facebook pixel Skip to main content
If you’ve been affected by a natural disaster, we're here to help. Our sincere thoughts and condolences go out to the countless individuals impacted. If you are one of those personally affected, please contact us at 240-292-5356 or Lafayette-AssetRecovery@lfcu.org to discuss how we can possibly assist.
Google PlayApple Store
Serving members worldwide since 1935.

Maximize Your Car Savings on Your Next Car Purchase

Knowing how and when to buy a car is crucial to getting the best deal. Too often, consumers jump quickly into purchasing and end up with a not-so-great, sometimes disastrous, deal. By preparing ahead of time, you will be at an advantage. Following are just a few tips:

1) Days/weeks/months matter.

Tuesdays and Wednesdays are generally slow days for dealers, so business is slow. Also, dealer sales staff usually have monthly goals to meet, so aiming for the end of the month, even better the end of the year, can be fruitful.

2) Timing is everything.

You may think that going to the dealership in bad weather or late at night will get you a good deal, but that is often not the case. Sales staff is usually privy to this strategy and will often not hesitate to wait you out.

3) Take advantage of Lafayette Federal financing!

One major consideration in the process is getting the right financing. Lafayette Federal rates are very competitive with great terms.

  • Rates as low as 2.375% APR*
  • Borrow up to 84 months**
  • Fast approval process

See how affordable your monthly payment could be:

Find Your Perfect Vehicle

Determine your needs by looking for models that match your needs. Factors to consider include reliability, safety and fuel efficiency. Check a car model's reliability on Consumer ReportsOpens in New Window or EdmundsOpens in New Window. To check a car's safety rating, visit the Insurance Institute for Highway Safety's website. Compare the fuel efficiency of models that interest you at fueleconomy.govOpens in New Window, the U.S. Department of Energy.

When buying from a private party or a used car lot, get a clear title history and insist on a mechanic inspection. Find out who owned it previously and ask for maintenance and repair records.

Protect your investment with the following coverage options:

Guaranteed Asset Protection (GAP) is like an airbag for your vehicle loan. It can help fill the gap between what your vehicle insurance will pay and what you owe on your loan, to cushion you against sudden out-of-pocket expenses if your vehicle is totaled. Learn more about GAP Insurance.Opens in New Window

Mechanical Repair Coverage allows you to cover your new or eligible used vehicle — even after the manufacturer’s warranty expires. We enhance your vehicle protection program with features such as rental reimbursement, 24-hour emergency roadside assistance, and travel expense reimbursement.

Maximize your savings with a Lafayette Federal Car Loan!

*APR = Annual Percentage Rate. Restrictions apply. May not be used in conjunction with other offers or promotions. Stated APR is the lowest rate available for qualified members and reflects 0.25% discount for Direct Deposit and automatic debit of loan payment from Checking Account with Lafayette Federal and 0.125% discount for qualified fuel efficient vehicle. Actual rate may be higher based on income, credit worthiness, and loan to value. **$25‚000 minimum purchase price required for vehicle loan of 73 to 84 months. Add 2.00% to above pricing for all overseas vehicle loans.
  • fall rate increase mini news ad

    We've further increased our nation-leading deposit rates! Reach your goals with Lafayette Federal.

    Earn more, stress less.

  • couple smiling looking at statement mini news ad

    Enjoy our 2.02% APY³ Checking — a premium rate 50 times higher than the national average¹

    Simple terms, outstanding rate

  • atm-cash-withdrawal

    Our members have access to Co-Op Network Shared Branches & ATMs for all basic transaction needs.

    Access branches and ATMs nationwide