Auto Loans


Auto Loans & Auto Refinancing

Whether you are buying a new or used auto from a dealership or a private party, you can count on Dover Federal for low rates and a hassle-free application process. Consider the advantages of getting a pre-approved loan before you go car shopping and you will have the extra bargaining power of a cash buyer. Dover Federal provides low cost financing and a rate that is usually significantly less than dealership financing for:

  • Autos

  • New or Used Recreational Vehicles

  • Motorcycles

  • Boats

  • Personal Water Crafts

Auto Refinancing

By moving your Auto Loan to Dover Federal, you may be able to save hundreds of dollars in interest and/or lower your monthly payments. Call our loan professionals at 302-678-8000 from Kent County, 302-322-4230 from New Castle, or toll free at 888-818-3328 for a no-cost, no-obligation loan consultation.

1st Time Auto Buyers Program

Buying your first car can be hassle-free and affordable with Dover Federal’s 1st Time Auto Buyer program. Whether you have little or no credit, purchasing your first car can be possible. Borrow up to 100% LTV** (excluding title, taxes, tags, document fees and GAP) with a maximum loan amount equal to or less than 50% of your annual income. An additional $500^ will be provided to attain a Dover Federal Credit Union Share Secured Credit Card, in our commitment to assist with establishing and/or rebuilding credit.

Loan Rates

Dover Federal offers low rates on Autos, New or Used Recreational Vehicles, Motorcycles, Boats, and Personal Water Crafts.


APR (As low as*)

Autos 1.99%
Motorcycles 3.50%
First Time Buyer with no credit 16.99%
Boats and RVs 3.75%

*Offer valid for a limited time only and loan is subject to credit approval. APR is Annual Percentage Rate. 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 is 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, requires Debt Protection Life and Disability for .25% discount and requires GAP Insurance for .25% discount for a total discount of 1.00%. The stated rates for the Boat and RV Loans are discounted which includes: a requirement of automatic loan payment transfers, direct deposit of net pay and a checking account for .50% discount and requires Debt Protection Life and Disability for .25% discount for a total discount of .75%. Rates are accurate as of March 1, 2017. 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, document fees and GAP) 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 125,000 miles. Loan will require a Share Draft Account with Direct Deposit and auto transfer. Rates and terms subject to change.

^An additional $500 will be provided and required to purchase a Dover Federal Credit Union Share Secured Credit Card. Credit Score Analysis session required.

Apply Now

Online Loan Application

To apply for a loan online, click here.


In order to make it even more convenient for you to apply for a loan, Dover Federal has a "Loan-By-Phone" service dedicated exclusively to serving our Credit Union members.

You can apply for a loan from Dover Federal simply by calling our toll free number 800-589-5309.

When you call, a friendly Loan Counselor will review the loan services and rates currently available. When you are ready to apply, the Loan Counselor will be happy to take your information over the telephone.

Now you can obtain information about a credit union loan during and after our normal business hours. With "Loan-By-Phone," you can apply for a loan when it's convenient for you, even during evening and weekend hours.

Feel free to call from home, work, or from the car dealership. Whenever you are ready to apply for a loan, we can help. You can apply for just about any loan, including auto loans, personal loans, home improvement loans, or a VISA® Credit Card.

When you call, a Loan Counselor will ask you a few simple questions regarding your loan request. You will be promptly contacted by the credit union with a reply the next business day.

Debt Protection

Sometimes taking out a loan can be a financial gamble.

Help play it safe!

Thinking about taking out a loan to make home improvements or buy an auto? It can be a financial gamble because life happens. You are betting you can pay back your loan and you will not lose your job (due to no fault of your own), or become disabled (due to injury or illness), or pass away-leaving your family responsible for your loan balance.

MEMBER'S CHOICE™ Borrower Security* is a voluntary loan-payment protection product that helps preserve your family's standard of living and gives you relief from financial burdens if a protected life event such as disability, loss of life, or involuntary employment happens to you.

Call a Member Services Representative at 302-678-8000 or 888-818-3328 and ask about protecting your loans today, or click here for more information.

*Your purchase of MEMBER'S CHOICE™ Borrower Security is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of MEMBER'S CHOICE™ Borrower Security.

Loan Cost Calculator

Loan Payment Calculator

Rate vs. Rebate Calculator

Unsure if you should finance your auto through the dealer or Dover Federal? Try our Rate vs. Rebate Calculator to find out the total amount you will pay for the auto after interest.

Enterprise Car Sales

Buy a quality, low mileage used car through Enterprise Car Sales during the year by the Credit Union.

Check out these great benefits to purchasing a car through Enterprise:

  • No-Haggle Pricing - At Enterprise, you will never have to worry about negotiating with a salesperson. And their prices are set below Kelley Blue Book value!

  • Certified auto - Every Enterprise auto must pass a 109-point inspection.

  • Trade-Ins & Financing - Enterprise will gladly accept trade-ins and will help used car buyers secure financing.

  • They'll Buy Your Car - With no obligation or purchase necessary, Enterprise will offer you the fair market auto for your auto.

  • 7-Day Repurchase Agreement - Enterprise will give you up to seven days or 1,000 miles if you change your mind about the auto you just purchased. They will repurchase your auto for the exact amount paid minus a small cleaning and documentation fee.

  • 12/12 Limited Powertrain Warranty - Every Enterprise used auto is backed by a Limited Powertrain Warranty for 12 months or 12,000 miles, whichever comes first.

  • Auto Service Contracts - Extended service contracts are available on every Enterprise auto for added protection and peace of mind.

  • Enterprise Roadside Assistance - For one year after your purchase, you will have access to their unlimited mileage roadside assistance program.

CU License Plate

Show the nation that you are a credit union member. This special license plate has been approved by the Delaware Division of Motor Vehicles for display on your car, SUV, or pick-up. This is not a Novelty Plate or a Vanity Tag! It can be displayed instead of, or with, your current tag. Pick your own special number or get sequential numbers for all of your auto.

CU License Plates are available for a one-time fee of $20. (Note: $10 will be a donation to the League Scholarship Fund.)

To reserve your special number today, please contact Charlie at Please include "CU TAG" in the subject line and your phone number in the email. After the email is submitted, he will call you back to verify that the CU License Plate number you requested is available and then the official form will be mailed to you. (Note: Numbers available through CU9999)