Auto Loan Refinancing
Take steps to reduce your monthly car payment.
Competitive rates to help you save more.
When you refinance with Lafayette Federal, you get the opportunity to pay off your loan sooner, lower your monthly payment, and worry less about growing interest on your loan.
Refinancing a new or used vehicle?
Timing is everything. We’ll help you decide whether refinancing your car is best for you. Then, we’ll go above and beyond to:
- Find an incredible rate to lower your interest and pay off your loan sooner.
- Help you secure a term that gives you time to repay your auto loan at an affordable pace.
- Create a payment plan that you feel good about.
Are you ready to start an application to refinance your vehicle?
Refinancing a fuel-efficient vehicle?
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.
Today’s rates
Our team will help you find an incredible rate, term, and flexible payment plan for your vehicle.
|
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 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. 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 April 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 |
Let’s run the numbers.
Use our calculator tool to estimate how much you’ll save when you refinance your Auto Loan with Lafayette Federal.
Calculated payments shown are for estimation purposes only. Actual loan payment amount will be disclosed at loan closing and may differ slightly.
Our members say the nicest things.
I joined USAID (then AID) in 1963 and in 1964 became a Lafayette member. Lafayette financed our first new car and was our stateside account when we were in India. Later, our savings account with Lafayette provided the down payment on a house, and now our certs and checking account are part of our retirement. Keep up the great and friendly service!
Daniel S. Member
Protect your auto loan.
TruStage™ Auto Insurance Program
Working with carefully selected auto insurance partners, the TruStage Auto Insurance Program can provide discounted rates, online services, and 24/7 claims service for Lafayette Federal members. If you haven’t compared auto insurance lately, it’s a great time to take a look. Your membership could result in some nice savings.
Guaranteed Asset Protection Insurance
A wrecked vehicle can do some serious damage to your finances if you owe more on your loan that your insurance will pay. 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 you vehicle is totaled.
Related resources
Explore our blog for practical advice and tips to help you figure out if refinancing makes sense for you.
Is 0% Financing the Right Choice? Find out if this option is right for you.
We’ve all heard about zero percent financing from the dealer. The automobile manufacturers’ rates seem great. What could be wrong with them? Plenty, if you take a look at the fine print. Learn more
Read more
Take a Test Drive: What to look for during the behind the wheel test.
Research is a necessary first step before getting behind the wheel for a test drive. Find out the reliability, frequency of repairs and safety data on all of your favorite models. Learn more
Read more
Auto Loans 101: Your guide to rates, terms, and repayments.
Paying for a vehicle in cash isn’t always possible — nor is it always recommended. Auto loans can offer an easy and affordable way to fund a vehicle. And with some prudent financial skills, there are ways to prevent going into too much debt, while also helping your financial situation. Learn more
Read moreThere’s even more to explore.
Classic Car & Restoration Loans
Take advantage of nation-leading rates so you can get your classic vehicle back on the road in no time.
Auto Loans
Our Auto Loan options are an affordable and flexible way to buy the vehicle you’ve always wanted.
Back to top