Utah Financial Snapshot
WISEIQ TOP PICK
PERSONAL LOANS
Upstart
Best for fair & thin credit · AI-powered approval
✓ No prepayment penalty
✓ Funds in 1 business day
✓ Soft pull pre-qualification
✓ Considers education & job history
WiseIQ may earn a referral fee if you apply through this link. Rates shown are representative and may vary. See Upstart's website for full terms.
Auto Loans in Utah: What You Need to Know
Utah, known as the Beehive State, has a population of 3.4M with a median household income of approximately $72,000. The current unemployment rate stands at 2.7%, which lenders consider when evaluating applications from Utah residents.
Major financial hub: Salt Lake City is the primary financial center for Utah residents, with access to both national and regional lenders.
- 3.57 MillionPopulation (2026)
- $96,658Median Household Income (2026)
- 690Average Credit Score (Q3 2025)
Top Auto Loan Providers in Utah
America First Credit Union
America First Credit Union
APR as low as: 4.99% - 7.74%
Flexible financing options with competitive rates and no payments for 90 days.
- Rates as low as 4.99% for 5-year terms.
- Terms available up to 8 years.
- Declining Rate Auto Loans available.
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Mountain America Credit Union
Mountain America Credit Union
APR as low as: 5.24%
Low-rate auto loans for new and used vehicles with flexible terms.
- Fixed rates as low as 5.24% APR with MyStyle® Checking discount.
- Terms available up to 72 months (6 years).
- On-site financing available at dealerships.
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Utah First Credit Union
Utah First Credit Union
APR as low as: 4.99%
Low rates and fast approval for new, used, and refinance car loans.
- Competitive rates for various loan types.
- Quick and easy application process.
- Refinance options available to lower payments.
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Cyprus Credit Union
Cyprus Credit Union
Competitive Rates
Enjoy low rates, flexible terms, quick approvals, and exclusive benefits.
- Personalized service for members.
- Variety of loan products to fit needs.
- Focus on community and member benefits.
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Wasatch Peaks Credit Union
Wasatch Peaks Credit Union
APR as low as: 4.99% - 5.99%
Save money on your car loan with low-interest rates and flexible terms.
- Rates as low as 4.99% for 36-60 month terms.
- Terms available up to 84 months.
- Fast approvals for a smooth buying process.
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Utah Auto Loan Comparison Table
| Lender |
APR Range (as low as) |
Max Term |
Key Benefit |
CTA |
| America First Credit Union |
4.99% - 7.74% |
8 Years |
90 days no payment option |
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| Mountain America Credit Union |
5.24% |
72 Months |
MyStyle® Checking discount |
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| Utah First Credit Union |
4.99% |
Varies |
Fast approval, refinance options |
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| Cyprus Credit Union |
Competitive |
Varies |
Exclusive member benefits |
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| Wasatch Peaks Credit Union |
4.99% - 5.99% |
84 Months |
Low-interest rates, flexible terms |
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| Canyon View Credit Union |
4.89% |
60 Months |
Low-rate auto loans, affordable payments |
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| Granite Credit Union |
4.99% - 5.99% |
84 Months |
Vanishing Rate Auto Loans |
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How to Choose the Best Auto Loan in Utah
- Understand Your Credit Score: A higher credit score typically qualifies you for lower interest rates. Check your score before applying.
- Compare Offers from Multiple Lenders: Don't settle for the first offer. Shop around to find the most competitive rates and terms.
- Consider Loan Terms: Longer loan terms mean lower monthly payments but more interest paid over time. Balance affordability with total cost.
- Factor in Additional Costs: Remember to account for Utah's sales tax (6.85%) and registration fees when budgeting for your car purchase.
Frequently Asked Questions About Utah Auto Loans
What is the average auto loan interest rate in Utah?
Average auto loan interest rates in Utah can vary based on credit score, loan term, and lender. As of early 2026, rates can be as low as 4.99% for well-qualified borrowers.
How much is sales tax on a car in Utah?
Utah imposes a state sales tax rate of 6.85% on vehicle purchases. Some local jurisdictions may add additional sales tax.
What are the typical vehicle registration fees in Utah?
Vehicle registration fees in Utah are based on the vehicle's age and type. For passenger cars, fees can range from $10 for older vehicles to $110 for newer models (2021-2023).
Can I get an auto loan with bad credit in Utah?
Yes, it is possible to get an auto loan with bad credit in Utah, but you may face higher interest rates. Consider options like secured loans or co-signers to improve your chances.
Should I get pre-approved for an auto loan?
Getting pre-approved for an auto loan is highly recommended. It gives you a clear understanding of your budget and negotiating power before you visit a dealership.