Vehicle Loans

New Century offers a wide variety of vehicle loans to our members which allows them to buy the new or used car that is perfect for them. Learn about how dealerships markup the price of a loan.

The 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 85% of the sale price of the vehicle or the retail value listed in the NADA appraisal guide.

The maximum term available is for five years on vehicles less than $40,000 or up to 8 years on vehicles over $40,000. The maximum term available for vehicles older than ten years is a 3-year term. During the term of the loan, New Century Federal Credit Union will be placed as the lien holder, and the title will be provided by the member. Proof of full coverage insurance with a maximum of a $500 deductible must be provided and maintained throughout the term of the loan.

Learn about how dealerships markup the price of a loan.

A recreational Vehicle can include all of the following:

  • Recreational Vehicle
  • Campers
  • Motorcycles
  • Boats
  • Trailers

Available to Qualified Applicants Only

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

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