Navy Federal Credit Union Auto Loans review

Navy Federal ranks first because it posted the lowest new car rate we found and keeps its rates low across terms. Its rate table, dated Nov 13, 2026, showed new auto loans as low as 4.19% APR for 12 to 36 months, 4.59% for 37 to 60 months, 4.89% for 61 to 72 months, 6.29% for 73 to 84 months and 7.69% for 85 to 96 months. Used car rates start at 5.09%. The credit union says its maximum auto APR is 18.00%, most decisions come in seconds and preapprovals are good for 90 days. It also offers an exclusive military discount and a Car Buying Service powered by TrueCar. The catch is eligibility: membership is open to the armed forces, the Department of Defense, veterans and their families. Terms over 84 months need a vehicle with fewer than 7,500 miles and a loan of at least $30,000. Its example payment is $594 a month on $20,000 for 36 months at 4.19% APR.

Who it is for

military members, veterans and their families

Price

New car rates as low as 4.19% APR, used from 5.09% APR, as of Nov 13, 2026.

rates on new cars are as low as 4.19% APR
Quoted from the vendor pricing page on November 13, 2026.

Key features

• New auto loans as low as 4.19% APR on 12 to 36 month terms as of Nov 13, 2026
• Used auto loans as low as 5.09% APR on 12 to 36 month terms
• Terms up to 96 months on new vehicles with fewer than 7,500 miles
• Preapprovals good for 90 days, with most decisions in seconds
• Car Buying Service powered by TrueCar with upfront dealer price offers

Strengths and weaknesses

• Strength: Lowest posted new car rate on this list at 4.19% APR
• Strength: Maximum APR is 18.00%, lower than LightStream's 25.44% cap
• Strength: Limited-time $250 bonus to refinance a loan of $5,000 or more from another lender
• Weakness: Membership is limited to the armed forces, the DoD, veterans and their families
• Weakness: Terms of 85 to 96 months need a loan of at least $30,000
• Weakness: Vehicles with 7,500 or more miles cannot get terms over 84 months

Key facts

• New car APR: From 4.19% (12 to 36 months)
• Used car APR: From 5.09% (12 to 36 months)
• Longest term: 96 months (new, under 7,500 miles)
• Maximum APR: 18.00%

Where it ranks

Navy Federal Credit Union Auto Loans is No. 1 in our Best Auto Loan Lenders verdict.