Auto Loan FAQs

As an AgFed member, you are always eligible to apply for a loan.  Loan approvals are determined by reviewing many factors.  These include, but are not limited to, credit score, debt-to-income ratio, employment history and stability and other determining factors.  Filing bankruptcy does not preclude you from getting a loan, although it is a factor in the decision making process. 

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You may request a copy of your title from us at 202-479-2270 or 800-368-3552.  The fee is dependent upon the situation.

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GAP coverage is designed to help eliminate the difference between how much a vehicle is worth and how much a consumer owes in the event the vehicle is totaled or stolen and not recovered. You pay for the coverage and it can be included in the loan or paid by cash.

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No, you could purchase a vehicle from a dealer or a private seller. Please contact us at 202-479-2270 or 800-368-3552 for additional details if you are purchasing from a private seller. 

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Car values can be easily obtained at www.edmunds.com or www.nada.org.

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At this time, Agriculture Federal Credit Union does not offer auto loans for fleets. 

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To apply, simply call 888-451-5626 to speak to a representative or apply online at the ‘Loans’ tab of our home page, 24 hours a day, 7 days a week.  If you prefer to apply in person, stop by one of our branches and our Member Service Representatives will be glad to assist you. 

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No, we will finance vehicles purchased from any dealership. 

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Rates are typically higher for individuals who have a lower credit score. 

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Rates on automobile loans may change at any time.  Once you have been pre-approved for an auto loan, your approved rate is guaranteed for 30 days.

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You can obtain a copy of your credit history online at www.annualcreditreport.com.

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NADA values can be obtained at www.nada.org.

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The title should arrive at your current address within two weeks.  If you made your payoff in cash, you may request that we expedite the title.  There are additional fees for this service.

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An appraisal may be required for a classic car, but not for a car within the last nine model years. 

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New and used vehicles can be financed for up to 84 months. Please look under the ‘Loans’ tab on the AgFed home page for additional information.  Certain terms and conditions may apply. 

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You will need to provide certain documents, such as purchase/buyer's order, proof of insurance, etc.  A loan officer from AgFed will contact you with the specific information needed to complete your loan.

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If you are interested in knowing the value of your vehicle, or a vehicle you may be interested in purchasing, you can go to NADA at www.nada.org online and input the information for your vehicle. You may also call 800-368-3552 and one of our representatives can assist you. 

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New car values can be easily obtained at www.edmunds.com.

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There are no application, loan origination, or closing fees associated with refinancing auto loans from another institution.

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The Credit Union does finance classic cars on a case-by-case basis. Please contact us at 202-479-2270 or 800-368-3552 for more information.

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Submit your application as a used auto loan. Please call 888-451-5626, submit your application online at the ‘Loans’ tab on our home page or visit one of our branches.

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At this time, Agriculture Federal Credit Union does not offer the financing of leased vehicles. 

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You can have your scheduled loan payments deducted monthly, bi-weekly or weekly from your account at AgFed.  This can be scheduled at the same time as your direct deposit. 

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There are no pre-payment penalties for any auto loan that we offer. 

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At this time, Agriculture Federal Credit Union does not offer financing for leased vehicles. 

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Yes, as long as your vehicle is within 9 model years.  Certain restrictions and conditions may apply. 

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Yes, but certain restrictions may apply.

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If you apply online, a separate application must be submitted for each loan product requested.  However, if you apply through our 24 hour loan line at 888-451-5626, you will only need to provide the information once. 

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Yes, the rate may vary, as it is determined by an evaluation of credit history, amount borrowed, term and other factors.  Certain restrictions may apply.

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At this time, we are unable to provide titles on the same day as the loan payoff.  If you pay your loan off with cash, we can expedite the title release and should be able to provide it the day after the payoff.  You can request that your title be expedited at an additional charge. 

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Yes, your rate may vary as it is determined by an evaluation of credit history, amount borrowed, term and other factors.  Certain restrictions may apply.

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Yes, once your application is pre-approved, you have up to 30 days to search for your vehicle. 

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Agriculture Federal Credit Union will finance any vehicle up to 9 model years and up to 100% NADA value.  Classic cars are financed on a case-by-case basis.  Certain restrictions and conditions may apply.

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Yes, we believe that the warranty we can offer you is as good, or better, than the warranty from the dealership.  Certain restrictions and conditions apply. 

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Make the payoff amount at any branch or share branch location or mail your payoff to:

Once the payoff amount has been posted, your title should arrive at your current mailing address in about two weeks. 

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The name(s) on the title must be the same as the name(s) on the loan. 

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You must have insurance for any vehicle you purchase, in accordance with your state laws.  For any vehicle financed for an amount in excess of $30,000, the Credit Union must receive proof of insurance.

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In the event that you find a lower rate while you are shopping for your vehicle, we will match another financial institution's rate on any approved vehicle request with proof of the institution's offered rate.  Rates will never go below our current vehicle offering rate. Certain restrictions and conditions may apply. 

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Our auto loan terms are offered up to 84 months depending on amount financed, credit history and other factors.  Certain restrictions may apply.  Please click on the ‘Loans’ tab for more information.

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Please click on the ‘Rates’ tab under 'Loans & Credit Cards' for our current auto loan rates.

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We offer an excellent warranty for new and used vehicles.  Prices and eligibility are based on year, make, model and mileage of your vehicle.  Warranties may only be purchased with vehicles financed by the Credit Union. 

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The amount is determined by many variables, including but not limited to, credit history, term and overall ability to pay.

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Yes, as long is the loan is in good standing and the vehicle is fully insured.  Contact the Loan Department at 202-479-2270 or 800-368-3552 for a permission letter.

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