All Loans > Auto Loans > Lake Trust Credit Union Auto Loans Calculator
Important disclosure

Lake Trust Credit Union Auto Loan Calculator, Interest Rates & Overview

Carla Soto
Carla Soto
Updated 06 October 2023
Fact checked

Lake Trust Credit Union auto loans overview

Lake Trust Credit Union logo

Lake Trust Credit Union serves its members all across Michigan. For as low as 6.34% APR, qualified members can secure new and pre-owned auto loans with terms extending up to 84 months. Plus, members can select tailored loans for a range of vehicles, like cars, RVs, boats, motorcycles, ATVs, campers, and more.

Want to see what a Lake Trust auto loan will cost? Try the Lake Trust Credit Union auto loan calculator below! All you have to do is enter your desired loan amount and term to see an estimate. You can use the calculator to adjust your loan amount and term to see how it might affect your monthly repayments.

Key Lake Trust Credit Union auto loan features

  • Minimum loan amount: Undisclosed.
  • Maximum loan amount: Undisclosed.
  • Interest rates: 6.34% to 16.79% APR.
  • Loan terms: Up to 84 months.
  • Loan fees: Undisclosed.
  • Discounts: Undisclosed.

LAKE TRUST CREDIT UNION AUTO LOAN OPTIONS

New and used auto loans

Starting at 6.34% APR, you can apply for pre-owned and new auto loans or refinance your existing loan. Lake Trust offers terms stretching up to 84 months, and you can avoid prepayment penalties.

AutoSaver loans

Lake Trust Credit Union also has loans that allow you to make lower monthly payments like a lease. When your term ends, you can either turn in your car or keep it longer. Rates start at 6.34% APR, and terms are up to 60 months. Remember though that your remaining balance is due in full as a balloon payment if you decide to keep the vehicle at the end.

RV and boat loans

You can also travel the road or ride the waves with Lake Trust’s loans for new and used recreational vehicles and boats. Rates begin at 7.94% APR, while you can make loan payments for up to 240 months. To qualify for the lowest rates, you need a minimum loan of $7,500.

Motorcycle and other vehicle loans

If you’re after adventure, you can also pick from other vehicle loans, like motorcycles, personal watercraft, snowmobiles, ATVs, campers, and more. For motorcycles, rates are as low as 7.99% APR, and terms extend up to 120 months. But for other vehicle types, you can secure rates from 9.20% to 18.45% APR and terms of up to 84 months.

Lake Trust Credit Union auto loan calculator

Provider
Product Information
EST Monthly
Repayment
Interest
Rate
Repayment
Period
Loan
Amounts
Sort loans by

Loan Amount

$25,000

Term

60 months

Change
Lake Trust Credit Union

Lake Trust Credit Union auto loan

Lake Trust Credit Union auto loan
Estimated Month Repayments
$595 Inclusive of fees
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Get a low interest rate Lake Trust Credit Union auto loan
Featured
Achieva Credit Union

Achieva - New Auto Loan

Estimated Month Repayments
$437 Inclusive of fees
Interest Rate
1.89%
APR
Repayment Period
12 months
to 84 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Low fixed interest rates. Flexible terms. Same-day approvals. No hidden fees.
Featured
Bank of America

Bank of America auto loan

Estimated Month Repayments
$595 Inclusive of fees
Interest Rate
15.00%
APR
Repayment Period
12 months
to 72 months
Loan Amounts
$5,000
to $100,000
GO TO SITE
Get a low interest rate Bank of America auto loan

SeeLoans.com provides factual information about financial products. While SeeLoans.com attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on SeeLoans.com is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product, you will be dealing directly with that provider and not with SeeLoans.com. SeeLoans.com recommends reading the relevant product disclosure statement or product guide before taking up any financial product offer. Please view SeeLoans.com's Terms of Use for more information.

Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

HOW TO APPLY FOR A LAKE TRUST AUTO LOAN

Eligibility criteria

  • 18 years old or older
  • Eligible for Lake Trust Credit Union membership

Financial institutions generally offer their best loans to borrowers with a positive credit history. So, try to boost your credit score before applying. Consider lowering your debt-to-income (DTI) ratio, too. Lenders assess this number to look at how well you manage your debt payments.

How to join Lake Trust Credit Union

You can join Lake Trust if you meet one of the following requirements:

  • Live, work, worship, or study in Michigan
  • Retiree of legal entities located in Michigan
  • Member and immediate family of the mentioned above
  • A spouse of a deceased member

What you’ll need to have ready

Personal details

When you apply for auto financing with Lake Trust Credit Union, you’ll be asked to provide personal information such as:

  • An email address
  • Your full name
  • Address
  • Social Security number
  • Employment information
  • Income details
  • U.S. citizenship status
  • A list of monthly expenses

Documents

You may need to provide Lake Trust with additional documents to complete your loan request. These documents may include a purchase agreement or bill of sale, car registration and title, instructions for buying out a lease, proof of income (such as federal tax returns and W-2s), and financial statements.

To get approved for a loan fast, try to prepare your documents ahead of your application. This will help make your application easier, too.

Ways to apply for a Lake Trust Credit Union auto loan

  • Apply online by clicking the GO TO SITE link in the table below
  • Visit a branch
  • Call 888-267-7200

Additional Lake Trust auto loan details

  • Automatic payment: Available.
  • Loan approval times: It may take the credit union a business day to a few weeks based on your situation.
  • Rate discounts: Potential lower APRs for members with high credit scores.
  • Repayment frequency: Monthly.
  • Late payment fees: Undisclosed.
  • Prepayment penalty: $0.
  • Co-borrowers allowed: Yes.
  • Co-signers: Undisclosed.
  • Hardship program: Skip-a-payment available. (Know more)
  • Ways to repay: Online banking, mobile app, and over the phone.

Vehicle restrictions and limitations

  • Maximum vehicle age: Undisclosed.
  • Maximum vehicle mileage: 175K miles.
  • Other vehicle restrictions: Undisclosed.

PROS AND CONS

Pros

  • Competitive current rates.
  • Flexible repayment periods.
  • No prepayment penalties.
  • Convenient online application and pre-approval.
  • Optional auto insurance available.
  • Stress-free auto-buying services offered.
  • Joint applications allowed.
  • AutoSaver loan for lower payments and the choice to turn in or keep your car a little longer.
  • Multiple partner car dealers.

Cons

  • Membership eligibility required.
  • Undisclosed loan fees.
  • Possible higher rates for members with poor credit.

FREQUENTLY ASKED QUESTIONS

How to apply for car finance at Lake Trust?

There are different ways to apply – online, in person, over the phone, or on the spot at auto dealers.

What information do I need to provide when applying for a Lake Trust auto loan?

You need to provide your personal and contact details plus information on your income, employment, and other sources of income.

Does Lake Trust Credit Union refinance car loans?

Yes. Lake Trust offers auto loan refinancing so that you may lower your rates and/or adjust your terms.

What do you need to qualify for vehicle finance from Lake Trust?

You should be at least 18 years old and eligible for membership at Lake Trust Credit Union to qualify for vehicle financing. Additionally, loans are subject to credit approval.

Will applying for a car loan with Lake Trust Credit Union affect my credit score?

Lake Trust needs to do a hard credit check when you apply for auto financing. This will go on your credit report and ding your score by a few points. Nonetheless, you can work on building your credit back up by consistently meeting your loan payments.

What is the maximum term of a Lake Trust Credit Union auto loan?

You can pay for your vehicle for a maximum of 84 months based on your application.

Can I repay my Lake Trust Credit Union vehicle finance early?

Lake Trust will not charge you prepayment penalties if you pay off your car loan early.

Video: We’ll make you a happy camper

Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

.

Seeloans.com provides factual information in relation to financial products. While Seeloans.com attempts to make a wide range of products and providers available, it may not cover all the options available to you. Moreover, we cannot be responsible for changes made to this information by product providers and/or inaccurate information obtained from a product provider. All product information comes from the product provider or publicly available information and to the best of our knowledge is correct at the time of publishing. The information published on Seeloans.com is general in nature only and does not consider your personal objectives, financial situation or particular needs and is not recommending any particular product to you. If you decide to apply for a product you will be dealing directly with that provider and not with Seeloans.com. Seeloans.com recommends that you read the relevant product disclosure statement or product guide before taking up any financial product offer. For more information please see Seeloans.com’s Terms of Use and Services Guide.

© 2025 Seeloans.com