FedChoice will be closed on Monday, October 14th, 2024 in observance of Columbus/Indigenous People's Day. 
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Options And Affordability Meet In The Fast Lane

Whether you're buying a new car, a used car, or just refinancing your existing auto loan - an Auto Loan from FedChoice can put more money in your pocket. Terms are flexible, and rates are low!

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Choosing FedChoice is a smart move. Here's why:

  • Competitive Rates – Our rates are consistently among the lowest in the area.
  • FedChoice Car Buying Service – Shop for your dream car. View thousands of new and pre-owned vehicles from wherever you are and have your financing pre-approved before you even set foot into a dealership.
  • Buying power with a pre-approved auto loan.
  • Each year you can skip one car loan payment, if your loan is up to date!
  • Financing up to 125% of MSRP for new or NADA Clean Retail for used vehicles – Including tax, title and warranty products.*

Other great benefits include:

GAP

Guaranteed Asset Protection covers the difference between the actual cash value of your car (up to 150% of its value) any our outstanding loan balance at the time of loss as a result of theft or an auto accident.

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Mechanical Breakdown Protection

Mechanical Breakdown Protection can save you thousands of dollars in repairs - and hundreds in initial warranty costs.

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TruStage™ Auto Insurance

You could save hundreds on your auto insurance through the TruStage™ Auto Insurance Program.

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Debt Protection

With this coverage, your loan payments will still be made even if life events unexpectedly reduce your income (e.g., disability, unemployment, etc.).

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Auto/Motorcycle Fixed Loan Rates
Effective Date: October 1, 2024
Loan AmountTermAPR* as low as**
New Vehicles
$5,000 min up to 60 mos. 5.75%
$15,000 min 61 to 72 mos.~ 6.00%
$15,000 min 73 to 84 mos. 7.00%
Used/Refinanced Vehicles
$5,000 min up to 60 mos. 6.25%
$15,000 min 61 to 72 mos.~ 6.50%
Late Model Used/Refinanced+
$3,000 min up to 36 mos. 8.25%

If you don’t see what you need, please contact us to discuss how we can help you.
Financing Up to 125% of MSRP or NADA Clean Retail — Including tax, title and warranty products.^
All loans must be current & have satisfactory payment history.
New = never titled and less than 12,000 miles, Used = previously titled.

*APR = Annual Percentage Rate
**APR is based on evaluation of applicant's credit. Your actual APR may vary. Not all will qualify for the lowest rate. Not all will be approved.
~ New and Used Motorcycle loans are limited to 60 months.
^ Other conditions may apply.

+Late Model is considered older than 10 model years. Financing up to 100% of NADA Clean Retail - Including tax, title and warranty products. Other conditions may apply.

 

 

Age of Vehicle

Maximum Term/Dollar Value

Current to Five Years Old

Max. 72 months if over $15,000
Max. 60 months if over $5,000

Six and Seven Years Old

Max. 48 Months

Eight to Ten Years

Max. 36 Months

Over Ten Years Old

Max. 36 Months

​*Other conditions may apply.

±APR = Annual Percentage Rate. Your APR is a fixed rate based on your credit score and the term of the loan. Rate reduction on vehicle loan may not be combined with other offers.

^Normal underwriting requirements apply.​