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New and Used Auto Loans

A Loan Built For Wherever You're Headed.

 
Receive a 0.15% Rate Discount when you set up automatic payments at loan booking!*

Use our Auto Buying Center to compare vehicles and know what you can afford—before you visit the dealership!

Try our refinance calculator to see if you could save money by refinancing your current loan.

Auto Loan Features

Flexible Financing Options
Financing available for both new and used vehicles.
Convenient Payments
Manage your loan with Online Banking or Mobile Banking.
Protection Plans
Add peace of mind with optional GAP Insurance and Mechanical Repair Coverage.
Loan Calculator
Estimate payments with our Auto Loan Calculator.
Vehicle Search Tool
Shop for your next car using our Auto Shopping Center.
First-Time Auto Buyer Program
Buying your first car? Our program is designed to help get you behind the wheel, even with limited credit history. Enjoy flexible terms, exclusive discounts, and expert support throughout the process. Learn more

Auto Loan FAQs

Vehicle Loans

New Cars, Trucks, & Vans**

Model Year Loan Type Term APR (1) as low as
2025 - 2026 Fixed Up to 36 months 4.14% 
2025 - 2026 Fixed Up to 48 months 4.99% 
2025 - 2026 Fixed Up to 60 months 4.99% 
2025 - 2026 Fixed Up to 72 months 5.69%
2025 - 2026 Fixed Up to 84 months 6.49%

Example payment: The estimated monthly payment for a $20,000 new auto loan with a 60 month term at a rate of 4.99% APR is $377.39.

Used Cars, Trucks, & Vans**

Model Year Loan Type Term APR (1) as low as
2019 - 2024 Fixed Up to 36 months 4.59% 
2019 - 2024 Fixed Up to 48 months 5.39% 
2019 - 2024 Fixed Up to 60 months 5.39% 
2019 - 2024 Fixed Up to 72 months 5.99%
2019 - 2024 Fixed Up to 84 months 6.79%

Example payment: The estimated monthly payment for a $20,000 used auto loan with a 60 month term at a rate of 5.39% APR is $381.07.

Older Used Cars, Trucks, & Vans***

Model Year Loan Type Term APR (1) as low as
2018 or older Fixed Up to 36 months 4.99% 
2018 or older Fixed Up to 48 months 5.79% 
2018 or older Fixed Up to 60 months 5.79% 
2018 or older Fixed Up to 72 months 6.59%

Example payment: The estimated monthly payment for a $20,000 older used auto loan with a 60 month term at a rate of 5.79% APR is $384.75.

Questions & Answers

Auto Loans

Can you get a car loan after filing Chapter 7 bankruptcy?

As an AgFed member, you are always eligible to apply for a loan.  Loan approvals are determined by reviewing many factors.  These include, but are not limited to, credit score, debt-to-income ratio, employment history and stability and other determining factors.  Filing bankruptcy does not preclude you from getting a loan, although it is a factor in the decision making process. 

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How do I get a copy of my current auto title and is there a fee?

You may request a copy of your title from us at 202-479-2270 or 800-368-3552.  The fee is dependent upon the situation.

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What is GAP coverage and who pays for it?

GAP coverage is designed to help eliminate the difference between how much a vehicle is worth and how much a consumer owes in the event the vehicle is totaled or stolen and not recovered. You pay for the coverage and it can be included in the loan or paid by cash.

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Do I have to buy from an auto dealer?

No, you could purchase a vehicle from a dealer or a private seller. Please contact us at 202-479-2270 or 800-368-3552 for additional details if you are purchasing from a private seller. 

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How do I determine the value of a used car?

Car values can be easily obtained at www.edmunds.com or www.nada.org.

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Do you have auto loans for fleets?

At this time, Agriculture Federal Credit Union does not offer auto loans for fleets. 

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How can I apply for an auto loan?

To apply, simply call 888-451-5626 to speak to a representative or apply online at the ‘Loans’ tab of our home page, 24 hours a day, 7 days a week.  If you prefer to apply in person, stop by one of our branches and our Member Service Representatives will be glad to assist you. 

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Do I have to go to specific dealerships to buy my vehicle?

No, we will finance vehicles purchased from any dealership. 

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If my credit is not very good, does that mean my interest rate will be higher?

Rates are typically higher for individuals who have a lower credit score. 

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How often do the rates change for car loans?

Rates on automobile loans may change at any time.  Once you have been pre-approved for an auto loan, your approved rate is guaranteed for 30 days.

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How can I get a copy of my credit history?

You can obtain a copy of your credit history online at www.annualcreditreport.com.

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Where can I obtain NADA or Blue Book values?

NADA values can be obtained at www.nada.org.

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How long do I have to wait for my title when the vehicle is paid off?

The title should arrive at your current address within two weeks.  If you made your payoff in cash, you may request that we expedite the title.  There are additional fees for this service.

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Do I need to get an appraisal on my used car to refinance?

An appraisal may be required for a classic car, but not for a car within the last nine model years. 

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How many years may I finance a new auto loan?

New and used vehicles can be financed for up to 84 months. Please look under the ‘Loans’ tab on the AgFed home page for additional information.  Certain terms and conditions may apply. 

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What happens when I'm approved for a loan?

You will need to provide certain documents, such as purchase/buyer's order, proof of insurance, etc.  A loan officer from AgFed will contact you with the specific information needed to complete your loan.

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How do I find the value of my vehicle?

If you are interested in knowing the value of your vehicle, or a vehicle you may be interested in purchasing, you can go to NADA at www.nada.org online and input the information for your vehicle. You may also call 800-368-3552 and one of our representatives can assist you. 

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How do I determine the value of a new car?

New car values can be easily obtained at www.edmunds.com.

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How much does it cost to refinance a vehicle?

There are no application, loan origination, or closing fees associated with refinancing auto loans from another institution.

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Do you offer classic car loans?

The Credit Union does finance classic cars on a case-by-case basis. Please contact us at 202-479-2270 or 800-368-3552 for more information.

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How do I finance the buy-out of my auto lease?

Submit your application as a used auto loan. Please call 888-451-5626, submit your application online at the ‘Loans’ tab on our home page or visit one of our branches.

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Can I lease a vehicle through the Credit Union?

At this time, Agriculture Federal Credit Union does not offer the financing of leased vehicles. 

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May I have my loan payment deducted from my paycheck?

You can have your scheduled loan payments deducted monthly, bi-weekly or weekly from your account at AgFed.  This can be scheduled at the same time as your direct deposit. 

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Is there a pre-payment penalty on car loans?

There are no pre-payment penalties for any auto loan that we offer. 

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Do you offer leases for vehicles?

At this time, Agriculture Federal Credit Union does not offer financing for leased vehicles. 

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Can I refinance my car?

Yes, as long as your vehicle is within 9 model years.  Certain restrictions and conditions may apply. 

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Can I finance add-ons such as a service contract?

Yes, but certain restrictions may apply.

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If I want to apply for an auto loan and another loan, do I have to complete more than one application?

If you apply online, a separate application must be submitted for each loan product requested.  However, if you apply through our 24 hour loan line at 888-451-5626, you will only need to provide the information once. 

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Can I borrow more than 100% on my auto value?

Yes, the rate may vary, as it is determined by an evaluation of credit history, amount borrowed, term and other factors.  Certain restrictions may apply.

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If I pay off my loan on my vehicle, could I get my title today?

At this time, we are unable to provide titles on the same day as the loan payoff.  If you pay your loan off with cash, we can expedite the title release and should be able to provide it the day after the payoff.  You can request that your title be expedited at an additional charge. 

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If I have bad credit, can I still buy a car?

Yes, your rate may vary as it is determined by an evaluation of credit history, amount borrowed, term and other factors.  Certain restrictions may apply.

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Can I apply if I haven't found the car I want yet?

Yes, once your application is pre-approved, you have up to 30 days to search for your vehicle. 

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What is the oldest car model I can get an auto loan on?

Agriculture Federal Credit Union will finance any vehicle up to 9 model years and up to 100% NADA value.  Classic cars are financed on a case-by-case basis.  Certain restrictions and conditions may apply.

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If I have a purchase order from a dealer and they have included a warranty in the price of the car, can I cancel it and purchase the CU warranty?

Yes, we believe that the warranty we can offer you is as good, or better, than the warranty from the dealership.  Certain restrictions and conditions apply. 

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How do I payoff my car and get the title?

Make the payoff amount at any branch or share branch location or mail your payoff to:

Agriculture Federal Credit Union
PO Box 2225
Merrifield, VA 22116

Once the payoff amount has been posted, your title should arrive at your current mailing address in about two weeks. 

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Does the title have to be in my name?

The name(s) on the title must be the same as the name(s) on the loan. 

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What are the insurance requirements for an auto loan?

You must have insurance for any vehicle you purchase, in accordance with your state laws.  For any vehicle financed for an amount in excess of $30,000, the Credit Union must receive proof of insurance.

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Can I get my interest rate lowered if I find a lower interest rate at another financial institution?

In the event that you find a lower rate while you are shopping for your vehicle, we will match another financial institution's rate on any approved vehicle request with proof of the institution's offered rate.  Rates will never go below our current vehicle offering rate. Certain restrictions and conditions may apply. 

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How long can I take to repay my auto loan?

Our auto loan terms are offered up to 84 months depending on amount financed, credit history and other factors.  Certain restrictions may apply.  Please click on the ‘Loans’ tab for more information.

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What are your auto loan rates?

Please click on the ‘Rates’ tab under 'Loans & Credit Cards' for our current auto loan rates.

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Do you offer warranties on new and used vehicles?

We offer an excellent warranty for new and used vehicles.  Prices and eligibility are based on year, make, model and mileage of your vehicle.  Warranties may only be purchased with vehicles financed by the Credit Union. 

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How much can I borrow on an auto loan?

The amount is determined by many variables, including but not limited to, credit history, term and overall ability to pay.

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My vehicle is financed with the Credit Union. May I take the vehicle out of the country?

Yes, as long is the loan is in good standing and the vehicle is fully insured.  Contact the Loan Department at 202-479-2270 or 800-368-3552 for a permission letter.

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Can't find what you are looking for?

(1) APR is Annual Percentage Rate. AgFed reserves the right to change the published rate at anytime without advance notice. Rate may vary as it is determined by an evaluation of credit, amount, term and other factors. Term is determined by loan amount. Actual rate may vary. All loans are subject to credit approval.

*Auto loan rate discount of 0.15% is available when automatic payments are set up at the time of loan origination. Offer does not apply to AgFed internal refinances or previously funded auto loans. Rate discount offer of 0.15% will be applied based on the applicant's qualified rate. Discount must be requested during the application process and all required forms must be completed at loan closing. Certain restrictions and conditions may apply. AgFed reserves the right to amend or withdraw this offer at anytime without prior notice.

** New vehicles are the two (2) latest model years, currently 2025 and 2026. Used vehicles are currently 2019 model year to 2024. Minimum loan amount for a 72 month term is $25,000.00. Minimum loan amount for a 84 month term is $35,000.00

*** Older used vehicles are 2018 model year and older. Financing is limited to $50,000.00 and loan terms cannot exceed 72 months. Financing for older used vehicles is available for up to 100% LTV.

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