New and Used Auto Loans
Your Next Car Is Within Reach
Set your wheels in motion with an auto loan from Navy Federal. Our new and used car loans come standard with competitive rates that could help you save money.
Auto Loan Features & Benefits
- Easy application process
- Decisions in seconds
- Discounts for military members1
- Preapproved loans are good for 90 days
Best Auto Loan Lenders 2023 – Best for new car purchases
New & Used Car Loan Rates2
| 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% | 4.74% | 5.04% | 6.94% | 7.84% |
| Used Vehicle | 5.44% | 5.74% | 5.84% | N/A | N/A |
Rates as of Oct 04, 2023 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 Vehicle: 2022, 2023 and 2024 model year vehicles with 30,000 or fewer miles.
Used Vehicles: 2021 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.
Experience Our Car Buying Center
Our fully loaded Car Buying Center has everything you need to finance, buy, research, protect and enjoy your next car—all in one place.
Plus, you could enjoy great savings through exclusive member benefits3 from TrueCar®, CARFAX®4, Liberty Mutual®5 and SiriusXM.
Calculate Your Payment
Use our Auto Loan Calculator to find the best monthly payment for you.
Auto Resources
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Car Buying Center
We can help you find everything you need to finance, buy, research, protect and enjoy your next car. Plus, you could enjoy great discounts, too!
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Car Buying Service
Shop for your next new or used car with our Car Buying Service, powered by TrueCar.
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Registration & Titling
Learn the ins and outs of the car registration process.
Learn More about Registration & Titling
Auto Learning Center
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The Car-Buying Process
Want to get a great deal on your next car? Put yourself in the driver's seat with these steps.
Learn More about The Car-Buying Process -
How to Apply for an Auto Loan
Get a great rate with an easy application process, plus decisions in seconds.
Learn More about How to Apply for an Auto Loan -
Auto Loan Preapproval Process
A preapproval allows you to shop with confidence, knowing how much car you can afford.
Learn More about Auto Loan Preapproval Process
FAQs
Can I get approved for an auto loan before I pick out my car?
Yes. Your auto loan preapproval allows you to know exactly how much car you are preapproved for before you shop. Remember—while you negotiate the best price with either a dealer or seller, don’t reveal to the seller the maximum amount of finance you are preapproved for.
How do you determine the interest rate on my auto loan?
Your auto loan rate is based on your:
- credit and financial history
- amount financed
- length (term) of the loan
- car’s model year
- car's exact mileage reading
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 can I use Navy Federal’s Car Buying Service, powered by TrueCar®, to buy a car?
Visit our Car Buying Service, powered by TrueCar®6 page and click on “Shop Now.” Follow the prompts to:
- search online for new or used cars
- get up-front pricing on local inventory from TrueCar-certified dealers
- see what others paid for cars like the one you want
- access special incentives on select vehicles
- trade in or sell your car with an online cash offer in minutes
Disclosures
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.
↵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: 2022, 2023 and 2024 model year vehicles 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: 2021 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.
↵Navy Federal Credit Union is in no way responsible for any product, service, purchase or lease 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 to Navy Federal Credit Union members through TruStage™. Auto and Home Insurance Products are issued by Liberty Mutual Insurance Company or its subsidiaries or affiliates, 175 Berkeley Street, Boston, MA 02116 USA. © 2023 Liberty Mutual Insurance. In Texas, coverage provided and underwritten by Liberty County Mutual Insurance Company, 7900 Windrose Avenue, Plano, TX 75024. All statements made are subject to provisions, exclusions, conditions, and limitations of the applicable insurance policy. Coverages and features not available in all states. Discounts are not available in all states and discounts vary by state. Certain discounts apply to specific coverages only. To the extent permitted by law, applicants are individually underwritten; 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. Please consult your policy for specific coverages and limitations. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by Navy Federal Credit Union. Navy Federal Credit Union is in no way responsible for any products or services provided by or through TruStage , Liberty Mutual or their affiliates, subsidiaries, and insurance company partners. Navy Federal Credit Union enables this insurance program to be offered and is entitled to compensation from TruStage Insurance Agency, LLC. © TruStage
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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 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.