Auto Loan
Best Auto Loan Rates in Arizona
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Several factors influence auto loan rates in Arizona, including your credit score, loan term length, and the type of vehicle you're purchasing. This guide will walk you through the best auto loan rates in Arizona and give an idea of which lender suits you the best.
The auto loan rates in Arizona start at 3.30% for 36 months with banks. With a longer loan term, the APR also increases. There are banks like First National Bank Texas, JP Morgan Chase, credit unions, and other national institutions that provide the best auto loan rates in Arizona.
In Arizona, the lowest APR you can get from a bank is 3.30%. However, generally, the APR begins at 4.45% for 36 months. The rates increase with a longer loan term and can extend up to 7.05% for 72 months. First National Bank Texas, JP Morgan Chase, and Western Chase Bank.
| Banks | APR (36 months) | APR (48 months) | APR (60 months) | APR (72 months) |
|---|---|---|---|---|
| Arizona Financial Credit Union | 6.35% | 6.35% | 6.35% | 6.75% |
| First National Bank Texas | 4.45% | 4.45% | 4.45% | NA |
| Horizon Community Bank | 6.35% | 6.35% | 6.35% | 6.75% |
| Huntington Bancshares Incorporated | 6.81% | 6.81% | 6.81% | 7.05% |
| JP Morgan Chase | 3.30% | NA | NA | NA |
| Western Alliance Bank | 5.81% | 5.81% | 5.81% | NA |
| Western Chase Bank | 5.55% | 5.55% | 5.55% | NA |
Several credit unions in Arizona provide affordable auto loans. Membership is necessary to apply for auto loans from a credit union. The following are the credit unions that offer the best interest rates in the state. Navy Federal Credit Union, Arrowhead Credit Union, American Airlines Federal Credit Union, and PenFed Credit Union offer the best auto loan rates in Arizona.
| Company | APR (36 months) | APR (48 months) | APR (60 months) | APR (72 months) |
|---|---|---|---|---|
| Connexus Credit Union | 6.55% | 6.75% | 6.95% | NA |
| PenFed Credit Union | 5.50% | 5.60% | 5.65% | 5.95% |
| American Airlines Federal Credit Union | 5.00% | NA | 5.65% | 5.31% |
| Avenir Financial Credit Union | 5..80% | 6.05% | 6.05% | 6.30% |
| Arrowhead Credit Union | 4.80% | NA | NA | NA |
| Navy Federal Credit Union | 4.15% | 4.55% | 4.55% | 4.85% |
| Trugrocer Federal Credit Union | NA | 5.55% | 5.55% | 5.55% |
| Mountain America Federal Credit Union | 6.80% | 6.80% | 6.80% | 7.05% |
| OneAZ Credit Union | 6.20% | 5.95% | 6.15% | 6.45% |
Nationalized institutions are another option when it comes to auto loans. In Arizona, several national institutions offer the best auto loan rates. This includes Chartway Federal Credit Union, Consumer Credit Union, and Navy Federal Credit Union.
| Company | APR (36 months) | APR (48 months) | APR (60 months) | APR (72 months) |
|---|---|---|---|---|
| Connexus Credit Union | 6.55% | 6.75% | 6.95% | 7.25% |
| PenFed Credit Union | 6.85% | 5.60% | 5.65% | 5.95% |
| Chartway Federal Credit Union | 5.81% | 5.81% | 5.91% | 6.31% |
| Affinity Plus Federal Credit Union | 6.05% | 6.05% | 6.30% | 6.55% |
| Consumer Credit Union | 6.05% | 6.05% | 6.05% | 6.40% |
| Navy Federal Credit Union | 5.05% | 4.55% | 4.55% | 4.85% |
Used car loans can be expensive when they are for a longer loan term. In Arizona, First National Bank Texas, JP Morgan Chase, and Western Chase Bank offer good rates starting at 3.60%.
| Banks | APR (36 months) | APR (48 months) | APR (60 months) | APR (72 months) |
|---|---|---|---|---|
| Arizona Financial Credit Union | 6.35% | 6.35% | 6.35% | 6.75% |
| First National Bank Texas | 4.95% | 4.95% | 4.95% | NA |
| Horizon Community Bank | 6.35% | 6.35% | 6.35% | 6.75% |
| Huntington Bancshares Incorporated | 6.81% | 6.81% | 6.81% | 7.06% |
| JP Morgan Chase | 3.60% | 3.60% | 3.50% | 3.45% |
| Western Alliance Bank | 6.06% | 6.06% | 6.06% | NA |
| Western Chase Bank | 5.55% | 5.55% | 5.55% | 7.20% |
The loan rates for used cars can be a bit higher for used cars. Navy Federal Credit Union, American Airlines Federal Credit Union, and Navy Federal Credit Union offer the best car loan rates for used cars in AZ.
| Company | APR (36 months) | APR (48 months) | APR (60 months) | APR (72 months) |
|---|---|---|---|---|
| Connexus Credit Union | 6.80% | NA | NA | NA |
| PenFed Credit Union | NA | NA | NA | 7.05% |
| American Airlines Federal Credit Union | 5.00% | 5.75% | 5.75% | 6.05% |
| Avenir Financial Credit Union | 6.30% | 6.30% | 6.30% | 6.55% |
| Arrowhead Credit Union | 4.80% | NA | NA | NA |
| Navy Federal Credit Union | 5.05% | 5.55% | 5.55% | 5.65% |
| Trugrocer Federal Credit Union | NA | 5.55% | 5.55% | 5.55% |
| Mountain America Federal Credit Union | 6.80% | 6.80% | 6.80% | 7.05% |
| OneAZ Credit Union | 6.40% | 5.95% | 6.15% | 6.65% |
Various national institutions offer competitive APRs across different loan terms for used cars in Arizona, providing options for borrowers to compare and choose from. Chartway Federal Credit Union, and Navy Federal Credit Union are among the institutions offering some of the most competitive rates for a shorter 36-month term or a longer 72-month term.
| Company | APR (36 months) | APR (48 months) | APR (60 months) | APR (72 months) |
|---|---|---|---|---|
| Connexus Credit Union | 6.80% | 7.05% | 6.95% | NA |
| PenFed Credit Union | 6.85% | 6.95% | 7.00% | 7.05% |
| Chartway Federal Credit Union | 5.85% | 5.85% | 5.91% | 6.31% |
| Affinity Plus Federal Credit Union | NA | 6.30% | 6.30% | NA |
| Consumer Credit Union | 6.05% | 6.05% | 6.05% | 6.40% |
| Navy Federal Credit Union | 5.05% | 5.55% | 5.55% | 5.65% |
There are several factors you need to consider while researching your car loan rates.
The current auto loan rates in Arizona start at 3.30% for shorter terms. Certain nationalized institutions or credit unions like JP Morgan Chase offer auto loan rates in Arizona as low as 3.60%. Also, comparing offers from lenders will help you to understand the rates in the state.
For the best auto loan rates in AZ, you can opt for both banks and credit unions. First National Bank Texas, JP Morgan Chase, Western Chase Bank, Navy Federal Credit Union, Arrowhead Credit Union, American Airlines Federal Credit Union, and PenFed Credit Union are some of the credit unions that provide competitive auto loan rates in the state.
Banks such as First National Bank Texas, JP Morgan Chase, and Western Chase Bank, along with credit unions like Arrowhead Credit Union, American Airlines Federal Credit Union, and PenFed Credit Union, as well as national institutions like Chartway Federal Credit Union, offer some of the best car loan rates in Arizona.
If you have an excellent credit score, then the best rates for auto loans start at 3.30% in the state.
Your location, your credit history, and your down payment amount will influence the loan rates. In Arizona, First National Bank Texas, JP Morgan Chase, and Western Chase Bank offer competitive rates.
Navy Federal Credit Union, Arrowhead Credit Union, American Airlines Federal Credit Union, and PenFed Credit Union are the credit unions that provide the best auto loan rates in Arizona.
The lowest auto loan interest rate for used cars starts at 3.45% for 72 months, offered by JP Morgan Chase Bank.