To continue enjoying all the features of Navy Federal Online, please use a compatible browser. You can confirm your browser capability here.

Auto Loan Rates as Low as 4.54% APR for New Vehicles1

Auto Loan Rates as Low as 4.54% APR for New Vehicles1

You could get a decision in seconds, plus a discount for active duty and retired military.2

See How Much You Could Save With Our Amazing Auto Loan Rates

Whether you’re looking to buy a new or used car, or even want to refinance your auto loan from another lender, we’re here to help.

Set your wheels in motion! Our auto loans can get you on the road in no time. 

  • Decisions in seconds, in most cases
  • Preapprovals that are good for 90 days
  • Exclusive military discounts to help you save2

Apply Now for a new or used auto loan 

View car loan details

Refinancing  could lower your interest rate, decrease your monthly payment or both. 

  • Opportunity to get $200 when you refinance your auto loan from another lender3
  • Loan terms that work for you
  • 24/7 access to a stateside member rep 

Apply Now to refinance your auto loan

View auto refinancing details

Today's Auto Purchase and Refinance Loan Rates1

Rates Table
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 4.54% 4.99% 5.29% 7.19% 8.09%
Used Vehicle 5.44% 5.99% 6.09% N/A N/A

Rates as of Jun 18, 2024 ET.

Disclosures and Definitions
Advertised “as low as” annual percentage rates (APR) assume excellent borrower credit history. Your actual APR may differ and will be based upon several factors, including credit history, model year, term, and loan amount. Rates subject to change. Loan terms greater than 72 months only available for vehicles with fewer than 7,500 miles. Minimum loan amount is $30,000 for terms of 85-96 months.

New Vehicles: New and late model used vehicles (2023 and newer model years) with 30,000 or fewer miles.
Used Vehicles: 2022 and older model years or any model year with over 30,000 miles. Vehicles 20 years or older (based on model year) are considered classic or antique and subject to Other Eligible Vehicle rates.



Calculate Your Estimated Monthly Car Loan Payment

Crunch More Numbers

Use our additional auto loan calculators to look at different finance options before you buy.

See What Our Members Have to Say 

"The rates are excellent and the representatives take their time to explain the process and are very helpful."4

-Navy Federal Member Monington

Auto Loan FAQs

What are the current rates for new and used auto loans?

Our advertised rates are subject to change at any time and depend on factors that include the applicant’s credit, the amount financed, loan term and vehicle characteristics. However, we offer competitive rates and flexible terms. Your actual Annual Percentage Rate (APR) will be based on your specific situation. Check out our auto loan options.

Do you have different rates for buying a new car vs. buying a used car?

Yes, our rates are different for new- or used-car purchases. View our rates here.

What will my monthly payment be?

Your monthly payment will be determined by several factors, including your loan amount, term and interest rate. You can estimate what your monthly payment could be with our Auto Loan Calculator.

Do I need to be a Navy Federal member to apply for an auto loan?

If you’re not a member, you can apply for an auto loan, but you’ll need to become a member in order to complete your loan. Learn more about joining Navy Federal. 

Can I get approved for an auto loan before I pick out my car?

Yes. That's called a preapproval, and it allows you to know exactly how much car you're preapproved for before you shop. Remember—while you negotiate the best price with a dealer, don’t reveal to them the maximum amount of financing you're preapproved for.

How long is my preapproval auto loan check good for?

Your auto loan preapproval is good for 90 calendar days from the date of the check.

How do I apply for an auto loan?

After signing in to your account via the mobile app5 or online banking, you can apply for your auto loan in just a few minutes. There's no fee to apply, and most decisions are instant. In cases where applications require more attention, we'll send you an email and/or a text.

If approved for an auto loan, we’ll mail you a check or you could pick it up at your nearest branch. Once you pay the seller, ensure the title is received by Navy Federal within 90 days of purchase. You can also apply over the phone at 1-888-842-6328 or at a branch.

How long does it take to fill out the form to apply for an auto loan from Navy Federal? 

It typically takes less than 10 minutes to complete an application.

What type of information do you collect when I apply for an auto loan?

When applying for an auto loan, you'll need to provide the following details for yourself and any co-applicant:

  • Contact information (phone number and email)
  • Current housing, employment and income information
  • Any vehicle trade-in information (title or loan information, registration, etc.)
  • Amount expected to finance (including vehicle purchase price, taxes, tags, title and warranty, minus any down payment)
  • Length (term) of the desired loan

And, if you’ve already picked out the vehicle you wish to buy, you’ll also need:

  • the 17-character vehicle identification number (VIN)
  • the state where you’ll register the vehicle
  • the exact mileage reading
  • the dealer or seller's name

For refinance loans, you'll need to give us specific vehicle information such as the VIN, exact mileage, lender contact information and payoff amount.

If I'm at the dealership and have picked out my new car, can I get auto financing quickly through Navy Federal? 

Yes, you can easily apply for an auto loan right from your phone via our mobile app.5 In most cases, you'll receive a decision seconds. Once you're approved,  stop by our nearest branch to pick up your check.

How soon will I receive a decision after I submit my loan application?

Within seconds, in most cases! If you provided your email address during the application process, we'll send you a follow-up email with more details.

Once my loan is approved, how do I get my check?

You can receive your check the following ways:

  • By mail sent to the address you provided (there may be a fee depending on delivery type)
  • By picking it up at a branch

Note: If the co-applicant's address is different from the primary applicant's address, the loan check and promissory note—or loan contract—are sent to the co-applicant first.

Can I refinance my existing auto loan through Navy Federal?

Yes, you can apply to refinance your existing auto loan if the loan is currently with another lender. Credit and collateral are subject to approval.

What are the current rates for auto refinancing loans?

View our loan rates here.

Does Navy Federal charge an application fee?

No. Navy Federal doesn't charge an auto loan application fee.

Need to Talk?

Stateside member reps are here for you 24/7. Reach us online, over the phone or at a branch. Contact us.

If you're ready to apply for an auto loan or want to check the status of your loan, please call us at 1-888-842-6328.

Simplify Your Search

Our fully loaded car buying experience has everything you need to finance, buy, research, protect and enjoy your next car.


Have More Questions? Get the Info in Our Auto Learning Center

Whether you're a first-time car buyer or you've been down this road before, learn how to take the next steps toward your next car.

Disclosures

1

Credit and collateral subject to approval. Advertised “as low as” annual percentage rates (APR) assume excellent borrower credit history. Your actual APR may differ and will be based upon several factors, including credit history, model year, term, and loan amount. Rates subject to change.

New Vehicles: New and late model used vehicles (2023 and newer model years) with 30,000 or fewer miles. Loan terms greater than 72 months only available for vehicles with fewer than 7,500 miles. Minimum loan amount is $30,000 for terms of 85-96 months.

Payment example: New auto loan of $20,000 for 36 months at 4.54% APR will have a monthly payment of $597.

Used Vehicles: 2022 and older model years or any model year with over 30,000 miles. Vehicles 20 years or older (based on model year) are considered classic or antique and subject to Other Eligible Vehicle rates

2

Direct deposit required. This military special may expire at any time. Applicants must contact Navy Federal by phone or visit a branch to receive the discount. Active Duty rate discounts (which are also available for retired military members) can be applied, subject to certain restrictions.

3

Credit and collateral subject to approval. Existing Navy Federal loans are not eligible for this offer. Auto refinance loan must be at least $5,000. Loan must be open for at least 60 days with first scheduled payment made to be eligible for the $200, which will be credited to the primary applicant’s savings account between 61 and 65 days of the loan origination date. Offer may end at any time. Recipient is solely responsible for any personal tax liability arising out of this incentive.

4

The views expressed in the reviews are solely those of the individuals posting them. The testimonials are substantively the words of the individual reviewer, but may have undergone minor clerical 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.

5

We offer this service free of charge. Your mobile carrier will apply standard text messaging rates. Message and data rates may apply. Terms and Conditions are available.

The views expressed in the reviews are solely those of the individuals posting them. The testimonials are substantively the words of the individual reviewer, but may have undergone minor clerical 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.