided.
Credit Grade: A+ (720-749)
Credit Grade: A++ (750+)
Minimum balance applies to 84 Months term.
Rates as low as 3.00% APR on qualifying 2025-2026 vehicle loans.
No additional details provided.
New Vehicle (Cost over $25,000)
- Sep 22, 20263.09%▼ from 6.29%
- Sep 14, 20266.29%first recorded
No additional details provided.
No additional details provided.
No additional details provided.
No additional details provided.
Published APR range: 3.15% - 9.15%. 72 months on $20k+ - $84 months on $30k+
Published APR range: 3.24% - 14.49%.
No additional details provided.
No additional details provided.
As Low As; Minimum Financing of $10,000 for 60 Months
- Sep 25, 20263.24%▼ from 3.74%
- Sep 12, 20263.74%first recorded
No additional details provided.
No additional details provided.
Published APR range: 3.24 - 13.99%. Model Year: 2025 and newer
Published APR range: 3.25% - 8.00%. APR*
Published APR range: 3.25% -8.25%. APR*
Published APR range: 3.25% - 14.75%. Model Year: 2017-2026
Used Auto Auto Loan Rates
Additional APR listed for this product: 2.99%. As Low As
No additional details provided.
As Low As:
Credit Score: A+ (800+)
No payments for the first 90 days of your new loan; Up to 115% financing; Lock your rate in for up to 45 days while you shop; CARFAX Reporting
Vehicle Model Years: All Years**; Rates shown include a 0.50% rate discount below the base APR for 80% loan to value, and a 0.25% rate discount for automatic payment from a United checking account. Some conditions apply.
Modal Year: 2020-2025; As low as
As Low As; With qualifying credit and direct deposit with automatic payment.
No additional details provided.
No additional details provided.
No additional details provided.
Refinance Options Available
No additional details provided.
Published APR range: 3.24% - 14.49%.
No additional details provided.
No additional details provided.
As Low As; Minimum Financing of $10,000 for 60 Months
- Sep 25, 20263.24%▼ from 3.74%
- Sep 12, 20263.74%first recorded
No additional details provided.
Collateral Value: 100% LTV
Published APR range: 3.25% - 14.75%. Model Year: 2017-2026
Finance up to 125% MSRP (new vehicles) or NADA (used vehicles)2. No prepayment penalties. Refinance existing Auto Loans for cash out or lower payments. Take a pre-approved loan to the dealer when you shop. Keys FCU is an ITIN-approved lender!
No additional details provided.
All rates are based on 725 credit score; Auto rates range from 3.25% - 15.50%; Amount and rate are subject to credit score, seniority, job stability and any other factors determined by credit committee.
Published APR range: 3.25% - 21.95%. As low as
Term: Ranges between 36 months and 72 months depending on the age of the vehicle; Published APR range: 3.251% - 16.001%. Application fee: $20.00; SSCFCU will finance a new or used vehicle up to 90% of Kelley's Blue Book value. The vehicle must be less than 7 years old. You can borrow up to $40K for a new car or $35K for a used car. Must provide a vehicle description, most recent two pays stubs, proof of rent or mortgage, maintain a $50.00 deposit balance, be a credit union member and demonstrate the capacity to repay the loan.
No additional details provided.
No additional details provided.
No additional details provided.
No additional details provided.
Published APR range: 3.35% - 18.00%.
Published APR range: 3.39% - 12.95%. APR*
No additional details provided.
No additional details provided.
Published APR range: 3.47% to 18.00%. Fixed
- Sep 17, 20263.47%▲ from 3.20%
- Sep 14, 20263.20%first recorded
Using 10,000 Loyalty Points
- Sep 22, 20263.49%▼ from 3.99%
- Sep 14, 20263.99%first recorded
Using 10,000 Loyalty Points
- Sep 22, 20263.49%▼ from 3.99%
- Sep 14, 20263.99%first recorded
As Low As; *
Published APR range: 3.49% - 18.00%.
As Low As; Minimum Financing of $15,000 for 72 Months
- Sep 25, 20263.49%▼ from 4.24%
- Sep 17, 20264.24%▲ from 3.49%
- Sep 12, 20263.49%first recorded
Model Year: 2026 - 2024
No additional details provided.
As Low As
Published rate range: 3.49% - 11.99%**.
Consumer Loan Rates. As low as.
- Sep 27, 20263.49%▲ from 3.24%
- Sep 14, 20263.24%first recorded
Rates as low as*
- Sep 27, 20263.49%▲ from 3.24%
- Sep 14, 20263.24%first recorded
As low as; New cars are financed for a term up to 72 months. Used cars may be financed from 24 to 60 months depending on the year of the car.
APR as low as
APR as low as
APR as low as
APR as low as
APR as low as
No additional details provided.
As Low As; No payments for 90 days; interest accrues from loan disbursement date. Not valid for RVs or boats.
Published APR range: 3.50% - 9.00%. APR*
Published APR range: 3.50% - 9.00%.
Auto Loan Rate Trends
Weekly average APRs, compiled from 8,500+ banks & credit unions, updated nightly.
New Auto Loan rates fell 0.013 points this week to 5.935%, down from 5.948% last week.
Used Auto Loan rates rose 0.042 points this week to 6.776%, up from 6.733% last week.
Auto Loan Rate Trends
Weekly average APRs. Hover to see exact rates for each week.
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 national 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; 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 APRs. Even a small rate difference compounds over the life of a car loan. Use the calculator below to model your exact loan.
| Loan Amount | New Auto @ 5.94% APR Average across tracked lenders | Used Auto @ 6.78% APR Average across tracked lenders | Monthly Difference |
|---|---|---|---|
| $15,000 | $289.54/mo | $295.43/mo | $5.89/mo |
| $25,000 | $482.56/mo | $492.39/mo | $9.82/mo |
| $35,000 | $675.59/mo | $689.34/mo | $13.75/mo |
| $45,000 | $868.62/mo | $886.30/mo | $17.68/mo |
| $55,000 | $1,061.64/mo | $1,083.25/mo | $21.61/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.
What a Longer Loan Term Really Costs
Stretching a car loan lowers the monthly payment, which is exactly why dealers offer it. Here is what happens to total interest on a $35,000 loan at the new-auto average of 5.94% APR as the term gets longer.
| Loan Term | Monthly Payment | Total Interest Paid | Extra Interest vs. 36 Months |
|---|---|---|---|
| 36 months (3 years) | $1,063.74 | $3,295 | — |
| 48 months (4 years) | $820.93 | $4,405 | +$1,110 |
| 60 months (5 years) (most common) | $675.59 | $5,535 | +$2,241 |
| 72 months (6 years) | $578.98 | $6,686 | +$3,392 |
| 84 months (7 years) | $510.21 | $7,858 | +$4,563 |
Illustration holds the APR constant across terms to isolate the effect of length. In practice most lenders also price longer terms at higher APRs, so the real gap is usually wider than shown. Longer terms additionally keep you “underwater”, owing more than the vehicle is worth, for a larger share of the loan.
About Our Auto Loan Rate Database
The tables on this page surface the lowest-APR auto loan offers we track, drawn from the thousands of verified rates in our database. Every APR is sourced directly from the lender’s own website and re-verified regularly, so what you compare here reflects what lenders are actually advertising today, not stale or estimated numbers.
The lowest verified auto loan APR in our database right now is 1.99% APR from Boulevard Federal Credit Union. Advertised APRs typically assume excellent credit, so use the full rate table above to compare offers across your actual credit tier, and check your state page for lenders that serve your area.
How to Get the Best Auto Loan Rate
Get Preapproved Before You Shop
A preapproval from a bank or credit union 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 financing markups. Dealers can legally add points to the rate a lender actually approved you for.
Check Credit Unions First
Credit unions consistently publish the lowest auto loan APRs in our database. Membership is usually easier to get than people expect. Many accept anyone who lives or works in a given area, and some let you join through a partner association or a small donation to an affiliated 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 sharply raises total interest and extends the time you spend owing more than the car is worth. Aim for 60 months or less if the payment fits your budget.
Compare the Promo Against a Rebate
Manufacturer financing at 0–2.9% APR can beat any bank or credit union rate, but it is usually offered instead of a cash rebate, not alongside it. Run both scenarios: the promo APR on the full price, versus your outside financing on the rebated price. The rebate often wins.
Auto Financing Options Compared
An auto loan from a bank or credit union isn’t the only way to finance a vehicle, but for most borrowers it is the cheapest. Here is 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 1–3 days |
| Best For | Lowest total cost of borrowing | Existing customers & relationship discounts | Manufacturer 0% promos on new cars | Older vehicles lenders won’t finance |
General comparison for educational purposes. Terms, eligibility, and pricing vary by lender and by borrower credit profile.
Auto Loan Payment Calculator
Estimate your monthly payment on a new or used vehicle. We’ve prefilled the APR with today’s 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, extended 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 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 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.
Comprehensive Coverage: Our systems constantly monitor the market to provide a complete picture of available auto loan products across the country. We feature a comprehensive mix of lenders, from neighborhood credit unions and regional banks to large online auto lenders available to borrowers in all 50 states.
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.
Frequently Asked Questions
Is it better to get an auto loan from a bank or credit union?
What is a good APR for a car loan?
Should I finance through the dealership?
Why are used car loan rates higher than new car rates?
How does loan term length affect what I pay for a car?
Can I refinance an auto loan if rates drop or my credit improves?
Top Auto Loan Rates
- Otero Federal Credit Union: 1.99% APR (Repossessed Vehicles Loan)
- Boulevard Federal Credit Union: 1.99% APR (Auto Loan)
- Boulevard Federal Credit Union: 1.99% APR (New Car Loans)
- Materion Federal Credit Union: 1.99% APR (Vehicle Loan)
- Materion Federal Credit Union: 1.99% APR (Vehicle Loan)
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