Take Out A Loan
Come to Mid-Atlantic Federal Credit Union (MAFCU) and drive away with one of the best auto loans deals around. If you're a qualified buyer and you can drive it - a new and used car, motorcycle, boat or RV - you can finance or refinance it here at some of the lowest rates in Montgomery County, Maryland. And at MAFCU, you'll save even more with access to other money-saving car buying services.
It's easy to find the MAFCU auto loan that's right for you.
Want more information, click here.
New and Used Car Loans
With a MAFCU low-rate auto loan, you can put yourself behind the wheel of your next car-or refinance the one you already own-faster and far more affordably than you ever thought possible. We offer:
- The same low rate for new and used car purchases-and refinances, too.
- Financing of up to 100%, including sales tax and extended warranty, on new and used cars up to seven years old, for qualified applicants.
- Super-fast decisions on loan applications. Complete our online application in about 3 minutes and receive a conditional decision in 60 seconds or less.
- Flexible payment terms of from 24-84 months on our fixed-rate loans.
- Special financing for Student Plus first car loans and classic cars.
- AutoDraft, which lets you write a check for the new or used car on the spot when purchasing from an authorized dealer.
- Convenient 24-hour access to loan information through our ATMs, Free Online Banking and Free Telephone Banking services.
RVs, Motor Homes and Boats
Looking for a vehicle that doesn't have four wheels? Finance it at MAFCU and save. We offer qualified borrowers RV, motor home and boat loans* with:
- Low rates based on your credit history.
- Up to 100% financing of the purchase price, including tags, taxes and title fees for new vehicles.
- Up to 90% financing of the NADA Used Retail value, for vehicles more than 5 years old.
*Credit Union must be shown as Lien-holder on evidence of ownership and on hazard insurance policy.
For the best financing deal on two (or three) wheels, motorcycle owners trust MAFCU. We offer low fixed rate motorcycle loans* with:
- Low rates based on your credit history.
- Up to 100% financing of a new motorcycle's purchase price, including tags, taxes, title fees and extended warranties, and up to 100% of a used motorcycle's NADA clean value, not to exceed current model year + 5 years (accessories not included).
- Vehicle is held as security. Copy of purchase order showing serial and key numbers is required.
*Credit Union must be shown as lienholder and loss payee on full coverage insurance declaration policy, with a maximum deductible amount of $500. Pre-approvals are good for up to 30 days. Maximum term for amounts less than $10,000 is 48 months. For amounts greater than $10,000, maximum term is 60 months.
Money-Saving Car Buying Services
At MAFCU, we're always looking for innovative ways and rewarding partnerships that can help save you money. That's why we've teamed up with:
- GM in their Invest in America program which offers a great discount-up to thousands of dollars on a new vehicle from Chevy, Buick and GMC. Find out more at LoveMyCreditUnion.org.
- Motor Vehicle Certification Program, which offers pre-negotiated prices on vehicles.
- United Buying Service for pre-negotiated prices on vehicles and discounts on factory installed extras.
|Name||Term||APR||Payment per Thousand|
|12-36 Month New Auto Loan||36 Months||1.990% 1||$28.64|
|37-48 Month New Auto Loan||48 Months||2.250% 1||$21.80|
|49 - 66 Month New Auto Loan||66 Months||2.499% 1||$16.23|
|67-84 Month New Auto Loan||84 Months||2.990% 1||$13.21|
|12-36 Month Used Auto Loan||36 Months||2.490% 1||$28.86|
|37-48 Month Used Auto Loan||48 Months||2.750% 1||$22.02|
|49-66 Month Used Auto Loan||66 Months||2.990% 1||$16.45|
|120 Month New RV Loan||120 Months||5.500%||$10.85|
|84 Month Used RV Loan||84 Months||6.250%||$14.72|
1Annual Percentage Rate as of 8/1/15 auto loan, includes a 0.25% MAFCU Maximizer discount. Existing MAFCU Auto Loans not eligible for refinancing. Rates are subject to change at any time. Your actual rate may vary (be higher), based on evaluation of applicant credit and terms requested.