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Auto Loan Center

New Vehicles (Model years, 2022, 2023 & 2024)

Our new vehicle financing rates apply to both purchases and refinance transactions if the vehicle mileage is under 25,000.  Repayment terms of up to 84 months are available, depending on your credit and the vehicle cost. Depending on your credit, we can finance the entire cost of the vehicle.

Rates as low as (0% down required)*:
4.99% APR for 4 years
5.24% APR for 5 years
5.49% APR for 6 years
5.99% APR for 7 years

APR = Annual Percentage Rate

Used Vehicles

2020 through 2014 models may be financed (from a dealer or private party) or refinanced with a Used Auto or Truck Loan. 2022 and newer models are also refinanced under the used vehicle policy if the vehicle mileage exceeds 25,000.  Repayment terms of up to 72 months are available.  Depending on your credit, loans of up to 105% of value are available.

For model year 2018 thru 2021 rates as low as (0% down required)*:
5.24% APR for 4 years
5.49% APR for 5 years
5.74% APR for 6 years

APR = Annual Percentage Rate

Minimum rate of 6.24% APR for model years 2015 thru 2017.

Used Vehicles

2014 through 2011 models: Loans for vehicles back through the 2011 model year are available for those with good credit, provided the vehicle has a value of $5,000 or greater. A minimum down payment of 5% is required.

For dealer purchases, you may complete your purchase with an Autodraft, a pre-approved check given to you by the Credit Union which you complete and give to the dealer. The Autodraft includes a not-to-exceed loan amount and is valid for 60-days.

Minimum rate of 6.99% APR for model years 2011 thru 2014.*

loan payment Calculator

* Rates quoted assume a minimum FICO credit score of 730 or greater

Defer your first payment up to 60-days.

Get Pre-Approved!

Apply for the maximum loan amount that you’ll need and we will pre-approve your credit. Credit pre-approvals are valid for up to 45-days and will include your interest rate, down payment requirements (if any), your estimated payment and loan repayment term.

Is Loan Credit Insurance Right For You?

Protect your payment and credit with low-cost credit insurance. Credit Life or Accident and Sickness Insurance that will repay your loan if you become disabled due to a covered illness or accident or in the event of your death. There are no medical questions or forms to complete.

Buying a Vehicle Online?

Be aware that criminal perpetrators may post fraudulent online classified advertisements offering vehicles for sale that are not, nor have ever been, in their possession.
FBI Online Vehicle Sale Fraud Warning

Find Your Vehicle

Use our Auto Buying Center to find your next new or pre-owned vehicle from the online listing of more than 4 million vehicles. Features include a quick “find it” tool, extensive listing of features, vehicle photos, “side-by-side” comparisons, trade-in and used retails values, a “Price Advisor” tool, free Carfax reports, and much more!!

Get an Autodraft

For dealer purchases, you may complete your purchase with an Autodraft, a pre-approved check given to you by the Credit Union which you complete and give to the dealer. The Autodraft includes a not-to-exceed loan amount and is valid for 60-days. Select your vehicle and work out your purchase details with the dealer. Make the Autodraft out to the dealer for the loan amount and drive off with your vehicle. Once the Autodraft is paid, we contact you to work out the loan repayment terms and repayment arrangements. 


Additional Research

Buying a used vehicle? Check the vehicle retail and trade in values by clicking here. Get vehicle safety, rollover and crash test information and see if a vehicle was included in a safety recall at the U.S. Department of Transportation's website www.nhtsa.gov.  Research fuel mileage information at www.fueleconomy.gov. Information for the 2024 model year vehicles now available. Stop by our office to review the Consumer Reports new and used vehicle reviews and repair ratings to determine which vehicle is best for you. 

Check out the National Highway and Traffic Safety Administration's website for vehicle recall and safety information. Another resource is the Insurance Institure For Highway Safety website which lists new and used vehicle crash test ratings and safety information.

Considering a hybrid or electric car purchase? Check out this government website providing additional information about hybrids, plug-in hybrids and all-electric cars.

Vehicle Extended Warranties

Did you know that one in three vehicles has a mechanical failure in a given year? We are pleased to offer affordable Mechanical Breakdown Protection coverage through Route 66. Plans for autos and trucks start around $1,395. There are different plans and different levels of coverage. Warranties are available even if your loan isn't with the Credit Union. Click here for detailed auto and truck extended warranty coverage information. Click here for detailed motorcycle and ATV extended warranty coverage information.

  • $0 Deductible
  • Nationwide Coverage
  • Includes 24/7/365 Emergency Roadside Service
  • 30 Day Money-Back Guarantee
  • Transferable
  • Available on most 2010 or newer models with up to 120,000 miles

GAP - Guaranteed Auto Protection

Will your insurance pay off your loan if your car is totaled? GAP Plus protects you financially if your vehicle is totaled or stolen.

Most people believe that if their vehicle is totaled or stolen, their primary insurance will pay off their loan balances. Well, think again! If your vehicle is totaled or stolen, your primary insurance carrier will usually pay only the actual cash value (current market value) of your vehicle less your deductible. This amount could be substantially lower than your loan balance. The final result is a financial GAP where you must pay the difference between your loan balance and your insurance settlement, which could mean thousands of dollars out of your pocket. GAP Plus coverage eliminates the out-of-pocket expense you would incur to pay off your loan should your vehicle be stolen or totaled. GAP Plus also provides $1,000 towards your replacement vehicle if you finance with LMFCU.

The cost for GAP Plus is only $499. For those using your vehicle for work or other purposes such as food delivery or Uber or Lyft, the GAP plan fee is $699. Most dealers charge between $500 to $999 for the same coverage!

Find Out More with CarFax

Carfax vehicle history reports provide the first step in protecting yourself against buying a used vehicle with costly hidden problems. Carfax searches its nationwide database and provides a detailed vehicle history report in seconds. Get up to 2 FREE Carfax reports if you are pre-approved for a vehicle loan.

Experienced Auto Advisors

Purchasing a vehicle can be a nerve wracking and difficult task. Don’t get played by the dealer.  Once you are pre-approved for an auto loan. Feel free to ask our experienced vehicle loan specialists for tips on purchasing your vehicle.






Refinance Your Loan Currently With Another Lender and Save!

We can typically reduce your interest rate and payment and defer your first payment up to 90-days.

Refinance your auto, truck, SUV, hybrid or van at our more than competitive rates.

Vehicles as old as the 2011 model year are eligible (restrictions apply).
Model year of 2022, 2023 and 2024 vehicles are eligible for our new vehicle rates if the vehicle mileage is under 25,000. 

Lease buyout loans are also available.

The maximum loan may be as much as 105% of the vehicle value*
The maximum loan available in any case is $100,000.00.

Repayment terms for model years of 2022, 2023 and 2024 are up to 7-years*
Repayment terms for model years 2021 and older are up to 6-years*

Use our Refinance Calculator to get a quick estimate on your potential loan interest savings as well as your new Credit Union loan payment.

Our ‘Credit Based Rates’ program bases your loan interest rate on your FICO credit score, the loan-to-value, and the vehicle age. Members with a very good financial status will qualify for our lowest loan rates. 
Your loan rate will be confirmed when you apply for your loan.
Guaranteed Auto Protection (GAP) is available and recommended if your loan amount is close to or exceeds the vehicle retail value.
Extended Warranties are also available on vehicles of any age.

Let's Get Started

You may apply for a loan in-person, by telephone or online.

Not a member? If you are eligible for membership, you may still apply now and setup your membership prior to the disbursement of your loan.
The loan credit review is typically completed within one-day or less.
Information to submit after you apply for your loan: 

  • Copy of the vehicle title or the vehicle registration certificate 
  • Recent purchase? If available, provide copy of the purchase order/bill of sale.
  • Current lender information: lender name, loan number, telephone number (you may list this in the “comments” section of the loan application).
  • Lease buyout? Provide a copy of the lease buyout letter, if available.

You may submit the above by fax to 410-687-0522 or email to loans@lmfcu.org.

Anyone who is an owner or co-owner of the vehicle must sign to consent to the loan.

The Loan Disbursement Process

  • You may sign your loan documents in person or with a secure eSignature.
  • We payoff your current lender by sending a payoff check via Federal Express.
  • The Credit Union also handles the update of the vehicle title. We will also pay the state lien recording fee (refinance transactions only)

Questions? Contact a LMFCU Loan Specialist.

Apply for a loan

*Loan rates, loan-to-values, repayment terms and the maximum loan available are based upon the member’s credit score, the vehicle age, value and mileage.

All New Auto Buying Center

  • Expanded dealer network listing more than 4 million new & used vehicles
  • Know exactly what you want? Use the “Find It” tool
  • Vehicle features list, photos & recall history
  • Improved “side-by-side” vehicle comparison tool, (up to 5-comparisons)
  • Create a free account and save your vehicle searches
  • Trade-in and used retail values*
  • “Price Advisor”, are you getting a fair deal?*
  • Free Carfax reports
  • Refinancing calculators
  • Works with any mobile device, no need for a mobile app

Auto Talk Newsletter - Winter 2023

  • Is it a good time to buy a pre-owned car?
  • Save That Car
  • Benefits of Credit Union Loans

Auto Talk Newsletter - Fall 2023

  • Shopping Tips From Your Credit Union
  • Your Auto Loan Refinance Calculator
  • Get the Best Deal on Your Car Purchase


  • The Ultimate Car Shopping Checklist
  • Search by Payment Tool
  • Top 5 Features of Our Auto Shopping Website


  • Buying vs. Leasing: The Pros and Cons of Each Option
  • Free CAREFAX Reports
  • Get the Best Deal on Your Car

Auto Talk Newsletter - Winter 2023

  • Is it a good time to buy a pre-owned car?
  • Save That Car tool
  • Benefits of Credit Union Loans

auto talk newsletter - fall 2022

  • Top Benefits of Car Shopping with Credit Union Pre-Approval
  • Search by Payment Calculator
  • Fall is a Great Time to Get That New Car!

auto talk newsletter - summer 2022

  • Easy Steps to a Great Experience
  • Find a Local Dealer
  • Top 5 Features of Our Auto Shopping Website

auto talk newsletter - Spring 2022

  • Financial Tips for Car Buying
  • Your Auto Loan Refinance Calculator
  • Top 5 Reasons to Shop For Your Next Car with Us