What are current used car loan rates for good credit?
Used car loan rates for good credit average 9% to 12% APR in January 2026. Good credit means scores from 670 to 739. You get 11.75% APR on average in this range. Credit unions beat bank rates. They start at 4.79% APR.
Rates by Lender
Digital Federal Credit Union offers 4.99% APR for used cars. You qualify with good credit. Navy Federal Credit Union starts at 4.79% APR for terms of 12 to 36 months. Community First Credit Union gives 5.39% APR for 2019 to 2024 used cars up to 54 months.
For a 2021 BMW M3 near zip code 19308, rates fit this range. Your exact rate depends on loan term, mileage, and down payment. Take a 60-month loan at 11% APR on $40,000. It adds $7,200 in interest. Short terms cut costs.
| Credit Score | Average Used Car APR |
|---|---|
| Good (670-739) | 11.75% |
| Very Good (740-799) | 8.33% |
| Excellent (800+) | 8.93% |
Factors That Affect Your Rate
Lenders check your credit score first. Good scores keep rates low. Vehicle age matters. Your 2021 BMW M3 qualifies as recent used. It gets better rates than cars over five years old. Loan term changes rates. Pick 36 to 60 months for the lowest APR.
Your spot near 19308 in Pennsylvania gives access to national lenders and local credit unions. Military members get discounts at Navy Federal.
Tips to Get the Lowest Rate
- Get preapproved from three lenders before you shop. This locks your rate and stops dealer add-ons.
- Check credit unions like DCU or Navy Federal. Join them in minutes if needed.
- Put down 10% to 20% on your BMW M3. This drops your rate by 0.5% to 1%.
- Use online tools to compare all options.
Sidekick helps you calculate total costs for your 2021 BMW M3. Enter zip 19308 to view loan payments and more.
Shop now. Rates change weekly. Grab a low rate before it rises. Short terms save thousands if you handle higher payments.