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Vehicle Loans

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Don't have 15 minutes to complete the full vehicle loan application?  Click HERE and take 60 seconds to get started now!

 

 

Vehicle Loans

Drive off into the sunset with the perfect vehicle loan from GenFed! Whether you’re buying a new or used car, RV, boat or motorcycle, we offer competitive rates and fast approval. If you love your vehicle but not your car payment, ask us about refinancing!

You may qualify for a 0.25% discount on your auto loan if:

We also offer financing for motorcycles, RVs, boats, and more.

Vehicle Loan Options

Start your car search here! GenFed offers competitive rates and fast preapproval, plus we can tell you what the dealer paid for the new car you’re looking at, the NADA value of the used car you’re considering, or the NADA value of your trade-in.

  • No payments for the first 90 days*
  • No application fees or pre-payment penalties
  • Financing for up to 100% of NADA retail value for used cars
  • Financing up to 84 months on new and 72 months on used cars
  • Don’t have perfect credit?  Not a problem, we look for reasons to lend.
  • Extended financing up to 84 months (120 months for new ATV and boat loans)
  • Refinancing available (we’ll reimburse up to $100 in pre-payment penalties from other lenders)
  • Make bi-weekly payments to save on interest, for no additional fee
  • Skip-a-pay program may allow you to skip a payment around holiday or vacation time

Get Preapproved!

Shopping for a car doesn’t have to be stressful. Instead of trying to figure out what offer is best for you in the high-pressure atmosphere of a car dealership, you can shop with confidence with a preapproved car loan from GenFed.

Get your low-rate auto, boat, motorcycle or RV loan pre-approved and we’ll give you $50 cash when you come back and close your loan!**

Apply Now

Loan Rates

Vehicle Loan Rates

New Vehicles, Motorcycles, RVs, Boats, Campers, ATVs
Loan TypeTermAPR as low as
Auto Loan 2 - 5 Years 2.99%
  5 1/2 Years 3.24%
  6 Years 3.74%
  7 Years 4.99%
RV/Boat/Camper 2 - 5 Years 3.99%
  5 1/2 Years 4.24%
  6 Years 4.99%
7 Years 5.99%
Motorcycle 2 - 5 Years 4.49%
  5 1/2 Years 4.74%
  6 Years 5.49%

APR stands for Annual Percentage Rate. Rates are accurate as of 10/1/2020 and subject to change at any time. All loans subject to approval and terms. Rates include all possible discounts. Call your branch to determine which discounts apply to you.

Terms may be limited and rate may change based on age of vehicle. Refinance of existing GenFed vehicle or Real Estate loans subject to a fee and other criteria. Other rates and programs apply to new money only.

Used Vehicles, Motorcycles, RVs, Boats, Campers, ATVs
TypeTermAPR as low as
Auto Loan 2 - 5 Years 3.49%
  5 1/2 Years 3.74%
  6 Years 4.24%
RV/Boat/Camper 2 - 5 Years 4.49%
  5 1/2 Years 5.49%
  6 Years 5.49%
7 Years 6.49%
Motorcycle 2 - 5 Years 4.99%

APR stands for Annual Percentage Rate. Rates are accurate as of 10/1/2020 and subject to change at any time. All loans subject to approval and terms. Rates include all possible discounts. Call your branch to determine which discounts apply to you.

Terms may be limited and rate may change based on age of vehicle. Refinance of existing GenFed vehicle or Real Estate loans subject to a fee and other criteria. Other rates and programs apply to new money only.

Mower & Tractor Loan Rates

New Tractors, Mowers
TermAPR as low as
2 Years 4.49%
3 Years 4.49%
4 Years 4.49%
5 Years 4.49%
APR stands for Annual Percentage Rate. Rates are accurate as of 10/1/2020 and subject to change at any time. All loans subject to approval and terms. Rates include all possible discounts. Call your branch to determine which discounts apply to you.

Used Tractors, Mowers
TermAPR as low as
2 Years 5.49%
3 Years 5.49%
APR stands for Annual Percentage Rate. Rates are accurate as of 10/1/2020 and subject to change at any time. All loans subject to approval and terms. Rates include all possible discounts. Call your branch to determine which discounts apply to you.

* Interest will continue to accrue over the 90 days.
** Minimum loan amount is $5000.00 and loans with Flex Rate approvals are ineligible. There is a limit of one incentive per member.

GenFed Auto Buying – TrueCar

Save time and money on your next new or used car!  Get pre-approved for your loan through GenFed and search your favorite brands on-line and get discounted pricing offers with GenFed’s car buying service powered by TrueCar.  

Click here for information on how it works.

You May be Paying too Much for Car Insurance

Credit union members could save hundreds of dollars on car insurance through the TruStage® Auto Insurance Program. And it can be easy to switch carriers—without losing any money.  Get a free quote today. Don’t wait to see how much you could save.

Get a Free Quote