Lowell Municipal Employees Federal Credit Union

Auto Rates

We Can Refinance Your Current Auto Loan From Another Bank

We have low rates with a variety of payment terms, so you’re sure to find an auto loan that fits your needs! Our auto loans are both easy to apply for and fast to get, with loan terms up to 7 years.

The loan process is quick and easy. Just give us a call at (978) 970-4088, or stop by the office and soon you’ll be driving away in your new car.

Download Loan Application

Stop by at our office located inside the Lowell City Hall – room 11. The loan application is quick and easy.

Current Auto Loan Rates

NEW VEHICLES

Cond.	Model Yrs	Term	*APR	Per/$1000	Tier	Credit Score	Debt Ratio	MAX
New	2024 – 2025	7 year(‘s)	5.5 %	$	1	700-850	42 %	$ 100,000
New	2024 – 2025	7 year(‘s)	6.25 %	$	2	600-699	38 %	$ 100,000
New	2024 – 2025	7 year(‘s)	6.5 %	$	3	500-599	32 %	$ 100,000

USED VEHICLES

Cond.	Model Yrs	Term	*APR	Per/$1000	Tier	Credit Score	Debt Ratio	MAX
Used	2010 – 2023	6 year(‘s)	6.1 %	$	1	700-850	42 %	$ 85,000
Used	2010 – 2023	6 year(‘s)	6.85 %	$	2	600-699	38 %	$ 85,000
Used	2010 – 2023	6 year(‘s)	7.1 %	$	3	500-599	32 %	$ 85,000

Note: Individuals with credit scores of 350-499 are not eligible for consideration.

*APR = Annual Percentage Rate, APY = Annual Percentage Yield. Individuals with credit scores of 350-499 are not eligible for consideration.
Tier 3 requires a co-borrower with at least a 650 or higher credit score and credit committee approval.