New & Used Auto Loans

New & Used Auto Loans

NEW and USED Auto Loan Rate Discounts Available
Maximum discount available is .50% – .25% for Net Pay Direct Deposit and .25% for automatic payment from a Certified Federal Share Account or payroll deduction.

The maximum age of the financed vehicle cannot exceed 12 model years and 175,000 odometer miles.

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New & Used Vehicle Rates

Rates effective as of July 1, 2018 and are subject to change.  Rates are based on financing 100% Loan-to-Value (LTV)
Term
Minimum Loan Balance
Rate**
36 months
N/A
1.79%1
48 months
N/A
2.49%2
60 months
N/A
2.49%3
72 Months*
$15,000
2.49%4
84 Months*
$25,000
3.49%5
* Minimum loan amount for 72 months is $15,000 and 84 months is $25,000

**APR = Annual Percentage Rate. Standard rate based on Premier FICO score 750+. Certified Federal has a managed-risk credit program and rates vary based on your individual FICO score. New and Used auto rate reflect an additional .50% discount for Net Pay Direct Deposit and automatic payment from Certified Federal Share Account or Payroll Deduction. Rates are accurate as of July 1, 2018.

1 Monthly payment is $28.56 per $1,000 financed at 1.79% APR for 36 months
2 Monthly payment is $21.91 per $1,000 financed at 2.49% APR for 48 months
3 Monthly payment is $17.75 per $1,000 financed at 2.49% APR for 60 months
4 Monthly payment is $14.97 per $1,000 financed at 2.49% APR for 72 months
5 Monthly payment is $13.44 per $1,000 financed at 3.49% APR for 84 months

Loan financing available up to 125% LTV (includes tax, license, MPower, MBI and GAP waiver).  Loans over 100% LTV are subject to a rate increase of .50%.

Rates are subject to change. Contact your local Certified Federal branch or call 323.859.2250, Ext. 452 for today’s rates.
Certified Federal has a managed-risk credit program and rates vary based upon the member’s individual FICO score.