We don’t recommend an auto loan longer than 72 months. Used Vehicle. Rates are subject to change–information provided does not constitute a loan commitment. Save up to $1,412 with a Navy Federal Credit Union auto loan 1. Affinity Auto Group pre-arranges vehicle pricing through a participating, certified dealer network. Navy Federal also offers motorcycle, boat and RV loans, but for the purposes of this review, we’ll focus on auto loans. ↵. Payment Example: A loan amount of $5,000 for 36 months has a payment range from $156 to $183 and finance charge range from $623 to $1,598. Flexible. Fixed Equity Loans are available for primary residences and second homes. Qualifying interest rate, term, and loan-to-value (LTV) are based on creditworthiness. Is a Navy Federal auto loan the right fit for you? Serving the Navy, Army, Marine Corps, Air Force, Veterans, and DoD. These terms apply for purchases from dealerships, private parties and for refinancing. Year models 2020, 2021 and 2022 with 7,499 miles or less, Minimum loan amount is $30,000 for terms of 85-96 months, Year models 2020, 2021 and 2022 with 7,500-30,000 miles. The interest rate on a used car loan depends on your credit score. Navy Federal also offers guaranteed asset protection insurance for a flat rate of $299, which can be financed as part of your auto loan. Terms up to 96 months. APR: 2.89% APR Loan amount: 100 percent financing Terms: 36 to 96 months. On the other hand, those with a credit score less than 660 may pay anywhere between 10 and 20%. Select Type. Navy Federal 2018 definitions for new, late-model used and used cars. Navy Federal Credit Union offers reliable auto loans with very flexible terms. Interested in buying a car? Navy Federal Credit Union offers low rates on your auto loan. Used car loans.Terms up to 72 months. 2019 and older model year or any model year with over 30,000 miles. Rates as low as 2.99% APR for new, used or refinanced vehicles. It’s very easy – let us refinance your auto loan from another financial institution! You can join if you are affiliated with the military, Department of Defense, Coast Guard or National Guard. How much do you want to spend on your vehicle monthly? All rates shown are “as low as.” Be sure to check out the Car, Truck, and Home Equity Loan Rates for more details about rates, terms, and some important fine print. Navy Federal Credit Union offers excellent car loans for financing new cars. Personalized service. Used Vehicles: 2019 and older model years or any model year with over 30,000 miles. Rates on Navy Federal Credit Union’s unsecured term loans run as high as 18% APR with terms up to five years. Your auto loan pre-approval and interest rate are locked in for 60 calendar days from the date of the check. +Rates are based on an evaluation of credit history, so your rate may differ. Auto loan interest rates for new cars tend to be lower than those for used cars. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools . For used vehicles, the term and loan-to-value may also be determined by the vehicle’s model year and/or mileage. Your APR includes an origination fee that varies based on the amount you borrow. + Rates are based on an evaluation of credit history, so your rate may differ. Navy Federal Credit Union offers rate options lower than USAA, at 1.79% APR for new or used auto loans and auto loan refinancing. Certified to save you money. If you're an active duty or retired member of the military, you can can qualify for a 0.5% discount on your rate. No speed bumps or surprises. Refinancing terms and rates reflect those of new and used car loans. Consumers with a credit score over 780 only pay an average of 3.68%. Navy Federal doesn't charge an auto loan application fee. Collateral that is 20 years and older will be subject to a Collateral Loan rate; these types of collateral do not qualify for our preapproval program. Our review shows that it has incredible interest rates which favor borrowers with both poor and excellent credit history. How soon will I receive a decision after I submit my loan application? Personal Loan rates range from 7.49% to 18.00% APR. The lowest APR for a used auto loan currently starts at 3.89 percent for terms up to 36 months, jumping to 5.29 percent for loans … If your car is totaled or stolen and you owe more on your auto loan than your car’s current market value, GAP insurance can help cover the difference. Used Vehicles: 2019 and older model years or any model year with over 30,000 miles. Navy Federal Credit Union Used Auto Loans Used auto financing is available for any vehicle older than three years with loan terms of up to 72 months. Payment Example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. 3.79%. Late Model Used Vehicles: 2020, 2021 and 2022 model years with 7,500-30,000 miles. Collateral that is 20 years and older will be subject to a Collateral Loan rate; these types of collateral do not qualify for our preapproval program. Existing Navy Federal loans are not eligible for this offer. One main reason a used car usually has a higher interest rate is that it’s typically more difficult for a lender to predict the resale value (or deprecation) of a used car (compared to a new car). Navy Federal and its operator, Affinity Auto Group, LLC, do not sell automobiles or negotiate individual vehicle transactions. Everything you need is right here! Rates are based on creditworthiness, so your rate may change. Membership requirements are strict. 4.19%. I find that PenFed usually excels in new car loans as well as their quarterly pre-approvals for different products without a hard inquiry. I have had two personal loans through PenFed (back when the rates were 7.99% and 8.99%) with no problems at all. USAA auto loans vs. the competition Navy Federal. The payment amount per $1,000 on an auto loan originated at 2.44% APR financed for 36 months would be $28.87. If you're active duty or retired military or a 25-year member you can save with an additional 1/4% APR discount. loan amount. Year models 2020, 2021 and 2022 with 7,499 miles or less; Minimum loan amount is $30,000 for terms of 85-96 months ; Late Model Used Vehicle. 2019 and older model year or any model year with over 30,000 miles. Payment Example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. No. Shockingly Low Rates and Extended Terms – up to 84 months; Get pre-approved, online, by … Your APR includes an origination fee that varies based on the amount you borrow. Navy Federal’s maximum annual percentage rate (APR) for personal loans is 18%—considerably lower than the maximum APR many other lenders charge. Payment example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. Payment Example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. New autos Three most recent model years, up to 7,499 miles. Terms up to 72 months. Payment Example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. Ask for your specific rate. With Direct Federal, applying for an auto loan almost feels like a joyride. Your rate may vary from our posted rates based on your creditworthiness. All at the lowest rates around. +Rates are based on an evaluation of credit history, so your rate may differ. I have found that NFCU also has better personal loan rates and used car rates (for 5 years) than PenFed. 3.79%. Your APR can vary depending on several factors, such as your credit score. minus plus. Navy Federal Credit Union's rate for a $25,000 auto loan beats the San Antonio Metro average by up to 54% and is eligible for a Datatrac Great Rate Award and saving you as much as $1,412 over the life of the loan. Federally insured by NCUA. Here are just some of the benefits: Affordable. New Vehicle. Auto loan refinancing. Navy Federal Credit Union is advertising auto loan rates as low as 3.99% APR for both new car loans and used car loans up to 60 months. Does Navy Federal charge a fee to apply for an auto loan? Payment example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. Long auto loans. You can also get a $200 bonus when you refinance an auto loan with Navy Federal auto loan rates and terms: at a glance. + Rates are based on an evaluation of credit history, so your rate may differ. Navy Federal Credit Union. Year models 2020, 2021 and 2022 with 7,499 miles or less. Same-day decisions. ... + Rates are based on an evaluation of credit history, so your rate may differ. You must make your first scheduled payment in order to receive this offer. New Vehicle. Late Model Used Vehicles: 2020, 2021 and 2022 model years with 7,500-30,000 miles. New Vehicles: 2020, 2021 and 2022 model years with 7,499 miles or less. New cars are models from 2017 and less than 7,499 miles. Refinanced loan must be at least $5,000 to be eligible for the $200. Navy Federal Credit Union Auto Loan offers an auto loan product that ranges from 2.99% APR up to 19% APR. Rates are subject to change. Late-model used car loans. Payment Example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. How long is my pre-approval auto loan check good for? Minimum loan amount is $30,000 for terms of 85-96 months. Navy Federal Credit Union - New Car - 72 Mo 2.29% APR 2. | Equal Housing Lender | APY = Annual Percentage Yield | APR = Annual Percentage Rate, Year models 2020, 2021 and 2022 with 7,499 miles or less, Minimum loan amount is $30,000 for terms of 85-96 months, Year models 2020, 2021 and 2022 with 7,500-30,000 miles. If you're an active duty or retired member of the military, you can can qualify for a 0.5% discount on your rate. New Vehicle Year models 2020, 2021 and 2022 with 7,499 miles or less 3.79%. Navy Federal Credit Union, We serve where you serve. Payment example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. In order to receive this offer those for used Vehicles, the term and loan-to-value may also be by... 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