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Private Purchase Auto Loans

Know someone selling a car that you like?

What You Need:

  • Be a Latino CU member
  • Proof of income. Exceptions may apply*
  • Your last two tax returns, if you are self-employed
  • Established credit history or utility bills in your name from your place of residence**
  • Payoff letter, if needed
  • VIN number and vehicle mileage
  • Notarized MVR-6
  • $21.50 registration fee
  • If there is no outstanding loan on the vehicle, seller must come in person to a branch to sign over the title

What You Get:

  • Assistance checking your car history through Carfax
  • Financing up to 95% of the value of the car
  • Ensure you get a fair price on your car using the NADA guide
  • Option to purchase guaranteed asset protection (GAP) coverage at lower rates***
  • Option to protect your loan through life and disability/involuntary unemployment insurance
  • Access your account online and do much more with our electronic services. Click here for details

Used Vehicle Loans

All rates are based on a term of 72 months
Loan to Value APR Maximum Amount Avg. Loan Amount Avg. Payment
95% 11.250%*$60,000 $25,000 $441
85% 13.250%$20,000 $20,000 $374
70% 12.250%$60,000 $25,000 $454
  • *A minimum down payment of 30% will be considered as an alternative
  • **The amount of credit history or alternative credit required depends on the loan amount and down payment
  • ***This covers the difference between what you owe on your car loan and the value of your car, in case it suffers a total loss, theft or fire
  • Maximum loan amount of $50,000 individual and $60,000 joint
  • Maximum term: up to 72 months
  • If approved vehicle must be registered with NCDMV with a valid driver’s license
  • If approved you will be asked to provide personal references
  • If approved you will be asked to obtain full coverage auto insurance
We pay you back!
Through higher deposit rates and lower fees. Why wait? Experience the savings that only LCCU can provide.