Used Auto Loan

Get affordable financing for a pre-owned car and great service from your trusted lender.

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 18 years of age or older who are residents of North Carolina, South Carolina, Georgia, Tennessee and Virginia.

Fair loan terms that protect you

Our Used Auto Loan features fixed rate financing up to 110 percent of the NADA retail value of the car. Cash-out refinances are limited to 100 percent of the value of the vehicle based on the NADA retail value. Log in to Member Connect to find the value of the vehicle or your trade-in. Cash-out is not available on vehicle purchase transactions.

You must have collision and comprehensive insurance protection with a maximum deductible of $1,000 on your auto for the duration of the loan. Get a free auto insurance quote.

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

Loan terms up to 72 months are available for vehicles 5 years of age or less with mileage less than 100,000. 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 title as collateral until the loan is repaid and 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. Once the Used Auto Loan is approved, you'll get a pre-approved check up to a specific dollar amount to purchase a vehicle. It makes negotiating the best price for a car easier.

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 at a lower cost than usually found at a dealership.

Next Steps

Choose a way to request your Used Vehicle Loan.