Auto Loans
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MORE INFORMATION
Have questions? Check our frequently asked questions for more information.
Finance Your Next Vehicle with Us
Buying a car should be easy. Whether you are buying your first car or dream car, we are here to help you figure out what works best to fit 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^
Plans are available to finance the entire cost of your vehicle. No down payment, no problem.
No Prepayment Penalty
There is no fee for paying your loan off early and reducing the amount of interest you'll pay.
Rate Discount^
Set up Direct Deposit to a Dover Federal checking account and sign up for automatic payments to enjoy a rate discount on your auto loan.
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1st Time Auto Buyers Program**
Little or No Credit Needed
Financing up to 100% LTV
Maximum Loan Amount up to 50% of Your Annual Income
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 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. The APR 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. New Auto Loans are eligible for 3 most recent model years. Used Auto Loans are eligible for model years 2016 through 2022. Refinancing of existing Dover Federal Loans may not be available. Terms and conditions may apply. See Credit Union for details.
**LTV = 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.