VIENNA, Va., Sept. 7, 2011 /PRNewswire/ -- Automobiles are one of the most important purchases made in life. At the same time, they also tend to be one of the priciest, whether they are new or used. In some cases, loans may be necessary to help finance the car over an extended period of time and in an affordable manner. For soldiers who serve or have served in the Army, auto loans provided by Navy Federal Credit Union are one way to acquire the vehicles needed to move forward in life.
Soldiers in the Army or any branch of the military, including the Department of Defense and civilian personnel, are all eligible to apply for an auto loan. With Navy Federal, low rates and 100% financing for new and used vehicles make purchasing a viable option. In addition, payment plans, such as 96 months for new vehicles and 72 months for used vehicles, allow retired and current soldiers and their families to have exactly what they need. Navy Federal auto loans also have no prepayment penalties and provide the convenient option of paying Direct Deposit. There are also several types of loan payment protection plans in case of unforeseen events.
Navy Federal Credit Union also offers a 1/4% military rate discount on auto loans to those who serve in the military, including the Army. Auto loan applications submitted through Navy Federal Credit Union makes owning a vehicle an easy and hassle-free process.
For more information on Navy Federal Credit Union auto loans and how to apply, log on to http://www.navyfederal.org.
About Navy Federal Credit Union
Navy Federal Credit Union is the world's largest natural person credit unions with $40 billion in assets, more than 3.5 million members, over 200 branch offices, and 7,100 employees worldwide. The credit union serves all Department of Defense military and civilian personnel and their families. For additional information about Navy Federal, visit http://www.navyfederal.org.
CONTACT: Jennifer Sadler
Public Relations Manager
Phone: (703) 206-3137
SOURCE Navy Federal Credit Union