Navy Federal Car Loan Rates

The following information outlines the loan rates for new and used vehicles:

Loan Type:

New Vehicle: APR as low as 2.29% for up to 36 months, 2.49% for 37-60 months, 2.79% for 61-72 months, 4.69% for 73-84 months, and 5.59% for 85-96 months.

Late Model Used Vehicle: APR as low as 2.69% for up to 36 months, 2.89% for 37-60 months, and 3.99% for 61-72 months.

Used Vehicle: APR as low as 3.79% for up to 36 months, 4.09% for 37-60 months, and 4.19% for 61-72 months.

The rates are current as of June 20, 2022, and are subject to change based on creditworthiness. New Vehicles are defined as 2021, 2022, and 2023 model years with 7,499 miles or less, and the minimum loan amount is $30,000 for terms of 85-96 months. Late Model Used Vehicles are defined as 2021, 2022, and 2023 model years with 7,500-30,000 miles, while Used Vehicles include 2020 and older model years or any model year with over 30,000 miles. Vehicles that are 20 years or older based on the model year are considered classic or antique and are subject to collateral loan rates.

To receive the military special discount, direct deposit is required, and applicants must contact Navy Federal by phone or visit a branch. Active Duty rate discounts are also available, subject to certain restrictions, and are applicable to retired military members as well.

Credit and collateral are subject to approval, and Navy Federal Credit Union is not 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., and Liberty Mutual Insurance is available through the TruStage® Auto & Home Insurance Program, made available by TruStage Insurance Agency, LLC. Coverage is provided and underwritten by Liberty Mutual Insurance Company or its subsidiaries or affiliates.

Applicants are individually underwritten, and not all may qualify. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on the policy where state laws and regulations allow. The insurance offered is not a deposit, not federally insured, sold, or guaranteed by Navy Federal Credit Union.

TrueCar operates the Navy Federal Car Buying Service, and Navy Federal is not responsible for any purchase, lease, or service provided by or through the Navy Federal Car Buying Service. Testimonials are the words of the individual reviewer, but may have undergone minor clerical revisions for readability, context, or to protect private information. Imagery displayed is for decorative purposes only and is not necessarily associated with the reviewer