Auto Loan Terms: Why a Lower Payment Can Cost You More Overall
The tradeoff between monthly payment size and total interest paid over time.
| Provider | APR Range (New) | APR Range (Used) | Best For | |
|---|---|---|---|---|
| Driveline Auto Finance | 5.49%–12.99% | 6.49%–15.99% | New car purchases Editor's Pick | View Offer |
| Roadster Credit Union | 5.25%–11.50% | 6.25%–14.50% | Credit union members | View Offer |
| Carbridge Lending | 5.99%–14.99% | 7.25%–18.99% | Fast online approval | View Offer |
Rates vary by credit score, loan term, and vehicle age. Sample rates shown as of June 2026.
The tradeoff between monthly payment size and total interest paid over time.
Why walking in pre-approved changes your negotiating position at the dealership.
The risk-based reasons used auto loans carry higher rates than new ones.
Why this coverage matters most in the first years of an upside-down loan.
Why some borrowers owe more than the car is worth, and the path back to even.
See the total cost difference between two APRs over the life of the loan.
Run the True APR Calculator