Auto Loans
Auto loan rates as low as 3.89% APR for new carsFootnote [1]
Applying is easy, and you could get a decision in seconds. Plus, we offer a discount for Active Duty and retired military.Footnote [2]
Our Great Auto Loan Rates Pass Inspection. Hit the Road With the Right Rate!
Whether you’re looking to buy or refinance, we’re here to help.
Today's Auto Purchase and Refinance Loan RatesFootnote [1]
| Loan Term | 12-36 Months | 37-60 Months | 61-72 Months | 73-84 Months | 85-96 Months |
|---|---|---|---|---|---|
| New Auto Loan APR as low as | 3.89% | 4.29% | 4.59% | 6.49% | 7.39% |
| Used Auto Loan APR as low as | 4.79% | 5.29% | 5.39% | N/A | N/A |
- 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, loan type, model year, mileage, 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.
Definitions
New Vehicles: 2024 and newer model years with (a) under 7,500 miles, or (b) between 7,500 and 30,000 miles (late model used vehicles). NOTE: Vehicles with 7,500 or more miles are not eligible for loan terms greater than 72 months and may incur rates that differ from vehicles with fewer than 7,500 miles.
Used Vehicles: 2023 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
Our comprehensive suite of auto loan calculators is designed to help you make more informed decisions about your vehicle financing options. Whether you're considering a new or used car or deciding to either buy or lease, our tools have you covered.
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See What Our Members Have to Say
NFCU is the best place to get an auto loan. It took me less than 2 minutes for approval. Go to nearest branch pick up the check and go buy the car. I love it.Footnote [4]
- Navy Federal Member Richard
Car Buying Service
Shop for your next new or used car with our Car Buying Service, powered by TrueCar®.Footnote [5] You can search online for the car you want, see upfront price offers from TrueCar Certified Dealers,Footnote [6] get a trade-in offerFootnote [7] and see bonus incentives on select vehicles.
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.
Auto Loan FAQs
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What are the current rates for new and used auto loans?
We have competitive rates and a range of loan terms. Your actual Annual Percentage Rate (APR) will be based on your specific situation, and our advertised rates are subject to change at any time. Check out our auto loan options.
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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.
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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 your monthly payment with our Auto Loan Calculator.
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Do I need to be a Navy Federal member to apply for an auto loan?
Yes, you need to become a member before you can apply for an auto loan. Learn more about joining Navy Federal.
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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.
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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.
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How do I apply for an auto loan?
After signing in to your account via the mobile app* 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.
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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.
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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, and 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's 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.
- Contact information (phone number and email)
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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.Footnote [8] In most cases, you'll receive a decision in seconds. Once you're approved, stop by our nearest branch to pick up your check.
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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.
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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.
- By mail sent to the address you provided (there may be a fee depending on delivery type)
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Can I refinance my existing auto loan through Navy Federal?
Yes, if the auto loan is currently with another lender. Credit and collateral are subject to approval.
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What are the current rates for auto refinancing loans?
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Does Navy Federal charge an application fee?
No. Navy Federal doesn't charge an auto loan application fee.
Need to Talk?
Get 24/7 support from our US-based member service team. You can 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.
Disclosures
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, loan type, model year, mileage, term, and loan amount. Rates subject to change.
New Vehicles: 2024 and newer model years with (a) under 7,500 miles, or (b) between 7,500 and 30,000 miles (late model used vehicles). NOTE: Vehicles with 7,500 or more miles are not eligible for loan terms greater than 72 months and may incur rates that differ from vehicles with fewer than 7,500 miles.
Payment example: New auto loan of $20,000 for 36 months at 3.89% APR will have a monthly payment of $591.
Used Vehicles: 2023 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.
↵Direct deposit is 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.
↵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.
↵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.
↵TrueCar operates the Navy Federal Car Buying Service. Navy Federal is not responsible for any offer, purchase, lease, or service provided by or through the Navy Federal Car Buying Service.
↵TrueCar Certified Dealers are contractually obligated by TrueCar to meet certain customer service requirements and complete the TrueCar Dealer Certification Program.
↵Terms and conditions apply and are available at the Car Buying Service website, hosted by TrueCar.
↵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.
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