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Old cars can be a major hassle. If you're in the market for a new vehicle, there's no better time than now. Paying cash for a car is always the best financial plan, but auto loan rates in Detroit, MI, and across the country continue to remain low. Some institutions are still posting higher rates, but many banks are offering yields well under the national average.
Even though you may love vintage cars, it's vital to have a car that you can rely on in the clutch. Before you settle for just any loan, shop around for auto loan rates in Detroit, MI. Bankrate.com surveys and updates rates throughout the day in your area of Michigan.
Auto loan rates in Detroit, MI
Here are the 60-month auto loan rates as of 2 p.m. in Detroit, MI.
| Lenders | Product | Rates |
| Chase Bank | 60-mo. new car | 4.29% |
| Bank of America | 60-mo. new car | 2.89% |
| Northern Trust Bank, FSB | 60-mo. new car | 7.50% |
Use Bankrate's auto loan calculator to check what your monthly car payment could be.
