Michigan Auto Loans

When you are ready to finance a new or used car in Michigan, there are just a few simple step you'll need to take in order to ensure you are getting the best auto loan rate out there. First, gather some basic financial information. Use an auto loan calculator to determine how much you want spend each month on your car. When you are determining what you can afford to pay, you'll want to take into consideration the current auto loan rates for your area. Current auto loan rates in Michigan for new cars are about 6.9% and about 8.09% for used car loans. To get the best auto loan rate in Michigan, you'll want to compare several different lenders.

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Auto Lenders & Loan Types in Michigan (MI)

Here is a sampling of possible lenders in Michigan:

Dearborn Financial
Chase
Credit Union ONE
Capital One Auto Finance
CitiFinancial Auto
Huntington Bank
National City
Fifth Third Bank
CitiFinancial Auto

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There is a wide variety of loans that are available. Whether you have bad credit, good credit, or no credit, there is a loan that will fit your needs perfectly.

Some of the types of loans you may qualify for in Michigan include:

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Financing Auto Loans in Michigan (MI)

If you already have an auto loan, you may be interested in refinancing your current auto loan. If you're financial or credit situation has changed, it's possible that refinancing your current loan could save you money or even shorten the term of your existing loan. The best way to know for certain that you are getting the best auto loan rate is to research different lenders and plans.

Michigan State Auto Loan Information

If you have questions about Michigan's auto lending regulations or would like more information on purchasing a new or used car, you can visit:

Michigan Department of State
Lansing, MI 48918

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Current Rates

APR

36 month new car: 60 month new car: 72 month new car: 36 month used car: 60 month used car: 72 month used car: Refinance car loan: Lease buyout:	6.15% 6.27% 6.71% 6.62% 6.77% 7.38% 7.22% 8.38%
Updated: 06/14/2007
Source: Uehara Index

* Auto Loan Center is not an auto loan lender or broker, but provides information about auto loan products and lenders. Not all products and services are available in all states.