What are current used car loan rates for excellent credit?
Used car loan rates for excellent credit start at 4.79% APR for 12-36 months. Navy Federal Credit Union offers this top rate. For your 2021 BMW M3 with a FICO score above 760, rates range from 4.8% to 6.0% APR.
Credit unions lead with the lowest rates for top scores. Navy Federal sets the bar at 5.29% APR for 37-60 months and 5.39% APR for 61-72 months. California Coast Credit Union gives 5.68% APR for 2016 or newer models up to 75 months. LAPFCU offers 4.74% fixed APR for 60 months if your FICO hits 760 or higher. Bankrate shows 4.64% APR for 36-month terms with excellent credit. Newer used cars like your BMW M3 qualify for better rates than older ones.
Lenders give low rates to low-risk buyers. A FICO score of 760 or higher unlocks these prime offers. Your exact rate depends on loan term, vehicle age, income, and debt.
Compare Rates by Loan Term
| Term | Lowest APR (Excellent Credit) | Lender Example |
|---|---|---|
| 12-36 months | 4.79% | Navy Federal |
| 37-60 months | 5.29% | Navy Federal |
| 61-72 months | 5.39% | Navy Federal |
| Up to 84 months | 5.99% | PFCU |
Longer terms increase your APR. They cut monthly payments. Choose shorter terms to save on interest if you can handle higher payments.
Tips to Get the Lowest Rate
- Check your credit score now. Fix errors before you apply.
- Shop 3 to 5 lenders. Credit unions beat big banks most times.
- Get preapproved first. Dealers take preapprovals seriously.
- Put down 10% to 20% on your BMW M3. This lowers your loan amount.
- Look for dealers with rate discounts.
Rates shift fast. This data comes from January 2026 quotes. Your rate will match your details.
Sidekick helps you compare total costs for your 2021 BMW M3, from loans to insurance and maintenance.