New & Used Car Loans

Eliminate bumper-to-bumper stress with low auto loan rates, flexible term options, and no-hassle auto financing.
Vehicle Loan is rated 4.7 out of 5 by 445.
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HOW OUR MEMBERS ACHIEVE MORE

More savings

Lower car loan rates leave dealership offers in the rear view. 

More flexibility   

Whether you need loan terms for 12 months or 120, we’ve got you.

More delight

Rated 4.8 out of 5 stars for driver satisfaction.

Current Rates

Valid as of 12/3/2020 7:55 AM EST 
TERM APR* Monthly Payment Value (Minimum) Loan Amount (Minimum)
1-36 Months 2.49%  $28.86/per $1000.00 $3,000.00 $1,000.00
37-48 Months  3.24%  $22.24/per $1000.00 $6,000.00 $1,000.00
49-60 Months  3.24%  $18.08/per $1000.00 $8,000.00 $1,000.00
61-72 Months  3.24%  $15.31/per $1000.00 $12,000.00 $1,000.00
73-84 Months  3.24%  $13.33/per $1000.00 $20,000.00 $1,000.00
85-120 Months  7.74%  $12.01/per $1000.00 $40,000.00 $40,000.00

*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. Monthly payment example: 36 monthly payments of $28.86 per $1,000 borrowed at the 2.49% APR or 60 monthly payments of $18.08 per $1,000 borrowed at the 3.24% APR. 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. Monthly payment examples are representative of the maximum term for the corresponding rate per $1,000 borrowed. Your payment may be different from the examples shown. PSECU makes all final decisions regarding vehicle value and proper rate. Loan rates, terms and information are subject to change at any time. Kelley Blue Book® is a registered trademark of the Kelley Blue Book Co., Inc.

BEFORE YOU HIT THE ROAD...

Apply Online

Gather the info you’ll need for your application - think monthly income statements and current debt payments. The auto loan application process can be as quick as 20 minutes.

Get prequalified

Most qualified applicants get a same-day loan decision, if not within minutes after applying. That speedy preapproval is then valid for 60 days.

Find your ride

Haven’t found your new wheels just yet? For those not working with a dealer or private seller, 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 the funds

An AutoDraft is a blank check for your preapproved amount, valid at any authorized dealership. An AutoCheck, however, is made out to a specific individual seller for the exact amount of purchase. If you haven’t requested either document within 60 days of your loan preapproval, you’ll have to reapply.

Close the deal

Take your AutoDraft or AutoCheck to your local dealership. When you finalize the sale after finding the right car for you, you’ll fill out information on the AutoDraft, including the term of payment. The dealer will take care of the rest.

FAQS

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.


The interest rate you pay is based on the total amount of your loan as a percentage of the total amount of your vehicle’s value. This is your loan-to-value ratio (LTV). The total amount of your loan will include taxes, tags, and any additional add-ons, if financed. PSECU will charge a higher rate of interest if you finance a vehicle for more than 100% of the vehicle value (an LTV greater than 100%).

For example: If you finance a vehicle for more than 100% and up to 120% of the retail value, PSECU will charge an additional 2% to the current interest rate. If you are financing a vehicle for more than 120% and up to 130% of the retail value, PSECU will charge an additional 3% to the current interest rate. The Manufacturer’s Suggested Retail Price determines new vehicle values; Kelley Blue Book® or other authorized guides determine used vehicle values. PSECU makes all final decisions regarding vehicle value and proper rate.
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.
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.
Your first payment will be due within 30 days from the date of your vehicle purchase. 

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Rated 1 out of 5 by from Car Loan This is the second time I’ve applied for a car loan with the bank I’ve used for years and always paid my loans on time with. Second time they have denied it - though they will quite willingly refinance an auto loan I’ve taken out with other lenders. This credit union continues to decrease in quality and certainly makes my account with my other credit union look all the better. My advice apply from some big bank get the loan and refinance it with them - it seems that they are only happy when you need to take a bunch of extra steps. Also, their decision turnaround time is abysmal given that you get auto loan approvals/denials in an hour elsewhere.
Date published: 2020-11-23
Rated 5 out of 5 by from Bought my last three vehicles through PSECU. The application process is streamlined, Automatic payment has always been the best. Three Dealers involved and each, though they would rather have taken me to the finance of their choice, responded very well when they heard the name of My Credit Union. Waiting for a check was never a problem. The Quality of PSECU Service was well recognized for both it's value and strength in the Central Pennsylvania market. .
Date published: 2020-10-24
Rated 5 out of 5 by from Great used auto loan I had some concerns about doing the loan process on line, but everything went smoothly. Applied on Monday afternoon...approved on Tuesday..received check and packet on Saturday. Great rate and length of loan. Very pleased
Date published: 2020-09-03
Rated 1 out of 5 by from poor service all around. more like a BANK than CU nothing but problems, debt free so now my credit score does compute in their system. being debt free is a problem i guess. also my debts, loans, credit cards are/were through PSECU. want me to find a car i want to buy and then they will send me a check for it, after i already was approved. do you think a car dealer will wait for me when i tell them the check is in the mail. I remember when PSECU was a credit union and cared about its customers. it looks like more of a big bank than what it used to. and then they will reply to my comment with "we appreciate" yadda yadda yadda and pretend to care or listen and it is so transparent that it really say to go take a hike. i am so disappointed in what PSECU has become
Date published: 2020-08-01
Rated 5 out of 5 by from Great product Low rate. Easy payment method ddddddddddddfdfddfffffffffff
Date published: 2020-07-17
Rated 5 out of 5 by from Best Credit Union To Deal With The Autodraft check was the easiest yet. By far the best way to buy a vehicle with a loan. You have the buying power to go select any vehicle you want on that Dealerships lot. My check was mailed to me fast, and the team at PSECU were great at answering all my questions
Date published: 2020-05-18
Rated 1 out of 5 by from Living in the past Got approved for a loan and tried to purchase a car online through Tesla or Carvana. It's 2020, I haven't stepped foot in a PSECU bank in over 8 years, and EVERYTHING I do with my account is done electronically. Yet, for some reason, I can't use this loan to buy a Tesla online, I have to physically hand someone a check. Unfortunately, I can't physically hand anyone a check when purchasing a car online. Super inconvenient banking system. If your'e going to be electronic, either make it all electronic, or none of it. This shouldn't be this difficult to buy a car in 2020, especially when I can do it from my couch and finance thru another bank. Does anyone know where a PSECU branch is anymore? Do they exist?
Date published: 2020-04-13
Rated 5 out of 5 by from Buying my "End of Lease" auto Tim in the Loan Dept assisted me in completing my appication. He was a tremendous help in making sure that I had everything needed for completion. Also very polite.
Date published: 2020-02-25
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