Compare car loan rates

Auto loan rates vary more between lenders than most buyers expect, even for the same vehicle and the same borrower. Your actual rate depends on a mix of factors: whether the car is new or used, the loan term you choose, your credit score, and whether you're financing through a bank, credit union, or the dealership itself. Used car loans almost always carry a higher rate than new car loans for the same borrower, reflecting genuine differences in how predictable the vehicle's resale value is — not an arbitrary penalty for buying used. Loan term length matters just as much as the rate itself: a longer term lowers your monthly payment but increases total interest paid and raises the risk of owing more than the car is worth if you need to sell or trade in before the loan catches up with the vehicle's depreciation. Two lenders quoting the same purchase can land on noticeably different rates once term length, vehicle age, and any manufacturer-subsidized promotional financing are factored in — a 0% intro offer tied to a specific new model isn't really comparable to a standard market rate, since the manufacturer is absorbing the financing cost rather than the lender pricing genuine risk. That's exactly why comparing real, pre-approved offers side by side matters more than accepting whatever rate the dealership presents at the point of sale. Below, we've lined up current rates from lenders we track, along with terms and estimated fees for each, so you can see where the real differences come from before signing anything.