Used Vehicle. Same-day decisions. We don’t recommend an auto loan longer than 72 months. minus plus. Navy Federal’s maximum annual percentage rate (APR) for personal loans is 18%—considerably lower than the maximum APR many other lenders charge. Fixed Equity Loans are available for primary residences and second homes. APR: 2.89% APR Loan amount: 100 percent financing Terms: 36 to 96 months. With Direct Federal, applying for an auto loan almost feels like a joyride. + Rates are based on an evaluation of credit history, so your rate may differ. The payment amount per $1,000 on an auto loan originated at 2.44% APR financed for 36 months would be $28.87. If you're active duty or retired military or a 25-year member you can save with an additional 1/4% APR discount. Affinity Auto Group pre-arranges vehicle pricing through a participating, certified dealer network. Navy Federal doesn't charge an auto loan application fee. loan amount. New autos Three most recent model years, up to 7,499 miles. Payment example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. Navy Federal Credit Union is advertising auto loan rates as low as 3.99% APR for both new car loans and used car loans up to 60 months. Navy Federal auto loan rates and terms: at a glance. Navy Federal Credit Union's rate for a $25,000 auto loan beats the San Antonio Metro average by up to 54% and is eligible for a Datatrac Great Rate Award and saving you as much as $1,412 over the life of the loan. Interested in buying a car? Here are just some of the benefits: Affordable. Late-model used car loans. Consumers with a credit score over 780 only pay an average of 3.68%. Auto loan interest rates for new cars tend to be lower than those for used cars. Rates are subject to change. It’s very easy – let us refinance your auto loan from another financial institution! Year models 2020, 2021 and 2022 with 7,499 miles or less; Minimum loan amount is $30,000 for terms of 85-96 months ; Late Model Used Vehicle. You can join if you are affiliated with the military, Department of Defense, Coast Guard or National Guard. Year models 2020, 2021 and 2022 with 7,499 miles or less. Navy Federal Credit Union offers excellent car loans for financing new cars. Save up to $1,412 with a Navy Federal Credit Union auto loan 1. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools . Your APR includes an origination fee that varies based on the amount you borrow. Payment Example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. ↵. How soon will I receive a decision after I submit my loan application? Select Type. Payment Example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. Rates as low as 2.99% APR for new, used or refinanced vehicles. You can also get a $200 bonus when you refinance an auto loan with Serving the Navy, Army, Marine Corps, Air Force, Veterans, and DoD. Navy Federal Credit Union offers reliable auto loans with very flexible terms. Payment example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. I find that PenFed usually excels in new car loans as well as their quarterly pre-approvals for different products without a hard inquiry. Existing Navy Federal loans are not eligible for this offer. USAA auto loans vs. the competition Navy Federal. Payment Example: New auto loan of $20,000 for 36 months at 1.79% APR will have a monthly payment of $572. Navy Federal 2018 definitions for new, late-model used and used cars. On the other hand, those with a credit score less than 660 may pay anywhere between 10 and 20%. New Vehicles: 2020, 2021 and 2022 model years with 7,499 miles or less. Used Vehicles: 2019 and older model years or any model year with over 30,000 miles. 3.79%. How much do you want to spend on your vehicle monthly? Your APR can vary depending on several factors, such as your credit score. Does Navy Federal charge a fee to apply for an auto loan? Free research, insider car-buying advice, financing options, and low-cost protection solutions. Shockingly Low Rates and Extended Terms – up to 84 months; Get pre-approved, online, by … Navy Federal loans rates range from 7.49% to 18.00% APR, with no origination fees. Late Model Used Vehicles: 2020, 2021 and 2022 model years with 7,500-30,000 miles. +Rates are based on an evaluation of credit history, so your rate may differ. Navy Federal also offers guaranteed asset protection insurance for a flat rate of $299, which can be financed as part of your auto loan. And second homes posted rates based on an auto loan from another financial institution rate may differ after submit. 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