Daily Auto Loan Rates
January 13, 2026What Auto Loans Are
An auto loan is money you borrow to buy a car, paid back in fixed monthly installments over a set term. You’ll be charged interest, and there may be fees that become part of the APR—the single number that shows what you’ll really pay each year. The car acts as collateral, so keeping up with payments protects your credit and keeps the wheels turning. AutoLoanRate.com helps you compare daily APRs from lenders so you can spot value and lock in a good rate.
Tips for Getting the Best Auto Loan Rate
Market Conditions
Auto loan rates move with the broader economy. When inflation is high, lenders push APRs up to cover risk; when inflation cools, rates may ease. Daily quotes vary by lender, loan amount, vehicle type, and term. Shifts in used-car prices and supply can also influence offers and how aggressively lenders price risk.
Potential Future Outlook
Expect some rate volatility in the near term. If inflation stays under control and consumer demand steadies, dips in rates are possible. If the economy strengthens or supply challenges persist, rates may hold or tick higher. Locking a rate when you’re ready helps protect you from sudden moves while you shop for the right car.
Benefits of Auto Loans
Fast access to funds means you can buy the car you want now rather than waiting to save. Fixed monthly payments make budgeting predictable. On-time payments can boost your credit profile over time. You can choose a term that fits your cash flow, and some lenders offer autopay discounts or flexible repayment options.
FAQs
What affects auto loan rate? Your credit score, income, existing debt, loan amount, vehicle type, and chosen term all play a role.
New vs used cars? New cars may come with manufacturer-backed offers, while used cars often provide lower upfront costs. Compare offers for both to see what fits your budget.
What is pre-approval? A lender reviews your finances to give you a rate and loan amount you’re likely to qualify for before you shop.
How do I lock a rate? Ask your lender to lock; rate holds can protect you while you finalize your purchase.
What fees should I expect? Common fees include origination and documentation; some loans have prepayment or processing fees. Read the disclosures to understand the total cost.
Auto loan rates comparison table for Jan 13, 2026
|
Lender |
Est. Payment |
Starting APR |
Term |
Est. Fees |
|
Sun Trust |
$889 |
24 |
$1,336 |
||
|
Sun Trust |
$613 |
36 |
$2,068 |
||
MyAutoLoan |
$611 |
36 |
$1,996 |
||
|
Sun Trust |
$476 |
48 |
$2,848 |
||
|
Sun Trust |
$394 |
60 |
$3,640 |
||
|
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||||
|
MyAutoLoan |
$393 |
60 |
$3,580 |
||
|
Sun Trust |
$343 |
72 |
$4,696 |
||
|
MyAutoLoan |
$338 |
72 |
$4,336 |
||
|
MyAutoLoan |
$304 |
84 |
$5,536 |
||
* Default rates and fees are based on an average $20,000 loan with good credit.