close up of classic car

Classic Car & Restoration Loans

Your one-stop shop to finance or fix your vintage vehicle.

Sometimes the best rides are classic.

At Lafayette Federal, we’ll help you turn back the hands of time with a vintage vehicle that’ll have you reminiscing about the good ol’ days.

Finance the vintage car of your dreams with great rates.

Whether you want to buy an antique car or fix up the one you already have, we’ve got something for all your classic car needs.

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Flexible

We offer terms up to 120 months to finance or restore your vintage vehicle.

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Affordable

Borrow up to 70% of the total cost of your restoration or classic car.

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Member discounts

Get discounts just for being a Lafayette Federal member.

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Great rates

With rates as low as 5.500%, you can buy the classic car you’ve been dreaming about.

Classic Vehicle Loans

Get an exceptionally low rate on any classic, antique, or vintage vehicle including…

  • Exotic vehicles
  • Hot rods
  • Muscle cars
  • Kit cars
black classic car with red pin-stripping

Vehicle Restoration Loans

Borrow up to $50,000 towards your vehicle restoration or modification costs for kit cars, hot rods, muscles cars, and more!

Plus, our repayment terms vary with the age of the vehicle, and the interest rate will adjust accordingly.

vintage car that has been restored

Today’s rates

Classic Vehicle Loans

Term

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. Actual rate may be higher based on income, credit worthiness, and loan-to-value. Loan-to-Value Requirements: Purchase: 70% of purchase price; Refinance: 70% of value. 2Valuation sources include, but are not limited to, Black Book, Sports Car Market, Manheim Auctions, Gold Book and Old Cars Price Guide.

The rates and terms shown are effective as of February 1, 2024.

Term

60 Months

APR1

5.500%

Term

72 Months

APR1

5.750%

Term

84 Months

APR1

6.000%

Term

120 Months

APR1

6.250%

Vehicle Restoration Loans

Term

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. Actual rate may be higher based on income, credit worthiness, and loan to value.

The rates and terms shown are effective as of February 1, 2024.

Term

60 Months 

APR1

8.000%

Term

72 Months

APR1

8.250%

Term

84 Months

APR1

8.500%

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

Ready to apply for a loan?

Apply online
Start an application
Visit a branch
Schedule an appointment
Call us

Monday-Friday 8:30am – 4:00pm
Audio Response 24/7
301-929-7990
1-800-888-6560 (toll-free)

Disclosures

Lafayette Federal is an Equal Opportunity Lender.

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