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Home » Navy Federal extends used-car financing to 84 months 

Navy Federal extends used-car financing to 84 months 

Credit union’s Cost of Car Ownership Index rose 7.2% in May 

Amanda HarrisbyAmanda Harris
June 3, 2026
in Risk Management
Reading Time: 3 mins read
1
Used cars for sale

(Photo/Canva)

Navy Federal Credit Union has extended used-vehicle financing terms to 84 months and lowered auto loan interest rates in the past week as the overall cost of car ownership continued to rise through May.  The financier on May 27 extended the loan term on used cars from a maximum of 72 months as the industry lengthens terms to meet consumers’ monthly payment needs, Kevin Wince, vice president of consumer […]

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