States with the Highest and Lowest Auto Loan Rates (Infographic)

Posted in Auto Loans , Infographics • August 19, 2013

We recently performed a study of all the auto loan ratesoffered on new car loans throughout the U.S., averaging them by state to find out where it’s cheapest (and most expensive) to finance. Take a look at the map below to find out how your state compares to the rest of the nation.

See comprehensive breakdown and analysis:

10 Best States for Financing a New Car

10 Worst States for Financing a New Car

(click the thumbnail for a full version)new car loan rates

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Rank: City, Average New Car Loan Rate (APR)

1: St. Louis, 2.95
2: Detroit, 3.20
3: Pittsburgh, 3.20
4: Los Angeles, 3.25
5: Philadelphia, 3.26
6: Baltimore: 3.28
7: Louisville, 3.34
8: Seattle, 3.36
9: New York, 3.39
10: Cincinnati, 3.40
11: Portland, 3.43
12: Norfolk, 3.43
13: Lexington, 3.49
14: Jersey City, 3.49
15: Newark, 3.49
16: Indianapolis, 3.51
17: Chicago, 3.54
18: Las Vegas, 3.56
19: Hialeah, 3.58
20: Saint Paul, 3.59
21: Boston, 3.61
22: San Bernardino, 3.64
23: Minneapolis, 3.65
24: Atlanta, 3.66
25: Sacramento, 3.67
26: Kansas City, 3.67
27: Chesapeake, 3.67
28: Nashville, 3.68
29: Washington, 3.69
30: Virginia Beach, 3.70
31: Boise, 3.70
32: Chula Vista, 3.73
33: San Diego, 3.74
34: Garland, 3.75
35: Orlando, 3.75
36: Cleveland, 3.75
37: Long Beach, 3.75
38: Milwaukee, 3.76
39: Irving, 3.77
40: Fresno, 3.78
41: Columbus, 3.78
42: Tampa, 3.78
43: Las Vegas, 3.78
44: Memphis, 3.79
45: Santa Ana, 3.79
46: Los Angeles, 3.80
47: Glendale, 3.80
48: Jacksonville, 3.82
49: Bakersfield, 3.83
50: Anaheim, 3.84
51: Fort Wayne, 3.84
52: Miami, 3.86
53: San Francisco, 3.86
54: Reno, 3.86
55: Henderson, 3.89
56: Arlington, 3.90
57: Oklahoma City, 3.91
58: St. Petersburg, 3.92
59: Anchorage, 3.93
60: Charlotte, 3.93
61: Houston, 3.94
62: Birmingham, 3.95
63: Colorado Springs, 3.95
64: San Jose, 3.96
65: Denver, 3.97
66: Dallas, 3.97
67: Lincoln, 3.98
68: Phoenix, 4.00
69: Durham, 4.01
70: Greensboro, 4.01
71: Scottsdale, 4.02
72: Mesa, 4.02
73: Oakland, 4.03
74: Austin, 4.04
75: Toledo, 4.05
76: Plano, 4.05
77: Baton Rouge, 4.05
78: Madison, 4.05
79: Tulsa, 4.06
80: Raleigh, 4.06
81: Irvine, 4.07
82: Aurora, 4.08
83: El Paso, 4.08
84: Omaha, 4.08
85: North Las Vegas, 4.09
86: San Antonio, 4.12
87: Chandler, 4.14
88: Lubbock, 4.17
89: Gilbert, 4.17
90: Tucson, 4.19
91: Wichita, 4.21
92: Fort Worth, 4.24
93: Corpus Christi, 4.30
94: Albuquerque, 4.34
95: Riverside, 4.40
96: Stockton, 4.69
97: Fremont, 4.76
98: New Orleans, 4.85
99: Buffalo, 4.88
100: Laredo, 5.25

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Best Auto Loan Rates

Institution
Best Rate (APY)
SCE Federal Credit Union
0.75%
1 Year New Auto Loan
Nymeo FCU
0.99%
1 Year New Auto Loan
Self Reliance FCU
0.99%
2 Year New Auto Loan
Rates are current up to 30 days, verify rate through institution site. Data compiled from the GoBankingRates.com interest rate database and Informa Research Services, Inc. The accuracy cannot be guaranteed.
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