Used Auto Loan

An affordable, fixed-rate LGFCU Used Vehicle Loan is a smart way to pay for your used car purchase.

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).

The first step is securing a loan. Our used auto loan features fixed-rate financing up to 110 percent of the NADA retail value of the car.

Financing eligibility

Vehicle must be 10 years of age or less and have mileage not exceeding 150,000.

Loan terms

We offer loans for residents of North Carolina, South Carolina, Georgia, Tennessee and Virginia. You must have collision and comprehensive insurance protection with a maximum deductible of $1,000 on your auto for the duration of the loan.

The Credit Union holds the title as collateral until the loan is repaid and there is no penalty for early pay-off.

Flood, salvage and reconstructed title vehicles are not accepted as collateral.

Loan terms up to 72 months for vehicles 5 years of age or less with mileage less than 100,000. Loan terms up to 48 months for vehicles 6-10 years of age and/or mileage greater than 100,000.

Get preapproval 

Start your financing process with Auto Power. You’ll get a preapproved check up to a specific dollar amount to purchase a vehicle. It makes negotiating the best rate at a dealership easier and you’ll enjoy LGFCU’s fair loan rates and terms.

Find out the vehicle’s value 

While you’re applying, you can also you find out the value of your prospective car or the trade-in value of your current car. Just access the Auto Center in Member Connect to find NADA car values before you head to a dealership.

Protect your car 

You can count on us to protect your auto investment from the start. Consider Guaranteed Asset Protection (GAP) coverage for a one-time, flat fee. Don’t forget to get a free quote for auto insurance, too. 

Next Steps

Choose a way to request your Used Vehicle Loan.