Business Vehicles

You’re committed to keeping your business moving. We’re with you. That’s why we offer business and commercial vehicle financing with terms up to 7 years. 

Extend your business’s capabilities with financing for new or used business cars, vans, and light-duty trucks. Our low-cost financing solutions give you the freedom to focus on what you do best – running your business.

Low rates

Our low interest rates keep payments more affordable.

One of PA's top auto lenders

Our customers rate us 4.8 out of 5 stars.*

Loan terms up to 7 years

Flexible repayments to fit your needs.

Quick, simple application

Most applicants get a decision quickly.

What will your monthly business vehicle loan payment be?

food truck

Eligible Vehicles for Business Loans

Keep your company rolling with flexible, low-interest-rate business cars, light-duty trucks, and vans.

We finance cars, pickup trucks, vans, or SUVs that aren’t part of a fleet and have a value of at least $3,000.* 

  • New vehicles: Up to 100% of the manufacturer's suggested retail price (MSRP). 
  • Used vehicles: Up to 100% of Kelley Blue Book® or other authorized guide retail value.
  • Untitled new vehicles from the preceding year: Up to 100% of Kelley Blue Book® or other authorized guide retail value, if you purchased the vehicle before April 1 of the current calendar year. 

Businesses can finance the purchase of street-legal vehicles (other than cars, pickup trucks, vans, or SUVs) that are not part of a fleet.* Vehicle value must be at least $3,750.

  • New vehicles: Up to 100% MSRP
  • Used vehicles: Up to 100% National Automobile Dealers Association (NADA) or other authorized guides' retail value
Already financed with another institution? You can still take advantage of our great rates. We can pay off your existing loan and provide a PSECU business vehicle loan instead, for new (purchased within 90 days) or used vehicles.
If you’re ready to own your business vehicle, our lease buyout loan offers the same rates as our other business vehicle loans.
When you need to convert a member-owned vehicle to business use, we can help. Grab your vehicle information and give us a call to discuss your options. 
Members with a current PSECU vehicle loan can refinance into a business loan. Refinance loans require an addition of $1,000 to the existing loan balance.

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.

Business and Commercial Vehicle Financing 

Move forward with smart financing solutions. We offer quick approval, low rates, and business-friendly terms up to 7 years.

Start your application

Gather the information you’ll need for your application, including a profit and loss statement, income verification, and current balance sheet. You’ll also need to provide the year, make, model, options, and VIN for the vehicle you’re financing. 

Each business type can submit a paper application.

Receive your loan approval.

Loan approvals are valid for 60 days.

Receive your loan funding.

Once your loan documents are signed and returned, a check will be issued for the amount of your transaction.

Finalize the sale. 

Wrap up the transaction and get back to business – with financing you can rely on.
Do you need other business financing, such as an equipment loan, line of credit, small business loan, or term loan? Get more information about other business loans.

Business Vehicle Loan Rates

Valid as of 04/6/2020 2:10 AM EDT
Description APR* Term
New Auto - 36 months 2.74% 1-36 Months
New Auto - 60 months 3.74% 37-60 Months
New Auto - 84 months 3.74% 61-84 Months
View All PSECU Rates

*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 3.74% APR to 6.24% APR depending on information provided by the applicant, an evaluation of credit, term selection and type of vehicle purchased.

FAQs About Business Vehicle Loans From PSECU

Any PSECU member who operates a business (sole proprietorships, general partnerships, limited partnerships, corporations, and LLCs) can apply for business financing. Not yet a member?  Apply via our paper application. You’ll gain access to our great loan rates and other financial services for businesses and individuals.
Business financing can fund the purchase of new and used business vehicles and commercial vehicles that are not part of a fleet. 
For 61- to 72-month loans, the minimum amount financed must be at least $12,000. For 73- to 84-month loans, the minimum amount financed must be at least $20,000.

Dealers should list PSECU on the title at this address:

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

PSECU will finance only vehicles located and titled in Pennsylvania. For some transactions and vehicles, PSECU will not lend funds. PSECU reserves the right to refuse to lend upon any collateral. If you have questions about a specific business or commercial vehicle, please contact Business Services at 800.237.7328, extension 3875. 
If you're already a PSECU member, you can apply for a business vehicle using our paper application
If you’re not yet a member, there are a few steps you need to take before you can apply for a business vehicle loan. First, all business owners must become members of PSECU. Second, apply for a business account. Lastly, apply for a business vehicle loan. Joining PSECU takes less than 15 minutes, and you’ll benefit from great rates, low fees, and more money back each year. 
*Based on the Auto Lender Summary from Experian