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.
Flexible
We offer terms up to 120 months to finance or restore your vintage vehicle.
Affordable
Borrow up to 70% of the total cost of your restoration or classic car.
Member discounts
Get discounts just for being a Lafayette Federal member.
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
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.
Today’s rates
|
Term |
APR1 |
|---|---|
|
1APR = Annual Percentage Rate. The stated APR is the lowest rate available for qualified members and reflects a 0.25% discount for Direct Deposit and automatic debit of loan payment from a Checking Account with Lafayette Federal. The actual rate may be higher based on income, creditworthiness, and loan-to-value. Loan-to-Value Requirements: Purchase: 70% of price of the vehicle as determined by purchase order, or value, if lower than price.; Refinance: 70% of full replacement value as determined by the insurance carrier.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 March 1, 2025. *New & Used Vehicles: Any car, truck, or SUV that is seven model years old or newer classifies as a new or used vehicle. For example, in 2025, vehicles from 2018 or newer are eligible. New & Used Vehicle Loan Rates. *Classic or Restoration Vehicles: Cars that are over 20 model years old are classified as classic or antique and have different loan rates. For example, in 2025, vehicles from 2005 model years or older are eligible. Classic or Restoration Vehicle Loan Rates. *The above definition is for guideline purposes only. Within the world of auto enthusiasts, all of the above definitions are highly debatable, therefore management’s definition will follow insurance companies, licensing bureaus, and DMV definitions accordingly. |
|
|
Term 60 Months |
APR1 5.500% |
|
Term 72 Months |
APR1 5.750% |
|
Term 84 Months |
APR1 6.000% |
|
Term 120 Months |
APR1 6.250% |
|
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 March 1, 2025. New & Used Vehicles: Any car, truck, or SUV that is seven model years old or newer classifies as a new or used vehicle. For example, in 2025, vehicles from 2018 or newer are eligible. New & Used Vehicle Loan Rates. Classic or Restoration Vehicles: Cars that are over 20 model years old are classified as classic or antique and have different loan rates. For example, in 2025, vehicles from 2005 model years or older are eligible. Classic or Restoration Vehicle Loan Rates. |
|
|
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
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Auto Loans
Looking to buy a new or used car, truck, or SUV? We’ll help you get a low rate and enjoy member discounts along the way.
Car Buying Service
We make the entire process of buying a new car easier. Whether you’re looking for a new or used sedan, SUV, or electric vehicle, we’ll walk you through it, completely free-of-charge.
Ready to apply for a loan?
Monday-Friday 8:30am – 4:00pm
Audio Response 24/7
301-929-7990
1-800-888-6560 (toll-free)
Back to top Disclosures
Lafayette Federal is an Equal Opportunity Lender.
