Vehicle Loans

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New, pre-owned, electric, fueled. Amazing rates for pretty much every car, motorcycle or boat.

Finance Your Next New or Pre-Owned Vehicle

Refinance Your Current Auto Loan

Getting Your Vehicle In 3 Easy Steps

Get pre-approved

Find out how much vehicle you can afford in minutes by applying now. Apply easily through Online Banking, Calling us 516.822.1070 Option 3 or visiting one of our branches.

Find your ride

You can use a Auto Buying Service to find your next pre-owned or new car, or find a car on your own, it’s up to you.

Sign and drive

Finalize your loan details with a NY TEAM FCU representative and you’re off to the races.

If you sign up for e-statements and have direct deposit for your full loan payment plus $25.00 into your checking account, you can receive a 1% discount on your loan.

However, this discount does not apply to Real-Estate Lending, LOC (Personal Line of Credit), Share Secured, PAL Loans, or forced placed loans.

woman in yellow blouse and blue jeans taking selfie while sitting on carYour perfect car is out there and we want to help you get it. Whether it’s 4-wheels, 2-doors, an SUV or a hybrid, we offer car loans to get you moving. And when it comes to financing your new vehicle, NY TEAM Federal Credit Union is your go-to option.

Borrow up to 100% of the purchase price for up to 84 months.

Your perfect car is out there and we want to help you get it. Whether it’s 4-wheels, 2-doors, an SUV or a hybrid, we offer car loans to get you moving. And when it comes to financing your pre-owned vehicle, NY TEAM Federal Credit Union is your go-to option.

Vehicle’s 7 years or newer you can Borrow up to 100% of the vehicle’s value.

Vehicle’s 8-10 years old you can borrow up to 80% of the vehicle’s value.

Borrow against your Auto’s equity at a much lower rate than a personal loan.

For example, if a you own your vehicle out right, you can borrow against the equity! For example, John owns his 2020 Dodge Ram, and the NADA is $35,000.; he can borrow up to 90% ($31,500) of the NADA value as an Vehicle Loan. The car will be held as collateral against the loan. This would be done for you to borrow against your equity at a lower rate than paying a higher rate on an unsecured loan.

Borrow up to 90% of the NADA Value. Vehicle cannot exceed 7 year old. Maximum Term is 60 months.

Has your Credit Sore raised since you borrowed with us? Great news you can refinance your existing loan with us for a lower rate! For a $250.00 Fee you can refinance once per a 12 month period.

Dreaming of speeding off into the sunset? Finance your motorcycle with NY TEAM!

Borrow up to 100% of the purchase price or NADA value with for terms up to 60 months.

We offer financing for new boats up to 80%, which may include sales tax and title. For used boats, we consider 80% of their Clean Retail Value in NADA, appraised value, or purchase price, whichever is less. You may need to get a marine survey, and you are responsible for any fees. Our financing is available for purchases only, and we require an annual update of your Storage/Docking information. You also need to have physical damage insurance. We can refinance a boat if you bought it new within 12 months of the original purchase, but inflatable boats and personal watercraft are not eligible for refinancing. Your boat must be no more than 10 years old and have a clean title. If you want a repayment term of more than 144 months, your boat must qualify as a home according to the Internal Revenue definition, which means it has sleeping, cooking, and toilet facilities. Conditions of loans may vary, and rates and conditions are subject to change without notice.

To qualify as a New RV Refinance, the RV must have been purchased as New, and the refinance must be completed within 6 months of the original purchase date.  Minimum term for refinancing is 24 months.

The NADA Book value will be used to determine the value of Pre-Owned/Refinanced RV Loans.

  • Up to 80% financing up to $120,000.00
  • Pre-Owned RVs is subject to 80% of Clean Retail Value in NADA, appraised value, price of purchased price, whatever is less.
  • RVs must have a clean title
  • Financing is for purchases only
  • RVs cannot exceed 10 years old. For a term over 144 months RV shall be drivable. (Motorhome) Terms up to 240 months.
  • Required: Insurance binder listing the CU as a lien holder
  • Truck campers, pop-up trailers, park models, Horse trailers and Race car trailers are not eligible to be financed as an RV Loan


Competitive Rates

Get a fair rate on your vehicle and learn about our 1.00% discount

Loan Rates


Get Pre-Approved for a loan in minutes!


Auto Insurance Requirements

If you have an auto loan with us, you will be required to provide proof of insurance. Comprehensive and collision coverage with a maximum deductible of $1,000.00 must be maintained for the term of the loan. Your policy should be in effect from the date of funding and have a full description of the vehicle shown, as well as our credit union listed as lien holder.

Lien Holder Address
NY TEAM Federal Credit Union
65 Broadway
Hicksville, NY 11801

Providing Proof of Insurance

We have partnered with Insurance Services (Van Wagenen/ CUNA) to track and verify insurance coverage. If you have received a letter from Insurance Services asking for verification of insurance, please do so. You may also provide your proof of insurance via telephone, fax, email or regular mail using the contact information provided in your notification letter.

$100 Cash Reward from LMCUR when you buy a vehicle from Carvana