vehicle loan interest rate 2023 Best auto loan rates 

Navy Federal Credit Union’s advertised auto loan APR could go even lower. Active duty, senior enlisted (E-7 through E-9) receive a 1% APR discount

while all active-duty and retired military members qualify for a 0.25 percentage-point discount.

Navy Federal doesn’t publish a minimum credit score requirement or a range of loan amounts. It also has strict eligibility requirements. You must have ties to the U.S. military to join.

Navy Federal Credit Union loan detailsAPRFrom 4.54%Min. credit scoreUnspecifiedLoan term36 to 96 monthsLoan amountUnspecified

PenFed Credit Union: Best auto loan rates for a car-buying service

With the rate reduction from using the car-buying service, PenFed’s auto loan rate is pretty attractive. You can use a PenFed auto loan to purchase a vehicle independently,

APR4.44% APR for vehicles purchased through PenFed’s car-buying service. 5.24% APR for cars purchased independently

Min. credit scoreNot specifiedLoan term36–84 monthsLoan amount$500–$100,000