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.
“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
What will your monthly car payment be?
Financing a New or Used Car with PSECU
Our fast loan application process lets you choose your vehicle and get on the road.
- 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.
- You’ll receive your loan decision fast – often within minutes and usually the same day.
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.
Auto Loan Rates
|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 vehicle value for Refinance purchase types. 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|
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.