when choosing a better car, choose a better loan
Let CapFed® help you get the best deal on your next car purchase by securing your auto financing before you start shopping. A lot of time and research can go into selecting a car to purchase, and you’ll be ready to get the best deal, whether you’re buying a new or used vehicle, refinancing or purchasing a lease buyout.
- Quick loan decisions
- Competitive rates
- Opportunity to save 0.25% with automatic payment from a CapFed savings or checking account
auto loan application checklist
- Complete the “Credit Application”, sign and date (Download below)
- Complete the “Borrowers Blanket Authorization” form, sign and date (Download below)
- Include copies of 2 consecutive, recent pay stubs for each applicant
- Include the previous year’s W-2’s, if the pay stubs cover less than 6 months of employment or there has been a change in employment within the last 2 years
- Self-employed persons and applicants otherwise relying on a significant amount of business income (such as commissioned salespersons) must furnish complete copies of the previous 2 tax returns
- Include the name, address and loan number of the existing lienholder, if that lienholder will be paid off with the proceeds of this loan
- Include a copy of the purchase contract, if the vehicle is a new purchase, or a copy of the existing title if the vehicle is pre-owned. Capitol Federal may require an inspection of pre-owned vehicles
- Include the name, address and telephone number of your insurance agent
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automobile, light truck and Motorcycle rates
Rates and fees are subject to change without notice. Rates are effective as of January 11, 2021.| Vehicle Model | Loan Amounts | Maximum Term | Maximum LTV | Interest Rate | Annual Percentage Rate (APR) |
|---|---|---|---|---|---|
| New Vehicles | |||||
| New Models | $1,500 to $50,000 | 48 months | 100% | 3.790% | 3.880% |
| New Models | $1,500 to $50,000 | 60 months | 100% | 4.250% | 4.323% |
| New Models | $1,500 to $50,000 | 72 months | 100% | 5.250% | 5.312% |
| Previously Owned | |||||
| 2021 through 2018 | $1,500 to $50,000 | 48 months | 100% | 3.790% | 3.880% |
| 2021 through 2018 | $1,500 to $50,000 | 60 months | 100% | 4.250% | 4.323% |
| 2017 through 2014 | $1,500 to $35,000 | 48 months | 100% | 4.750% | 4.879% |
| 2013 & Older | $1,500 to $25,000 | 36 months | 100% | 5.250% | 5.488% |
new automobile, light truck and Motorcycle disclaimer
The Maximum Loan-to-Value (LTV) is calculated using the purchase price of the vehicle, before any trade-in or other down payment. Interest rates for vehicle loans are fixed for the term of the loan. The Annual Percentage Rate (APR) assumes the maximum loan amount for the maximum term. Using the example of a $50,000, 80% LTV, 72 monthly payments of $812 would be required.
The interest rate and corresponding APR may be reduced by 0.25 percent with preauthorized payment from a Capitol Federal® checking or savings account.
Certain restrictions apply. Borrower is responsible for closing costs, which average approximately $85. These costs are added to the loan amount and are not required to be paid out-of-pocket.
previously owned automobile, light truck and motorcycle disclaimer
The Maximum Loan-to-Value (LTV) is calculated using the NADA retail value of the vehicle.
Interest rates for vehicle loans are fixed for the term of the loan. The Annual Percentage Rate (APR) assumes the maximum loan amount for the maximum term. Using the example of a 2014 model year and a loan amount of $35,000, 48 monthly payments of $804 would be required.
The interest rate and corresponding APR may be reduced by 0.25 percent with preauthorized payment from a Capitol Federal® checking or savings account.
Certain restrictions apply. Borrower is responsible for closing costs, which average approximately $85. These costs are added to the loan amount and are not required to be paid out-of-pocket.
