Young family taking a road trip in their car.
6.50% APR


Up to 100% of NADA, plus additional 10%


Up to 72 months for eligible vehicles

At LGFCU we can help you at every step of the car buying process, from financing to getting real information on the value of your trade-in straight from the National Automobile Dealers Association (NADA).

Are there eligibility requirements?

Used vehicles must be 10 years of age or less and have mileage not exceeding 150,000. We offer loans to members who are residents of North Carolina, South Carolina, Georgia, Tennessee and Virginia. You must be age 18 or older to qualify for a loan.

You must have collision and comprehensive insurance protection with a maximum deductible of $1,000 on your auto for the duration of the loan. Your Credit Union offers free auto insurance quotes.

Vehicles with branded (flooded, salvaged or reconstructed) titles or motorcycles, boats, RVs and commercial vehicles are not acceptable collateral.

Fair loan terms that protect you

Our Used Auto Loan features fixed-rate financing up to 100% of the NADA retail value of the car plus an additional 10% to cover purchase-related expenses such as tax, tags and extended warranties. Cash-out refinances are limited to 100% of the value of the vehicle based on the NADA retail value. Cash-out is not available on vehicle purchase transactions.

When buying, selling or trading in a used vehicle, it's important to know its value. 

Credit Union members have access to NADA used auto values just by logging in to Member Connect. Using the NADA guide, you can find wholesale and retail values based on your car’s options and mileage. When shopping for a used car, you can compare multiple vehicles to find the best one for you.

Loan terms up to 72 months are available for vehicles 5 years of age or less with mileage less than 100,000. You can use this calculator to determine your payment options.

Used cars that meet either of the following conditions are limited to a maximum term of 48 months:

  • Model years between 6 and 10 years old
  • Mileage that exceeds 100,000 up to maximum of 150,000

The Credit Union holds the vehicle title as collateral. There is no pre-payment penalty. Product availability and current rates may be changed at any time at the discretion of the Board of Directors.

Use Auto Power to get pre-approved

Start your financing process with Auto Power. Qualified applicants can get a pre-approved check up to a specific dollar amount for the purchase of a used vehicle. That makes it easier for you to negotiate the best price for a car. 

Protect your car from the start

You can count on us to protect your auto investment from the start. Consider GAP coverage for a one-time flat fee.

Next Steps

Choose a way to request your Used Auto Loan.

Your resources: Loan Information Checklist