Personal Vehicle Rates

Vehicle Loans

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 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. 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 March 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

New Motorcycle 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 March 1, 2024.

Term

36 Months 

APR1

7.250%

Term

48 Months

APR1

7.500%

Term

60 Months

APR1

7.750%

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 March 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 March 1, 2024.

Term

60 Months 

APR1

8.000%

Term

72 Months

APR1

8.250%

Term

84 Months

APR1

8.500%

Boat Loans

Term

APRas low as

Amount (up to 90% Purchase Price or Value)

1APR=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. Loan amount up to 90% of value, up to $150,000. Vehicles for personal, non-business use and houseboats used as primary residences as defined by the IRS and NCUA only.

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

Term

Up to 5 years

APRas low as

10.75%

Amount (up to 90% Purchase Price or Value)

$5,000 to $20,000

Term

Up to 12 years

APRas low as

10.75%

Amount (up to 90% Purchase Price or Value)

$20,001 to $75,000

Term

Up to 15 years

APRas low as

10.75%

Amount (up to 90% Purchase Price or Value)

$75,001 to $150,000

RV Loans

Term

APR1 as low as

Amount (up to 90% Purchase Price or Value)

1APR=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. Loan amount up to 90% of value, up to $150,000. Vehicles for personal, non-business use and houseboats used as primary residences as defined by the IRS and NCUA only.

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

Term

Up to 5 years

APR1 as low as

10.75%

Amount (up to 90% Purchase Price or Value)

$5,000 to $20,000

Term

Up to 12 years

APR1 as low as

10.75%

Amount (up to 90% Purchase Price or Value)

$20,001 to $75,000

Term

Up to 15 years

APR1 as low as

10.75%

Amount (up to 90% Purchase Price or Value)

$75,001 to $150,000