LANCO Federal Credit Union  
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Loans


LANCO Federal Credit Union offers new and used auto loans at affordable rates, and under most circumstances, a one day turn around on loan approvals.

New and Used Autos

  • Car must be eight (8) years old OR newer to be financed as a car loan.
  • LANCO will finance 100% of the book value of a used car.
  • $10.00 Electronic Lien Titling fee - This fee may be rolled into the loan, if requested.
Age of Vehicle Length of Loan
New (only) 6 years
Up to 3 yrs. old 5 years
4 yrs. old 4 years
5 yrs. old 3.5 years
6 yrs. old 3 years
7 yrs. old 3 years
8 yrs. old 3 years

 

AutoCash

"I need a new car already?! It feels like yesterday that I shelled out a bunch of money for this car. I meant to save money for a down-payment on my next car so that I could keep my monthly payment down… but I just never got in the habit of saving. If only I had saved some money I would be able to better afford the new car I’m going to need. Boy, it would have been nice to only have to borrow less than $9,500 instead of $12,500. That’s really going to hurt."

LANCO has the answer to this common dilemma: AutoCash!
With an AutoCash loan, you automatically save towards the down-payment of your next vehicle.

For example: You want to borrow $12,500.00 and save $3,000 towards your next vehicle. Your AutoCash loan payment will be $300 per month; $250 for the loan and $50 going to a special higher rate savings account to save for your next car. This way, when you’re done paying your loan you’ll have $3,000 saved for your next vehicle. If you had utilized AutoCash, your payment would have been $190 per month after your $3000 down-payment instead of $250.*

Call 717-569-7180 for more information about this fantastic new loan product!

*$3000 saved is based on $50 per month for 60 months. Withdrawal restrictions apply.

GAP Insurance

It's a type of insurance that you can buy for your car loan. If your LANCO-financed car is totaled, and you still owe on the loan, but the regular insurance values your car less than you owe, GAP insurance will pay the difference - PLUS give you up to $1,000 toward a down payment on your new car, if you finance it at LANCO! All at a cost of $300! Ask a LANCO lender for more details.

 

Apply for a Loan Online

Pre-approvals for all loans are available and will be held at the specific rate for 30 days. Loans may be paid by monthly payments or through payroll deductions.

Related Online Resources

NADA Guides

Do you want to know the book value for your car? Find out!
Go to NADAguides.com

 
LANCO Federal Credit Union