family shopping for a car

Auto Loans

Helping you get the best bang for your buck on your next ride.

Drive this way for savings.

The road ahead just got a lot brighter. Looking to buy a new or used car, truck, or SUV? We’ll help you get a low rate and enjoy member discounts along the way.

Choose Your Auto Loan

We offer a variety of auto loan options to suit your needs. Whether you’re looking to finance a new car, a used car, an electric vehicle, or even a classic car, we’ve got you covered.

Young African American couple smiling outside of their new car

New Vehicle Loans

We’ll provide up to 125% financing on any previously untitled or unregistered car, van or SUV you purchase from a licensed dealer.

used vehicle

Used Vehicle Loans

The repayment term varies based on the vehicle’s age. Vehicles seven model years or newer qualify. For specific rates, visit our vehicle rates section.

Electric Car dashboard

Fuel-Efficient Vehicle Loans

Get a 0.125% APR* discount on a Green Auto Loan by choosing a U.S. EPA SmartWay Certified vehicle. Many makes and models qualify. Check if your vehicle is SmartWay designated by the EPA.

Classic vehicle outside in a Forrest area

Classic Car Loan

We are your one-stop shop to finance your dream classic car, with our special loan rates. Drive away in style today!

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Low rates

You can apply for a used or new auto loan to pay less over time and save more.

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Affordable financing

Finance up to 125% of the vehicle’s appraised value at Lafayette Federal so you can get into the vehicle you’ve always wanted.

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Flexibility

We offer terms and payment plans to meet your lifestyle demands and long term goals.

Today’s Auto Loan Rates

Auto Loans

Term

New Auto APR1

Used Auto APR1

1APR = Annual Percentage Rate. 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 and 0.125% discount for qualified fuel efficient vehicle. 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 or savings account on a month-to-month basis made by an outside organization or agency. Actual rate may be higher based on income, credit worthiness, and loan to value. 2$25‚000 minimum loan amount required for vehicle loan of 73 to 84 months. Add 2.00% to above pricing for all overseas vehicle loans. 3Financing available for model years 2017-2024. 4Financing available for model years 2021-2024.

The rates and terms shown are effective as of November 1, 2024.

New & Used Vehicles: Any car, truck, or SUV that is seven model years old or newer classifies as a new or used vehicle. For example, in 2024, vehicles from 2017 or newer are eligible. New & Used Vehicle Loan Rates.

Classic or Restoration Vehicles: Cars that are over 20 model years old are classified as classic or antique and have different loan rates. For example, in 2024, vehicles from 2004 model years or older are eligible. Classic or Restoration Vehicle Loan Rates.

Term

36 Months 

New Auto APR1

5.000%

Used Auto APR1

5.000%3

Term

48 Months

New Auto APR1

5.000%

Used Auto APR1

5.000%3

Term

60 Months 

New Auto APR1

5.500%

Used Auto APR1

5.500%3

Term

72 Months

New Auto APR1

5.500%

Used Auto APR1

5.500%3

Term

84 Months2

New Auto APR1

6.250%

Used Auto APR1

6.250%4

Classic Vehicle Loans

Term

APR1

1APR = Annual Percentage Rate. 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. Actual rate may be higher based on income, credit worthiness, and loan-to-value. Loan-to-Value Requirements: Purchase: 70% of purchase price; Refinance: 70% of value. 2Valuation sources include, but are not limited to, Black Book, Sports Car Market, Manheim Auctions, Gold Book and Old Cars Price Guide.

The rates and terms shown are effective as of November 1, 2024.

New & Used Vehicles: Any car, truck, or SUV that is seven model years old or newer classifies as a new or used vehicle. For example, in 2024, vehicles from 2017 or newer are eligible. New & Used Vehicle Loan Rates.

Classic or Restoration Vehicles: Cars that are over 20 model years old are classified as classic or antique and have different loan rates. For example, in 2024, vehicles from 2004 model years or older are eligible. Classic or Restoration Vehicle Loan Rates.

Term

60 Months

APR1

5.500%

Term

72 Months

APR1

5.750%

Term

84 Months

APR1

6.000%

Term

120 Months

APR1

6.250%

Vehicle Restoration Loans

Term

APR1

1APR = Annual Percentage Rate. 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. Actual rate may be higher based on income, credit worthiness, and loan to value.

The rates and terms shown are effective as of November 1, 2024.

New & Used Vehicles: Any car, truck, or SUV that is seven model years old or newer classifies as a new or used vehicle. For example, in 2024, vehicles from 2017 or newer are eligible. New & Used Vehicle Loan Rates.

Classic or Restoration Vehicles: Cars that are over 20 model years old are classified as classic or antique and have different loan rates. For example, in 2024, vehicles from 2004 model years or older are eligible. Classic or Restoration Vehicle Loan Rates.

Term

60 Months 

APR1

8.000%

Term

72 Months

APR1

8.250%

Term

84 Months

APR1

8.500%

Our members say the nicest things.

I’ve been a happy customer of Lafayette Federal Credit Union for 12 years. I had been banking at [Big Bank] for years, but during the 2008 financial crisis I realized the enormity of their corruption and disregard for their customers. I decided to take my banking business somewhere that I could trust. I was grateful to find LFCU and appreciate the fact that they are a local financial institution that invests in our community. My banking experience with LFCU has been very positive from customer service to my automobile loan to online banking. Because of this I’ve recommended LFCU to several friends and my brother who are now customers!

Cynthia M. Member for 12 Years

Let’s run the numbers.

Enter the amount you wish to borrow and preferred loan term to determine your estimated monthly payment and interest rate.

APR=Annual Percentage Rate. Calculated payments shown for estimation purposes only. Actual loan payment amount will be disclosed at loan closing and may differ slightly. $25‚000 minimum loan amount required for vehicle loan of 73 to 84 months.

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