Auto Loan
Swap & Drop
Swap your current car loan and Drop it to a lower rate at Direct Federal. If you have an existing car loan that is not at Direct Federal, this is a great opportunity to lower your monthly payment.
For example; if you are half way through a $25,000 5-year car loan at 5.00%, your monthly payment is about $472. If you pay off that loan by re-financing with a 4 year Direct Federal car loan at 2.49% APR, your monthly payment would drop to $291. That puts an extra $181 in your pocket every month. Here is what makes a Direct Federal car loan a smart choice:
- Low rate: 2.49% APR is the lowest rate around.
- Easy application: You can apply online, by telephone or in person.
- Fast decision: You will usually have a decision the same day and when approved, you will receive a check as soon as the next day.
Direct Federal does not refinance its own auto loans.
Buying a New or Used Car? Apply Today. Drive tomorrow.
Same low 2.49% APR rate. To negotiate your best deal on a new or used car you need facts. Use our NADA Car Pricing tool to get valuable pricing information that saves you money. Apply on our secure website and have your pre-approved check in hand in 1-2 business days. When you walk into the dealer you will have a check valid up to your approved dollar amount. With car pricing information and financing in hand, you will negotiate your very best deal ever! We think you should know:
- Calls are always answered by a person (you never have to push any buttons!)
- You can finance the full purchase price - including the sales tax.
