parents driving with child in car

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?

woman looking at phone with car refinance

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.

electric vehicle

Today’s rates

Our team will help you find an incredible rate, term, and flexible payment plan for your vehicle.

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

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.

family in back of car enjoying scenery

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.

Get a free quote

woman in front of wrecked car on phone

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.

Learn more about GAP Insurance

Ready to refinance your Auto Loan?

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