Vehicles are one of the biggest purchases you’ll make, and your next used car is no exception. To save money and fit a monthly payment into your budget, you will need to find used auto loan rates that are as affordable as possible.

At Arbor Financial Credit Union, we find the perfect intersection of affordability, utility, and usability. With rates starting as low as 1.49% , we’ll help you hit the road in style and affordability in no time.

Used Auto Loan Rates

Product/th> Term APR as low as*
2021-2020 Up to 36 months 1.49%
37 - 48 months 1.74%
49 - 60 months 2.49%
61 - 72 months (Call for details) 2.99%
73 - 84 months (Call for details) 3.49%
85 - 96 Months (Call for details)* 4.49%
2019-2014 Up to 36 months 1.49%
37 - 48 months 1.74%
49 - 60 months 2.49%
61 - 72 months (Call for details) 2.99%
73 - 84 months (Call for details) 3.74%
85 - 96 months (Call for details)* 4.49%
*Annual Percentage Rate (APR). Rates disclosed are the lowest rates available and are determined by your credit score at the time of application. Rates subject to change.

**85 - 96 month term is available to borrowers with a maximum vehicle age of two years, with a minimum loan amount of $45,000, and with qualifying credit. Call for details.​

What Is A Used Auto Loan Rate?

Anytime you take out a loan, you are required to pay back a “convenience” fee for the privilege of borrowing funds. These fees are commonly referred to as interest rates or APR. Interest rates are the costs associated with your vehicle principal, while APR rates consider all costs, including taxes, titles, and fees.

The APR rate you establish for your used auto loan will impact your monthly payments. The higher your rate, the more you will owe.

Used Auto Loan #1

Total Loan Payment: $23,210
APR: 3.11%
Total Cost of Monthly Payment: $328.10

Used Auto Loan #2

Total Loan Payment: $23,210
APR: 5.54%
Total Cost of Monthly Payment: $348.17

Ensure that you are spending time researching rates that will fit your monthly budget.

Factors Impacting Used Auto Loan Rates

Your used auto loan may cost less than a new car, but you may still find yourself paying big if these points are not considered. The following factors will either make or break your monthly payments.

Credit Scores & History

Your credit score will significantly impact your ability to finance a used vehicle. Prime credit scores (usually 620+) allow you to access better rates. Lower or subprime scores will limit your options.

Used Auto Loan Term

Choosing shorter terms for your next used auto loan may cost more upfront, but will save significantly more in interest payments over time. Longer terms are more affordable per month, but not necessarily as cost-efficient in the long run.

Used Auto Loan Lender

Getting a used auto loan from a commercial bank usually entails higher fees and profit-based interest rates. At Arbor Financial Credit Union, our non-for-profit institution can offer you the lowest possible rates.

Get Competitive Used Auto Loan Rates Now!

A new-to-you vehicle may be just around the corner, and if you haven’t yet found affordable financing, now is the perfect time to do so.

Secure your used vehicle by calling, chatting, or visiting with an Arbor Financial Credit Union loan officer to apply for auto loan pre-approval today.

Learn More About Used Auto Loans


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