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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 and combined with guaranteed savings from TrueCar®, you’re sure to get a great deal.

  • Rates as low as 2.365% APR*
  • Borrow up to 84 months**
  • Fast approval process


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 Reports or Edmunds. 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.gov, 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.

True Car®, our guaranteed savings car buying service, will give you the tools to research and locate YOUR perfect vehicle. You'll maximize your savings through accessing thousands of public dealer and factory incentives.***** Learn More.

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.

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. Advertised rate is for a 36-month Fuel-Efficient Auto Loan. 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 Qualified Direct Deposit**** and automatic debit of loan payment from Checking Account with Lafayette Federal. Actual rate may be higher based on income and credit worthiness. **$25‚000 minimum purchase price required for vehicle loan of 72 to 84 months. Add 2.00% to above pricing for all overseas vehicle loans. Must be eligible for membership. $50 minimum balance required to open and earn 0.10% APY*** on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 0.025% APY*** on Lafayette Federal checking account balances. ***APY= Annual Percentage Yield. **** Qualified Direct Deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic payment of at least $500 into a checking account on a month-to-month basis made by an outside organization or agency. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government.  Advertised APR as of February 15, 2018  and is subject to change without notice. Subject to credit approval. Contact a Lafayette Federal representative for loan details and restrictions. NMLS #464425. *****Between 7/1/15 and 9/30/15, the average estimated savings off MSRP presented by TrueCar Certified Dealers to users of TrueCar powered websites, based on users who configured virtual vehicles and who TrueCar identified as purchasing a new vehicle of the same make and model listed on the certificate from a Certified Dealer as of 10/31/2015, was $3,279. Your actual savings may vary based on multiple factors including the vehicle you select, region, dealer, and applicable vehicle specific manufacturer incentives which are subject to change. The Manufacturer's Suggested Retail Price ("MSRP") is determined by the manufacturer, and may not reflect the price at which vehicles are generally sold in the dealer's trade area as not all vehicles are sold at MSRP. Each dealer sets its own pricing. Neither TrueCar nor Carperks brokers, sells or leases motor vehicles.
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    If you're buying a home or just looking to refinance and lower your rate, you’ll enjoy a quick and easy process.

    Rates as low as 3.043% APR*

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