New Auto/Truck: Year 2017 or Newer

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

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

*Restrictions apply.

Effective Date: Tuesday, May 22, 2018

New Auto/Truck: Year 2017 or Newer

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 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, May 22, 2018

Used Auto/Truck: Year 2016 - 2015

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$29.44
$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

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, May 22, 2018

Used Auto/Truck: Year 2014 - 2013

Minimum Loan Term Rate APR Maximum Financing Payment per $1,000
Borrowed
$1,000.001 Year2.999%3.756%100% NADA Retail$86.40
$1,000.00 2 Year 2.999%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

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, May 22, 2018

Used Auto/Truck: Year 2012 - 2008

Minimum Loan TermRateAPRMaximum FinancingPayment per $1,000
Borrowed
$1,000.00 1 Year 3.490% 4.249% 95% NADA Retail $86.63
$1,000.00 2 Year 3.490% 3.887% 95% NADA Retail $44.07
$1,000.00 3 Year 3.490% 3.760% 95% NADA Retail $29.89
$1,000.00 4 Year 3.999% 4.207% 90% NADA Retail $23.04

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, May 22, 2018

New Motorcycle: Year 2017 or Newer

Minimum Loan Term Rate APR Financing Payment per $1,000 Borrowed
$1,000.00 1 Year 3.999% 4.762% Up to 100% MSRP $86.86
$1,000.00 2 Year 3.999% 4.398% Up to 100% MSRP $44.30
$1,000.00 3 Year 3.999% 4.271% Up to 100% MSRP $30.12
$1,000.00 4 Year 3.999% 4.207% Up to 100% MSRP $23.04
$1,000.00 5 Year 3.999% 4.168% Up to 100% MSRP $18.79
$1,000.00 6 Year 4.490% 4.634% Up to 100% MSRP $16.19

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, May 22, 2018

Used Motorcycle: Year 2016 - 2008

Minimum Loan Term Rate APR Financing Payment per $1,000 Borrowed
$1,000.00 1 Year 4.490% 5.255% 95% NADA Retail $87.09
$1,000.00 2 Year 4.490% 4.891% 95% NADA Retail $44.29
$1,000.00 3 Year 4.490% 4.764% 90% NADA Retail $30.35
$1,000.00 4 Year 4.490% 4.699% 90% NADA Retail $23.26
$1,000.00 5 Year 4.999% 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.

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, May 22, 2018

Smart Start Auto/Truck: Year 2008 or Newer

Maximum Loan Term Base Rate/APR Payment 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 Ins90% 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 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, May 22, 2018

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

Minimum 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

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, May 22, 2018

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

Minimum Loan Term Rate APR Maximum 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.

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