Vehicle Loan Details

No matter what type of vehicle - new or used - you're looking to buy, we make it easy to get the financing you need. With a PSECU pre-approval, you can shop for the car, truck, motorcycle or scooter you want.

We also finance up to 90% of the retail value of recreational vehicles (RV) including motor homes, travel and camping trailers, and camper vans. The retail value of the RV must be at least $3,333.

Looking to buy a boat/boat trailer, jet ski, ATV, snowmobile or a non-street legal vehicle? Apply for a Personal Loan or Personal Line of Credit.

Types of Vehicle Loans:

Purchasing A Vehicle From A Dealer?

PSECU's AutoDraft makes auto buying easier because you are prequalified for your auto loan prior to making a purchase. The AutoDraft looks and works like a blank check and can be used at any authorized car dealer.

Once you know how much you need to borrow, apply for your loan with PSECU. If approved, you will receive your AutoDraft by mail.

Be sure to fill out all the information on the draft - including the term of payment (number of months) and method of payment (direct deposit, automatic transfer, etc.). The dealer will take care of the rest!

Purchasing A Vehicle From A Private Party?

We'll work with you to get the vehicle you want! Private party purchases, antique/classic vehicles and more can be handled with a PSECU AutoCheck.

Buying Out a Lease?

We'll work with you to purchase your currently leased vehicle.

Rollover From Another Financial Institution

You purchased a great vehicle. But did you get the best financing terms? Talk to us about moving your loan to PSECU. It's easy and could save you a lot of money.

Refinancing of Existing PSECU Loan

This option might make sense for you. Keep in mind you'll need to refinance $1,000 over the current loan payoff.

Member-Owned Vehicle Loan

If you have the title to your vehicle, you can borrow against it by setting up a PSECU vehicle loan.

Financing Terms:

New Vehicles

• We will finance up to 100% of the Manufacturer's Suggested Retail Price (MSRP) for current calendar year vehicles
• Vehicle must be untitled current model year
• The vehicle must not have excessive mileage
• When financing between 100% and 130% of the retail value, the interest rate will be the current posted interest rate plus 2%

 

Types	Value (Minimum)	Loan Amount (Minimum)	Term (Maximum)
Vehicles	$40,000	$40,000	120 months
Vehicles	$20,000	NA	84 months
Vehicles	$12,000	NA	72 months
Vehicles	$8,000	NA	60 months
Vehicles	$6,000	NA	48 months
Vehicles	$3,000	NA	36 months
Recreational Vehicles	NA	$15,000	84 months
Recreational Vehicles	NA	$8,000	60 months
Recreational Vehicles	NA	$5,000	48 months
Recreational Vehicles	NA	$3,000	36 months

Used Vehicles

• We will finance up to 100% of the retail value for used vehicles with a minimum value of at least $3,000. The Kelley Blue Book® or other authorized guide will be used to determine the retail value. (Kelley Blue Book® is a registered trademark of Kelley Blue Book Co., Inc.)
• The vehicle must be titled or a previous-year untitled vehicle
• We will finance between 100% and 130% of the vehicle's retail value. The interest rate will be the current posted interest rate plus 2%

Types	Value (Minimum)	Loan Amount (Minimum)	Term (Maximum)
Vehicles	$40,000	$40,000	120 months
Vehicles	$20,000	NA	84 months
Vehicles	$12,000	NA	72 months
Vehicles	$8,000	NA	60 months
Vehicles	$6,000	NA	48 months
Vehicles	$3,000	NA	36 months
Recreational Vehicles	NA	$15,000	84 months
Recreational Vehicles	NA	$8,000	60 months
Recreational Vehicles	NA	$5,000	48 months
Recreational Vehicles	NA	$3,000	36 months

Please Note: A vehicle purchased after March 31 of the current calendar year is considered to be "previous year."

Insurance and Liens

PSECU must be named loss payee under your insurance policy. Your policy must provide fire, theft, collision and comprehensive coverage.

PSECU must be listed as the first and only lien holder. The following address should be listed on the title: PSECU, P.O. Box 67017, Harrisburg, PA 17106-7017.

Planning and Resources:

• Vehicle Buying Resources
• Vehicle Calculators

Rates reflect a .25% APR reduction for Automatic Payment Service and loan amounts up to 100% of the retail value of the vehicle. Your rate will increase if you discontinue Automatic Payment Service. PSECU will charge an additional 2% to the current interest rate when financing a vehicle for more than 100% and up to 130% of the retail value. The Manufacturer’s Suggested Retail Price determines new vehicle values; Kelley Blue Book® or other authorized guides determine used vehicle values. Minimum value is $3,000. PSECU makes all final decisions regarding vehicle value and proper rate. Loan rates are subject to change. For more information, see our loan disclosures.
 
Kelley Blue Book is a registered trademark of the Kelley Blue Book Co., Inc.