Michigan Auto Loans for Cars, Trucks, & SUVS
Got your eyes on something sleek and stylish? Or something simple to get you around town? Whether your vehicle tastes veer toward pulse-racing or practical, we have the best auto loan for you.
Shift your car-shopping into overdrive
With auto loan rates in Michigan well below the national average‡ of 6.90% APR new and 10.40% APR used, we can help you get the most car for your money. Turn to MSGCU for your next auto purchase—we’re your financial champion.
Competitive Michigan auto loan rates
We offer flexible terms and low rates for both new and used vehicles across the state. And we can even pre-approve your loan, giving you added negotiating power at the dealership.
- Competitive rates as low as 3.74% APR* for new and used vehicles
- Easy application with quick approval and no fees
- Repayment terms up to 84 months
| Car, Truck, or SUV Loan | |
| Term | APR* as low as |
| Model Years: 2021 & Newer | |
| 24 - 36 months | 3.74% |
| 37 - 48 months | 4.24% |
| 49 - 63 months | 4.74% |
| 64 - 75 months | 4.99% |
| 76 - 84 months | 5.24% |
| Model Years: 2016 - 2020 | |
| 24 - 36 months | 4.49% |
| 37 - 48 months | 4.99% |
| 49 - 63 months | 5.49% |
| 64 - 75 months | 5.74% |
| 76 - 84 months | 5.99% |
| Model Years: 2015 & Older | |
| 24 - 63 months | 8.24% |
Example: A loan amount of $20,000 with a rate as low as 4.74% APR for 60 months would have an approximate monthly payment of $375.80. | |
*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 84 months, depending on model year. APR may be higher, based on term of loan, credit score, collateral, and loan to value. 76-84 month loans require a minimum of $20,000 to finance. New money only. Rates are subject to change at any time. Same-day approval on most vehicle applications. Contact Member Service Representative for more details. | |
Refinance your auto loan
Here in Michigan, auto loan rates have decreased in the last year, which makes it a great time to think about refinancing. Bring us your auto loan from another lender, and we'll bring you our best rate. It's our Auto Rate Pledge to you. See how much you could save by refinancing your auto loan with MSGCU.
Protect your investement
And after you close the deal, Michigan Schools and Government Credit Union can help you protect your investment.
- GAP insurance can help pay off your loan if your vehicle is stolen and not recovered, or totaled in an accident.
- Mechanical Repair Coverage is another option for peace of mind against costly repairs.
For more information and a quote, call (866) 674-2848.
Interested in learning more about car loans? Check out this 5-minute lesson.
Didn't find what you were looking for? Search more FAQs
*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 84 months, depending on model year. APR may be higher, based on term of loan, credit score, collateral, and loan to value. New money only. Rates are subject to change at any time. Same-day approval on most vehicle applications. Review complete rates and terms.
‡Edmunds 2026: Car Loan Rates (APR) in the U.S. for Used and New Cars; https://www.edmunds.com/car-loan-apr-interest-rate
Shift your car-shopping into overdrive
With auto loan rates in Michigan well below the national average‡ of 6.90% APR new and 10.40% APR used, we can help you get the most car for your money. Turn to MSGCU for your next auto purchase—we’re your financial champion.
Competitive Michigan auto loan rates
We offer flexible terms and low rates for both new and used vehicles across the state. And we can even pre-approve your loan, giving you added negotiating power at the dealership.
- Competitive rates as low as 3.74% APR* for new and used vehicles
- Easy application with quick approval and no fees
- Repayment terms up to 84 months
| Car, Truck, or SUV Loan | |
| Term | APR* as low as |
| Model Years: 2021 & Newer | |
| 24 - 36 months | 3.74% |
| 37 - 48 months | 4.24% |
| 49 - 63 months | 4.74% |
| 64 - 75 months | 4.99% |
| 76 - 84 months | 5.24% |
| Model Years: 2016 - 2020 | |
| 24 - 36 months | 4.49% |
| 37 - 48 months | 4.99% |
| 49 - 63 months | 5.49% |
| 64 - 75 months | 5.74% |
| 76 - 84 months | 5.99% |
| Model Years: 2015 & Older | |
| 24 - 63 months | 8.24% |
Example: A loan amount of $20,000 with a rate as low as 4.74% APR for 60 months would have an approximate monthly payment of $375.80. | |
*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 84 months, depending on model year. APR may be higher, based on term of loan, credit score, collateral, and loan to value. 76-84 month loans require a minimum of $20,000 to finance. New money only. Rates are subject to change at any time. Same-day approval on most vehicle applications. Contact Member Service Representative for more details. | |
Refinance your auto loan
Here in Michigan, auto loan rates have decreased in the last year, which makes it a great time to think about refinancing. Bring us your auto loan from another lender, and we'll bring you our best rate. It's our Auto Rate Pledge to you. See how much you could save by refinancing your auto loan with MSGCU.
Protect your investement
And after you close the deal, Michigan Schools and Government Credit Union can help you protect your investment.
- GAP insurance can help pay off your loan if your vehicle is stolen and not recovered, or totaled in an accident.
- Mechanical Repair Coverage is another option for peace of mind against costly repairs.
For more information and a quote, call (866) 674-2848.
Interested in learning more about car loans? Check out this 5-minute lesson.
Didn't find what you were looking for? Search more FAQs
*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 84 months, depending on model year. APR may be higher, based on term of loan, credit score, collateral, and loan to value. New money only. Rates are subject to change at any time. Same-day approval on most vehicle applications. Review complete rates and terms.
‡Edmunds 2026: Car Loan Rates (APR) in the U.S. for Used and New Cars; https://www.edmunds.com/car-loan-apr-interest-rate
Get pre-approved before you start car shopping
Walking onto a dealership lot without a plan can quietly cost you money. Locking in an auto loan pre-approval from MSGCU before you shop gives you a clear sense of your budget and real leverage when it is time to talk numbers, all backed by quick, local lending decisions made right here in Ann Arbor. With a pre-approval ready to go, you can:
- Set a confident budget: See exactly how much you can borrow so you shop within a range that genuinely fits your finances.
- Bargain like a cash buyer: Keep the conversation centered on the vehicle’s price instead of being steered toward a monthly payment.
Auto loans for every type of vehicle
Whatever you are hoping to park in your driveway, MSGCU has an auto loan to match. Most applications qualify for same-day approval, so you spend less time waiting and more time planning your next drive. We can finance:
- Cars, Trucks & SUVs
- RVs and Campers
- Powersport and Recreational Vehicles
- Boats and Watercraft
Paying too much on your current auto loan?
If your existing vehicle loan came from another lender, there is a good chance you are spending more than you need to each month. Refinance with MSGCU through our Auto Rate Pledge Program, and you could trim your interest rate, lower your monthly payment, or reshape your loan term to better match where your budget is today.
Talk with our Ann Arbor team today
Have questions, or are you ready to apply? Our dedicated Ann Arbor team is happy to walk you through your options and review current rates and terms in detail. Reach out today, and let’s find the auto loan that fits your life and gets you on the road.