Best advertised APRs for financing a used vehicle. Used cars represent more risk to a lender, so APRs run higher than new - but the right lender can shrink that gap.
As of October 22, 2026, the lowest advertised used car loan APR among the 12 lenders below is 4.49% from Randolph-Brooks FCU on a 60-month term. Advertised rates in this table run from 4.49% to 5.49% APR.
| Lender | Type | Min credit | Term | APR (from) | |
|---|---|---|---|---|---|
|
RB
Randolph-Brooks FCU
|
Credit Union Regional: TX |
- | 60 mo | 4.49% | Visit |
|
SE
State Employees' Credit Union
|
Credit Union Regional: NC, SC, GA, TN, VA |
- | 36 mo | 4.50% | Visit |
|
FT
First Tech Federal Credit Union
|
Credit Union | - | 65 mo | 4.99% | Visit |
|
DC
Digital Federal Credit Union
|
Credit Union | - | 65 mo | 4.99% | Visit |
|
SF
SchoolsFirst Federal Credit Union
|
Credit Union Regional: CA |
- | 60 mo | 4.99% | Visit |
|
NF
Navy Federal
|
Credit Union | 640+ | 36 mo | 5.09% | Visit |
|
AN
Andrews Federal Credit Union
|
Credit Union | - | 36 mo | 5.10% | Visit |
|
CX
Connexus Credit Union
|
Credit Union | - | 24 mo | 5.19% | Visit |
|
AM
America First Credit Union
|
Credit Union Regional: UT, NV, AZ, ID, NM |
- | 60 mo | 5.24% | Visit |
|
PA
Patelco Credit Union
|
Credit Union | - | 66 mo | 5.39% | Visit |
|
AF
Affinity Federal Credit Union
|
Credit Union | - | 36 mo | 5.45% | Visit |
|
MA
MyAutoLoan
|
Loan Marketplace | 575+ | 60 mo | 5.49% | Visit |
Best advertised APRs as of October 22, 2026. Your actual rate depends on credit, vehicle age/mileage, term, and loan amount.
Three factors compound to make used-car loans a worse deal than new-car loans from the same lender:
Net effect: expect to pay roughly half a point to a full point and a half above the equivalent new-car APR for the same lender and credit profile.
Buying from a private seller is typically cheaper than buying the same vehicle off a used-car lot - but lenders charge for the privilege. Private-party APRs run 0.5–1.0 point above dealer APRs at most lenders, and several major banks (Chase, Wells Fargo) won't finance private-party purchases at all.
Best-fit lenders for private-party used: Navy Federal, PenFed, LightStream, USAA. They charge a small premium but otherwise treat the loan like any other used-car loan.
CPO vehicles carry a manufacturer-backed inspection and an extended warranty. They cost 5–10% more than equivalent non-CPO units. From a lending perspective, you sometimes get a small APR break on CPO - manufacturers like Toyota, Honda, and BMW occasionally publish CPO-specific promo rates that beat regular used APRs by 1–2 points. Worth checking before you finance.
Most lenders won't finance a vehicle that will be older than 10 model years or have over 125,000 miles by the loan's payoff date. The math: if you're buying a 2017 with 95k miles in 2026 and want a 60-month loan, by 2031 the car is 14 model years old - a non-starter for most lenders. Either shorten the term, increase down payment, or consider a personal loan instead of an auto loan.