Auto Loans LUSO Federal Credit Union 2017-04-27 09:44:58 Not Assigned
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Lending Rates Effective as of May 22, 2017. Rates are subject to change without notice.

AUTO LOANS

NEW AUTO / TRUCK: Year 2016 or Newer $20.00 Processing Fee

Minimum LoanTermRateAPRFinancingPayment per $1,000
Borrowed
$1,000.001 Year2.490%3.244%Up to 100% MSRP$86.16
$1,000.002 Year2.490%2.883%Up to 100% MSRP$43.62
$1,000.003 Year2.490%2.758%Up to 100% MSRP$29.29
$1,000.004 Year2.490%2.693%Up to 100% MSRP$22.36
$1,000.005 Year2.490%2.655%Up to 100% MSRP$18.10
$1,000.006 Year2.999%3.139%Up to 100% MSRP$15.50
$1,000.007 Year3.999%4.122%Up to 100% MSRP$13.95
– APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.
– REQUIRED $50.00 VSI Insurance fee on all vehicle loans; REQUIRED $75.00 VSI Insurance fee on commercial vehicle loans.
– Business Vehicle annual percentage rates are available upon request; rate is equal to 2.00% above quoted rates above; term may be extended to a maximum 10 years.

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 USED AUTO / TRUCK: Year 2015 – 2014 $20.00 Processing Fee

Minimum LoanTermRateAPRMaximum FinancingPayment per $1,000
Borrowed
$1,000.001 Year2.490%3.244%100% NADA Retail$86.16
$1,000.002 Year2.490%2.883%100% NADA Retail$43.62
$1,000.003 Year2.490%2.758%100% NADA Retail$29.29
$1,000.004 Year2.490%2.693%100% NADA Retail$22.36
$1,000.005 Year2.490%2.655%100% NADA Retail$18.10
$1,000.006 Year2.999%3.139%100% NADA Retail$15.50

USED AUTO / TRUCK: Year 2013 – 2012 $20.00 Processing Fee

Minimum LoanTermRateAPRMaximum FinancingPayment per $1,000
Borrowed
$1,000.001 Year2.999%3.756%100% NADA Retail$86.40
$1,000.002 Year2.999%3.394%100% NADA Retail$43.85
$1,000.003 Year2.999%3.268%100% NADA Retail$29.45
$1,000.004 Year2.999%3.204%100% NADA Retail$22.58
$1,000.005 Year3.490%3.657%100% NADA Retail$18.56

USED AUTO / TRUCK: Year 2011 – 2007 $20.00 Processing Fee

Minimum LoanTermRateAPRMaximum FinancingPayment per $1,000
Borrowed
$1,000.001 Year3.490%4.249%95% NADA Retail$86.63
$1,000.002 Year3.490%3.887%95% NADA Retail$44.07
$1,000.003 Year3.490%3.760%95% NADA Retail$29.89
$1,000.004 Year3.999%4.207%90% NADA Retail$23.04
– APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.
– REQUIRED $50.00 VSI Insurance fee on all vehicle loans; REQUIRED $75.00 VSI Insurance fee on commercial vehicle loans; GAP Insurance required on LTV over 90%.
– Business Vehicle annual percentage rates are available upon request; rate is equal to 2.00% above quoted rates above; term may be extended to a maximum of 10 years.

 

 


NEW MOTORCYCLE: Year 2016 or Newer $20.00 Processing Fee

Minimum LoanTermRateAPRFinancingPayment per $1,000
Borrowed
$1,000.001 Year3.999%4.762%Up to 100% MSRP$86.86
$1,000.002 Year3.999%4.398%Up to 100% MSRP$44.30
$1,000.003 Year3.999%4.271%Up to 100% MSRP$30.12
$1,000.004 Year3.999%4.207%Up to 100% MSRP$23.04
$1,000.005 Year3.999%4.168%Up to 100% MSRP$18.79
$1,000.006 Year4.490%4.634%Up to 100% MSRP$16.19

 USED MOTORCYCLE: Year 2015 – 2007 $20.00 Processing Fee

Minimum LoanTermRateAPRFinancingPayment per $1,000
Borrowed
$1,000.001 Year4.490%5.255%95% NADA Retail$87.09
$1,000.002 Year4.490%4.891%95% NADA Retail$44.29
$1,000.003 Year4.490%4.764%90% NADA Retail$30.35
$1,000.004 Year4.490%4.699%90% NADA Retail$23.26
$1,000.005 Year4.999%5.171%90% NADA Retail$19.26
– APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.
– Existing LFCU loans excluded.
– REQUIRED $50.00 VSI Insurance fee on all vehicle loans; REQUIRED $75.00 VSI Insurance fee on commercial vehicle loans; GAP Insurance required on LTV over 90%.

 

 


NEW SMART START AUTO / TRUCK: Year 2007 or Newer

1st Time Auto Buyer / Student Special $20.00 Processing Fee
Maximum LoanTermBase Rate/APRPayment per $1,000
Borrowed
Discounted
Rate/APR
Payment per $1,000
Borrowed
Optional Rate
Reduction(s)
(see below for
additional options)
Financing
$15,000.001 Year2.875% /
3.631%
$86.342.375% /
3.128%
$86.110.125% with GAP Ins; 0.125% with Mechanical Repair Ins.90% Sales Price; 10% Down Payment REQUIRED
$15,000.002 Year2.875% /
3.270%
$43.792.375% /
2.768%
$43.570.125% with GAP Ins; 0.125% with Mechanical Repair Ins.90% Sales Price; 10% Down Payment REQUIRED
$15,000.003 Year2.875% /
3.144%
$29.612.375% /
2.642%
$29.390.125% with GAP Ins; 0.125% with Mechanical Repair Ins.90% Sales Price; 10% Down Payment REQUIRED
$15,000.004 Year2.875% /
3.079%
$22.532.375% /
2.578%
$22.300.125% with GAP Ins; 0.125% with Mechanical Repair Ins.90% Sales Price; 10% Down Payment REQUIRED
$15,000.005 Year2.875% /
3.040%
$18.282.375% /
2.539%
$18.050.125% with GAP Ins; 0.125% with Mechanical Repair Ins.90% Sales Price; 10% Down Payment REQUIRED
– APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.
– Financing available up to maximum 90% of the vehicle sales price; Smart Start Auto Loans require a 10% cash down payment.
– Borrower must be between the ages of 18 and 25; borrower is required to establish a minimum of one month current employment history with proof of income; no previous auto loan; no derogatory credit; borrower may earn an additional 0.125% rate discount with a minimum 80% passing grade on the “Beginners Guide to Credit” Quiz.
– Borrower may earn an additional 0.125% rate discount with a direct deposit and/or automatic loan payment to/from an active LFCU share draft checking account.
– Maximum Payment to Income ratio equal to 25% (ratio includes P&I PYMT and Insurance PYMT); Maximum Debt to Income ratio equal to 35%.
– Tax, Title, and License Fee check is disbursed by the Credit Union to be submitted directly to the Registry by the borrower.
– REQUIRED $50.00 VSI Insurance fee on all vehicle loans; REQUIRED $75.00 VSI Insurance fee on commercial vehicle loans; GAP Insurance required on LTV over 90%.

 

 


THE HYBRID GO GREENimage_gogreen VEHICLE LOAN

LFCU will reward members who drive environmentally gentle vehicles by reducing their approved auto loan rate by up to 0.25% APR; Go Green offer excludes all other rate discounts.

The rate discount is based on the vehicle’s EPA designation at the time the loan is approved. Please specify the vehicle type at the time of loan application.

The U.S. Environmental Protection Agency (EPA) scores all vehicles based on calculated greenhouse gas emissions and fuel economy. The most environmentally friendly vehicles receive SmartWay or SmartWay Elite designation.


NEW RV/POWER SPORT/WATER CRAFT: Year 2016 or Newer $20.00 Processing Fee

Maximum LoanTermRateAPRFinancingPayment per $1,000
Borrowed
$1,000.001 Year5.490%6.262%100% MSRP$87.56
$1,000.002 Year5.490%5.895%100% MSRP$44.98
$1,000.003 Year5.490%5.767%100% MSRP$30.81
$1,000.004 Year5.490%5.703%100% MSRP$23.73
$1,000.005 Year5.490%5.663%100% MSRP$19.49
$1,000.007 Year6.490%6.620%100% MSRP$15.15
$1,000.0010 Year8.490%8.592%100% MSRP$12.65
$1,000.0015 Year9.999%10.079%100% MSRP$10.97

USED RV/POWER SPORT/WATER CRAFT: Year 2015 – 1997 $20.00 Processing Fee

Maximum LoanTermRateAPRMaximum FinancingPayment per $1,000
Borrowed
$1,000.001 Year5.999%6.775%100% NADA Retail$87.80
$1,000.002 Year5.999%6.406%100% NADA Retail$45.22
$1,000.003 Year5.999%6.278%95% NADA Retail$31.04
$1,000.004 Year5.999%6.213%95% NADA Retail$23.96
$1,000.005 Year5.999%6.174%95% NADA Retail$19.73
$1,000.007 Year7.490%7.624%90% NADA Retail$15.65
$1,000.0010 Year7.999%8.100%90% NADA Retail$12.38
– APR: Annual Percentage Rate is based on a $5,000.00 loan amount, unless otherwise noted.
– REQUIRED $50.00 VSI Insurance fee on all vehicle loans; REQUIRED $75.00 VSI Insurance fee on commercial vehicle loans; GAP Insurance required on LTV over 90%.