Enter your vehicle details for a true cost breakdown and lenders matched to your credit profile.
Generated · ratecompas.com
Example lender profiles matched to your credit tier. We'll show real partner offers here as they become available.
Rate ranges reflect typical market data; see our methodology for sources.
Rates shown are illustrative ranges for the selected credit profile as of 2026. Actual rates depend on your full application, vehicle age, and lender criteria. This is not financial advice.
This analysis is based on the figures you entered and is for informational purposes only. Rate ranges are illustrative. RateCompas is not a lender, broker, credit counselor, or financial advisor, and may receive compensation from lenders featured on our site. Consult a licensed professional before making borrowing decisions.
Average auto loan APRs in 2026 range from about 5-7% for excellent credit (740+), 8-11% for good credit (670-739), 13-17% for fair credit (580-669), and 18-22%+ for poor credit. Credit unions typically offer the lowest rates regardless of credit tier.
Longer auto loan terms significantly increase total interest paid and raise the risk of being underwater — owing more than the car is worth. Most financial experts recommend keeping auto loan terms at 60 months or less. Use the payoff accelerator to see the cost of longer terms.
Get pre-approved from a credit union or bank before visiting the dealer. This gives you a benchmark rate and strong negotiating position. Dealer financing sometimes beats credit union rates through manufacturer incentives, but often it carries a markup.
A down payment of 10-20% of the vehicle price is typical for used cars; 20% is standard for new. A larger down payment reduces total interest, avoids being underwater on the loan, and may qualify you for a better APR.
Trade-in value is applied as part of your total down payment, reducing the amount you need to finance. If you owe more on your current car than it's worth, that negative equity gets rolled into the new loan, which significantly increases your total financed amount.
The calculator uses the standard auto loan amortization formula: loan amount (vehicle price minus down payment minus trade-in), APR, and loan term. Your actual payment will also depend on sales tax, title, and registration fees, which vary by state.