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Navy Federal

Navy Federal Credit Union

Compare between Navy Federal Credit Union and other vendors

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Pros
  • Flexible loan terms (12 to 96 months)
  • Allow co-applicants
  • Offer discounts for active-duty and retired military members
  • Offer financing for many other vehicle types
  • Competitive interest rates
Cons
  • Membership restrictions
  • No soft credit check pre-qualification
  • Reports of inconsistent interest rates
Summary

Navy Federal Credit Union (NFCU), established in 1933 and headquartered in Vienna, Virginia, is a prominent financial institution serving over 13 million members, primarily those affiliated with the military. The credit union offers a variety of auto loan options, including financing for new and used vehicles, refinancing, and loans for motorcycles and RVs. Unique features include competitive annual percentage rates (APRs) ranging from 4.09% to 18.00%, flexible repayment terms extending up to 96 months, and no origination or prepayment fees, making it an attractive choice for borrowers. NFCU stands out for their commitment to customer service, providing 24/7 support through various channels, including live chat and phone assistance. The institution has received positive feedback for their quick loan decision process, often completed within minutes, and the availability of same-day funding in some instances. Additionally, NFCU offers a pre-qualification process, allowing potential borrowers to gauge their rates before committing. However, membership is exclusive to military personnel, veterans, and their families, which may limit access for some. Overall, Navy Federal Credit Union presents a compelling option for eligible members seeking reliable auto financing solutions.

Quick Stats
  • Loan Terms : 12 to 96 months
  • Minimum Accepted Credit Score : Undisclosed
  • APR : Starting at 4.09% for new cars, 4.99% for used cars
  • BBB Rating : N/R
Selling Points
  • 90-day pre-approval validity
  • Dedicated military programs and lower rates
  • Extra services like TrueCar and GAP insurance
Multiple Financing Options
  • Lease Buyout
  • Loan Refinancing
  • New Vehicle
  • Private Party
  • Used Vehicle
Additional Services
  • Extended Warranty
  • GAP Insurance
  • Undisclosed
    Limited Warranty
  • Mobile Application
  • Online Account Management
  • Return Policy
Eligibility Requirements
  • Hard Credit Check
  • Income
  • Undisclosed
    Minimum Credit Score
  • Pre-qualification With Soft Check
Fees & Costs
  • Documentation/Processing Fee
  • Late Payment Fees
  • Origination Fee
  • Prepayment Penalties
  • Title Transfer Fee
  • Upfront or Application Fees
Payment Options
  • Automatic Payments
  • Cash
  • Check
  • Debit or Credit Cards
  • In-Person Payments
  • Mail-In Payments
  • Online Payments
  • Phone Payments
Customer Support
  • Articles and Videos
  • Email
  • FAQs
  • Help Guides
  • Live Chat
  • Phone
FAQs
Is my family eligible to join Navy Federal Credit Union?
Does Navy Federal Credit Union offer a money-back guarantee?
What is the minimum credit score for Navy Federal Credit Union?
Does Navy Federal Credit Union offer refinancing?
Do you need a Navy Federal Credit Union membership to be eligible for auto loans?
What is the minimum auto loan amount that Navy Federal Credit Union offers?
Should I trust the customer reviews on Navy Federal Credit Union?
What documents and information are needed to apply for an auto loan with Navy Federal Credit Union?