New & Used Car Loans
Competitive rates, quick loan decisions, and flexible terms let you drive away your new (or new-to-you) car with confidence.
Cruise Through the Car-Buying Process
Getting an auto loan doesn’t have to be stressful. Financing with us allows you to be:
You're 3 Steps Away from Your Dream Car
Buying out your lease doesn’t have to be intimidating. Follow these steps:
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Make sure you have the amount you wish to borrow, documentation showing your gross income and its source, and income information of the joint owner (if applicable) handy for your application.
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Most qualified applicants can get a same-day loan decision. Plan for our application to take about 20 minutes. Approved applications will include an AutoDraft1, which is a blank check for up to your preapproved amount that will be mailed to you, valid at any authorized dealership. Your AutoDraft will be good for 120 days. Looking to purchase a used car from a private seller? Secure your AutoCheck for the exact purchase amount to present directly to the individual seller.
1Not all financing conditions qualify for an AutoDraft disbursement. Contact PSECU for details.
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Take the AutoDraft to your local dealership. When you’re ready to finalize the purchase of your new car, you’ll fill out information on the AutoDraft, including the term of payment. The dealer will take care of the rest. Search for PSECU preferred dealers at PSECU – AutoSmart.
| Term | Rates As Low As* | Monthly Payment | Value (Minimum) | Loan Amount (Minimum) | |
|---|---|---|---|---|---|
| 1-36 Months | 6.64% |
$30.72
/ per $1000.00 |
$3,000.00 | $1,000.00 | |
| 37-48 Months | 7.14% |
$24.02
/ per $1000.00 |
$6,000.00 | $1,000.00 | |
| 49-60 Months | 7.14% |
$19.87
/ per $1000.00 |
$8,000.00 | $1,000.00 | |
| 61-72 Months | 7.14% |
$17.12
/ per $1000.00 |
$12,000.00 | $1,000.00 | |
| 73-84 Months | 7.64% |
$15.41
/ per $1000.00 |
$20,000.00 | $1,000.00 | |
| 85-120 Months | 9.64% |
$13.02
/ per $1000.00 |
$40,000.00 | $40,000.00 |
Browse Common Questions
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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.
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Your first payment will be due within 30 days from the date of your vehicle purchase.
Make Sure You're Covered
Get the coverage you need and the savings you deserve with auto insurance through PSECU Protect.
Skip the piecemeal plans and get all the vehicle protection you want in one place with auto warranty offerings through MPOWER+ Vehicle Protection offered by SWBC and EFG Companies.
Flexible terms + $300 cash bonus when you meet promo requirements
Achieve More with PSECU
More gimmes + less gotchas = modern digital banking. Become a member today, and let your money live in the 21st century.
*Based on June 2023 Auto Lender Summary from Experian.
**Not all products, coverages and discounts are available in every state. Restrictions, exclusions, limits and conditions apply.
Insurance products are offered by PSECU Protect, LLC an affiliate of Pennsylvania State Employees Credit Union (PSECU). Available insurance products are not deposits of Pennsylvania State Employees Credit Union and are not protected by any type of deposit insurance, are not obligations of or guaranteed by Pennsylvania State Employees Credit Union or its affiliates, and may be subject to risk. Insurance products are not insured or guaranteed by the National Credit Union Administration (NCUA) or any other agency of the United States. Any insurance required as a condition of the extension of credit by Pennsylvania State Employees Credit Union need not be purchased from our Agency, PSECU Protect, LLC, but may, without affecting the approval of the application for an extension of credit, be purchased from an agent or insurance company of the customer's choice.
***Products are offered through SWBC and administered by EFG Companies. SWBC and EFG are separate entities from and not affiliates of PSECU. PSECU has contracted with SWBC and EFG to make these products available to credit union members.
Coverage may vary by state. See contract for complete details. Coverage not available in all states.