VIENNA, Va. — Navy Federal Credit Union is now offering members of the military and their families several rate options for auto loans, making it easy for members of the military to find a rate that best suits their financial needs.

Military personnel looking to buy a new or used vehicle can receive a low APR for up to 72 months with Navy Federal. Both military retirees and active duty members who financed their auto loans with another lender for a high rate can also refinance their loan with Navy Federal to take advantage of its affordable monthly payments.

In an effort to make the car buying process easy, Navy Federal encourages its members to learn more about the Auto Buying Program, which enables members to save even more money on new and used vehicles.

“We understand the financial challenges some military families might face,” read a press release issued yesterday. “That is why we help our members manage their finances through useful tools like our auto loan calculator, which is available online. We also offer other helpful resources such as car buying tips and access to a free annual credit report.”

Navy Federal also offers reasonable boat and motorcycle loan rates. Military personnel can also request a vehicle title, letter of guarantee, and authorization to move the vehicle. For more information, click here.