New Car Loans

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 eligible for finance through New Century.

View Current Rates

Loan Rate Sheet
Share Rate Sheet

Loan Calculator

Loan Calculator Mortgage Calculator