Car loans are cheap throughout the country. In fact, the average 48-month new-car loan is currently at 4.04 percent. And there are several lenders offering even better rates. So it’s important to shop around thoroughly for the best deals in Illinois. Use our research to find the lowest auto loan rates in Chicago, IL, today.

It’s always a good plan to create a budget before you purchase a vehicle. But make sure to budget for the total cost of owning a vehicle, not just the monthly payment. That means taking maintenance, fuel and insurance costs into consideration. Use our research to find the best auto loan rates in Chicago, IL.

Auto loan rates in Chicago, Illinois

Here are the auto loan rates in Chicago, IL, as of 10:00 a.m. The 48-month new-car loan rates vary from 1.49 percent to 7.25 percent.

Lenders Product Rates
Northern Trust Co 48-month new car 7.25%
Bank of America 48-month new car 3.14%
First Savings Bank of Hegewisch 48-month new car 3.25%
Chase Bank 48-month new car 3.28%
BMO Harris Bank, N.A. 48-month new car 3.99%
Great Lakes Credit Union 48-month new car 3.74%

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