Young family taking a road trip in their car.
3.95 APR


Up to 100% of MSRP, plus additional 10%


Up to 72 months for eligible vehicles

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 who are residents of North Carolina, South Carolina, Georgia, Tennessee and Virginia. You must be age 18 or older to qualify for a loan.

Fair loan terms that protect you

Our Used Auto Loan features fixed rate financing up to 100% of the NADA retail value of the car plus an additional 10% to cover purchase-related expenses such as tax, tags and extended warranties. Cash-out refinances are limited to 100% 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, RVs and commercial vehicles 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. For example, for a $15,000 used vehicle loan, your monthly payment will be $234.34 for 72 months at 3.95% Annual Percentage Rate, or APR. You can use this calculator to determine your payment options.

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 vehicle title as collateral. 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.

Next Steps

Choose a way to request your Used Auto Loan.

Your resources: Loan Information Checklist