Used Car Loans

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Our loan officers are prepared to help you meet all of your financial needs. Either come in for pre-approval, or wait until after you have found the vehicle you are looking for. All of the loans at New Century have no pre-payment penalties.

The maximum amount of the loan is determined by 90% of the retail value listed in the NADA appraisal guide. Collector vehicles are subject to qualifying appraisal. Semi-tractors and trailers will require a qualified appraisal or invoice from a dealer who is selling the tractor or trailer.


The maximum term available is for five years. During the term of the loan New Century Federal Credit Union will be placed as the lien holder, and will be provided by the member. Proof of full coverage insurance must be provided and maintained throughout the term of the loan.

Learn about how dealerships markup the price of a loan.

If the vehicle is four years or older, special interest rates apply and the length of the loan repayment is limited to a maximum of 36 months. Cars older than ten years, that are not considered collector vehicles, are not eligable for finance through New Century.

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It is also possible to set up your loan to be paid automatically by a payroll deductionInformationPayroll Deduction With payroll deduction, you can make your loan payments automatically or deposit money into your savings, checking or any of your other accounts at New Century. You can even deposit funds into your spouse's or children's accounts. You choose how to distribute the money and it is done automatically. Contact your payroll or human resources person, or stop in to one of our locations and speak to one of the tellers at New Century. ..

In addition to financing your vehicle, New Century offers Credit Life and Disability Insurance to protect you against unforseen events that can happen.

If you would like to find out an estimate of your payments, please try out our loan calculator.

Available to Qualified Applicants Only

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