EFFECTIVE DATE: July 29, 2010
| Variable** Rate APR* | Fixed Rate APR* | ||
| New Motorcycle | Up to 60 months Up to 100% of Retail Value | 5.24% | 6.24% |
| 61 to 72 months Up to 100% of Retail Value | 5.70% | 6.70% | |
| 73 to 84 months (Financed Amount $25,000 or more) Up to 100% of Retail Value | 7.00% | 8.00% | |
| Used Motorcycle | Up to 60 months*** Up to 100% of Retail Value ($6,000 to $24,999) | 6.00% | 7.00% |
| 61 to 72 months Up to 100% of Retail Value ($6,000 to $24,999) | 5.99% | 6.99% | |
| 73 to 84 months (Financed Amount $25,000 or more) Up to 100% of Retail Value | 7.60% | 8.60% |
100% financing of retail value, plus tax, license, document fees and service maintenance contracts, on approved credit.
*** Loan amounts to $5,999 - up to 48 months.
New and used motorcycle rates reflect 1/4% discount for automatic or payroll deducted payments.
Members who currently have at least one (1) open loan with LAPFCU and are in good standing will receive an additional 1/4% Loyalty Rate Discount at the time of approval. This rate discount can not be used in conjunction with a Promotional Rate.
All Rates and Terms are subject to change without notice.
*APR = Annual Percentage Rate. **Variable rates may increase or decrease during the term of the loan.
Payment Example (Rate effective 4/8/10) New Motorcycle Loan: A 7 year loan at 8.00% fixed APR will have 84 monthly payments of $15.59 per $1,000 borrowed.
