Today’s lowest auto financing rate1, 2

As low as

7.21% APR

To qualify for the lowest rate, the loan must include:

  • A term of 60 months or less
  • A credit score of 800 or higher
  • A vehicle that is less than 12 months old
  • A loan amount of $35,000 or more
  • A loan-to-value (LTV) percentage of 111% to 115.99%

What could your monthly payment be?

Use our auto financing calculator to estimate your rate and monthly payments.

Things to know about auto financing pre-approval

Applying for pre-approval can put you one step ahead while you’re shopping for your next vehicle. Here are a few things to know before you get started.

Locked-in rate

A pre-approval includes a credit check so if you're approved, you'll have a locked-in rate good for 30 days.

Save time

Complete your financing application online in the comfort of your home so you can save time at the dealership.

New or used

You can use your U.S. Bank auto financing for a new or used vehicle purchased at a participating dealership.

Quick application

The online application only takes a few minutes to complete, and you may get an answer within seconds.

Search participating dealerships.

When dealerships participate in the U.S. Bank auto financing program, they can accept your pre-approval letter to streamline your financing. View our locator to find a dealership near you.

Thinking about selling your car?

Easily request and receive the best offers on your vehicle from participating local dealerships. Just tell us about your car’s mileage, history, condition and any special equipment. In just minutes, we’ll show you who’s ready to buy it today. We’ll even help you arrange the sale.

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  1. "As low as" annual percentage rates (APR) are available for auto loans with a term of 60 months or less, loan amount of $35,000 or more, loan-to-value (LTV) percentage of 111% to 115.99%, and an applicant with a credit score of 800 or higher. Loan payment and APR will vary based on the term, loan amount, vehicle age, LTV percentage, credit history and applicable fees.

  2. Dealer purchase loan payment example: for a $35,000 automobile loan on a 1-year-old or newer vehicle over a 60-month term with a 111% loan-to-value (LTV) percentage, monthly payments would be $696.51 at an annual percentage rate (APR) of 7.21%. (Fees charged in OH, IN and WV will increase the APR displayed above.)

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Offers are subject to credit qualifications. Rates are subject to change. Some additional restrictions may apply. Installment loans are offered through U.S. Bank National Association.

U.S. Bank assists its customers with automobile financing by working with auto dealerships across the nation. The U.S. Bank auto financing pre-approval is only valid at a dealership with which U.S. Bank works. U.S. Bank is not affiliated with these dealerships and U.S. Bank makes no representations or warranties regarding the dealerships, their vehicles, related products or services. All vehicle and related product information included on this site is provided by the dealer and the dealership is solely responsible for the content, representations about the vehicle, including pricing, its products, services, and promotional statements about itself or its vehicles. U.S. Bank does not endorse third-party products, services or other vehicle content. Any questions about the vehicle, vehicle pricing and related products or financing structure should be directed to the dealership. The dealership will work with you to finalize the vehicle financing terms.

The dealership may request your permission to obtain information from one or more credit reporting agencies. The dealership will ask to see your photo identification (driver’s license) and/or other identifying documents. U.S. Bank reserves the right to withdraw an approval if your identity cannot be verified or if there have been changes in your credit status as of the date of sale.