Get great auto loan rates for new & used cars
Auto Loan Rates
Current vehicle loan rates
Check the latest interest rates for auto loans.
| Auto loans | Term | APR* | |
|---|---|---|---|
| Includes cars, pickup trucks, SUVs, etc. | New | 60 Month (5-year) | % |
| 72 Month (6-year) | % | ||
| 1-3 years old | 60 Month (5-year) | % | |
| 4-5 years old | 48 Month (5-year) | % | |
| 6-7 years old | 36 Month (3-year) | % | |
| 8+ years old | 36 Month (3-year) | % |
| Recreational vehicles | Term | APR* | |
|---|---|---|---|
| Small RV/ATV Includes ATVs, side-by-sides, motorcycles, dirt bikes, jet skis, snowmobiles, etc. | 60 month (5-year) | % | |
| 72 month (6-year) | % | ||
| Large RV Includes RVs, campers, toy haulers, trailers, etc. | New | 120 month (10-year) | % |
| 144 month (12-year) | % | ||
| 180 month (15-year) | % | ||
| Used | 144 month (12-year) | % | |
| Boat loan | 180 month (15-year) | % | |
Get the car you want with Mountain America’s help
Finance your car purchase with an auto loan from Mountain America Credit Union. Lock in a great loan rate on a new or used vehicle to quickly and easily find your next ride.
Mountain America auto loan features:
- Fixed auto loan interest rates as low as % APR¹ with MyStyle® Checking discount
- No application fees
- Terms up to six years²
- Onsite financing—tell the dealership you want Mountain America financing
- Auto loan refinancing available
Need to calculate your car payment?
Estimate your monthly payment with our auto loan calculator. View car loan rates for new and used vehicles, and calculate possible payment options based on the term and how much you need to borrow.
Calculate your paymentNeed to refinance your car?
Get a better interest rate on your car loan or a smaller monthly payment by refinancing with Mountain America. Learn more about our interest rates on new or used vehicles and see if refinancing is the right option for you.
RefinanceAuto loan rates FAQs
How do you determine the interest rate on my auto loan?
To calculate interest rates on car loans, we look at a few financial factors and the vehicle you are considering buying.
- Credit score—Generally, you can get a lower interest rate on your auto loan if you have a higher credit score.
- Debt-to-income ratio—These numbers determine your ability to repay your loan. A higher debt balance could affect the auto loan rate you qualify for.
- Down payment and loan amount—When you put a down payment toward your auto purchase, it reduces how much money you have to borrow. This also increases the likelihood of getting a lower interest rate.
- Age of the vehicle—Used car loan rates tend to be higher than new car loan rates since older or pre-used vehicles have more wear and tear and lose their value faster. If you are looking for lower auto loan rates, consider purchasing a new car. Keep in mind, however, that new vehicles will usually have a higher purchase price than used vehicles.
- Length of the loan—Selecting a shorter term on your auto loan may help you get a lower interest rate and will help you pay off your loan faster.
How are auto loan rates determined?
The federal government sets the benchmark for auto loan interest rates based on the current market, the time of year and other economic factors.
What is the difference between new and used car interest rates?
Even with an excellent credit score, car loan rates for used vehicles may be higher due to the assumed risk of added maintenance issues or lower safety standards. While a used car typically costs less, it also has a lower overall value than a new car.
What credit score do you need to get a car loan?
A credit score of at least 600 is often required to qualify for an auto loan. However, some lenders may have lower or higher credit score requirements.
Are interest rates different for EV cars?
EV loans are known as green auto loans and usually have lower interest rates than conventional auto loans. Additionally, since EV cars are more expensive, these auto loans may have longer repayment terms to help offset the higher purchase price.
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