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:
| Loan Amount | $15,000 |
|---|---|
| Term | 48 months |
| Rate | 2.375% APR* |
Monthly Payment (approximate) | $328.00 |
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.
Carvana gives you instant access to thousands of certified pre-owned vehicles online. Coupled with Lafayette Federal financing, you can purchase your next vehicle from the comfort of your home or on the go via your mobile device. Learn more about Carvana.
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!
Other News
- Set Up Direct Deposit & Earn $50: Convenience that pays.
- Escape Reality to Your Next Getaway: Make it happen with our 0% APR1 credit card offer.
- We've Upgraded Our Statements: A new, streamlined experience.
- Lafayette Federal's 3.03% APY Relationship Checking: Introducing our bigger, better, bolder relationship checking account!
- 3.03% APY Relationship Checking: Introducing our bigger, better, bolder relationship checking account!
- Conoce nuestra nueva cuenta corriente con APY de 3.03%: ¡Te presentamos una cuenta corriente más grande y poderosa!
- New Online Banking & Mobile App Now Available: Learn about new features and what to expect during your first login on the new system.
- Tax Scams to Watch Out For: Some common scams and methods to protect yourself.
- We'll Give You up to $100 : When you become a member of DC's Premier credit union.
- Purchase a Certified Pre-Owned Vehicle Online: Search through thousands of cars to find your perfect vehicle with Carvana!
-
We're rewarding you with our bigger, better, bolder 3.03% APY2 Relationship Checking Account!
Big banks can't compete.
-
Lafayette Federal HomeAdvantage is a free member service that can help you buy, sell and save on your home.
Save $100s to $1,000s in Cash Rewards*
-
Dreaming of a new ride? Let us finance your next new, used, or fuel-efficient vehicle.
Rates as low as 2.375% APR*
Federally Insured by NCUAOpens in New Window|
Site by VisionsOpens in New Window