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Auto Loans

Whether you’re buying your first car or upgrading to the vehicle of your dreams, as a NCPAFCU member, you get access to competitive auto loan interest rates that fit your budget.

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Car shop with confidence

NCPAFCU provides vehicle loans with flexible terms and competitive interest rates.1


Explore our auto loan programs and offerings:

New auto loans

Always dreamed of a shiny new car right off the lot? Get the financing you need for the vehicle you want.

  • Fixed interest rates: Shop and buy knowing what you’ll spend on a monthly basis.
  • Flexible terms: For new vehicles (must be prior, current, or upcoming year model) with 10,000 miles or less, up to 72-month terms2,3 available.
  • Maximum loan amounts up to $50,000
Apply now

Used auto loans

Finance a new-to-you car with a used vehicle loan or refinance an existing loan to NCPAFCU.

  • Fixed interest rates: Shop and buy knowing what you’ll spend on a monthly basis.
  • Flexible terms: Terms up to 72 months2,3,4 for vehicles less than 10 years old with 150,000 miles or less.
  • Maximum loan amounts up to $35,000
Apply now

Disclosures

 New auto loan rates

TermAPR5 as low as
36 months4.50%
60 months5.00%
72 months5.25%

Disclosures

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Used auto loan rate

TermAPR5 as low as
72 months5.75%

Disclosures

Apply now Calculate payment
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Stay protected on the road

We require collision and comprehensive insurance coverage with a maximum deductible of $1,000 throughout the term of auto loans to protect you and your investment in a new or used car.


Looking for a provider? Talk with an insurance specialist to explore your auto insurance options.6

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Keep your finances secured after an accident

Guaranteed Asset Protection (GAP) coverage helps ensure that unexpected out-of-pocket expenses remain minimal if your car is subject to a total loss.7,8 If your car is totaled in an accident,7,8 insurance settlements are based on the actual value of your vehicle and don’t always cover the total balance of your vehicle loan. GAP coverage helps to bridge the difference between your insurance settlement amount and your loan balance.9

Our GAP coverage10 is available on new loans11 for a flat fee of $699.00.

Features of GAP:

  • 90-day "free look" period: During the first 90 days of the loan, coverage may be canceled for a full refund. The refund is applied to the outstanding loan balance.10

  • Available for new and used cars, light trucks, vans, and SUVs.12

  • Maximum claim benefit of $50,000.

  • Maximum market value of the vehicle is $100,000.13

GAP should be considered when you:

  • Drive a lot of miles annually; this decreases your vehicle’s value more quickly.

  • Finance the purchase of a vehicle with a minimal down payment, resulting in a high loan-to-value (LTV, the ratio comparing the amount of your loan with the appraised value of the vehicle).

  • Trade in a vehicle and the balance of the old loan is rolled into the new vehicle loan, resulting in a high LTV.

  • Have a loan term that’s more than 60 months.

(888) 732-8562
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Auto Power Program for new and used cars

Our Auto Power Program allows you to purchase a new or used vehicle at your convenience without the hassle of dealer financing. Auto Power provides a pre-approved check up to a specific dollar amount. This check can be used to purchase a vehicle from a licensed auto dealer. You can make a deal and drive away without visiting a branch.

Apply now

  1. Members must be 18 years old or otherwise eligible for lending services to apply. Lending is limited to North Carolina, South Carolina, Georgia, Tennessee, and Virginia residents and titled vehicles. Other restrictions apply.
  2. Cash out is not available on vehicle purchase transactions.
  3. Vehicle title held as collateral until the loan is repaid. Commercial vehicles or vehicles with branded (flooded, salvaged, or reconstructed) titles, motorcycles, boats, and RVs are not acceptable collateral.
  4. Financing is not allowed on vehicles older than ten years or those with mileage over 150,000 at the time of origination.
  5. APR = Annual Percentage Rate. APR is your cost over the loan term expressed as a rate. Rates are subject to change prior to the completion of the loan. Your actual APR will be determined at the time of disbursement and may vary based on credit score, collateral, and loan terms. If you qualify, we can give you a quote for the current rate and most loan documents can be signed electronically.
  6. Auto, home, and other personal lines of insurance are subject to underwriting. Insurance products are not guaranteed by, a deposit of, or an obligation of, any credit union and are not insured by NCUA or any other federal government agency. Insurance specialists are licensed to sell in North Carolina only.
  7. GAP claims are processed through TruStage.
  8. Your purchase of Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the GAP Waiver Agreement (”Agreement”) before you are required to pay for GAP. You should carefully read the agreement for a full explanation of the terms. If you finance the GAP fee, interest will be assessed against the fee which will increase the cost. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid. If you cancel on or after the 91st day you will not receive a refund.
  9. GAP may not protect the entire deficiency between the insurance payment or actual cash value and your outstanding loan balance. You are responsible for any remaining balance due on your loan after processing the request for benefits. A copy of the GAP Agreement can be provided upon request for additional information.
  10. GAP coverage can be canceled at any time; however, a refund is available only during 90-day free-look period under certain circumstances. Loan payment amount may be modified if cancellation occurs during 90-day free-look period.
  11. GAP coverage cannot be added to an existing auto loan. To add GAP, the loan must be refinanced, and coverage must be selected during the new loan origination.
  12. Gross vehicle weight must be 14,000 pounds or less. GAP coverage is unavailable for salvaged vehicles, flood vehicles, vehicles with a reconstructed title, classic vehicles, or vehicles used for ride-sharing.
  13. Based on MSRP or JD Power average retail value.