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Vehicle Loans

New And Used Vehicle Loans

Finding the right loan to meet your needs is very easy with the Credit Union. We will finance your car, motorcycle, boat or recreational vehicle with affordable and flexible terms. Your vehicle loan has no application fees or pre-payment penalties. You can buy a vehicle with no money down as we offer up to 100% financing (plus tax and license, registration and dealer preparation fees) on new and used vehicles. Borrow for up to five years (six years on a luxury vehicle - minimum $30,000) on a new car with fixed interest rates for the term of the loan. For recreational vehicles, extended terms up to 12 years are also available at a great variable rate. If you currently have a vehicle loan with another financial institution, you may refinance it with NYTEFCU to attain our low interest rates.

Non-Purchase Auto Loans

If your current vehicle is seven model years old or newer, you can use it as collateral to borrow money at current used car rates. If there is no lien or loan balance, the entire Kelley Blue Book value is yours to use for any purpose you choose!

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GAP Insurance

Vehicles depreciate the second they're driven off the dealer's lot.  GAP is designed to reduce or eliminate the difference between the insurance settlement and the loan balance if vehicle is deemed a total loss. There is a one time charge of $250.  Some restrictions may apply, please call us for more information.