Shift your car-shopping into overdrive

With auto loan rates in Michigan well below the national average‡ of 6.90% APR new and 10.80% APR used, we can help you get the most car for your money. Turn to MSGCU for your next auto purchase—we’re your financial champion.

Plus, right now, you get a $100 bonus° on auto loans when you apply by December 31.

Competitive Michigan auto loan rates

We offer flexible terms and low rates for both new and used vehicles across the state. And we can even pre-approve your loan, giving you added negotiating power at the dealership.

Car Loan, Truck Loan, or SUV Loan Rates
Model YearsAPR* as low as
2016 & Newer 5.49%
2011 to 2015 6.24%
2010 & Older 8.74%

Example: A loan amount of $20,000 with a rate as low as 5.49% APR for 60 months would have an approximate monthly payment of $381.94.

*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 84 months, depending on model year. APR may be higher, based on term of loan, credit score, collateral, and loan to value. 76-84 month loans require a minimum of $20,000 to finance. New money only. Rates are subject to change at any time. Same-day approval on most vehicle applications. Contact Member Service Representative for more details.

Refinance your auto loan

Here in Michigan, auto loan rates have decreased in the last year, which makes it a great time to think about refinancing. Bring us your auto loan from another lender, and we'll bring you our best rate. It's our Auto Rate Pledge to you. See how much you could save by refinancing your auto loan with MSGCU. 

Protect your investement

And after you close the deal, Michigan Schools and Government Credit Union can help you protect your investment.

  • GAP insurance can help pay off your loan if your vehicle is stolen and not recovered, or totaled in an accident.
  • Mechanical Repair Coverage is another option for peace of mind against costly repairs. 

For more information and a quote, call (866) 674-2848.

icon: stopwatch showing 5 minutes Interested in learning more about car loans? Check out this 5-minute lesson.

 

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°$100 Auto Loan Bonus available on auto loans applied for between November 6 and December 31, 2025. Eligible loans must close by January 30, 2026. Subject to credit approval. APR may be higher based on term, credit score, collateral, and loan-to-value. Eligible loans include new or used purchases and refinances from another lender. Applies to loans originated and closed at an MSGCU branch, call center, or online. Contact a Member Service Representative for details.

*APR=Annual Percentage Rate. Offer requires Automatic Loan Payment transfer. Loan terms up to 84 months, depending on model year.  APR may be higher, based on term of loan, credit score, collateral, and loan to value. New money only. Rates are subject to change at any time. Same-day approval on most vehicle applications. Review complete rates and terms.

‡Edmunds 2025: Car Loan Rates (APR) in the U.S. for Used and New Cars; https://www.edmunds.com/car-loan-apr-interest-rate