What will your monthly business vehicle loan payment be?
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
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.
Business Vehicle Loan Rates
|New Auto - 36 months||2.74%||1-36 Months|
|New Auto - 60 months||3.74%||37-60 Months|
|New Auto - 84 months||4.24%||61-84 Months|
*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
Dealers should list PSECU on the title at this address:
Pennsylvania State Employees Credit Union
P.O. Box 67013
Harrisburg, PA 17106-7013