Looking for a car loan in Michigan? Car loan rates are low right now. The national average 48-month new-car loan is currently at 4.05 percent. Our research can help you find the best auto loan rates in Detroit, MI.

Overall, six lenders in this survey are offering rates lower than the national average. And two lenders in this survey are offering 1.99 percent. But it’s important to compare the conditions and fees for each loan before you settle on a lender.

Use our research to find auto loan rates in Detroit, MI, today.

Auto loan rates in Detroit, Michigan

Here are the auto loan rates in Detroit, MI, as of 5:30 p.m. on Thursday. The 48-month new-car loan rates vary from 1.99 percent to 10.88 percent.

Lender Product Rate
PenFed 48-month new car 1.99%
Chase Bank 48-month new car 2.83%
Comerica Bank 48-month new car 3.99%
LightStream 48-month new car 1.99%
PNC Bank, NA 48-month new car 2.49%
Citizens Community Federal 48-month new car 4.5%
Dearborn Federal Savings Bank 48-month new car 10.88%
Flagstar Bank 48-month new car 3.74%

Use our auto loan calculator to check your monthly car payment.