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.
|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.