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Auto loan rates in Detroit, MI, and throughout the nation have dropped again this week. The average 60-month auto loan rates fell to 5.41 percent this week from 5.45 percent. Auto loan rates have been low across the country and are still falling, making it an ideal time for those in the market.
It's crucial to shop around when looking for a loan to find the best deal. Make sure to check your local credit union, bank and online. Search for auto loan rates in Detroit, MI, or in your area of Michigan.
Auto loan rates in Detroit, Michigan
Here are the auto loan rates in Detroit, MI, as of 12:00 p.m. The 60-month new car loan rates vary from 2.49 percent to 7.5 percent.
| Lenders | Product | Rates |
| PNC Bank, NA | 60-month new car | 3.5% |
| Chase Bank | 60-month new car | 3.59% |
| Fifth Third Bank | 60-month new car | 3.17% |
| First Place Bank | 60-month new car | 7.5% |
| Pentagon Federal Credit Union | 60-month new car | 2.49% |
Use our auto loan calculator to check your monthly car payment.
