Compare Interest Rates for Car Loans in Salt Lake City, UT

Compare up to four Utah lenders in minutes with myAutoloan! We want to help you find the best car loan rate for you, whether you're buying a car from a local Salt Lake City dealership or hoping to refinance an existing loan. Apply and see today's lowest rates!

Three things to know…

Today's Interest Rates

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

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Your Estimated Rate

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

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Your Payment

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

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More Information

How Are Salt Lake City, UT Car Loan Rates Determined?

Various factors affect your Utah car loan rate, including the loan amount, your credit score, your income, the down payment, the age of the car, and your loan's term (the length of the loan). A low credit score, high debt-to-income ratio, or purchasing an older vehicle from your Salt Lake City dealer could lead to a higher interest rate. But is a high interest rate so bad? The higher of an interest rate you have, the higher your monthly payment is and the more you spend over the life of your loan. Even a rate one or two percent higher could mean spending hundreds more on interest.

Can I Lower My Car Loan Rate in Salt Lake City, UT?

With tools like our Interest Rate Estimator, you can get an idea of what your rate might look like before you begin applying for auto loans in Salt Lake City, UT. If you've supplied your information and are unhappy with the percentage you see, what steps can you take to lower it?

The loan term is one element you can control. Most auto loans in Salt Lake City are available with terms in 12-month increments between 2 years (24 months) and 7 years (84 months). 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 handle a higher monthly payment, choosing a shorter term is a good move. The Auto Payment Calculator shows what your monthly payments might look like with different terms and interest rates to help you determine what you might be able to afford.

If your credit is less than stellar, increasing your score could bring your interest rate down. 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. It may take some effort and time to increase your credit score, but it'll be worth it once you see those lower Utah auto loan rates.

Waiting to find the right lender can also help you secure a lower rate. While lenders will look at 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 Salt Lake City, UT — even without a high income or credit score. You don't want to go with the first offer you receive because a better one might be waiting just around the corner. And, some lenders are open to negotiation, so you can take an offer from one lender to the next to see if they'll beat the interest rate.

Find the Best Auto Loan Rates in Salt Lake City, UT with myAutoloan

myAutoloan is committed to helping you find the lowest auto loan rates in Salt Lake City, UT regardless of what type of vehicle you're buying or your credit score. We'll present you with up to four loans at once so you can find the right deal. Complete our secure online application, choose the loan that looks best to you, and purchase a new ride from your {City}} dealer. Apply now to check today's lowest interest rates!

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