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New & Used Car Loan Rates
| Loan Type | Up to 36 mos. APR as low as | 37-60 mos. APR as low as | 61-72 mos. APR as low as | 73-84 mos. APR as low as | 85-96 mos. APR as low as |
|---|---|---|---|---|---|
| New Vehicle | 2.29% | 2.49% | 2.79% | 4.69% | 5.59% |
| Late Model Used Vehicle | 2.69% | 2.89% | 3.99% | N/A | N/A |
| Used Vehicle | 3.79% | 4.09% | 4.19% | N/A | N/A |
Vehicles that are 2020 or older model years or have more than 30,000 miles on them are considered used. If a vehicle is 20 years or older based on its model year, it is considered a classic or antique and is subject to special loan rates.
To qualify for this military special, a direct deposit is required, and the offer may expire at any time. To receive the discount, applicants must contact Navy Federal by phone or visit a branch. Active duty military members, as well as retired military members, may be eligible for additional rate discounts, subject to certain restrictions.
Approval for credit and collateral is required. The rates are subject to change and depend on creditworthiness, so the rate offered may differ from person to person.
New vehicles that are model years 2021, 2022, and 2023 with 7,499 miles or less are eligible. The minimum loan amount is $30,000 for terms of 85-96 months. An example of a payment for a new auto loan of $20,000 for 36 months at 2.29% APR would have a monthly payment of $576.
“Late Model Used Vehicles” are defined as vehicles that are model years 2021, 2022, and 2023 with 7,500-30,000 miles. “Used Vehicles” are defined as vehicles that are 2020 or older model years or have more than 30,000 miles on them. If a vehicle is 20 years or older based on its model year, it is considered a classic or antique and is subject to special loan rates. It’s important to note that Navy Federal Credit Union is not responsible for any products, services, purchases or leases provided by or through the Navy Federal Car Buying Service, TrueCar, CARFAX, TruStage, Liberty Mutual or SiriusXM.
CARFAX is a registered trademark of CARFAX, Inc. Liberty Mutual Insurance is made available through the TruStage Auto & Home Insurance Program, which is provided by TruStage Insurance Agency, LLC. Coverage is underwritten by Liberty Mutual Insurance Company or its subsidiaries or affiliates and is headquartered at 175 Berkeley Street, Boston, MA 02116 USA. The program is only available in certain states and discounts vary by state and apply to specific coverages only.
It’s important to note that the insurance offered is not a deposit and is not federally insured, sold or guaranteed by Navy Federal Credit Union. Also, the underwriting process for applicants is individually based, not all applicants may qualify. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy, where state laws and regulations allow. It’s important to consult your policy for specific coverages and limitations. Navy Federal Credit Union enables this insurance program to be offered and is entitled to compensation from TruStage Insurance Agency, LLC. The Copyright belongs to Liberty Mutual Insurance and the date mentioned is 2022.
Navy Federal Credit Union is not responsible for any products or services provided by or through TruStage, Liberty Mutual or their affiliates, subsidiaries, and insurance company partners. The Copyright belongs to TruStage Insurance Agency and the date mentioned is 2022. The document is identified by the number AUT-3890383.2-0422-0524.
TrueCar operates the Navy Federal Car Buying Service. Navy Federal is not responsible for any purchase, lease or service provided by or through the Navy Federal Car Buying Service. The reviews and testimonials posted on the website are the sole opinions of the individuals posting them and are not endorsed by Navy Federal Credit Union. The testimonials may have undergone minor revisions to ensure readability, add context, or protect private information. Any imagery displayed is for decorative purposes only and is not necessarily associated with the reviewer.