Auto Loan Rates in Phoenix
Compare new and used car loan rates from credit unions serving Phoenix, Arizona. Today's best new car rate: 3.99% APR. No dealer markup, no paid ranking.
Phoenix credit union auto loan rates range from 3.99% to 18.00% APR for new cars, and from 4.95% APR for used cars. Based on 24 credit unions serving Arizona, updated August 2026.
Source: RateAPI.dev
Best Credit Union Auto Loan Rates for Phoenix Borrowers
Ranked by lowest APR. Based on a $35,000 loan over 60 months.
| Credit Union | Rate | APR | Est. Payment | |
|---|---|---|---|---|
Coconino Credit Union New Auto Loan | 4.49% | 4.49% | $652/mo | Visit Site |
Coconino Credit Union Vehicles- New & Used (36 - 60 Months) | 4.99% | 4.99% | $660/mo | Visit Site |
Banner Credit Union Find the perfect AUTO LOAN | 4.99% | 4.99% | $660/mo | Visit Site |
Alhambra Credit Union 60-Month Auto Loan | 4.99% | 4.99% | $660/mo | Visit Site |
Landings Credit Union Auto Loan | 4.99% | 4.99% | $660/mo | Visit Site |
New vs Used Car Loan Rates in Phoenix
How to Get the Best Auto Loan Rate in Phoenix
Credit unions serving Phoenix are member-owned non-profits, which is why they routinely undercut dealer financing. Here is how to qualify for the lowest rate:
Get Pre-Approved First
Walk into the Phoenix dealership with a credit union approval in hand. It converts the rate conversation into a number the dealer has to beat, rather than one they set.
Check Your Credit Score
Scores above 720 qualify for the lowest Arizona credit union rates. Most accept 620 and up, at a higher APR.
Keep the Term Short
A 48–60 month loan carries a lower APR than 72–84 months, and far less total interest. Longer terms also risk leaving you underwater on a depreciating car.
Confirm Membership Eligibility
Many Arizona credit unions accept anyone who lives or works in the Phoenix area. Joining is usually a one-time step with a small deposit.
Shop Within 14 Days
Auto loan inquiries made inside a 14-day window count as a single hard pull, so you can compare several Phoenix lenders without stacking credit damage.
Credit Unions Based in Phoenix
6 credit unions are headquartered in Phoenix. Local membership is often the easiest to qualify for — many accept anyone who lives or works in the area.
Frequently Asked Questions
Common questions about auto loan rates in Phoenix
As of August 2026, new car loan rates from credit unions serving Phoenix range from 3.99% to 18.00% APR, with a median of 6.12%. These figures cover 24 lenders across Arizona, since credit unions serving Phoenix generally price statewide rather than by city.
The lowest used car loan rate available to Phoenix borrowers is 4.95% APR at Oneaz, as of August 2026. Used car rates typically run 0.5–2% above new car rates because the collateral depreciates faster.
Generally yes. Credit unions serving Phoenix typically price 1–3% below dealer financing, because dealers commonly mark up the buy rate as a commission. Getting pre-approved before you visit a Phoenix dealership gives you both a negotiating baseline and a rate to beat.
Usually. Many Arizona credit unions accept anyone who lives, works, worships, or attends school in the county or region — and some are open to anyone in the state. Membership is generally a one-time step with a small deposit, and it is what unlocks the rates shown above.
For the lowest advertised rates in Phoenix, aim for a credit score of 720 or higher. Scores of 680–719 still qualify for competitive credit union rates, 620–679 will see higher APRs, and below 620 you may need a co-signer or a secured loan.
Auto Loan Rates in Other Arizona Cities
Auto Loan Rates by State
Build With RateAPI
Access real-time auto loan rate data from credit unions across Arizona via our REST API. Perfect for car-buying platforms, fintech apps, and AI agents.