We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias.
But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.
Auto financing for new and used vehicles for military members and their families.
Navy Federal Credit Union serves US service members by offering auto loans at competitive rates. You can even find financing for other vehicles like motorcycles and RVs. But its history of bad collection tactics and customer complaints, might have.
Rhys Subitch is a writer and editor at finder.com who tackles topics across the site. With half a decade of experience researching, editing and writing for a Fortune 500 company, university and several independent publications, Rhys brings readers the most up-to-date and curated info on all things finance.
First, do I qualify?
To be eligible for a Navy Federal auto loan, you must at least meet the following requirements:
Member or eligible for membership
US citizen or permanent resident
You must be one of the following to qualify for Navy Federal Credit Union membership:
Active duty member of the Army, Marine Corps, Navy, Air Force or Coast Guard
Member of the Army or Air National Guard
Participant in the Delayed Entry Program (DEP)
Department of Defense (DoD) officer candidate or ROTC member
Veteran, retiree or annuitant
DoD civilian employee
US government employee assigned to a DoD installation
DoD contractor assigned to a US government installation
DoD civilian retiree or annuitant
Immediate family member or household member to one of the above
What types of car loans does Navy Federal Credit Union offer?
Navy Federal Credit Union offers a variety of auto loans to suit every need, including leisure time.
New car loans. Terms up to 96 months.
Late-model used car loans. Terms up to 72 months.
Used car loans.Terms up to 72 months.
Auto loan refinancing. Refinancing terms and rates reflect those of new and used car loans.
Navy Federal 2018 definitions for new, late-model used and used cars.
New cars are models from 2017 and less than 7,499 miles.
Late-model used cars are models from 2017 with 7,500 to 30,000 miles.
Used cars are models from 2016 and earlier, or any car with over 30,000 miles.
Navy Federal Credit Union auto loan rates
Rates can vary depending on the type of vehicle you’re buying or refinancing. Longer loan terms also have higher starting APRs.
Type of loan
New car loan
Used car loan
Late model used car loan
Other vehicle financing options
In addition to car loans, Navy Federal Credit Union offers financing for a wide variety of other types of vehicles.
Motorcycle and moped loans
Travel trailer loans
Rates start at 6.05% for boat loans with terms up to 180 months. Loans for a motorcycle loans start at 7.25% APR with terms up to 84 months. All other vehicle start at 8.09% APR with terms up to 180 months.
What are the benefits of Navy Federal Credit Union auto loans?
Discounts for active duty and retired military members. If you sign up for the Navy Federal Direct Deposit program, active-duty and retired military members will receive a 0.25% APR discount on their new car, motorcycle or boat loan.
Financing for recreational vehicles. Navy Federal Credit Union offers financing for motorcycles, boats and RVs in addition to car loans.
Live chat. You can get in touch without having to pick up the phone if you just have a quick question.
Coapplicants welcome. Navy Federal allows joint ownership of a loan, which can be important when it comes to big assets — especially if you’re married.
Preapproval. If you’re still shopping for a car, you may be able to qualify for preapproval to give yourself a negotiating tool.
What to watch out for
Limited membership. Though it’s expanded its membership criteria, it’s still fairly narrow compared to other lenders.
Poorly rated customer service. The general sentiment around the customer support provided is rather poor despite the 24-hour availability.
Past debt collection issues. In 2016, the Consumer Financial Protection Bureau (CFPB) ordered Navy Federal to pay over $28 million in settlements to members and penalties for “improper debt collection actions.”
Long terms are extra-expensive. This lender is one of a handful that charges higher rates for longer terms, meaning you’ll pay interest for longer at a higher rate.
Compare more car loan offers
Updated December 5th, 2019
How do I apply?
If you’re not already a member of Navy Federal Credit Union, you’ll need to apply for membership. In order to qualify, you’ll need to be a past or present service member or DoD employee, or a family or household member of one.
For a motorcycle, boat or leisure vehicle loan, you’ll need to call Navy Federal or visit a branch. Yo can also apply for auto loans online by following these steps:
Visit the Navy Federal Credit Union website.
Hover your cursor over Loans & Credit Cards.
Select Auto Loans.
Select Apply Now.
Sign into your online account.
Complete the required information.
You may need to submit additional documentation. Turnaround times will vary based on several factors, including whether you’re fully applying or just seeking preapproval.
What credit score do I need to get a Navy Federal Credit Union auto loan?
Navy Federal Credit Union doesn’t advertise a minimum credit score for its car loans. But you might have an easier time qualifying if you have good or excellent credit. Good credit generally means having a credit score of 670 or higher.
What documents do I need to apply?
To apply for an auto loan when you’ve already selected a car, you’ll need the following:
Vehicle Identification Number (VIN) of the vehicle
Vehicle’s exact mileage
State where you’ll register the vehicle
Dealer or seller’s name
Trade-in information, if applicable
Full amount that you’re financing
Term of the loan
If you’re applying with a co-applicant, you’ll also need to provide:
Your coapplicant’s name, phone number and email
Your coapplicant’s housing, employment and income information
Double check the full price.
Remember to include taxes, tags, title, warranty and any other relevant applicable fees when calculating the cost of your purchase.
I got the Navy Federal Credit Union auto loan. Now what?
You’re ready to hit the road, but it may be best to first set up payments to keep you rolling. Payments can be made through the Navy Federal app or online using the website. You can also set up automatic payments via ACH.
Fees vary, so make sure you look over your loan document to find out just how much you might get stuck with for late or returned payments. Should you have a question about your loan, a bill or anything else related to Navy Federal, you can contact customer service by live chat, email, phone or in person. You’ll also find Navy Federal on Facebook, Twitter, Instagram and YouTube if you want to get social.
Low starting rates, potential discounts and long terms can be appealing for those who qualify, although not all members will qualify for the best rates — if any. Those looking for outstanding customer service may also have a hard time finding it with Navy Federal. Take your time and compare your options with our guide to car loans before you settle on any one provider.
The 2018 definitions for new or used motorcycles are:
New motorcycles must have less than 1,000 miles and be 2017, 2018 or 2019 models.
Used motorcycles are any models that have over 1,000 miles or are a 2016 model or older.
No. If you’re already a member, you’ll remain a member as long as you have an active account.
Navy Federal Credit Union auto loans are available to residents of all 50 states, provided that you’re eligible for membership and meet other requirements.
Yes. Natural, adopted and stepchildren are all eligible.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.