Whether you're looking to purchase a used vehicle with higher mileage, or you're a car enthusiast that's always dreamed of owning that classic ride, LOC Credit Union now offers financing options for you!
Loan Options For Older Model & Higher Mileage Vehicles
If you're looking to finance an older vehicle or one with higher mileage, we've got you covered. When you're ready, we'll make sure the loan process is a smooth one so you can enjoy your new ride!
- Rates available as low as 8.20% Fixed APR
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Available for model years 2017 and older, with maximum of 150,000 miles
- Term available up to 48 months
- Ability to lock your rate in for up to 45 days while you shop
- Free CARFAX Report
Let us help you get your hands on the classic ride of your dreams!
- Rates available as low as 7.20% Fixed APR
- Available for vehicle model years 1998 and older
- Flexible terms up to 75 months
- Ability to lock your rate in for up to 45 days while you shop
- Free CARFAX Report
| Year | Fixed APR As Low As | Term | Note |
|---|---|---|---|
| 2017 and Older | 8.20% | Up to 48 Months | Max 85% LTV. Heroes Program Members eligible for 0.25% rate discount. |
Example: A loan amount of $15,000 with a rate as low as 8.20% for 48 months would have an approximate monthly payment of $368.00 APR = Annual Percentage Rate | Maximum LTV of 85% | 150,000 maximum mileage at time of application. Contact us for more information. CARFAX Report pulled on all vehicles. Additional restrictions apply. | |||
| Subject to approval. Approval and actual rate and term offered is based on overall creditworthiness factors and satisfactory collateral. | |||
| Year | Fixed APR As Low As | Term | Note |
|---|---|---|---|
| 1998 & Older | 7.50% | Up to 48 Months | Max 90% LTV. Heroes Program Members eligible for 0.30% rate discount. |
| 1998 & Older | 8.50% | Up to 75 Months | Max 90% LTV. Heroes Program Members eligible for 0.30% rate discount. |
Example: A loan amount of $20,000 with a rate as low as 7.20% for 48 months would have an approximate monthly payment of $481.00 APR = Annual Percentage Rate | Maximum LTV of 90% | $100,000 maximum loan amount. Loan amounts greater than $100,000 will be reviewed on a case by case basis. Contact us for more information. CARFAX Report pulled on all vehicles. Additional restrictions apply. | |||
| Subject to approval. Approval and actual rate and term offered is based on overall creditworthiness factors and satisfactory appraisal of collateral. | |||
What would my auto payments be?
Many factors go into determining the final loan amount for the purchase of a new or used vehicle. These factors include any manufacturer's rebate, the trade-in value of your old vehicle less any outstanding balance, your down payment, etc. Once the loan amount is determined the interest rate and the term of the loan will be used to estimate your vehicle payment.
