Auto Loans in Mississippi

Mississippi's below-median household income makes auto loan rate comparison especially valuable — a 2-point APR spread on a $25,000 vehicle loan over 60 months represents over $1,500 in total cost difference. Pre-approval from a bank or credit union is the single most impactful step a Mississippi borrower can take.

Current auto loan rate benchmarks

National averages from the Federal Reserve G.19 (live data) — commercial banks, new car loans. Not state-specific rates — not a rate quote. Your actual rate depends on credit score, down payment, vehicle, and lender.

60-Month New Car

7.52%

National avg, commercial banks — February 2026

72-Month New Car

7.55%

National avg, commercial banks — February 2026

Credit Unions

Typically 1–2 pts below banks

NCUA rate comparison →

Illustrative example — not a rate quote or offer

$35,000 loan · 60 months · 7.52% APR (Federal Reserve G.19 (live data) national benchmark)

Est. monthly

$702

Total paid

$42,100

Total interest

$7,100

Source: Federal Reserve G.19 Consumer Credit · NCUA rate comparison

More Mississippi guides

Personal Loans in MississippiAuto Insurance in MississippiHomeowners Insurance in MississippiRenters Insurance in MississippiMortgages in MississippiStudent Loans in MississippiLife Insurance in MississippiHigh-Yield Savings in Mississippi

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