We have a variety of loan options for new and used cars. Find the terms that work best for you, and get pre-approved before you use our AutoFind program or head to the dealership. Need help finding the value of a vehicle? You can use NADA and Kelley Blue Book to look up the values of automobiles.

New Car Loans
Financing Terms - Up to 84 months

• Minimum $20,000 vehicle value or loan amount for 72 month term
• Minimum $25,000 vehicle value or loan amount for 84 month term
• Finance up to 100% of the purchase price or retail value including taxes, tags and extended warranty

Used Car Loans
Financing Terms - Up to 84 Months

• Minimum $10,000 vehicle value or loan amount for 60 month term
• Minimum $20,000 vehicle value or loan amount for 72 month term
• Minimum $25,000 vehicle value or loan amount for 84 month term
• Finance up to 100% of the retail value as stated in the NADA Used Car Guide

Transfer Your Loan to Congressional
When you transfer your existing loan from another financial institution to Congressional, you'll save yourself money. Our low rates mean more money for you! You can also get your loan balance on Online Banking and Teller 24 . Automatic payments make your life easier since you never have to worry about mailing in a payment. Transfer and start saving!

Conventional Auto Loans
With a conventional auto loan, you pay one monthly payment throughout the term of your loan. Once the loan is paid off, you own the vehicle completely. Also, you may put unlimited mileage on the vehicle. Although mileage may affect the resale value, the distance you drive is entirely up to you.

There are many other benefits to choosing a conventional auto loan, including:

• Competitive new and used loan rates.
• Flexible terms.
• No payments for 90 days.
• 100% financing including tax, title, and tags.
• Up to 100% of NADA retail value.

Visit our Auto Resource Center today to learn more.

Auto Balloon Loans
Auto Balloon Loans offer you a low payment vehicle loan program that combines the best features of conventional financing along with the benefits of leasing.  Like a lease, Auto Balloon Loans offer payments considerably lower than conventional financing.  Yet, unlike leasing, with this kind of loan, you own the vehicle and receive all of the flexibility and benefits of vehicle ownership.

Find out how low your payments could be by clicking here to go to the CarBuilder™ calculator where you can build your car and compare a conventionally financed vehicle payment with the low Auto Balloon Loan payment.

Boat and Recreational Vehicles
Congressional offers new and used boat and RV loans with terms from zero to 96 months. You can finance up to 80% of the purchase price of a new boat or RV and up to 80% of the retail value of a used boat or RV. Additionally, there is a $30,000 minimum for loans over 60 months.

Motorcycles
Congressional offers motorcycle loans with terms from zero to 60 months. You can finance up to 90% of the purchase price of a new motorcycle and up to 90% of the retail value of a used motorcycle. The minimum loan amount for a new or used motorcycle is $3,000. Proof of six months insurance paid in full with Congressional FCU listed as loss payee is required prior to disbursement.

GAP Insurance
Guaranteed Asset Protection Insurance, also known as GAP Insurance, is very important to have when you purchase or lease a car. Standard comprehensive and collision auto policies only cover your new car's fair market value. Since a new vehicle depreciates starting the minute you drive it off the dealer’s lot, it insures you for the difference between what you owe on your car and what your insurance company says it is worth if the vehicle was totaled or stolen.

For example, you buy a car for $30,000 and finance the entire amount.  In a few months, that car might only be worth $24,000.  If the car was a total loss, your insurance company will only pay you $24,000, which is what the car was currently worth and you’d owe the difference of $6,000 to the lender.  By purchasing GAP Insurance along with your new car, it guarantees you not to have to pay the difference out of pocket.  The insurance covers the cost for you.

For more information on obtaining gap insurance for your next vehicle purchase or lease, contact our Member Service Center.