Minnesota Auto Loans for New & Used Vehicles
Looking for something smaller, sportier or just more practical? Whether you’re buying a new or used vehicle, TopLine Financial Credit Union can help you get the best car loan to suit your needs. TopLine auto loans offer flexible terms, competitive loan rates and a variety of repayment options (and no prepayment penalties, ever). If you are looking to refinance, we can help with that, too!
Current Auto Loan Rates in Minnesota
Current auto loan rates in Minnesota vary depending on the vehicle type, age and loan term. The average auto loan rate in the state is between 5-7% for new cars and 7-11% for used cars, and is subject to credit approval and market conditions.
See all of our current auto loan rates.
Why Choose TopLine for Your Minnesota Auto Loan
Car dealers offer incentives for promoting specific lender options, but the convenience of financing through the dealer is not always as beneficial as it is made out to be. Do not be afraid to insist on financing through TopLine. Plus, you will work with local experts who can deliver more personalized service and help with your decision-making, including budgeting for your loan payment and selecting the right insurance coverage.
Free 24/7 online access
Manage your loan anytime with digital banking and eStatements.
Flexible repayment
Choose terms and payment options that fit your budget.
Free car buying help
No-haggle pricing and dealer inventory access through our Twin Cities partner.
New, Used, Refinance & Special Programs
From new and used vehicle loans to refinancing and special programs, TopLine’s comprehensive suite of services is designed to address the diverse needs of buyers.
New vehicle loans
In the market for a new vehicle? New vehicle loan rates with 100% financing start at just 3.99%% per month. We offer flexible terms ranging from 36 to 84 months and can even roll license fees and taxes into your auto loan to make the process more convenient.
Used vehicle loans
We offer used vehicle loans on 2011 and newer model year vehicles at much better rates than dealers or conventional banks. Our used vehicle loans have the same benefits as new vehicle loans, with no prepayment penalties and flexible terms to suit your situation.
Auto loan refinancing
Looking to save money, get better loan terms or consolidate debt? Auto loan refinancing is a great way to lower your monthly car payment or pay off your loan faster. Eligible for most vehicles that are financed elsewhere, the refinancing process is fast and easy and can reduce your annual percentage rate. Standard loan fees may apply, and terms are subject to change.
Throughout the entire process, you can check the status of your application.
Get Pre-Approved Before You Shop
Loan pre-approval helps you better understand your budget, enabling you to make a more informed decision when shopping for a vehicle. It can also aid in negotiations and help streamline the buying process. Keep in mind that pre-approval doesn’t obligate a purchase, and it doesn’t impact your credit score.
Learn your purchasing power by getting pre-approved today.
Drive 4 Less Loan Program
TopLine’s Drive4Less Program is a lease alternative that combines low monthly payments, similar to those of a lease, with the option to own the vehicle. Similar to a lease, the Drive4Less Program can help reduce monthly payments, making them significantly lower than those with conventional financing. However, unlike a lease, the Program allows you to own the vehicle and enjoy all the flexibility and benefits that come with such ownership.
The Drive 4 Less Program is eligible for vehicles up to 5 years old and mileage plan options are available. At loan maturity, there’s the flexibility to trade in, sell, refinance or return the vehicle.
Drive 4 Less Benefits
Key benefits of the Drive 4 Less Program compared to traditional loans and leases include:
- Lower monthly payments: On average, payments are 30-45% lower than those for conventional financing.
- Actual ownership of the vehicle.
- No or low down payment. Taxes and registration fees can be included.
- Flexible terms ranging from 24 to 72 months.
- Mileage plans for various driving habits. Select 7,500, 10,000, 12,000, 15,000 or 18,000 miles per year.
- No pre-payment penalties or early termination fees.
- At any time, you can trade-in, sell or refinance the vehicle.
- At loan maturity, you can trade-in, sell, refinance or return the vehicle.
Free Car Buying Services
TopLine Financial Credit Union is committed to helping you get the best deal in town. As a member-owner, you have exclusive access to our free car buying services with a Minneapolis-St. Paul-based firm to ensure you get the savings you deserve without all the hassles. Benefits include no-haggle pricing, access to dealer inventory and guaranteed savings.
TopLine also partners with Enterprise Car Sales, offering members exclusive access to sales throughout the year and helping members find vehicles across Enterprise’s full suite.
Learn more about our car buying service.
Vehicle Protection & Insurance Options
In addition to fast, flexible and convenient auto loans, we also offer the opportunity to protect your investment through vehicle protection services and insurance options.
TopLine’s GAP coverage provides guaranteed asset protection against total loss gaps, mechanical breakdown protection against costly repairs, and debt protection that helps cancel or reduce repayment of your loan in the event of a protected death or disability. These optional add-on services can help give you peace of mind while driving, reduce the burden on your family and protect against financial hardship in the event of an unforeseen circumstance.
TopLine Offers Auto Insurance
TopLine also offers auto insurance at competitive rates, allowing our credit union to serve as a true one-stop shop for your new or used vehicle purchase. View our insurance services page for more information.
Drive 4 Less, Car Buying Help & Coverage Options
Whether you want lower payments through Drive 4 Less, help negotiating a fair deal, or optional protections for your loan and vehicle, TopLine can support the full journey.
TopLine's Drive4Less Program is a lease alternative: low monthly payments similar to a lease, with the option to own the vehicle. Eligible for vehicles up to 5 years old; mileage plan options available. At maturity, trade in, sell, refinance or return the vehicle.
Benefits at a glance:
- Lower monthly payments — often materially lower than conventional financing.
- Actual ownership of the vehicle.
- No or low down payment; taxes and registration fees can be included.
- Flexible terms (24–72 months) and mileage plans (7,500–18,000 miles/year).
- No prepayment penalties or early termination fees; trade, sell or refinance anytime.
Exclusive access to our Twin Cities car-buying partner for no-haggle pricing, dealer inventory access, and guaranteed savings. TopLine also partners with Enterprise Car Sales for year-round member offers.
Optional GAP, mechanical breakdown protection, and debt protection can help safeguard your loan. TopLine also offers competitive auto insurance — see our insurance services for details.
Serving Minnesota Auto Buyers in the Twin Cities & Beyond
With a robust online application platform and convenient branch locations for in-person banking and consultations, TopLine is the credit union of choice in the Twin Cities and surrounding area. We understand the Minnesota market and vehicle needs of consumers, and are well-positioned to put you in the right vehicle with the best terms. Contact us today to learn more and get pre-approved.
TOP COMMUNITIES SERVED
From Application to Loan
At TopLine, our auto loan application process is fast and easy with many loans being awarded within just two business hours. Here is an overview:
1
Apply for pre-approval
Start online to understand your budget before you shop.
2
Shop for a vehicle
Use your pre-approval to negotiate confidently at the dealer or with a private seller.
3
Finalize & fund
Complete paperwork, receive your loan, and check application status anytime along the way.
Frequently Asked Questions
Know Your Budget Before You Shop
Loan pre-approval helps you better understand your budget, enabling you to make a more informed decision when shopping for a vehicle. It can also aid in negotiations and help streamline the buying process. Pre-approval does not obligate a purchase; ask us how credit inquiries are handled for your application.
Disclosures
1APR = Annual Percentage Rate. Advertised rate is current as of 5/1/2026 and is fixed for the term of the loan. Borrow at 4.74% APR for 24 monthly payments of $18.87 per $1,000 borrowed. All loans are subject to TopLine Financial Credit Union’s lending policies. Verification of income may be required. Offer, rate, and terms are subject to change. If you elect to return the vehicle at the end of the term, additional fees may apply. The Drive4Less program is valid for autos and trucks up to 5 years old. Mileage restrictions may apply. Membership at TopLine Financial Credit Union is required to participate in this program. A one-time fee of $325.00 will be charged and added to financing.