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New or Used Auto Loans

LANCO offers loans for new and used automobiles and motorcycles.¹

• For new vehicles, LANCO will finance up to 100% of the
  Manufacturers Suggested Retail Price (MSRP).
• For used vehicles, LANCO will finance up to 100% of the NADA retail value.
  (Click here to find your vehicle's NADA value.)

LANCO also offers auto loan refinancing.

• For loans held by another financial institution, there is absolutely no refinancing fee!
• If the loan is currently held by LANCO FCU and is being refinanced solely for the purpose of obtaining a better rate, a $50.00 refinancing fee will apply.

Click here to view current auto loan rates.

Insuring Your Loan

If you plan to finance more than 80% of your new vehicle purchase, we highly suggest that you purchase Guaranteed Asset Protection Plus (GAP Plus) insurance. In the event that your car is stolen or totaled, GAP Plus will cover the difference between the amount of your primary insurance settlement and the amount you owe on your loan. GAP Plus coverage also pays $1000.00 toward your next auto loan when you purchase your replacement vehicle within 60 days of your primary insurance settlement.

Learn more about GAP Plus insurance

Insuring Your Automobile

Members of LANCO Federal Credit Union are eligible to receive discounted auto insurance. To learn more and get a quote, click on the ad below.

Repaying Your Loan

You may choose from a variety of repayment terms and options. Payments may be made weekly, bi-weekly, semi-monthly or monthly from your direct deposit. You may choose to use a coupon book and mail your payment or set up automatic withdrawal from your LANCO account or an account elsewhere.

Click here to view the current rates and terms available.

Applying for Your Loan

The application process is simple. Click here to apply for your loan online or visit any LANCO branch. You will need to have proof of income (recent pay-stub) and a sales agreement from the selling dealer. Upon approval, closings can generally occur within two days.

If you are not currently a LANCO Member, you can stop by any LANCO branch to complete the membership and loan applications.

Click here for more information about becoming a member of LANCO Federal Credit Union.

When buying from one of the following dealers, you can complete the application process right at the dealership!²

¹ Vehicles must be less than 8 years old in order to be financed as an auto loan. For vehicles older than 8 years, speak with a LANCO Lender about financing options that may be available through a personal or home equity loan. LANCO also offers loans for recreational vehicles. For more information, call (717) 569-7180 to speak with a lender.
² LANCO does not endorse nor guarantee the services or vehicles provided by these dealerships. If you would like to add GAP insurance to your LANCO auto loan when applying at a dealership, please be clear that you would like to add GAP Plus insurance through LANCO Federal Credit Union. GAP Plus offers additional benefits at a lower cost than GAP insurance purchased from dealerships. Learn more about GAP Plus.