Car loan rates for new and used vehicles
Last updated Nov 10, 2026The lowest new car rate we found is 3.39% APR from PenFed Credit Union. The lowest used car rate is 4.34% from PenFed Credit Union. Lowest rate first.
New car loan rates
| Lender | Lowest APR | Term | Where |
|---|---|---|---|
| PenFed Credit Union New car via Car Buying Service | 3.39% | 36 months | All states |
| Navy Federal Credit Union New (purchase and refinance) | 4.19% | 12 to 36 months | All states |
| PenFed Credit Union New car purchase | 4.19% | 36 months | All states |
| Bank of America New car (dealer) | 5.64% | 60 months | Check with lender |
| U.S. Bank New or used from participating dealers | 6.81% | Up to 60 months | Some states |
| Ally New, used, refi | See lender | See lender | All states |
| Capital One New, used, refi | See lender | See lender | All states |
| Truist New, used, refi | See lender | See lender | Check with lender |
| Wells Fargo New, used, refi | See lender | See lender | Check with lender |
Used car loan rates
| Lender | Lowest APR | Term | Where |
|---|---|---|---|
| PenFed Credit Union Used car via Car Buying Service | 4.34% | 36 months | All states |
| PenFed Credit Union Used car purchase | 4.79% | 36 months | All states |
| Navy Federal Credit Union Used (purchase and refinance) | 5.09% | 12 to 36 months | All states |
| Bank of America Used car (dealer) | 5.84% | 60 months | Check with lender |
| U.S. Bank New or used from participating dealers | 6.81% | Up to 60 months | Some states |
| Ally New, used, refi | See lender | See lender | All states |
| Capital One New, used, refi | See lender | See lender | All states |
| Truist New, used, refi | See lender | See lender | Check with lender |
| Wells Fargo New, used, refi | See lender | See lender | Check with lender |
Refinance rates
| Lender | Lowest APR | Term | Where |
|---|---|---|---|
| Navy Federal Credit Union New (purchase and refinance) | 4.19% | 12 to 36 months | All states |
| PenFed Credit Union Refinance (new vehicle) | 4.19% | 36 months | All states |
| Navy Federal Credit Union Used (purchase and refinance) | 5.09% | 12 to 36 months | All states |
| U.S. Bank Refinance | 7.11% | Up to 60 months | Some states |
| Ally New, used, refi | See lender | See lender | All states |
| Capital One New, used, refi | See lender | See lender | All states |
| Truist New, used, refi | See lender | See lender | Check with lender |
| Wells Fargo New, used, refi | See lender | See lender | Check with lender |
These are the lowest rates each lender shows. You need great credit to get them. Most people get a higher rate. We have not received compensation for any link on this page. This will be updated when affiliate links are active.
How to get a lower rate
- Shorter loans have lower rates. A 36 month loan costs less in interest than 72 months.
- Credit unions often have the lowest rates. Many let anyone join.
- Get a rate from a bank or credit union before you go to the dealer. Then you can compare.
- Check your credit report first. Fix mistakes before you apply.