Vehicle

Auto Loans

Loan Type Terms APR
New/Used Auto Loan 1-36 months 1.99% – 10.50%1
New/Used Auto Loan 37-60 months 2.49% – 10.50%1
New/Used Auto Loan 61-72 months 3.49% – 11.25%1
New/Used Auto Loan 73-84 months 4.49% – 14.25%1

NOTE: New Auto Loan is current model year or newer. Used Auto Loan is up to 7 model years old. For example, if a $12,000 loan was taken at the rate of 1.99% for 36 months, the monthly payment would be $343.66. For additional payment examples, please look at the bottom of this page. Rates effective as of 9/15/14.

1 The APR* shown above reflect the current minimum APR offered. The APR may be adjusted based on individual credit standing, term, loan-to-value, debt-to-income ratio, aggregate credit score, and product mix. Please contact a loan officer to determine the rate and term for which you qualify.


Why Should You Apply with Belvoir Federal?

The process is simple and easy. There are no penalties for early repayment. We have competitive interest rates on all loans. Belvoir Federal provides 100% financing and fixed rates for new vehicle loans.

  • If you’re looking for a new car, look into credit union participating dealers with the Credit Union Auto Loan Network.
  • If you’re looking for a used auto, be sure to view cars that the credit union has for sale by clicking here

Save money on your taxes when you purchase a vehicle with our Tax Wise installment loan

A Tax Wise installment loan is secured by the vehicle purchased and by a lien on your real estate property which must be in Virginia, Maryland, or the District of Columbia. Although most interest on personal loans is no longer tax deductible, interest on loans secured by your home may still be tax deductible for you.

First collateral is the automobile and second collateral will be the property (home) which must be located in Virginia, DC, or Maryland. Up to 100% of collateral (automobile) value may be financed, plus any necessary fees and costs to title the vehicle and any extended warranty or GAP coverage. Interest paid on this loan may be eligible for a tax deduction (please consult your tax advisor for more information). Automobile used as collateral can only be four years old or newer. Rates and terms based on the same repayment schedule as a New Vehicle Loan.


Additional Loan Examples: If a $12,000 loan was taken at the rate of 2.89% for 60 months, the monthly payment would be $215.04. If a $20,000 loan was taken at the rate of 4.15% for 72 months, the monthly payment would be $314.27. If a $20,000 loan was taken at the rate of 5.15% for 84 months, the monthly payment would be $284.09.


Boat, Motorcycle, and RV Loans

Loan Type Recreational Vehicle (motorcycle, boat, or RV)
Term Up to 240 months (84 months max term on motorcycles)
Rate as low as 5.50% APR*

NOTE: New or Used Recreational Loan is up to 4 model years old. Inquire about rate discounts. The APR shown above reflects the current minimum APR offered. The APR may be adjusted based on individual credit standing, term loan-to-value, debt-to-income ratio, and aggregate credit score. Please contact a loan officer to determine the rate and term for which you qualify. If a $100,000 loan was taken at the lowest rate of 5.50% for 240 months, the monthly payment would be $687.89. Rates effective as of 7/1/14. RV or Boat must be self-contained (i.e. full bathroom and kitchen) to qualify for terms over 180 months. 84 months is the maximum term on motorcycles.

Tax Wise Loan Information

First collateral is the automobile and second collateral will be the property (home) which must be located in Virginia, DC, or Maryland. Up to 100% of collateral (automobile) value may be financed, plus any necessary fees and costs to title the vehicle and any extended warranty or GAP coverage. Interest paid on this loan may be eligible for a tax deduction (please consult your tax advisor for more information). Automobile used as collateral can only be four years old or newer. Rates and terms based on the same repayment schedule as a New Vehicle Loan.

If you have any questions, please contact the Consumer Lending & Collections Manager via email.


Auto Loan Business Partners

Belvoir Federal has partnered with corporations that we believe will make a difference in your buying experience. Belvoir Federal’s partners will work with you to ensure that you get the car you want at the price you need for the low auto loan you deserve.


Validate Your Cars Value

Belvoir Federal has partnered with NADA Guides to offer our members the opportunity to price their vehicles. Check out what your auto, motorcycle, boat, or RV is worth today.

Just click below for what you would like to price.