All three lenders in this survey are offering better-than-average rates on 48-month new-car loans. The national average for that term is currently just 4.05 percent. Our research can help you look for the lowest auto loan rates in Memphis, TN, today.

In order to qualify for the best rates, you’ll need excellent credit. One way to get your credit in tip-top shape is to check your credit report for errors. Fixing errors on your report may give your score a boost.

Use our tools to shop for the best auto loan rates in Memphis, TN, and in other areas of Tennessee.

Auto loan rates in Memphis, Tennessee

Here are the 48-month new-auto loan rates in Memphis, TN, as of 10 a.m. on Wednesday.

Lender Product Rate
PenFed 48-month new car 1.99%
SunTrust Bank 48-month new car 3.44%
LightStream 48-month new car 2.19%

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