Why Pay More to Drive Electric?
······
We love helping members save! Enjoy a special 1.75%
APR 1 discount when you finance or refinance a fully electric vehicle. That means lower payments, cleaner driving, and bigger savings every mile. Act now to lock in your loan — and take advantage of federal EV tax credits before they expire!
Planet-friendly driving + wallet-friendly perks.
No Payments for 3 Months
With your first few months payment-free, you’ll have extra time to budget for charging setup, road trips, or just enjoy the ride in your EV.2
Charge More Than Just the Car
Finance up to 125% — including taxes, license fees, and even extended warranties. Get the complete experience covered from the start.3
Flexibility When Life Happens
From higher utility bills to surprise expenses, eligible members can skip a payment when needed — so you can keep going without skipping a beat.4
Limited-Time Rate Drops Get 1.75% OFF your approved rate
FICO
Rate
Term
FICO 720+
Rate 5.74 APR*
Term 36 Months
FICO 720+
Rate 6.24 APR*
Term 48 Months
FICO 720+
Rate 6.49 APR*
Term 60 Months
FICO 720+
Rate 6.74 APR*
Term 72 Months
Member Perks
-
✓Bonus Promo: Fund your loan and you could win local baseball playoff tickets! View details
-
✓10-day Grace Period on Payments
-
✓
-
✓Get even more out of your membership when you bundle your loan with a
Shield Elite Checking Account
Frequently Asked Questions
What do I need to apply?
Driver's License or Identification Card (We accept ITIN and MatrÍcula Consular), Two (2) Latest Paystubs, Vehicle Payoff Information (For Refinancing), and Vehicle Registration (For Refinancing). You don't need to be a member to apply, but you'll need to become a member for funding!What models are eligible for the lowest rate displayed?
For the latest models (Current, future and up to one-year old models) and used vehicles up to 5 yearsHow does my credit score affect my auto loan interest rate?
Your credit score plays a significant role in determining the interest rate on your auto loan. Generally, a higher credit score will qualify you for a lower interest rate, which can reduce the total cost of the loan. Conversely, a lower credit score may result in a higher interest rate and higher monthly payments. Speak to a financial advisor for your personal situation.Can I pay off my auto loan early, and are there any penalties for doing so?
With DFCU you can pay your auto loan off early without penalties, which can save you money on interest! Be sure to speak with a member service representative for exact details on your auto loan at the time of funding.Are there any late charges or processing fees?
Late payment charge (more than 10 days late): 20% of the interest due that month. $50 Documentation Processing Fee.Disclosures
1
APR = Annual Percentage Rate. 1.75% APR discount applies to DFCU auto loan rates for qualifying electric vehicle loans only. In order to qualify for the promotional rate, the auto being financed must qualify for the federal clean vehicle tax credit – see IRS guidelines to determine if your auto qualifies for that tax credit. Floor rate for promotion is 3.99% APR for 36-month term; actual rate may vary based on creditworthiness, loan term, and other factors. Minimum loan amount $10,000 to qualify. Offer valid for model year 2020 and newer electric vehicles. Existing DFCU loans do not qualify; new money only. Refinancing from other lenders permitted. Loan approval subject to standard credit and underwriting guidelines. Offer valid August 21, 2025 through September 30, 2025. Rates, terms, and conditions subject to change without notice. DFCU membership required.
2
$0 Monthly Payment for 3 months: No Payment/loan deferral program only applies to new vehicles (model years 2024 & newer) and used vehicles up to 5 years old. New money only; no refinancing of a current DFCU loan. The minimum loan amount is $5,000. Loan interest will accrue from the date of loan disbursement & the life of the loan is extended by 3 months. Membership in good standing is required to qualify for this loan promotion. Primary member's FICO score must be 660 or greater. Members can make additional payments at any time. The actual rate you qualify for will be based on credit history and other factors.
3
Includes purchase price, tax, license, and extended warranty
4
Members are eligible to use DFCU's Skip-a-Pay service after six (6) consecutive payments on eligible loans, loan must be in good standing. If you do not include the $50 skip processing fee with your request or if there are insufficient funds available in the account you specify to pay the fee, your Skip-A-Pay request will not be processed, and your regularly scheduled loan payment must be paid. If you take advantage of this Skip-A-Pay offer, your loan will continue to accrue interest during that time. While deferring your next loan payment will extend the term of your loan, you always have the option of making additional or larger payments in the future with no prepayment penalty to pay down your loan faster. By accepting this offer, you request that Downey Federal Credit Union (DFCU) defer your next loan payment for the loan indicated. You also understand and agree that: (1) finance charges will continue to accrue at the rate provided in your original loan agreement, during and after that time; (2) deferring your next payment will result in you having to pay higher total finance charges than if you made your payments as originally scheduled; (3) this payment deferral will extend the term of your loan by one month and you will have to make extra payments after your loan would otherwise be paid off; and (4) you will be required to resume your next regularly scheduled monthly payment in the month following the deferred payment. All payment deferral requests are subject to DFCU approval. All DFCU accounts must be in good standing. All your DFCU loans must be current (have no amounts past due) at the time you choose to accept this offer for your qualifying loan. Certain other restrictions may apply. The loan has to be on the books for 6 months. 6 loan payments must be made before another payment can be skipped. Loans must be current - future payments only. Must be a minimum monthly payment of $100. Minimum balance of $1,000.00 remaining on the loan. No more than 1 late charge in the past 6 months.
