New and Used Auto Loans
Shopping for a New or Used Car?
Shopping for a New or Used Car?
Get great benefits with our low-rate auto loans.
Your Next Car Is Within Reach
Set your wheels in motion with an auto loan from Navy Federal. All our new and used car loans come standard with competitive, low rates that can help you save money.
Auto Loan Features & Benefits
- Easy application process
- Decisions in seconds
- Discounts for military members1
- Free CARFAX® Report with approval2
Calculate Your Payment3
Use our Auto Loan Calculator to find the best monthly payment for you.
New & Used Car Loan Rates4
| 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 | 1.79% | 2.19% | 2.29% | 4.69% | 5.59% |
| Late Model Used Vehicle | 2.19% | 2.29% | 3.79% | N/A | N/A |
| Used Vehicle | 3.79% | 3.79% | 4.19% | N/A | N/A |
Rates as of Oct 25, 2021 ET.
Late Model Used Vehicles: 2020, 2021 and 2022 model years with 7,500-30,000 miles.Used Vehicles: 2019 and older model years or any model year with over 30,000 miles. If the vehicle is 20 years or older based on the model year, the vehicle is considered classic or antique and subject to collateral loan rates.
Auto Resources
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Car Buying Service
Shop, compare and save thousands off Manufacturer Suggested Retail Price (MSRP) on 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.
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Auto Insurance & Asset Protection
We can help you get a great deal on auto insurance, as well as Guaranteed Asset Protection.
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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.
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How to Apply for an Auto Loan
Get a great rate with an easy application process, plus decisions in seconds.
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Auto Loan Preapproval Process
A preapproval allows you to shop with confidence, knowing how much car you can afford.
Learn Moreabout Auto Loan Preapproval Process
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.
↵Two CARFAX Vehicle History Reports™ may be accessed while your auto loan preapproval through Navy Federal remains open. If you do not obtain a preapproval, a CARFAX Vehicle History Report™ will be sent to you for the used vehicle you finance with Navy Federal. Offer may expire at any time. It is intended for personal use only and may not be used for commercial purposes. Navy Federal Credit Union is in no way responsible for the accuracy of the CARFAX Vehicle History Reports™. Access to CARFAX Vehicle History Reports™ is subject to CARFAX consumer Terms and Conditions. CARFAX reserves the right to take appropriate action for the misuse of this offer. CARFAX is a registered trademark of CARFAX, Inc. CARFAX Vehicle History products and services are based only on information supplied to CARFAX. CARFAX does not have the complete history of every vehicle. Use the CARFAX search as one important tool, along with a vehicle inspection and test drive, to make a better decision about your next used car.
↵Credit and collateral subject to approval. Rates subject to change and are based on creditworthiness, so your rate may differ. Boat and recreational vehicles must be used for recreational purposes only.
Boats: New boat loan of $20,000 for 3 years at 5.95% APR will have a monthly payment of $611.
$25,000 minimum amount financed for 61-84 months. $30,000 minimum amount financed over 84 months.
New Motorcycles: 2020, 2021 and 2022 model years with less than 1,000 miles. New motorcycle loan of $15,000 for 3 years at 6.95% APR will have a monthly payment of $465.
$25,000 minimum amount financed for 61-72 months. $30,000 minimum amount financed for 73-84 months.
Used Motorcycles: 2019 and older model years, or more than 1,000 miles regardless of title history. $25,000 minimum amount financed for 61-72 months.
Other Collateral: Loan for other collateral of $15,000 for 3 years at 7.99% APR will have a monthly payment of $473.
$25,000 minimum amount financed for 61-84 months. $30,000 minimum amount financed for over 84 months. Collateral loans available for up to 180 months for home improvement on your primary residence.
Credit and collateral subject to approval. Rates subject to change and are based on creditworthiness, so your rate may differ. New Vehicles: 2020, 2021 and 2022 model years with 7,499 miles or less. Minimum loan amount is $30,000 for terms of 85-96 months.
Payment example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572.
Late Model Used Vehicles: 2020, 2021 and 2022 model years with 7,500-30,000 miles.
Used Vehicles: 2019 and older model years or any model year with over 30,000 miles.
If the vehicle is 20 years or older based on the model year, the vehicle is considered classic or antique and subject to collateral loan rates.
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