Credit union · NCUA insured
LorMet Auto Loan Rates
LorMet auto loans start at 6.78% APR for a new vehicle and 6.78% for a used one. Rates checked October 16, 2026.
How LorMet’s auto loan rates compare
Compared with banks and credit unions near Cleveland, OH, where LorMet has the most branches. New vehicle, lowest advertised APR first.
This credit union’s lowest
LorMet
6.78%APR
- Terms
- up to 78 months
- Up to
- —
New Auto
Lowest rate
Steel Valley Federal Credit Union
3.99%APR
- Terms
- —
- Up to
- 10.99% APR
2nd-lowest rate
Lakeview Federal Credit Union
3.99%APR
- Terms
- up to 60 months
- Up to
- —
LorMet auto loan score
62
Auto loan score
Higher than 7% of U.S. banks and credit unions
- New vehicleNew6.78%
- Used vehicleUsed6.78%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where LorMet ranks
By auto loan score, in each area where it has branches
Every rate
Current auto loan rates
Rates from the credit union’s website. Most are “as low as” rates for the best credit; yours depends on your credit, the term and the vehicle.
Motorcycle Loan
Eligibility: Live, work, or worship in Lorain County, Rocky River, Bay Village, Westlake, North Olmsted, Olmsted Falls, or Olmsted Township. Subject to underwriting policy, guidelines, credit verification, and repayment history.
| Terms | APR | Conditions |
|---|---|---|
| up to 72 months | 6.78% | New Motorcycle. Rates quoted depend on credit score (TransUnion FICO Auto Enhance Score of 740 or above required for lowest rate), vehicle mileage, negative equity allowances, amount, and condition. Listed APR is for in-person direct member financing. Vehicles currently financed with LorMet are excluded. |
| up to 72 months | 7.14% | Used Motorcycle. Rates quoted depend on credit score (TransUnion FICO Auto Enhance Score of 740 or above required for lowest rate), vehicle mileage, negative equity allowances, amount, and condition. Listed APR is for in-person direct member financing. Vehicles currently financed with LorMet are excluded. |
Sources (3)
All captured Oct 16, 2026
New Auto
Eligibility: Live, work, or worship in Lorain County, Rocky River, Bay Village, Westlake, North Olmsted, Olmsted Falls, or Olmsted Township. Up to 115% financing on new vehicles. No prepayment penalty. Subject to underwriting policy, guidelines, credit verification, and repayment history.
| Terms | APR | Conditions |
|---|---|---|
| up to 78 months | 6.78% | Rates quoted depend on credit score (TransUnion FICO Auto Enhance Score of 740 or above required for lowest rate), vehicle mileage, negative equity allowances, amount, and condition. Listed APR is for in-person direct member financing (includes loan documentation fee and maximum term financing); indirect/on-site dealership financing may have slightly higher APRs for new members. Vehicles currently financed with LorMet are excluded. |
Used Auto
Eligibility: Live, work, or worship in Lorain County, Rocky River, Bay Village, Westlake, North Olmsted, Olmsted Falls, or Olmsted Township. No prepayment penalty. Subject to underwriting policy, guidelines, credit verification, and repayment history.
| Terms | APR | Conditions |
|---|---|---|
| up to 78 months | 6.78% | Rates quoted depend on credit score (TransUnion FICO Auto Enhance Score of 740 or above required for lowest rate), vehicle mileage, negative equity allowances, amount, and condition. Listed APR is for in-person direct member financing (includes loan documentation fee and maximum term financing); indirect/on-site dealership financing may have slightly higher APRs for new members. Vehicles currently financed with LorMet are excluded. Schedule on rates page lists Used Auto as low as 7.14% APR. |
Who can join LorMet
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Anyone who lives in Lorain County or the cities of Bay Village, Rocky River, Westlake, North Olmsted, Olmsted Falls or Township is eligible to join.
- Those who work in Lorain County or the cities of Bay Village, Rocky River, Westlake, North Olmsted, Olmsted Falls or Township are eligible to join.
- Those who worship in Lorain County, Rocky River, Bay Village, Westlake, North Olmsted, Olmsted Falls, or Olmsted Township are eligible to join.
Military, government and schools
- Those who attend school in Lorain County or the cities of Bay Village, Rocky River, Westlake, North Olmsted, Olmsted Falls or Township are eligible to join.
Family and household
- Immediate family members of current LorMet members are eligible to join.
Membership information collected October 5, 2026.