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Auto loan rates in Detroit, Michigan

By Mitch Strohm · Bankrate.com
Tuesday, December 10, 2013
Posted: 3 pm ET

Need to finance a new vehicle in Michigan? It's a good time to shop. Rates are low throughout the country. In fact, the average 48-month new-car loan is currently at 3.95 percent. Use our research to shop for auto loan rates in Detroit, MI.

One lender in this survey recently has been offering 1.99 percent. But the conditions and fees of each institution vary, making it important to compare loans before you settle on a lender. You can use our tools to shop for the best auto loan rates in Detroit, MI, today.


Auto loan rates in Detroit, Michigan

Here are the auto loan rates in Detroit, MI, as of 10 a.m. on Tuesday. The 48-month new-car loan rates vary from 1.99 percent to 7.15 percent.

Lender Product Rate
Pentagon Federal Credit Union 48-month new car 1.99%
Chase Bank 48-month new car 3.08%
First Place Bank 48-month new car 7.15%
LightStream 48-month new car 1.99%
PNC Bank, NA 48-month new car 2.34%

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

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