New & Used Car Loans

How do you roll? With low rates and loan term options to fit your needs, our no-hassle auto financing helps your vehicle fit into your life. 

Vehicle Loan is rated 4.8 out of 5 by 427.
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“This is a great product because the loan application can be completed over the phone, the approval is virtually immediate, and the money is available the next day.” 

– PSECU Member for 10+ years


Finding the right car can be complicated. Financing it doesn’t have to be.

Same low rates, new or used cars

Rates that beat many dealerships' offers.

Loan terms that work for you

We offer loan terms from 1 to 120 months.

4.8-star rating (out of 5)

One of Pennsylvania’s top auto lenders.*

What will your monthly car payment be?

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Financing a New or Used Car with PSECU

Our fast loan application process lets you choose your vehicle and get on the road.

Apply online.

Gather the information you’ll need for your application, including monthly income and current debt payments. The application process takes as little as 20 minutes. Apply now. 

Get prequalified.

You’ll receive your loan decision fast – often within minutes and usually the same day.

Find the right car, truck or SUV. 

Now the fun part begins. Find the right vehicle and the best price. You can search the PSECU Member Showroom by CUDL® AutoSMART for current vehicles listed for sale. You can also browse our repossessed inventory and bid on your next vehicle.

Get your loan funding.

When you’re ready, we’ll mail you an AutoDraft. An AutoDraft is like a blank check for your preapproved amount that you can use at any authorized car dealer. Your AutoDraft will be valid for 120 days from the date of issue.

If you’re buying from an individual instead of a dealership, you can handle the transaction with an AutoCheck. An AutoCheck is made out to a specific seller for the exact amount of your purchase.

Finalize the sale.

You’ll fill out information on the AutoDraft, including the term of payment (number of months). The dealer will take care of the rest when you’ve found the ride for you.
Looking for other vehicle financing options? Find out more about recreational vehicle loans, how to refinance a vehicle, loans for business vehicles, and how to buy out a lease
When you’re ready to hit the road, you can apply now. Apply for an auto loan.

Auto Loan Rates

Valid as of 09/17/2019 3:07 PM EDT
Term APR* Description
1-36 Months 2.49% New / Used Auto
37-60 Months 3.49% New / Used Auto
61-84 Months 3.99% New / Used Auto
85-120 Months 8.74% New / Used Auto

* APR denotes Annual Percentage Rate

*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 120% of the retail value, and an additional 3% to the current interest rate when financing a vehicle for more than 120% and up to 130% of the retail value. PSECU will only finance up to 100% of the retail value of the vehicle for refinance of an existing PSECU vehicle loan. 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. See the Consumer Note, Disclosure and Security Agreement at psecu.com/disclosures or call 800.237.7328. Kelley Blue Book® is a registered trademark of the Kelley Blue Book Co., Inc.

Vehicle Loan Terms

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

*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 120% of the retail value, and an additional 3% to the current interest rate when financing a vehicle for more than 120% and up to 130% of the retail value. PSECU will only finance up to 100% of the retail value of the vehicle for refinance of an existing PSECU vehicle loan. 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. See the Consumer Note, Disclosure and Security Agreement at psecu.com/disclosures or call 800.237.7328. Kelley Blue Book® is a registered trademark of the Kelley Blue Book Co., Inc.

FAQs About Auto Loans From PSECU

Ready to buy? Get a loan preapproval from us and shop for the car, truck, motorcycle, or scooter you want – or learn more about your options. 

Any PSECU member can apply for an auto loan. Not yet a member? It’s easy to join, and most Pennsylvanians are eligible. Learn how to open an account to access our great new and used car loan products.
PSECU will finance up to 100% of the manufacturer's suggested retail price (MSRP) of any untitled, current model year vehicle that doesn't have excessive mileage.
For used vehicles, financing is available up to the retail value of any car or truck worth at least $3,000. Value is based on Kelley Blue Book® or other authorized pricing guides. A used vehicle must have a title or be a previous year model purchased after March 31.
Your preapproval is valid for 60 days. You can request your AutoDraft anytime during that 60-day period. The AutoDraft is valid for 120 days.  If you haven’t requested your AutoDraft or AutoCheck within 60 days after your loan approval, you’ll need to reapply. 
In some cases, yes. When we provide financing for more than the retail price or value of a new or used vehicle, a higher interest rate applies.
Along with many other factors, we use your credit history to help determine your interest rate and the amount you can borrow. People with limited credit history sometimes benefit from having a co-signer.
Your first payment will be due within 30 days from the date of your vehicle purchase. 
*Based on the Auto Lender Summary from Experian
Rated 1 out of 5 by from your bill is overdue-surprise Bought the car in August. Loan was secured through the dealership. I was not familiar at all with PSECU. Expected a bill but none arrived. I then receive notice that my payment was past due and I had 3 days to pay to avoid a service charge. I called and paid by phone. Here is what bugs me: I have yet to receive a bill but I was threatened with a late fee if I did not pay within 3 days. Clearly PSECU screwed up but put the onus on me. Not cool.
Date published: 2019-09-13
Rated 1 out of 5 by from Horrible loan process time I've been a member for over 30 years and used to finance everything through PSECU. For the past few years there seems to have been a change of hands in the loan department. It took 5 days to approve a simple car loan, but it's too late, I already sealed the deal with another bank via the car dealership and it was at a lower rate. Who do we need to vote out to get this department back to it's former glory?
Date published: 2019-09-10
Rated 5 out of 5 by from Great Service as Usual PSECU rates are competitive as usual. PSECU loan department personnel are quick to answer any questions and walk you through the process. Online application is simple; just remember to undo any credit report freezes you may have in place. I've been financing vehicles through PSECU for over 20 years without a problem.
Date published: 2019-09-05
Rated 1 out of 5 by from literally great except interest rate almost double i had the title, taxes and fees tacked onto the loan when i purchased the vehicle and it raised my interest rate from 3.49 to 5.49. This is not properly explained and the way that the process goes, its easily overlooked until you get your first bill and psecu says it went up 2% and you cant go back to change it.
Date published: 2019-08-26
Rated 1 out of 5 by from Loan Approval PSECU makes you jump through hoops to approve a loan. Even though my wife and I have used PSECU for years and have money deposited into our accounts regularly they want to a letter from her employer because she started a new job recently. For a small auto loan are you kidding me?! Go elsewhere, because this bank does not take history into consideration when trying to deal with them.
Date published: 2019-08-16
Rated 2 out of 5 by from Different Answer So first off getting a loan was pretty smooth except the fact that, I was told to send in paper work not a problem. Then I call a few days later and they said it wasn't the right paper work, even the first set of paper work was what I was told to send. Ok still not that big of a deal. I get accepted for the loan,great go to the dealership fax over the paperwork that I needed to send them. I call to confirm everything was done properly cause hey lets face it who doesn't want to get into the new vehicle right.. So when I speak with the person she said that I just missed the cut off and that the check will go out the next day, OK no problem. Call the following day to make sure it went out and to double check it was UPS. Was told it wasnt and that the check went out the following night and I couldn't change it cause it was already in the mail. So now I have to call the dealership and explain that it will be about another day till I get the check. So I call the next day to see if I can get a tracking number to see when Id get the check. I was then told that the check went out in today's mail. So now I have to call the dealership again and explain that I wont be getting the vehicle for another week cause the check may not be at my house in time and I go on vacation. It is an embarrassing feeling when you have to call the dealership and change your story three times. All because it seems that the system constantly changes. To be honest I may possibly going to look for another credit union. So to you who are on the fence make sure you ask questions and possibly call back once or twice to make sure you get the same story and check list
Date published: 2019-07-27
Rated 5 out of 5 by from Amazing customer support I used PSECU for a recent auto loan. We were off to a shaky start, as they sent the wrong type of check (it was a bit of a different kind of loan since I bought a Tesla and they don't have "dealerships). I was stressing out a bit as my appointment to pick up my car was nearing, and I had to wait until they received the check I mailed back to send the correct one. They came through in the end as they sent the check first AM to my home in Arizona. Donna was particularly helpful. She was super kind and made a point to make sure I got what I needed in time. Thanks so much! My only complaints about the process was obviously the confusion over the Tesla (I understand, it's new) and the fact that they can't wire transfer or put the money in my checking account for auto loans. Hopefully there's more options in the future.
Date published: 2019-05-14
Rated 5 out of 5 by from I love having PSECU auto loan in place I love my PSECU account! I love having my PSECU auto loan in place before going to the dealership, my price is set and I can easily say "no" to stuff I don't want or need.
Date published: 2019-04-21
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