1. Get Pre-Approved!   LM Federal can finance the purchase of a new vehicle or used vehicle up to seven years old. We can also refinance vehicle loans currently with other lenders. Credit pre-approvals, 100% financing and repayment terms of up to 7 years are available. Dealer purchases may be completed with Autodraft, a pre-approved convenience check that may be used to create your loan right at the dealer.  Click here for rate information.  Apply online!

4.  Research Vehicle Pricing & Values:  LM Federal provides free unlimited access to new and used vehicle pricing and values.  Our Chrome Carbook service provides new vehicle cost information, including manufacturers invoice and suggested retail pricing on the base vehicle, option packages and groups and individual accessories. Chrome also provides used vehicle trade-in and retail values for autos up to 15 years old. Adjustments are provided for region, mileage and vehicle options. We also have paper value guides available for your review in the Credit Union office, including pricing information on boats, RV's and motorcycles.

5.  Get a Price Quote on Vehicle Extended Warranties:  Bumper-to-bumper extended vehicle warranty coverage is available on new and used vehicles (maximum 75,000 miles at purchase) through Auto Exam Automobile Services. Auto Exam warranty prices are typically 25% lower than traditional dealer extended warranty services. Repairs may be made at any licensed vehicle repair facility in the U.S.  Please contact a Loan Specialist for a quote.

6.  Find Out If You'll Have a GAP - Guaranteed Auto Protection:  If your vehicle is totaled in an accident or stolen, you may be liable for the difference between the book value and the loan balance (the GAP). Our GAP protection program takes away the worry that you may be liable for thousands of dollars in the event your vehicle is lost due to no cause of your own.

7.  Time For The Test Drive!  Get The Best Deal When Shopping:
New Vehicles: Take the stress out of your next new vehicle purchase with the Motor Vehicle Certification Program (MVCP), a new vehicle buying service in the Baltimore, DC & Philadelphia regions. With MVCP you pay a pre-negotiated discounted price on almost all new vehicles available. You may still take advantage of manufacturers incentives and rebates and you may also trade-in your existing vehicle. Contact MVCP at 800-345-0990 or visit www.mvcp.com.
Used Vehicles: Consider getting your used vehicle from Enterprise Car Sales. Enterprise provides haggle-free buying on their certified vehicle sales. Contact Enterprise at 800-227-7253 or click here.

8.  If Buying Used, Find Out More with CarFax:  Pay only $14.99 for a Carfax report when you go through the Credit Union.  Plus, we will refund the fee of up to 3 reports if you finance a vehicle with LM Federal within 90 days.  Carfax vehicle history reports provide the first step in protecting yourself against buying a used vehicle with costly hidden problems. Carfax searches its nationwide database and provides a detailed vehicle history report in seconds.

9.  Don't Get Played by the Dealer:  Purchasing a vehicle can be a nerve wracking and difficult task.  Once you are pre-approved for an auto loan, we'll provide you with a guide which contains sound advice for buying a car including great tips on negotiating, insider straight talk, and a discussion on leasing versus buying a car.