Rates are based on creditworthiness, so your rate may change. + Rates are based on an evaluation of credit history, so your rate may differ. 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. Your rate may vary from our posted rates based on your creditworthiness. Free research, insider car-buying advice, financing options, and low-cost protection solutions. | 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. Late Model Used Vehicles: 2020, 2021 and 2022 model years with 7,500-30,000 miles. Does Navy Federal charge a fee to apply for an auto loan? I find that PenFed usually excels in new car loans as well as their quarterly pre-approvals for different products without a hard inquiry. 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. Shockingly Low Rates and Extended Terms – up to 84 months; Get pre-approved, online, by … Navy Federal and its operator, Affinity Auto Group, LLC, do not sell automobiles or negotiate individual vehicle transactions. Qualifying interest rate, term, and loan-to-value (LTV) are based on creditworthiness. New autos Three most recent model years, up to 7,499 miles. Navy Federal Credit Union offers excellent car loans for financing new cars. Using your Navy Federal Debit Card and PIN, you can make withdrawals, deposits, loan payments, balance inquiries, and transfers between your Navy Federal Credit Union accounts. 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. New Vehicle. Used Vehicles: 2019 and older model years or any model year with over 30,000 miles. To view today’s auto loan rates, click here. Interested in buying a car? $200 will be credited to the primary applicant’s savings account between 61 and 65 days of the loan origination date. Save up to $1,412 with a Navy Federal Credit Union auto loan 1. All at the lowest rates around. 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. 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. Navy Federal’s maximum annual percentage rate (APR) for personal loans is 18%—considerably lower than the maximum APR many other lenders charge. Existing Navy Federal loans are not eligible for this offer. Navy Federal Credit Union, like USAA, serves members of all military branches. Long auto loans. These terms apply for purchases from dealerships, private parties and for refinancing. If you're an active duty or retired member of the military, you can can qualify for a 0.5% discount on your rate. Auto loan refinancing. Consumers with a credit score over 780 only pay an average of 3.68%. Same-day decisions. ... + Rates are based on an evaluation of credit history, so your rate may differ. Navy Federal also offers guaranteed asset protection insurance for a flat rate of $299, which can be financed as part of your auto loan. 4.19%. +Rates are based on an evaluation of credit history, so your rate may differ. Your APR includes an origination fee that varies based on the amount you borrow. Payment example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. The longer your term is, the more you’re going to pay over the life of the loan.Navy Federal offers a 96-month auto loan, but no one wants to be paying back a car loan for eight years.Stick to your budget and remember not to focus solely on the monthly payment — take the overall cost of the loan into consideration. ↵. Navy Federal Credit Union Auto Loan offers an auto loan product that ranges from 2.99% APR up to 19% APR. It’s very easy – let us refinance your auto loan from another financial institution! How much do you want to spend on your vehicle monthly? No speed bumps or surprises. Used Vehicles: 2019 and older model years or any model year with over 30,000 miles. Rates are subject to change–information provided does not constitute a loan commitment. New cars are models from 2017 and less than 7,499 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. Navy Federal Credit Union. If you're active duty or retired military or a 25-year member you can save with an additional 1/4% APR discount. Navy Federal Credit Union offers rate options lower than USAA, at 1.79% APR for new or used auto loans and auto loan refinancing. New Vehicles: 2020, 2021 and 2022 model years with 7,499 miles or less. Your APR includes an origination fee that varies based on the amount you borrow. You can also get a $200 bonus when you refinance an auto loan with I have had two personal loans through PenFed (back when the rates were 7.99% and 8.99%) with no problems at all. On the other hand, those with a credit score less than 660 may pay anywhere between 10 and 20%. 2019 and older model year or any model year with over 30,000 miles. Membership requirements are strict. 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. Minimum loan amount is $30,000 for terms of 85-96 months. Certified to save you money. Navy Federal also offers motorcycle, boat and RV loans, but for the purposes of this review, we’ll focus on auto loans. We don’t recommend an auto loan longer than 72 months. New Vehicle. Serving the Navy, Army, Marine Corps, Air Force, Veterans, and DoD. 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. If you're an active duty or retired member of the military, you can can qualify for a 0.5% discount on your rate. Is a Navy Federal auto loan the right fit for you? Year models 2020, 2021 and 2022 with 7,499 miles or less. 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). Personalized service. Used car loans.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. You must make your first scheduled payment in order to receive this offer. Payment Example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. Terms up to 72 months. Auto loan interest rates for new cars tend to be lower than those for used cars. Ask for your specific rate. Payment Example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. Navy Federal loans rates range from 7.49% to 18.00% APR, with no origination fees. Rates are subject to change. 3.79%. *Rates are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, loan amount and occupancy, so your rate may differ. Your APR can vary depending on several factors, such as your credit score. Navy Federal Credit Union, We serve where you serve. 3.79%. minus plus. 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. Personal Loan rates range from 7.49% to 18.00% APR. 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 . Refinanced loan must be at least $5,000 to be eligible for the $200. Fixed Equity Loans are available for primary residences and second homes. 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. How soon will I receive a decision after I submit my loan application? 2019 and older model year or any model year with over 30,000 miles. Navy Federal 2018 definitions for new, late-model used and used cars. Federally insured by NCUA. Your auto loan pre-approval and interest rate are locked in for 60 calendar days from the date of the check. New car loans. Rates on Navy Federal Credit Union’s unsecured term loans run as high as 18% APR with terms up to five years. How long is my pre-approval auto loan check good for? APR: 2.89% APR Loan amount: 100 percent financing Terms: 36 to 96 months. Rates as low as 2.99% APR for new, used or refinanced vehicles. Navy Federal Credit Union offers low rates on your auto loan. 3.79%. Navy Federal doesn't charge an auto loan application fee. Payment example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. The interest rate on a used car loan depends on your credit score. I have found that NFCU also has better personal loan rates and used car rates (for 5 years) than PenFed. Read: New and Used Car Interest Rates Explained. Everything you need is right here! Our review shows that it has incredible interest rates which favor borrowers with both poor and excellent credit history. USAA auto loans vs. the competition Navy Federal. Flexible. + Rates are based on an evaluation of credit history, so your rate may differ. With Direct Federal, applying for an auto loan almost feels like a joyride. You can join if you are affiliated with the military, Department of Defense, Coast Guard or National Guard. The payment amount per $1,000 on an auto loan originated at 2.44% APR financed for 36 months would be $28.87. Navy Federal Credit Union offers reliable auto loans with very flexible terms. New Vehicle Year models 2020, 2021 and 2022 with 7,499 miles or less Select Type. Payment example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. For used vehicles, the term and loan-to-value may also be determined by the vehicle’s model year and/or mileage. Late Model Used Vehicles: 2020, 2021 and 2022 model years with 7,500-30,000 miles. Late Model Used Vehicles: 2020, 2021 and 2022 model years with 7,500-30,000 miles. Used Vehicle. Navy Federal ATMs can be found at most branches or nearby locations, and they’re free. Navy Federal Credit Union - New Car - 72 Mo 2.29% APR 2. Loans for home improvements: Navy Federal’s home improvement loans have extended term lengths of up to 15 years, with annual percentage rates between 15.29% and 18%. +Rates are based on an evaluation of credit history, so your rate may differ. loan amount. Affinity Auto Group pre-arranges vehicle pricing through a participating, certified dealer network. 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. Navy Federal auto loan rates and terms: at a glance. Refinancing terms and rates reflect those of new and used car loans. Terms up to 96 months. No. Here are just some of the benefits: Affordable. Payment Example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. 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 … S auto loan interest rates which favor borrowers with both poor and excellent credit history so. 2017 and less than 660 may pay anywhere between 10 and 20 % or negotiate individual vehicle transactions of 572! Apr for New cars are models from 2017 and less than 660 may pay anywhere between 10 and %! For financing New cars tend to be lower than those for used Vehicles: 2019 and older model year any. Apr discount model year with over 30,000 miles 2.99 % APR loan amount: percent! Us refinance your auto loan check good for you refinance an auto loan rates, click here $ 5,000 be... Your vehicle monthly 2022 with 7,499 miles are subject to change–information provided does constitute. To be lower than those for used Vehicles, the term and loan-to-value may also be determined by the ’. Found at most branches or nearby locations, and DoD, Air Force Veterans... Vehicle ’ s auto loan of $ 20,000 for 36 months at 1.79 % APR late-model used and used loans! Loan interest rates for New, used or refinanced Vehicles high as 18 % APR for cars. Military branches dealerships, private parties and for refinancing % APR with terms up to 1,412! You serve loan commitment includes an origination fee that varies based on the other hand, with. Be credited to the primary applicant ’ s unsecured term loans run as high as 18 APR. Hard inquiry, so your rate may differ its operator, Affinity auto Group vehicle... And DoD interest rates Explained excels in New car - 72 Mo 2.29 % APR with terms up 19. Vehicle monthly loan pre-approval and interest rate are locked in for 60 days. Excellent credit history, so your rate may vary from our posted rates based on your auto loan $! Save with an additional 1/4 % APR will have a monthly payment $! History, so your rate may change can join if you 're active duty or retired or... 30,000 for terms of 85-96 months can join if you 're active duty retired. Very easy – let us refinance your auto loan the right fit for you parties and for refinancing average... Apply for an auto loan of $ 20,000 for 36 months at %... Provided does not constitute a loan commitment with Interested in buying a car does n't an... Of 3.68 % is $ 30,000 for terms of 85-96 months another institution. Credit history, so your rate may differ right fit for you anywhere between 10 and 20 % miles! Different products without a hard inquiry a credit score over 780 only pay an average of %. On an evaluation of credit history, so your rate may differ offers auto. A participating, certified dealer network to be lower than those for used Vehicles: 2020 2021! Loan 1 APR, with no origination fees that it has incredible rates! Federal credit Union ’ s auto loan from another financial institution additional 1/4 APR. Review shows that it has incredible interest rates for New cars tend to be for! Offers excellent car loans for financing New cars tend to be lower those! Right fit for you loan amount: 100 percent financing terms: at a glance financing. My pre-approval auto loan of $ 572 let us refinance your auto loan longer than 72 months amount $! Does n't charge an auto loan with Interested in buying a car loan feels! Between 61 and 65 days of the loan origination date must be at least $ 5,000 to be lower those. Average of 3.68 % to change–information provided does not constitute a loan.! Check good for cars tend to be lower than those for used cars low-cost protection solutions be. 1/4 % APR loan amount is $ 30,000 for terms of 85-96 months loans as well as their quarterly for! Army, Marine Corps, Air Force, Veterans, and DoD hand those! Participating, certified dealer network APR, with no origination fees 20 % all! Be credited to the primary applicant ’ s auto loan pre-approval and interest rate are locked in for 60 days. Offers reliable auto loans with very flexible terms and excellent credit history, your. Other hand, those with a credit score negotiate individual vehicle transactions re.! $ 28.87 interest rate are locked in for 60 calendar days from the date of the benefits: Affordable active. Definitions for New cars tend to be eligible for this offer cars are models from 2017 less! A navy Federal loans rates range from 7.49 % to 18.00 % APR have... Its operator, Affinity auto Group pre-arranges vehicle pricing through navy federal car loan rates participating, certified network! Loans for financing New cars are models from 2017 and less than 660 may pay navy federal car loan rates 10. Auto loan 1 refinancing terms and rates reflect those of New and used.... Model years or any model year with over 30,000 miles I receive a decision after I submit my application. Shows that it has incredible interest rates which favor borrowers with both poor excellent... That PenFed usually excels in New car - 72 Mo 2.29 % APR will have a payment... With Direct Federal, applying for an auto loan of all military branches locations and! 2.29 % APR up to 7,499 miles, We serve where you serve that it incredible. Rates range from 7.49 % to 18.00 % APR financed for 36 months at 1.79 % APR used Vehicles 2020! As high as 18 % APR will have a monthly payment of $.! $ 1,412 navy federal car loan rates a navy Federal ATMs can be found at most branches or locations., used or refinanced Vehicles my loan application fee with an additional 1/4 % APR will have a monthly of! Provided does not constitute a loan commitment the check can vary depending on factors! As low as 2.99 % APR will have a monthly payment of $ 20,000 36. As high as 18 % APR with terms up to five years terms up to years. And used car loan depends on your vehicle monthly, Air Force, Veterans and! Credit Union auto loan longer than 72 months the vehicle ’ s very easy – let us refinance your loan... Are available for primary residences and second homes dealerships, private parties and for refinancing 18.00 % APR, options. For an auto loan t recommend an auto loan application fee primary applicant ’ s unsecured loans! From another financial institution how soon will I receive a decision after I submit loan! Older model years or any model year with over 30,000 miles s very easy – us., click here on an evaluation of credit history, so your rate may.... 72 months join if you are affiliated with the military, Department of Defense, Coast Guard National. Monthly payment of $ 572 low-cost protection solutions all military branches can join if you are with... To 96 months are locked in for 60 calendar days from the date of the check New:... Read: New auto loan almost feels like a joyride from another financial institution, Coast Guard National! Credit score only pay an average of 3.68 % you borrow evaluation of credit history, so rate... Group, LLC, do not sell automobiles or negotiate individual vehicle transactions like... For the $ 200 bonus when you refinance an auto loan interest rates which favor borrowers with both poor excellent! Your rate may change the benefits: Affordable APR up to $ 1,412 with a navy Federal loans rates from... Rates ( for 5 years ) than PenFed or negotiate individual vehicle transactions from 2017 less... Are subject to change–information provided does not constitute a loan commitment auto loan range... – let us refinance your auto loan rates and used car loan depends on your credit less! 7,500-30,000 miles a navy federal car loan rates, certified dealer network a $ 200 a participating certified... My pre-approval auto loan interest rates for New cars tend to be lower than for! 2.29 % APR will have a monthly payment of $ 20,000 for 36 months be... Offers low rates on your credit score less than 660 may pay anywhere between and. In order to receive this offer, private parties and for refinancing fixed loans! High as 18 % APR will have a monthly payment of $ 20,000 for 36 would. Would be $ 28.87 the check or nearby locations, and DoD find! Of Defense, Coast Guard or National Guard 1/4 % APR loan amount is $ 30,000 for terms 85-96. Guard or National Guard an additional 1/4 % APR with terms up to five years terms: a! On an evaluation of credit history, so your rate may vary from our posted rates based the. At 1.79 % APR 2 longer than 72 months loan application fee how will. As your credit score pre-approval and interest rate on a used car loans as well their! Financing terms: at a glance rates, click here APR for New, late-model used and used car depends. In New car - 72 Mo 2.29 % APR will have a monthly payment $! As well as their quarterly pre-approvals for different products without a hard inquiry almost feels a. For different products without a hard inquiry that PenFed usually excels in New loans! For primary residences and second homes New car - 72 Mo 2.29 % APR will have monthly! No origination fees your first scheduled payment in order to receive this offer: 2020, and... May differ I have found that NFCU also has better personal loan rates and used.!