Where can I find the best car loan rates right now?

I have a credit score over 800, but Navy Federal is offering me 9.89%, which seems high. I’m looking to shop around for better options.

The best rates usually come from manufacturer financing deals. A lot of brands are offering 0-1.99% on certain models.

MegWhitgal said:
The best rates usually come from manufacturer financing deals. A lot of brands are offering 0-1.99% on certain models.

Yeah, Mazda has 0.9% on a lot of their models right now.

@Lei
I got a Mazda at 0% at the end of 2023. Great car and a great deal.

MegWhitgal said:
The best rates usually come from manufacturer financing deals. A lot of brands are offering 0-1.99% on certain models.

Volvo keeps sending me mail about 0% financing on some new and certified pre-owned models.

I just refinanced at 3.99% for 36-60 months at my credit union. They also have 4.99% for 72-84 months.

Barbara said:
I just refinanced at 3.99% for 36-60 months at my credit union. They also have 4.99% for 72-84 months.

Which credit union is that?

Merlin said:

Barbara said:
I just refinanced at 3.99% for 36-60 months at my credit union. They also have 4.99% for 72-84 months.

Which credit union is that?

First Florida Credit Union. They sent me a mailer since I had a previous auto loan with them, so it might not be available to everyone.

Check credit unions. I got 6% from Credit Human recently. PenFed is offering below 6% for new cars.

Mia said:
Check credit unions. I got 6% from Credit Human recently. PenFed is offering below 6% for new cars.

Navy Federal is a credit union, but they don’t always have the best rates. If you qualify for USAA, they usually have better deals.

@Monty
Navy Federal’s auto loan rates have always been high for me. A few years ago, they offered me 12%, while Capital One gave me 3%. I’ve never had luck with them.

MissNicklaus said:
@Monty
Navy Federal’s auto loan rates have always been high for me. A few years ago, they offered me 12%, while Capital One gave me 3%. I’ve never had luck with them.

Right now, Navy Federal has 4.49% for new cars up to 60 months and 5.49% for used cars. I got their best rate last year, but they seem to raise rates quickly based on risk levels.

MissNicklaus said:
@Monty
Navy Federal’s auto loan rates have always been high for me. A few years ago, they offered me 12%, while Capital One gave me 3%. I’ve never had luck with them.

I just refinanced with Navy Federal at 4.09%. Worth checking what they actually offer you.

Mia said:
Check credit unions. I got 6% from Credit Human recently. PenFed is offering below 6% for new cars.

A lot of manufacturers are offering 0% financing if you go through them.

Mia said:
Check credit unions. I got 6% from Credit Human recently. PenFed is offering below 6% for new cars.

Ford gave me 1.9% recently.

USAA is offering me 4% for a 2024-2025 model.

Flynn said:
USAA is offering me 4% for a 2024-2025 model.

4% on a new car isn’t great right now. Most manufacturers are offering lower rates.

Akira said:

Flynn said:
USAA is offering me 4% for a 2024-2025 model.

4% on a new car isn’t great right now. Most manufacturers are offering lower rates.

I’m shopping for a car next week, so I’ll check dealer offers too. Thanks for the info.

Just financed a 2025 Chevy Malibu at 1.9% through GM Financial.

If you’re seeing anything around 6%, that’s a decent deal right now without manufacturer incentives.