Auto & Motorcycle Loans
- Terms up to 84 months*
- Up to 125 percent financing**
- Member discounts
Enjoy free car-buying services!
Apply NowLooking to buy a new or used car, truck, or van or even an RV, boat or motorcycle?
New Vehicle Loans
We'll provide up to 125%** financing (based on the appraised value in the Automobile Invoice Service Manual) on any previously untitled or unregistered car, van or light truck you purchase from a licensed dealer.
Used Vehicle Loans
You can borrow up to 125%** of the National Automobile Dealers Association (NADA) retail value to buy a used car, truck or van. 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 cars qualify–not just hybrids and small cars.
Find out if your vehicle is considered SmartWay by the Environmental Protection Agency.
Current Rates
Auto Loan Rates
Effective Apr 1, 2019| Term | New Auto APR* | Used Auto APR* |
|---|---|---|
| 36 Months | 2.375% | 2.375† |
| 48 Months | 2.375% | 2.375%† |
| 60 Months | 2.875% | 2.875%† |
| 72 Months | 2.875% | 2.875%† |
| 84 Months** | 3.625% | 3.625%†† |
*APR = Annual Percentage Rate. Restrictions apply. 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 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.
**$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.
†Financing available for model years 2012-2018.
††Financing available for model years 2016-2018.
New Motorcycle Loan Rates
Effective Apr 1, 2019| Term | APR* |
|---|---|
| 36 Months | 6.25% |
| 48 Months | 6.75% |
| 60 Months | 7.25% |
*APR=Annual Percentage Rate. Restrictions apply. 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 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.
Carvana
We've teamed up with Carvana, a leading e-commerce platform for buying used cars, to provide you with a simple, affordable AND convenient car buying solution. You get access to thousands of vehicles online, can apply for Lafayette Federal Credit Union financing, AND can complete your purchase online in a matter of minutes--all from the comfort of your home or on the go via your mobile device.
With Carvana, you can:
- Browse certified inventory: low mileage, no reported accidents, 150-point inspection
- Buy online with delivery or pickup available as soon as the next day
- Get more for less: Save valuable time and money by shopping online
- Buy with confidence: 7-day money back guarantee, 100-day warranty
Easy Trade-ins: Carvana will give you a firm offer for your car in less than 2 minutes and pick it up from you. No pictures needed, no inspection hassle. Sell or trade-in your vehicle--either way, Carvana will buy it from you!
TrueCar
Guaranteed savings when buying a car in 3 simple steps.
1. See what others paid; Tell us what you're looking for and we'll show you how much others paid for their car, so you know you're always getting a fair price.
2. Maximize your savings through accessing thousands of public dealer and factory incentives, including exclusive incentives only available through TrueCar, to save you more money.
3. Choose your vehicle and your assigned sales advisors will scour local inventory and present you with vehicles that match what you're looking for.
While pricing information is essential, we also understand that price isn't the only thing that matters when buying a car. You also want a great experience. So, we partnered with TrueCar who works with a national network of more than 11,000+ dealers (representing just under 20% of all franchised dealers) who share the belief that truth, transparency and fairness are the foundation of a great car-buying experience. Additionally, TrueCar partners with some of the nation’s largest and most respected membership and service organizations including AAA and Consumer Reports to help educate our members about the automotive market and any additional savings and incentives that may be available.
There are no fees for this service.
Edmunds Buyers Guide
Edmunds is one of the most respected sources of vehicle information. The buyers guide contains vehicle comparison charts, ratings, safety information, buying advice and more! Get it online at www.Edmunds.com
Car Cost Guides
The following car-cost guides for new and used vehicles can be found on nadaguides.com. We encourage you to research them to ensure that you are getting the best value on your new purchase, as well as on your trade-in. Just stop by any of our branches at your convenience and a Member Service Representative will be happy to help you research and to go over your financing options.
New Car Cost Guide: This important publication provides the actual prices dealers pay for most new automobiles, as well as the suggested retail price for each vehicle, available options and wholesale and retail prices.
Used Car Valuation Guide: Official used car guides published by the National Automobile Dealers Association can help you determine the value of the used vehicle you own or the one you are considering buying.
TruStage™ Auto Insurance Program
You trust your credit union to offer products and services to help you do more with what you have. That's why we've joined with a dedicated team of insurance professionals to bring you the TruStage Auto Insurance Program.
Working with carefully selected auto insurance partners, the TruStage Auto Insurance Program can provide discounted rates for credit union members, online services, and 24/7 claims service. If you haven't compared auto insurance lately, it's a great time to take a look. Your credit union membership could result in some nice savings.
Or call 1-855-483-2149 for a quote.
TruStage™ Auto Insurance program is offered by TruStage Insurance Agency, LLC and issued by leading insurance companies. Discounts are not available in all states and discounts vary by state. The insurance offered is not a deposit and is not federally insured. This coverage is not sold or guaranteed by your credit union.
Guaranteed Asset Protection Insurance
A wrecked vehicle can wreck your finances if you owe more on your loan than 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 your vehicle is totaled.
Need Help Buying a Car?
Use our learning center to research everything you need before you buy a car.
Get Pre-Approved
Apply for a vehicle loan pre-approval and learn about your financing options before you go to the dealer.
Have questions? Just ask.
Get Pre-Approved TodayKnowledge is power. Be in the know for financial betterment.
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Lafayette Federal HomeAdvantage is a free member service that can help you buy, sell and save on your home.
Save $100s to $1,000s in Cash Rewards*
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Stop carrying around cash and upgrade to a Mastercard® Credit Card.
Safe, convenient, customizable
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Dreaming of a new ride? Let us finance your next new, used, or fuel-efficient vehicle.
Rates as low as 2.375% APR*
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Routing #: 254074811
Maryland
Kensington, MD 20895
Potomac, MD 20854
Rockville, MD 20852
Virginia
Falls Church, VA 22042
Crystal City, VA 22202
McLean, VA 22101