To help you purchase a vehicle for your business, PSECU offers low rates, terms as long as seven years, and a simple application process.
You’ll need to apply for your vehicle loan before purchasing your vehicle. Loan approvals are
valid for 60 days. After you’re approved for the loan and PSECU receives the appropriate
information, an AutoCheck will be issued for the purchase price up to our financing guidelines.
Business loans are available in the following states: AL, CA, CO, FL, GA, HI, IL, IN, IA, MA, MI, MN, NY, NC, OH, OR, PA, TN, TX, UT, VA, WA, WI.
Current Rates| Description | Term | APR† |
| New Auto - 24 months | 1 -24 Months | 3.74 % |
| New Auto - 60 months | 25 -60 Months | 4.74 % |
| New Auto - 84 months | 61 -84 Months | 5.24 % |
| Used Auto - 24 months | 1 -24 Months | 3.74 % |
| Used Auto - 60 months | 25 -60 Months | 4.74 % |
| Used Auto - 84 months | 61 -84 Months | 5.24 % |
Rates above apply to Sole Proprietorships and General Partnerships. Limited Partnerships, Corporate and LLC vehicle loan rates will vary from 4.74% APR to 8.24% APR depending on information provided by the applicant, an evaluation of credit, term selection and type of vehicle purchased.
† Annual Percentage Rate
Rates and information are subject to change at any time.
Application Downloads Sole Proprietorships |
Other Business Types
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Eligible Vehicles| New Motor Vehicles | Used Motor Vehicles |
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| New Commercial Vehicles* | Used Commercial Vehicles* |
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PSECU will finance up to 100% of new/used commercial vehicles with loans of $50,000 and less, and 80% with loans or total business loan relationships of more than $50,000.
Information Required by PSECUPlease select your type of purchase from the list below to get your forms checklist:
- Year, make, model, options and VIN of vehicle being purchased
- Complete copy of Bill of Sale
- Copy of window sticker for new vehicles
- Year, make, model, mileage, options and VIN of vehicle being purchased
- Complete copy of vehicle registration card, including both sections with vehicle information and owner’s signature
- Private Party Vehicle/Equipment Purchase form
Use this form for a private party vehicle/equipment purchase between seller(s) of Vehicle/Equipment and Purchaser(s) of Vehicle/Equipment Being Financed Through PSECU
- Year, make, model, mileage, options and VIN of vehicle being purchased
- Name, address and telephone number of present lending institution
- Account number and payoff of existing loan
- Year, make, model, options and VIN of vehicle currently owned
- Original title
- Year, make, model, options and VIN of vehicle currently financed with PSECU.
- PSECU must have the original title
- Please note: Requires a $1,000 addition to the existing balance.
- Year, make, model, mileage, options and VIN of vehicle being purchased
- Name, address and telephone number of present lending institution
- Account number and buyout of existing lease
- Year, make, model, mileage, options and VIN of vehicle being purchased
- Name, address and telephone number of present lending institution
- Account number and payoff of existing loan
- Copy of bill of sale and window sticker
| Description | Term | APR† |
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| New/Used Business/Commercial Vehicle | 1-24 months | 5.24% APR |
| New/Used Business/Commercial Vehicle | 25-60 months | 6.24% APR |
| New/Used Business/Commercial Vehicle | 61-84 months | 6.74% APR |
Rates above apply to Sole Proprietors and GENERAL Partnerships. Rates for Limited Partnerships, LLC's and Corporations may vary between 6.24% and 8.79% depending on term combined with information and provided in the credit request, and evaluation of credit, and vehicle purchased.
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Attention: PSECU will not finance vehicles with flood, theft, or salvage titles. |
† Annual Percentage Rate - Rates and information are subject to change at any time.