Compare New and Used Car Loan Rates in Santa Fe, NM

Apply through myAutoloan and compare up to four New Mexico lenders in minutes! We make it easy to find the best auto loan rate, whether you're purchasing from a nearby Santa Fe dealership or refinancing an existing loan. Apply now and see today's lowest rates!

Three things to know…

Today's Interest Rates

  • Check out today's lowest rates for all loan types.

  • SEE RATES

Your Estimated Rate

  • Check your rate in seconds. No credit check. Find out before you apply.

  • See Estimator

Your Payment

  • Now that you know your interest rate, see how much you could afford.

  • See Calculator

More Information

What Determines Your Auto Loan Rate in Santa Fe, NM?

A handful of factors impact your New Mexico auto loan rate, Including your credit score, your income, the amount of the loan, the age of the car, the down payment, and your loan's term (the length of the loan). A high debt-to-income ratio, poor credit score, or choosing an older vehicle at your Santa Fe dealership might lead to a higher interest rate. But why worry about a high interest rate? The higher your interest rate is, the higher your monthly bill is and the more you spend over the term of your loan. A difference of one or two percent might not seem like much, but it could mean spending hundreds more on interest.

How Can I Get a Lower Car Loan Rate in Santa Fe, NM?

You can use tools like our Interest Rate Estimator to get a feel for what your rate might look like before you complete an application for a car loan in Santa Fe, NM. If you've put in your information and don't like the percentage you see, how can you lower?

The loan term is one aspect you have a lot of control over. Most Santa Fe car loans have terms in 12-month intervals ranging from 24 months (2 years) to 84 months (7 years). Many borrowers take longer terms because they usually have a lower monthly payment. However, longer terms also tend to come with higher interest rates. If you can afford a bigger monthly payment, it's better to choose a shorter term. The Auto Payment Calculator shows what your monthly payment might be based on different interest rates and terms to help you figure out what you might be able to afford.

If your credit is less than stellar, increasing your score could lower your interest rate. Our Guide to Better Credit for Auto Financing will help you understand what goes into a credit score and how you can quickly bring it up. Your credit score may take some more time and work, but it'll be worth it once you see those lower New Mexico auto loan rates.

Putting effort into finding the right lender can also help you get a lower rate. While lenders will consider the same information, you'll likely receive a different interest rate from each one. Shopping around and comparing offers will help you find the best auto loan rate in Santa Fe, NM — even without the best credit or income. You don't want to go with the first offer you receive because there could be a better one right around the corner. Don't forget some lenders allow for negotiation, so you can take an offer from one lender to another to see if they're willing to beat the interest rate.

Use myAutoloan to Check the Best Auto Loan Rates in Santa Fe, NM

myAutoloan is committed to helping you find the lowest auto loan rates in Santa Fe, NM no matter your credit score or the type of car you're buying. You can look at up to four loans at once so you can find the best deal. Simply complete our secure online application, choose the loan that looks best to you, and head down to a dealer in Santa Fe to purchase a new ride. Don't wait to apply and check today's lowest interest rates!

Vehicle loans to meet your needs…

Compare and save. Get up to 4 offers in minutes!

Our Customers Love Us: