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Serving members worldwide since 1935.

Auto & Motorcycle Loans

  • Terms up to 84 months**
  • Up to 125 percent financing
  • Member discounts

Enjoy free car-buying services!

Full Rate Details

Looking 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.Opens in New Window

Current Rates

Auto Loan Rates

Effective Mar 1, 2020
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. 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 2013-2020. ††Financing available for model years 2017-2020.

New Motorcycle Loan Rates

Effective Mar 1, 2020
Term APR*
36 Months 6.25%
48 Months 6.75%
60 Months 7.25%
*APR=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.


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.comOpens in New Window

Car Cost Guides

The following car-cost guides for new and used vehicles can be found on nadaguides.comOpens in New Window. 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.

Learn more about GAP InsuranceOpens in New Window

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.

Full Rate Details

  • 3.03% Checking Mini Ad

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  • Home Advantage Family on porch

    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*

  • Woman in New Car

    Dreaming of a new ride? Let us finance your next new, used, or fuel-efficient vehicle.

    Rates as low as 2.375% APR*