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.

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.

The road ahead just got a lot brighter.

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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.

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

You can borrow up to 125% of the National Automobile Dealer’s Association (NADA) retail value to buy a used car, truck or SUV. The repayment term will vary with the age of the vehicle, and the interest rate will adjust accordingly.

Fuel-efficient Vehicle Loans

We offer a 0.125% APR* Green Auto Loan discount if you choose a U.S. EPA designated SmartWay Certified vehicle. Lots of makes and models qualify, not just hybrids and small vehicles. Find out if your vehicle is considered SmartWay by the Environmental Protection Agency.

electric vehicle

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 July 1, 2024.

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

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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