Every car loan is unique. Make yours exceptional with us. We strive to provide you a practical car buying solution with exceptional service and the expert know-how you deserve.
New Car Loans
Rates as low as
4.49% APR*
Used Car Loans
Rates as low as
5.24% APR**
Benefits of a Car Loan From a Credit Union
✔
Competitive Rates
Credit unions can offer lower rates because we’re not-for-profit.
✔
Better Payments
Choose a new loan term from 36 to 84 months* to match your budget and goals.
✔
Range of Vehicles
You can refinance just about any vehicle provided that it’s newer than 2015.
✔
Local Service
We’ll continue to service your loan right here in Richmond so you know who you’re paying.
Credit Union Auto Loan Rates
If you’re looking for low auto loan rates from a credit union, Call Federal Credit Union is here to help. We’ve been serving our members since 1962 and we want you to find a great car with affordable auto financing.
Everything You Need to Know About Auto Loans in Richmond
Call Federal Credit Union offers new and used auto loans to our valued members in the Greater Richmond metro area.
- Available for purchase of new or used cars and refinancing loans from other lenders.
- Get a competitive APR* based on your credit history, vehicle age, loan term, and loan-to-value (LTV).
- Loan terms between 36 and 84 months (3 to 7 years).
- Vehicle must be 2015 or newer.
- Rate discounts** available up to 0.75%:
- 0.50% Loyalty Discount
- 0.50% Education Discount
- 0.25% Automatic Transfer Discount
- Make payments by automatic transfer, online transfer, by check, or over the phone.
- Option to make no payments for 60 days.***
Simple Application Process for a Credit Union Auto Loan
1
Apply Online
Enter a few details into our secure online loan application.
2
Get Pre-Approved
We’ll offer you a loan amount with a likely rate for your chosen term.
3
Find a Car!
With your financing ready, you can negotiate a good price for your vehicle.
★★★★★
“I received great customer service from Barbara! I called in regarding questions for an auto loan and she provided all the needed information and gave me helpful financial tips! You won’t get that from a lot of banks and I could tell she truly cared. I’m very grateful :)”
Fay, Richmond, VA
Credit unions exist to serve their members, not outside stockholders. For Call Federal, that means we can offer lower rates on loans, higher rates on deposits, and fewer fees to our members in the Greater Richmond metro area. We also offer a streamlined auto-buying experience!
- We can pass our revenue back to you because we're not-for-profit.
- You get better rates and lower fees – or no fees on certain accounts.
- We can listen to your story and work with you to improve your credit and get you the financing you need.
- We can help explain all terms and conditions and communicate any other restrictions that may apply.
Your loan term has a big impact on your monthly payment, the annual percentage rate (APR) you get, and the total amount of interest you pay, which is also called your total cost of borrowing.
- Short terms offer lower rates and less total interest but higher monthly payments.
- Long terms offer higher rates and more total interest but lower monthly payments.
- While 84 months is our longest term offered, you can save on interest if you choose a term of 72 months or shorter.
- Terms available may vary based on your credit, loan-to-value ratio (LTV) and chosen vehicle model.
| Product | Term (months) | APR | Amount | Payment (mos) |
|---|---|---|---|---|
| New Vehicle | 72 | 5.49% | $45,000 | $737 |
| Used Vehicle | 60 | 5.74% | $25,000 | $482 |
| Leisure Vehicle | 60 | 7.00% | $10,000 | $199 |
| Leisure Vehicle (Boat) | 60 | 8.75% | $15,000 | $311 |
| Recreational Vehicle | 60 | 7.50% | $25,000 | $503 |
| Personal Loan | 36 | 9.75% | $5,000 | $162 |
More Call Federal Financing Tools
Personal Loan
Get a lump sum payment or a personal line of credit to help cover unexpected expenses, buy things you need, or even take a vacation.
Home Equity Loan
For significant expenses like home improvements or paying off debt, a home equity loan could be the best option. Leverage your equity to get amazing rates.
Credit Cards
We offer three unique credit cards, whether you want to boost your purchasing power, keep your card for a rainy day, or build or repair your credit.
*APR=Annual Percentage Rate. New Car APR listed assumes 2020 or newer vehicle with a 60-month term, 115% loan-to-value (LTV), top-tier credit, and maximum rate discount of .75% with our Rate Discount Program. New car loan rates range from 4.99% -15.24% APR. Payment Example: $45,000 loan for 72 months at 5.49% APR is $737.00. Used car loan rates range from 5.49%-15.24% APR and must be 2015-2019 model year. Payment Example: $25,000 for 60 months at 5.74% APR is $482.00. Rates subject to change, but will not exceed 18.00%. Not all will qualify for the lowest rate. Refinance offers not valid on existing Call Federal loans. Income and insurance verification required. Other restrictions and conditions may apply. **Our rate discount program is made up of three options. Loyalty discount of .50% with Call Federal loan origination within the last 7 years or membership history of 10 years or more. Education discount of .50% for completing one of the qualifying courses available in our Money & Beyond Portal and providing the certificate of completion at loan application. Automatic transfer discount of .25% for members who set up an auto transfer payment from a Call Federal checking account. If the member receives this discounted rate but discontinues the auto transfer service, the loan rate can be automatically be adjusted accordingly. The two discounts for .50% cannot be combined. All of these discounts are only available at the time the loan is processed. ***Loan will still accrue interest with no payments for 60 days.
