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Drive off in your new car with a Lease-Like Auto Loan from The Atlantic Federal Credit Union!

The Lease-Like Auto Loan allows you to lock in a lower monthly payment than a traditional auto loan—with the flexibility of vehicle ownership. The loan amount is based on the purchase price, less the residual value of the vehicle.

Get the benefits of a new car lease without the mileage restrictions and lease fees! You own the vehicle, so the title is in your name. At the end of the Lease-Like Loan term, you have the flexibility to refinance (subject to approval), trade-in, or pay off the residual value of the vehicle.

Your pre-approval is valid for 45 days, giving you more time to find the deal you’re looking for. Plus, choose a term that works for you—up to 5 years.

Available for new vehicles with less than 5,000 miles.


Consider the following example of a new vehicle with an MSRP of $56,600 to see how the Lease-Like Auto Loan from The Atlantic can help you save.

  Lease-Like Auto Loan Traditional Loan
Vehicle Valuation$56,600$56,600
Down Payment$5,000$5,000
Loan Term 48 Months48 Months
Monthly Payments $724.98 (5.74% APR*)$1,195.10 (5.29% APR*)
Balance at Loan Maturity $26,602N/A

It's that easy to drive the vehicle of your dreams today at a lower monthly payment!

Additional Protection

The Atlantic offers optional layers of protection to ensure your ability to keep making payments and keep you on the road in the event life throws you a curveball.

Types of CoverageWhat it Covers
GAP CoverageThe difference between your car's value and what you owe in the event it's stolen or totaled.

Check out this short video on GAP Coverage and how it may benefit you.
Mechanical RepairProvides coverage on repairs in the event your vehicle experiences a mechanical failure.

Check out this short video on Mechanical Breakdown Protection to learn more.
Debt Protection PlanIf a protected life event happens to you or your co-borrower, loan payments can be cancelled or waived up to the contract maximum.

Watch this short video on Debt Protection to find out if it's right for you.

Need Help Finding the Right Vehicle?

The Atlantic Federal Credit Union partners with the
Costco Auto Program
to help our Members find the right car, as affordable and hassle-free as possible.


Community Banking At Its Best

The Atlantic Federal Credit Union offers many of the same services as a bank, often with better rates and lower costs. As a not-for-profit financial cooperative, our only priority is meeting the needs of our Members. We pride ourselves on delivering personalized service backed by the latest in digital banking technology so you can bank whenever and wherever is most convenient for you. Plus, we exclusively serve Essex and Union counties in New Jersey, which means your hard-earned deposits are kept secure locally and loans are serviced locally. 

 


Not Yet a Member?

Apply today to unlock all of the Membership benefits at The Atlantic, including great rates, low fees, access to the latest in online and mobile banking technology, and much more.

Who is Eligible for Membership?

Membership is available to anyone who lives, works, worships, attends school or regularly does business in Union or Essex counties in New Jersey. Businesses and legal entities in Essex or Union counties are also eligible.

Immediate family members of existing members, including your spouse, children, siblings, parents, grandparents, grandchildren, stepchildren, stepparents, stepsiblings and adopted children, are also eligible for Membership. Non-related individuals living in the same household can also qualify.

Not sure if you are eligible? Call us at 908.245.1750.

Join Now to become a member of Atlantic FCU