New Auto/Truck: Year 2017 or Newer

Purchase a new vehicle and become the first owner of the car, SUV, or truck you choose.

  • $1,000 minimum loan
  • Loan terms from one to seven years
  • Up to 100% MSRP financing
  • $25.00 processing fee

*Restrictions apply.

Effective Date: Tuesday, November 20, 2018

New Auto/Truck: Year 2017 or Newer

Minimum LoanTermRateAPRFinancingPayment per $1,000 Borrowed
$1,000.001 Year2.990%5.767%Up to 100% MSRP$84.69
$1,000.002 Year2.990%4.441%Up to 100% MSRP$42.98
$1,000.003 Year2.990%3.975%Up to 100% MSRP$29.08
$1,000.004 Year3.240%3.989%Up to 100% MSRP$22.24
$1,000.005 Year3.490%4.096%Up to 100% MSRP$18.19
$1,000.006 Year3.990%4.503%Up to 100% MSRP$15.64
$1,000.007 Year4.740%5.188%Up to 100% MSRP$14.01

APR: Annual Percentage Rate is based on a $5,000 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 of 10 years.

Used Auto/Truck: Year 2016 - 2015

Purchase a used vehicle with a model year of 2015 or 2016.

  • $1,000 loan minimum
  • Loan terms from one to six years
  • Up to 100% NADA retail financing
  • $25.00 processing fee

Effective Date: Tuesday, November 20, 2018

Used Auto/Truck: Year 2016 - 2015

Minimum LoanTermRateAPRMaximum FinancingPayment per $1,000 Borrowed
$1,000.001 Year3.240%6.019%100% NADA Retail$84.80
$1,000.002 Year3.240%4.692%100% NADA Retail$43.09
$1,000.003 Year3.240%4.227%100% NADA Retail$29.19
$1,000.004 Year3.490%4.240%100% NADA Retail$22.35
$1,000.005 Year3.990%4.599%100% NADA Retail$18.41
$1,000.006 Year4.240%4.754%100% NADA Retail$15.75

APR: Annual Percentage Rate is based on a $5,000 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.

REQUIRED - Guaranteed Asset Protection (GAP) insurance on loans having a 90% or higher loan to value.

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.

Used Auto/Truck: Year 2014 - 2013

Purchase a used vehicle with a model year of 2013 or 2014.

  • $1,000 loan minimum
  • Loan terms from one to five years
  • Up to 100% NADA retail financing
  • $25.00 processing fee

Effective Date: Tuesday, November 20, 2018

Used Auto/Truck: Year 2014 - 2013

Minimum Loan Term Rate APR Maximum Financing Payment per $1,000
Borrowed
$1,000.001 Year3.490%6.271%100% NADA Retail$84.92
$1,000.00 2 Year 3.490%4.944%100% NADA Retail$43.20
$1,000.003 Year3.490%4.478%100% NADA Retail$29.30
$1,000.004 Year3.990%4.743%100% NADA Retail$22.57
$1,000.005 Year4.490%5.102%100% NADA Retail$18.64

APR: Annual Percentage Rate is based on a $5,000 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.

REQUIRED - Guaranteed Asset Protection (GAP) insurance on loans having a 90% or higher loan to value.

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.

Used Auto/Truck: Year 2012 - 2008

Purchase a used vehicle with a model year between 2008 and 2012.

  • $1,000 loan minimum
  • Loan terms from one to four years
  • Up to 95% NADA retail financing
  • $25.00 processing fee

Effective Date: Tuesday, November 20, 2018

Used Auto/Truck: Year 2012 - 2008

Minimum Loan TermRateAPRMaximum FinancingPayment per $1,000
Borrowed
$1,000.00 1 Year 4.490% 7.277% 95% NADA Retail $85.37
$1,000.00 2 Year 4.490% 5.950% 95% NADA Retail $43.64
$1,000.00 3 Year 4.490% 5.484% 95% NADA Retail $29.74
$1,000.00 4 Year 5.490% 6.252% 90% NADA Retail $23.25

APR: Annual Percentage Rate is based on a $5,000 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.

REQUIRED - Guaranteed Asset Protection (GAP) insurance on loans having a 90% or higher loan to value.

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.

New Motorcycle: Year 2017 or Newer

Purchase a new motorcycle that was released within the previous or current model year.

  • $1,000 loan minimum
  • Loan terms from one to six years
  • Up to 100% MSRP financing
  • $25.00 processing fee

Effective Date: Tuesday, November 20, 2018

New Motorcycle: Year 2017 or Newer

Minimum Loan Term Rate APR Financing Payment per $1,000 Borrowed
$1,000.00 1 Year 4.990% 7.780% Up to 100% MSRP $85.60
$1,000.00 2 Year 4.990% 6.453% Up to 100% MSRP $43.87
$1,000.00 3 Year 4.990% 5.987% Up to 100% MSRP $29.97
$1,000.00 4 Year 4.990% 5.749% Up to 100% MSRP $23.02
$1,000.00 5 Year 5.240% 5.856% Up to 100% MSRP $18.98
$1,000.00 6 Year 5.490% 6.011% Up to 100% MSRP $16.33

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.

REQUIRED - Guaranteed Asset Protection (GAP) insurance on loans having a 90% or higher loan to value.

Used Motorcycle: Year 2016 - 2008

Purchase a used motorcycle with a model year between 2008 and 2016.

  • $1,000 loan minimum
  • Loan terms from one to five years
  • Up to 95% NADA retail financing
  • $25.00 processing fee

Effective Date: Tuesday, November 20, 2018

Used Motorcycle: Year 2016 - 2008

Minimum Loan Term Rate APR Financing Payment per $1,000 Borrowed
$1,000.00 1 Year 5.490% 8.284% 95% NADA Retail $85.83
$1,000.00 2 Year 5.490% 6.956% 95% NADA Retail $44.09
$1,000.00 3 Year 5.490% 6.490% 90% NADA Retail $30.19
$1,000.00 4 Year 5.490% 6.252% 90% NADA Retail $23.25
$1,000.00 5 Year 5.990% 6.611% 90% NADA Retail $19.33

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.

REQUIRED - Guaranteed Asset Protection (GAP) insurance on loans having a 90% or higher loan to value.

Smart Start Auto/Truck: Year 2008 or Newer

First time vehicle buyers and students can benefit from our special auto loan option.

  • For borrowers between the ages of 18 and 25
  • $15,000 maximum loan
  • Loan terms from one to five years
  • 0.125% rate reduction with GAP Insurance; 0.125% rate reduction with Mechanical Repair Insurance
  • $25.00 processing fee

Effective Date: Tuesday, November 20, 2018

Smart Start Auto/Truck: Year 2008 or Newer

Maximum Loan Maximum Term Base Rate/APR Optional Rate Reduction(s) (see below for additional options) Financing
$15,000.005 Year2.875% / 3.040%0.125% 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 of 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 passing grade of 80% 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

REQUIRED - Guaranteed Asset Protection (GAP) insurance on loans having a 90% or higher loan to value.

The Hybrid Go Green Vehicle Loan

We will reward members who drive environmentally gentle vehicles by reducing their approved auto loan rate by up to 0.25% APR*.

  • 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 the 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.

*APR: Annual Percentage Rate.

Go Green offer excludes all other rate discounts.

New RV/Power Sport/Water Craft: Year 2017 or Newer

Buy a new boat, ATV, snowmobile, or recreational vehicle.

  • $1,000 loan maximum
  • Loan terms from one to 15 years
  • Up to 100% MSRP financing
  • $25.00 processing fee

Effective Date: Tuesday, November 20, 2018

New RV/Power Sport/Water Craft: Year 2017 or Newer

Minimum LoanTermRateAPRFinancingPayment per $1,000 Borrowed
$1,000.001 Year7.240%10.045%100% MSRP$86.64
$1,000.002 Year7.240%8.716%100% MSRP$44.88
$1,000.003 Year7.240%8.250%100% MSRP$30.99
$1,000.004 Year7.240%8.012%100% MSRP$24.06
$1,000.005 Year7.490%8.120%100% MSRP$20.03
$1,000.007 Year8.490%8.960%100% MSRP$15.83
$1,000.0010 Year9.990%10.346%100% MSRP$13.21
$1,000.0015 Year10.990%11.261%100% MSRP$11.36

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.

REQUIRED - Guaranteed Asset Protection (GAP) insurance on loans having a 90% or higher loan to value.

Used RV/Power Sport/Water Craft: Year 2016 - 1998

Buy a used boat, ATV, snowmobile, or recreational vehicle.

  • $1,000 loan maximum
  • Loan terms from one to 10 years
  • Up to 100% NADA retail financing
  • $25.00 processing fee

Effective Date: Tuesday, November 20, 2018

Used RV/Power Sport/Water Craft: Year 2016 - 1998

Minimum Loan Term Rate APR Maximum FinancingPayment per $1,000 Borrowed
$1,000.001 Year7.990%10.800%100% NADA Retail$86.98
$1,000.002 Year7.990%9.471%100% NADA Retail$45.22
$1,000.003 Year7.990%9.004%95% NADA Retail$31.33
$1,000.004 Year7.990%8.767%95% NADA Retail$24.41
$1,000.005 Year8.490%9.126%95% NADA Retail$20.51
$1,000.007 Year9.490%9.967%90% NADA Retail$16.34
$1,000.0010 Year10.990%11.354%90% NADA Retail$13.77

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.

REQUIRED - Guaranteed Asset Protection (GAP) insurance on loans having a 90% or higher loan to value.

LUSO FEDERAL CREDIT UNION LOAN POLICIES:

Applicant(s) must be a Luso Federal Credit Union (LFCU) member or eligible for LFCU membership.

LFCU Membership: live, work, worship, or attend school in Hampden County; or family members of current members.

A valid drivers’ license and proof of residence is required on all new LFCU membership accounts.

Applicant(s) must maintain a LFCU share account in good standing with a $5.00 minimum balance.

Financing not to exceed applicable NADA retail value including tax, license, and warranty.

Applicant(s) are subject to income verification – two most recent pay stubs REQUIRED; no exceptions.

Self Employed applicants require copies of tax returns – two most recent years; no exceptions. All co-applicants are subject to LFCU review.

Approvals are good for 30 days; no exceptions.

Insurance binder is required with Luso Federal Credit Union listed as lien holder. Maximum $500.00 deductible; 30 day binders accepted.

REQUIRED $50.00 VSI Insurance fee on all vehicle loans; REQUIRED $75.00 VSI Insurance fee on commercial vehicle loans.

Registration and title applicant(s) must match contract; no exceptions.

LFCU will not finance salvaged, straw or lemon law purchases and/or buy-back deals; no Power of Attorney. Contact LFCU for commercial and/or business deal financing.

GAP Insurance REQUIRED on Motor Vehicle Loans Exceeding 90% NADA Value.

  • Motor Vehicle GAP Plus - $395.00
  • Powersport GAP Plus - $425.00
  • Recreational Vehicle GAP Plus - $425.00
  • Watercraft GAP Plus - $425.00