In observance of Martin Luther King Jr. Day, Jovia will be closed Monday, January 20th.

Important Update: NEFCU is now Jovia Financial Credit Union! Although we've changed our name, our commitment to you remains the same. Start banking on the bright side with Jovia today. Learn More

Auto

Dealer Rates

Effective as of Wednesday, January 1, 2020. All fees and rates are subject to change without notice.

Dealers: Verify liens are paid off on the DMV site.
For paper lien release: Send email request with title to [email protected]
For payoff quotes: Please contact our Call Center at 516-561-0030 or email us at [email protected]

  • New and Used Rates
  • Money Factor
  • BuyRite
  • Motorcycles
  • Guidelines
Vehicle YearMaximum Term
2019-202196 months
201884 months
2012 - 201772 months

Jovia Financial Credit Union will not finance commercial vehicles, or livery and rideshare vehicles. Jovia Financial Credit Union will not finance vehicles older than 2012.

New Auto Loan Rates as low as*

Loan TermAPR
2019 - 2021 New 1 Year Loan2.89% - 7.59%
2019 - 2021 New 2 Year Loan2.89% - 7.59%
2019 - 2021 New 3 Year Loan2.89% - 7.59%
2019 - 2021 New 4 Year Loan2.89% - 7.59%
2019 - 2021 New 5 Year Loan2.89% - 7.59%
2019 - 2021 New 6 Year Loan3.19% - 7.79%
2019 - 2021 New 7 Year Loan3.59% - 8.79%
2019 - 2021 New 8 Year Loan4.29%

*For rates and margins shown as ranges, the Annual Percentage Rate (APR) and margin, if applicable, you receive will be within the range disclosed and is determined by your credit history and past credit performance. Please ask us for the initial rate that you qualify for.

Used Auto Loan Rates as low as*

Loan TermAPR
Used 1 — 5 Year Loan — 2018 model years3.09% - 12.49%
Used 6 Year Loan — 2018 model years3.29% - 8.59%
Used 7 Year Loan — 2018 model years4.09% - 7.59%
Used 1 — 5 Year Loan — 2012 - 2017 model years3.19% - 14.49%
Used 6 Year Loan — 2012 - 2017 model years3.79% - 6.09%

*For rates and margins shown as ranges, the Annual Percentage Rate (APR) and margin, if applicable, you receive will be within the range disclosed and is determined by your credit history and past credit performance. Please ask us for the initial rate that you qualify for.

Money Factor

Credit Score700+670 - 699640 - 669620 - 639
36 - 60 months0.001780.001920.002080.00225

BuyRite Plus Balloon Auto Loan as low as*

Balloon based on 90% of ALG / MEMBERS’ CHOICE GAP INSURANCE IS AVAILABLE ON ALL BRP LOANS

710 and above3.24% - 5.88%
670 - 7093.24% - 5.88%
635 - 6695.88% - 6.88%
Rate remains the same regardless of term. Maximum term:
1 Year Old Vehicle - 60 Months
2 Year Old Vehicle - 48 Months
3 Year Old Vehicle - 36 Months

*For rates and margins shown as ranges, the Annual Percentage Rate (APR) and margin, if applicable, you receive will be within the range disclosed and is determined by your credit history and past credit performance. Please ask us for the initial rate that you qualify for.

New and Used Motorcycle (as low as)

Loan TypeAPR
1 - 3 Year Loan6.500 % - 8.500 %
4 - 6 Year Loan7.000 % - 9.000 %

Maximum age of motorcycle cannot exceed 3 years
Financing for 4 - 6 years is on a case by case basis
Maximum Loan amount is $50,000
Maximum term is 6 years

*For rates and margins shown as ranges, the Annual Percentage Rate (APR) and margin, if applicable, you receive will be within the range disclosed and is determined by your credit history and past credit performance. Please ask us for the initial rate that you qualify for.

Maximum Advance Guidelines

*Advances are dependent of members' credit scores and not all members will qualify for high advances. Call for details

New Autos: May finance up to 125% MSRP (including tax, title, and warranty)*
Used Autos: May finance up to 125% of the NADA Retail Value (including tax, title, and warranty)*
New Motorcycle: We will finance up to 100% of MSRP or NADA suggested list price.*
Used Motorcycle: We will finance up to 100% of MSRP or NADA suggested list price.*

Important Notice

All loan applications are subject to the following:

  • Verification of Employment
  • If a member is self-employed, they must supply 2 years of tax returns before disbursing
  • Verified Income
  • Verified Membership Eligibility
  • Completed signature card and $5 membership fee (new members only)
  • 2 forms of identification
  • Members Choice GAP insurance (required on all leases and BuyRite Plus Balloon Loans)

Rates and terms are subject to change without notice.