AUTO RATES
Today's auto loan rates, all of them, on one page
New, used, refinance and private party rates by term, with the monthly payment on every $10,000 you borrow. No asterisk hunting and no rate you have to call to find out.
New vehicles
New auto
Current and prior model year with under 7,500 miles. The rate holds at every term we offer.
Term
APR as low as
Payment per $10,000
Up to 36 months
4.09%
$295.64
37 to 48 months
4.09%
$226.19
49 to 60 months
4.09%
$184.57
61 to 72 months
4.09%
$156.86
Rates current as of July 2026 and subject to change. Membership eligibility required. This is a demonstration website; rates, products, and figures shown are illustrative only.
Used vehicles
Used auto
We split used into two age bands. Older collateral costs a little more because it depreciates faster than the loan pays down.
2022 through 2024 model years
Term
APR as low as
Payment per $10,000
Up to 36 months
4.59%
$297.87
37 to 48 months
4.74%
$229.12
49 to 60 months
4.99%
$188.67
61 to 72 months
5.24%
$162.16
2021 model year and older
Term
APR as low as
Payment per $10,000
Up to 36 months
5.49%
$301.91
37 to 48 months
5.74%
$233.66
49 to 60 months
5.99%
$193.28
Vehicles older than the 2021 model year are limited to 60 months. Rates current as of July 2026 and subject to change.
Refinance and private party
Two situations dealers do not cover
Moving a loan you already have, or buying a car from a neighbor instead of a lot.
Auto refinance from another lender
If your current loan came from a dealer finance arm, there is a reasonable chance it carries a markup. We pay off the old lender, take over the title, and you keep driving the same car.
Term
APR as low as
Payment per $10,000
Up to 36 months
4.09%
$295.64
37 to 48 months
4.24%
$226.87
49 to 60 months
4.49%
$186.38
61 to 72 months
4.74%
$159.85
Private party purchase
Buying from an individual means no dealer handles the paperwork, so we do. We verify the title is clean, cut the draft, and file the lien for you.
Term
APR as low as
Payment per $10,000
Up to 36 months
4.89%
$299.22
37 to 48 months
5.04%
$230.47
49 to 60 months
5.29%
$190.04
61 to 72 months
5.54%
$163.57
Private party loans are limited to the lower of the purchase price or retail book value. Rates current as of July 2026 and subject to change.
Reading the table
What moves your number off the headline rate
The rates above are the floor. Three things decide whether you land on it.
Credit history
Members in our top tier get the published rate. Each tier below adds roughly half a point, and we tell you which tier you landed in.
Loan to value
Financing more than the car is worth pushes the rate up. A down payment of ten percent usually keeps you at the published tier.
Term length
On used and private party loans, every extra year of term adds to the rate. New auto is the exception and holds at 4.09% through 72 months.
Common questions
How long is a rate quote good for?
Sixty days from the date of approval. If rates drop while you are still shopping, we apply the lower one automatically at closing.
Does checking my rate hurt my credit?
No. Pre-qualification uses a soft inquiry that only you can see. A hard pull happens later, and only after you tell us to move forward.
Is there a prepayment penalty?
There is not, on any Summit auto loan. Interest is simple and calculated daily, so paying extra shortens the loan and cuts what you owe in interest.
Can I refinance a loan I just took out at the dealer?
Yes, and it is the most common refinance we do. Wait until the title has been issued to the original lender, usually three to six weeks, then apply.
What is the smallest loan you write?
$2,500. Below that a personal loan is usually the better tool because there is no title work or insurance requirement.
Do I have to be a member first?
You can apply first and join at closing. A $5 opening deposit makes you a member and part owner of the credit union.
See your actual rate, not the range
Two minutes, a soft credit check, and a real number you can take shopping.