Auto Loan Rates
Use our auto loan calculator to estimate your monthly payments and find the right car for your budget.
Auto Rates and Terms (2018 & Newer)
| Terms | APR (2022 & Newer Models) | APR (2018 - 2021 Models) |
|---|---|---|
| 0-60 Months | 5.49 - 12.99% | 5.99 - 13.49% |
| 61-72 Months | 5.99 - 13.99% | 6.49 - 14.49% |
| 73-84 Months | 6.49 - 15.99% | 6.99 - 16.49% |
| 85-96 Months | 7.24 - 8.99% |
APR = Annual Percentage Rate. Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Not all applicants will qualify for the lowest rate. Payment Example: A $10,000.00 loan for 48 months financed at 5.49% is $232.51 for each payment. Information, rate, terms, and conditions are subject to change without notice and are not guaranteed. APR is accurate as of 1/1/2025.
Auto Rates and Terms (2015-2017)
| Terms | APR (2015 to 2017) |
|---|---|
| 0-48 Months | 6.99 - 14.49% |
| 49-60 Months | 7.49 - 15.49% |
APR = Annual Percentage Rate. Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Not all applicants will qualify for the lowest rate. Payment Example: A $10,000.00 loan for 48 months financing at 6.99% would amount to a monthly payment of approximately $239.41 each. Information, rate, terms, and conditions are subject to change without notice and are not guaranteed. APR is accurate as of 1/1/2025.
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FAQs About Oklahoma Auto Loan Rates
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How does WEOKIE determine what rate I get for my auto loan?
In general, your annual percentage rate (APR) is based on your credit score and debt-to-income (DTI) ratio. Our lending team will also take into account your overall financial situation and work with you to get you the best rate possible.
The term you choose also impacts your rate – shorter terms usually come with lower rates than longer terms.
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Is there anything I can do to get a better auto loan rate?
Before you apply for your auto loan, you can find out your credit score and take any possible steps to improve it. For example, you could consolidate high-interest debt with a personal loan or low-interest balance transfer card.
Make sure you don't have any outstanding payments, and work to lower your credit utilization rate, which is how much of your available credit you've used. Ideally, you want to use less than 30% across all your accounts.
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Will I get the same auto loan rate for a new car as for a used car?
No, newer vehicles get lower rates than older cars. This is because newer vehicles are less likely to break down, and it's easier to estimate depreciation (loss of value) over time.
But don't worry – you can still get a competitive auto loan rate on older vehicles! At WEOKIE, we want everyone to be able to buy the car they need, and we work hard to help our members do just that.
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Why can WEOKIE offer lower rates than some other lenders?
WEOKIE is a not-for-profit credit union, not a bank. While banks are focused on earning a profit for their stakeholders, we focus on returning our profits to our members by offering lower fees and lower interest rates.
6 Ways to Pay Off Your Auto Loan Early
It's true that longer loan terms give you a lower monthly payment – but paying your loan off sooner means you'll save on interest and be debt-free faster. Click for six suggestions to get your loan paid off as soon as possible!
How to Increase Your Chances of Getting Approved for an Auto Loan
A great credit score is just the start of getting your auto loan pre-approved and securing a great rate. Click to find out six strategies to help you score a great auto loan with affordable payments.
How to Finance a Car With a Credit Union
While a dealership is a one-stop-shop for buying a car, credit unions are a great option that can save you money at the time of purchase and each month. Click to find out about the loan process and benefits.
Have Questions?
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WEOKIE is proud to provide services through our trusted partner.
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WEOKIE provides financing at an interest rate no higher than 5.49% APR* for vehicles purchased from First Rate Autos (with an approved application and credit score of 680 and above). Rates of no more than 6.99%APR* are available for scores between 600 and 679. Applicants with credit score of 599 and below may still qualify for financing at alternate rates.
*APR = Annual Percentage Rate. Certain restrictions apply. Effective August 11, 2025, rates for qualified buyers with credit scores of 680 and above are as low as 5.49% APR, and rates for approved applicants with scores from 600 to 679 will not exceed 6.99% APR. Applicants with credit scores of 500–599 may still qualify for financing at alternative rates, and special financing programs are available for those who do not meet standard lending criteria.
Rates apply only to vehicles purchased through First Rate Autos. Adequate collateral and acceptable terms are required. All loans are subject to credit review and underwriting approval. Rates may be higher based on individual creditworthiness and loan-to-value restrictions. Proof of income may be required. Membership eligibility is required. Offers may not be combined. Active military may qualify for different rates. Information, rates, terms, and conditions are not guaranteed and may change without notice.
Example monthly payments: A $10,000 loan for 48 months would result in payments of approximately $233.66 at 5.49% APR or $239.87 at 6.99% APR.
For complete details, please contact a WEOKIE representative or visit https://firstrateautos.com.
Federally insured by NCUA. If you choose to defer your payment for 60 days, interest will continue to accrue during this time.