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If purchased from a private seller: Take the title, bill of sale and promissory note to the DMV, register the vehicle in your name and record Navy Federal as the first lien holder. In most cases, the DMV will send the title to Navy Federal; however, should you receive the title after registration and lien placement, simply forward it to Navy Federal using the envelope provided in your loan package or mail to: Navy Federal Credit Union, P.O. Box 25109, Lehigh Valley, PA 18002.
If purchased from a dealer: In general, the dealer will complete the DMV registration and lien placement and, in most cases, the DMV will forward the title to Navy Federal. Should you receive the title after registration and lien placement, simply forward it to Navy Federal using the envelope provided in your loan package or mail to: Navy Federal Credit Union, P.O. Box 25109, Lehigh Valley, PA 18002. If the dealer is not completing the registration and lien placement, please take the title, bill of sale and promissory note to your local DMV office and record Navy Federal as the first lien holder.
Overseas requirements: We will accept a copy of the military registration, foreign registration, notarized copy of the bill of sale, or copy of the Manufacturer's Statement of Origin (MS0) only if the member is not titling the vehicle overseas. Navy Federal will hold the copy until the member returns stateside, registers the vehicle at the DMV and records Navy Federal as first lien holder on the title.
VIN requirement: Navy Federal requires members to submit the identification number(s) for the collateral secured on a loan. Autos, motorcycles, motor homes, and trailers have vehicle identification numbers (VINs). Recreational vehicles, including ATVs and campers which must be pulled by another vehicle, have serial numbers. Boats and other watercraft have hull numbers. Aircraft have N-numbers.
Lien: A lien is a legal claim to property. Members who have Navy Federal loans secured by collateral (e.g., autos, boats, or motorcycles) must ensure their Proof of Ownership (title) is registered at their state DMV with Navy Federal listed on the title as "first lien holder." If a member defaults on a collateral loan, Navy Federal can exercise its legal claim to the property.
Since 1933, Navy Federal Credit Union has grown from seven members to over 6 million members. And since that time, our vision statement has remained focused on serving our unique field of membership:
Be the most preferred and trusted financial institution serving the military and their families.
+Rates are based on an evaluation of credit history, so your rate may differ.
++Rates are variable and based on an evaluation of credit history, so your rate may differ.
*Message and data rates may apply. Terms and Conditions are available.
To help fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account, including joint owners.
What This Means For You
When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you.