Auto Loans $5,000 to $80,000
Cars & Trucks
Auto loans are financial products designed to help individuals purchase a new or used vehicle. In these arrangements, the vehicle being purchased acts as collateral for the loan, meaning that the lender has a legal interest in the car until the loan is fully repaid. Below are the key loan components to a vehicle.
Principal: The total amount borrowed to cover the car's price minus your down payment.
APR (Annual Percentage Rate): The total yearly cost of the loan, including both interest and lender fees.
Loan Term: The duration of the loan, typically ranging from 36 to 84 months.
Shorter terms (36 months) have higher monthly payments but lower total interest costs.
Longer terms (72–84 months) lower monthly payments but increase the total interest paid overtime.
New Auto Loan Rates (March 2026)
Super Prime (781-850): ~4.66% – 4.88%
Prime (661-780): ~6.27% – 6.51%
Nonprime (601-660): ~9.57% – 9.77%
Subprime (501-600): ~13.17% – 13.34%
Used Auto Loan Rates (March 2026)
Super Prime (781-850): ~7.43% – 7.70%
Prime (661-780): ~9.65% – 9.98%
Nonprime (601-660): ~14.11% – 14.49%
Subprime (501-600): ~19.00% – 19.42%