Auto Loans

When it comes to auto loans, we want our members to get an excellent deal. We provide low rates, 100% financing and great service. Plus, our discounts for Member Loyalty and our New Members help you save even more! Get pre-approved for your loan from Democracy FCU before you visit the dealership. You can upgrade your ride and save hundreds!

Apply for an Auto Loan

Estimate your payments

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Guaranteed Auto Protection (GAP)

Pays off your loan balance if your car is stolen or damaged beyond repair. 

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Auto Advantage Program

Complimentary deductible reimbursement with the purchase of GAP. 

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Extended Warranty

Protection from budget-busting vehicle repairs. 

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Member Discounts

New and existing members may be eligible for discounts. Ask us how!

New Auto Loan Rates

Table data for New Auto Loan Rates
 Effective 02-18-2020
Term Loan Amount APR (as low as)1 Monthly Payment Per $1,000 Borrowed Amount Estimate Your Payment Alert Me
66 Months Up to $25,000 2.35% $16.17 Up to 125% of MSRP to include tax, tags, warranties and GAP Estimate Your Payment
78 Months $15,000 to $35,000 3.05% $16.48 Up to 125% of MSRP to include tax, tags, warranties and GAP Estimate Your Payment
84 Months $35,000+ 4.30% $17.05 Up to 125% of MSRP to include tax, tags, warranties and GAP Estimate Your Payment
A New Auto is an untitled auto or current year model.
  • 1Annual Percentage Rate. The New Auto rates above include discounts for direct deposit of net check (pay, Social Security, retirement); or a minimum of $2,500 in unencumbered shares in the Credit Union and discounts under the Member Loyalty Program. Total rate discounts cannot exceed 1.25%. Rates, terms, and conditions vary based on credit worthiness and other qualifications and are subject to change. Payment examples do not include debt protection coverage.↵

Used Same as New Auto Loan Rates

Table data for Used Same as New Auto Loan Rates
 Effective 02-18-2020
Term Loan Amount APR (as low as)1 Monthly Payment per $1,000 Borrowed Amount Estimate Your Payment Alert Me
66 Months Up to $15,000 2.35% $16.17 Up to 125% of financing of NADA Clean Retail to include tax, tags, warranties and GAP Estimate Your Payment
78 Months $15,000 to $35,000 3.05% $16.48 Up to 125% of financing of NADA Clean Retail to include tax, tags, warranties and GAP Estimate Your Payment
84 Months $35,000+ 4.30% $17.05 Up to 125% of financing of NADA Clean Retail to include tax, tags, warranties and GAP Estimate Your Payment
A Used Same as New Auto includes model years 2018 and 2019 that are untitled autos or current year models.
  • 1Annual Percentage Rate. The Used Same As New rates above include discounts for direct deposit of net check (pay, Social Security, retirement); or a minimum of $2,500 in unencumbered shares in the Credit Union and discounts under the Member Loyalty Program. Total rate discounts cannot exceed 1.25%. Rates, terms, and conditions vary based on credit worthiness and other qualifications and are subject to change. Payment examples do not include debt protection coverage.↵

Used Auto Loan Rates

Table data for Used Auto Loan Rates
 Effective 02-18-2020
Term Loan Amount APR (as low as)1 Monthly Payment per $1,000 Borrowed Amount Estimate Your Payment Alert Me
66 Months Up to $15,000 2.75% $16.35 Up to 125% of financing of NADA Clean Retail to include tax, tags, warranties and GAP Estimate Your Payment
78 Months $15,000 to $35,000 3.65% $16.75 Up to 125% of financing of NADA Clean Retail to include tax, tags, warranties and GAP Estimate Your Payment
84 Months $35,000+ 4.65% $17.21 Up to 125% of financing of NADA Clean Retail to include tax, tags, warranties and GAP Estimate Your Payment
A Used Auto includes model years 2014, 2015, 2016, 2017, and 2018.
  • 1Annual Percentage Rate. The Used Auto rates above include discounts for direct deposit of net check (pay, Social Security, retirement); or a minimum of $2,500 in unencumbered shares in the Credit Union and discounts under the Member Loyalty Program. Total rate discounts cannot exceed 1.25%. Rates, terms, and conditions vary based on credit worthiness and other qualifications and are subject to change. Payment examples do not include debt protection coverage.↵

Auto Loan Resources

Information and Services

  • TRUECar: Your one-stop shop for buying your next vehicle. Search for the vehicle you want, pick the price you want to pay and apply for financing from your trusted Credit Union.
  • New Member Auto Loan Discounts: New Democracy FCU members have 90 days to cash in on a .50% APR1 discount on auto loans.
  • Member Loyalty Rate Discount Program: For your years of Loyalty to Democracy Federal Credit Union, we would like to say thank you, by offering a discount on interest rates for automobile loans*.

Estimate Your New Auto Loan Payment