Business Vehicle Loans

To help you purchase a vehicle for your business, PSECU offers low rates, terms as long as seven years, and a simple application process.

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.

Eligible Vehicles

New Motor Vehicles

  • Cars, pick-up trucks, vans or SUVs not part of a fleet*.
  • Vehicles not previously titled, without excessive mileage.
  • Financing available: 100% of the Manufacturer's Suggested Retail Price (MSRP) (100% of Kelley Blue Book® or other authorized guide retail value if model is from the preceding year, untitled and purchased before April 1st of the current calendar year).
  • MSRP or other authorized guide retail value must be at least $3,000.

Used Motor Vehicles

  • Cars, pick-up trucks, vans or SUVs not part of a fleet*.
  • Vehicles that have been previously titled.
  • Financing available: 100% of Kelley Blue Book or other authorized guides' retail value.
  • Kelley Blue Book or other authorized guides' retail value must be at least $3,000.

New Commercial Vehicles*

  • Street-legal vehicles other than cars, pick-up trucks, vans, or SUVs up to 56,000 lbs. gross vehicle weight (GVW) not part of a fleet*.
  • Vehicles not previously titled, without excessive mileage.
  • Financing available: Up to 100% MSRP.
  • MSRP must be at least $3,750.

Used Commercial Vehicles*

  • Street-legal vehicles other than cars, pick-up trucks, vans, or SUVs up to 56,000 lbs. gross vehicle weight (GVW) not part of a fleet*.
  • Vehicles that have been previously titled.
  • Financing available: Up to 100% National Automobile Dealers Association (N.A.D.A.) or other authorized guides' retail value.
  • N.A.D.A or other authorized guides' retail value must be at least $3,750.

*PSECU will finance up to 100% of new/used commercial vehicles, not part of a fleet, with loans of $50,000 and less, and 80% with loans or total business loan relationships of more than $50,000 that are not part of a fleet of vehicles.

Lien Information

The following address should be given to the dealer for listing PSECU on the title:

Pennsylvania State Employees Credit Union
P.O. Box 67013
Harrisburg, PA 17106-7013

Restrictions

PSECU will only finance vehicles located and titled in the state of Pennsylvania. There are some transactions and vehicles for which PSECU will not lend funds. PSECU reserves the right to refuse to lend upon any collateral. Before attempting to finance a business / commercial vehicle through PSECU, please contact Business Services at 800.237.7328 - option 6 - extension 3875, nationwide (USA) to determine whether PSECU will be able to provide financing. For 61 - 72 month loans, minimum amount financed must be at least $12,000. For 73 - 84 month loans, minimum amount financed must be at least $20,000.

Information Required by PSECU

Dealer Purchase

  • Year, make, model, options and VIN of vehicle being purchased.
  • Complete copy of Bill of Sale.
  • Copy of window sticker for new vehicles.

Private Party Purchase

  • 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.

Rollover From Another Financial Institution - Used Vehicles

  • 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.

Member-Owned Vehicles

  • Year, make, model, options and VIN of vehicle currently owned.
  • Original title.

Refinance of Existing PSECU Loan

  • 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 loan balance.

Lease Buyouts

  • 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.

Rollover From Another Financial Institution - New Vehicles (purchased within 90 days)

  • 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.

Important: PSECU will not finance vehicles with flood, theft, or salvage titles.

*Fleet: A fleet is five (5) or more vehicles that are centrally controlled and used for business purpose, including for the purpose of transporting persons or property for commission or hire.

Business loans are available to businesses located within the State of Pennsylvania ONLY.

Rates valid as of 4/26/2017 9:51 AM

DescriptionTermAPR*
New / Used Auto12 - 36 MonthsCalculate1.74%
New / Used Auto37-60 MonthsCalculate2.74%
New / Used Auto61-84 MonthsCalculate3.24%
*APR denotes Annual Percentage Rate

Rates and information are subject to change at any time. Rates above apply to Sole Proprietorships. General Partnerships, Limited Partnerships, Corporate and LLC vehicle loan rates may vary from 2.74% APR to 5.24% APR depending on information provided by the applicant, an evaluation of credit, term selection and type of vehicle purchased.