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Finance Your Next Vehicle with Us
At Dover Federal Credit Union, we help you, our members, achieve your financial goals. Whether you are buying your first car or your dream car, we have a loan package that fits your budget.
Terms up to 84 months
Extended terms allow you to finance the car of your dreams with a monthly payment that fits your budget.
Up to 100% Financing
No down payment, no problem. Dover Federal offers plans that finance the entire cost of the vehicle.
No Prepayment Penalty
There is no fee for paying your loan off early and reducing the amount of interest you'll pay.
No Application Fee
Apply for an auto loan with us and expect no extra fees.
Find Your New Car with Dover Federal's Auto Smart Program
We work with over 40 Preferred Dealer Partners across Delaware to help you find your next vehicle. You can search for your new car from trusted dealers, making the car buying process easy.
Search all preferred dealers
1st Time Auto Buyers Program
Congratulations! Buying your first car is a big step and we are here to help you. We work with our members to help them achieve financial goals and first-time car buying is a big step. but it can be hassle-free and affordable with Dover Federal’s 1st Time Auto Buyer program.
Little or no credit? Don't worry. Purchasing your first car can be possible. Borrow up to 100% LTV** (excluding title, taxes, tags, and document fees) with a maximum loan amount equal to or less than 50% of your annual income. Apply online and get started towards this big step. We will get you off to a strong financial future in your new set of wheels.
Frequently Asked Questions About Auto Loans
Q. What is an advantage of applying for an auto loan with Dover Federal Credit Union?
A. Dover Federal is your community credit union and we work with you to help you achieve your financial goals. When you apply for a loan with us, we make the process quick and easy. Once you apply, one of our team members will connect with you to help you navigate the process. After all, we want to see you riding around town in your new set of wheels and it's our goal to make that happen!
Q. How long does the application process take?
A. After you apply online, a Dover Federal team member will be in contact with you in one business day. We will work with you to make the process efficient and easy and get you a fast approval.
Q. Do I need to be pre-approved?
A. Being pre-approved will help you know what you can afford and allows you to negotiate a better price for your vehicle. This will help make the buying process faster.
Q. How do I get started?
A. Great question! You can apply right here and get started with the auto loan approval process. The sooner you apply, the sooner we can get you on the road.
*APR = Annual Percentage Rate. APR may vary based on creditworthiness. The Annual Percentage Rate is the advertised rate and can vary based on creditworthiness and terms of the loan. Rate is subject to change. Financing up to the retail value of the auto may be available. This offer may not be combined with any other offer. The stated Auto and Motorcycle Loans rate is discounted which includes: a requirement of automatic loan payment transfers, direct deposit of net pay and a checking account for .50% discount. Terms and conditions may apply. See Credit Union for details. Refinancing of existing Dover Federal Loans may not be available.
**LTV is Loan to Value. ^Borrow up to 100% LTV (excluding title, taxes, tags, and document fees) with a maximum loan amount equal to or less than 50% of your annual income. Vehicle can not be older than 10 years and have no more than 100,000 miles. Loan rate discount may qualify with a Share Draft Account with Direct Deposit and auto transfer. Rates and terms subject to change.
This is a great credit union. The employees are friendly and do their job well. The rates are great and the fees are low. I will never use a regular bank again!
Barbara - Hartly, DE