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 422.
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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 07/19/2019 11:03 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 4 out of 5 by from Website Changes What happened to the repayment calculator for each type of loan on your website. Miss this feature greatly.
Date published: 2018-09-18
Rated 1 out of 5 by from Unforgiving Unfortunately I came across a bad point in my financial situation, I missed 1 car payment. Made 51 payments on time. My current vehicle now needs work and will cost more than the car itself is worth. Because I missed one payment they have refused to help me to purchase a new vehicle. When I am in absolute need of a loan and it’s bad timing, they do not personally care or take into consideration your situation. I paid my dues and I am back on track but it still does not matter. I’ve had my car loan with PSECU since Feb 2015 never had any issues until last month. Sometimes we fall on hard times unfortunately they do not see it that way. Sadly I couldn’t be more disappointed in their decisions. And even more sad is this review isn’t going to change anything or my bad situation I’m in, just let’s others know they are not willing to really help in your time of need depending on your situation. If I do not have a car, I can’t work, If I don’t work, I can’t make make money, no money=no car payment.... I guess they’re covered no matter what, but for me I am the unfortunate one this round.
Date published: 2018-07-09
Rated 5 out of 5 by from Wonderful Service My application approval was very timely! Great service!
Date published: 2018-07-04
Rated 5 out of 5 by from Auto Loan: Becoming a member of PSECU was a smart decision for me and my family. Applying for an Auto Loan and getting approved was a snap! Awesome service! Thank you PSECU!
Date published: 2018-06-27
Rated 5 out of 5 by from Great bank to work with. Customer service is always helpful, knowledgeable, and polite.
Date published: 2018-06-27
Rated 4 out of 5 by from Easy to use PSECU is easy to work with- on the phone and on line
Date published: 2018-06-27
Rated 1 out of 5 by from Awful My daughter could not get approved for 5000 auto loan. Recent college grad, just got her first job offer. has been a member of PSECU since she was one. Turned down because of no credit history!!!
Date published: 2018-06-21
Rated 5 out of 5 by from ACCEPTED ME AS FIRST TIME CAR BUYER & SECOND First time car buyer got accepted which was awesome. Paid the loan off within a year applied again was approved. Very easy process had a hick up getting check overnighted but they made it right and got it in time. Other than that i have no issues with them. Plan on referring a family member soon , hopefully they will be just as great with them.
Date published: 2018-06-11
Rated 5 out of 5 by from Excellent product and easy application services This product is absolutely the best in the market. I owed so much money to the original loan company, when PSECU approved my car loan I saved about $18,000 instantly. I only owed about 18 months of the loan PSECU gave me. I saved tons of money. Also, they can take directly out of my pay check every two weeks which is awesome! I don't have to worry about sending the payment. They take care of everything. I wish I can do the same with home mortgage. The best company ever!
Date published: 2018-06-11
Rated 5 out of 5 by from Great Loan Rate and Superior Service As busy professionals, my wife and I appreciated the ease of loan application and the speed of approval. PSECU was a natural choice for us as we did our research for lending agencies and rates. PSECU had the best rates. That coupled with your great reputation made our choice easy.
Date published: 2018-06-06
Rated 5 out of 5 by from Wife loves her new car! This product is great because I got a great interest rate, and making the payments is easier because I do my banking with PSECU. No more checks to write, nor payments to mail in. The process (refinancing) was nearly effortless, too.
Date published: 2018-06-03
Rated 5 out of 5 by from Great product Loan approval was quick and easy to use. Rates were very competive
Date published: 2018-05-31
Rated 5 out of 5 by from Amazing PSECU offers highly competitive rates and very flexible in payment options, including my favorite - Payroll Deduction - so the loan is paid the second my paycheck clears, giving more peace of mind that it'll never be missed or late. Have been a member for 5+ years and recommend to anyone. They also offer other loan services at competitive rates as well as different share options. Customer support is always courteous and very understanding. Website and mobile app are both simple enough to use, albeit more things should be able to be done digitally vs calling.
Date published: 2018-05-16
Rated 5 out of 5 by from great financial institution Have been a member for over 20 years they are always currant and up to date with security online and mobile apps. Very quick service over the phone for mortgages auto loans and checking card services. Great rates on all borrowing needs. Thank You! Gerry
Date published: 2018-05-15
Rated 5 out of 5 by from Love PSEU Car Loans I've been a member of PSECU for a while now but it was't until the last year that we booked our first auto loan through PSECU. The application process was easy but my favorite part is the payment options for the loan. It's so convent transferring and seeing it with my other accounts I would have gladly paid more in interest with my previous car loans just for the convince of paying online the way this account is setup. My last car loan the bank took 2 weeks each month to case the check which is absurd this day in age. Never again. I highly recommend!!
Date published: 2018-05-11
Rated 5 out of 5 by from Great this product is great because it is a very user-friendly app
Date published: 2018-05-04
Rated 5 out of 5 by from Loan experience PSECU was a secondary institution for me. My primary institution for the last 20 years made me jump through hoops for 2 weeks to ultimately deny my loan request. Made a call to PSECU and within 5 minutes I was approved. Thank you PSECU for making this process so easy. You wil now be my primary institution.
Date published: 2018-05-03
Rated 5 out of 5 by from Vehicle loans Auto loans are very convenient from the application and approval processes to the term limits of the loans
Date published: 2018-05-02
Rated 5 out of 5 by from Great Source for Car Loans The rate was very competitive, the terms were easy, and PSECU was quick to send the title once I paid off the balance.
Date published: 2018-04-25
Rated 5 out of 5 by from HELOC Quick and easy Very client friendly I am so pleased with the whole process Thank You
Date published: 2018-04-24
Rated 5 out of 5 by from Loan Process Easy Our original auto loan was with another competitor, but we were able to transfer it to PSECU, because of the 90 days time frame of the new auto purchase. The rate with PSECU was over 1% lower. We love the auto-payment withdraws. Thank you
Date published: 2018-04-24
Rated 1 out of 5 by from Disappointed 19 year member Had 3 auto loans with PSECU before and paid off with on time payments.Ok, credit, but cosigner on anpther car loan that borrower was late on. Got denied with PSECU but approved by others. Like PSECU rates and past service, now going to switch.
Date published: 2018-03-28
Rated 5 out of 5 by from A Powerful Tool for Vehicle Purchases This service is incredible and relieves a tremendous amount of stress when dealing with your dealer of choice. I can say that I enjoyed being able to shut down the high pressure sales manager who insisted on knowing how much I could afford or what I wanted my payment to be sort of questions. It puts the buyer in position of power and .... quite literally the driver's seat.
Date published: 2018-01-30
Rated 5 out of 5 by from Great Product and Process. 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.
Date published: 2018-01-04
Rated 5 out of 5 by from Great Rates Smooth and easy process....I love the discount/lower rate with auto-withdrawal.
Date published: 2018-01-04
Rated 5 out of 5 by from PSECU Used Vehicle Loan Fast, convenient, low interest loans. I have been buying my vehicles with PSECU's auto loans for many years. Wouldn't go anywhere else!
Date published: 2018-01-03
Rated 5 out of 5 by from Correction officer Great place for loan and very nice people that work there
Date published: 2018-01-01
Rated 5 out of 5 by from Auto Draft Exceptional friendly & fast service. Knowledgeable & very professional easy process.
Date published: 2017-12-31
Rated 5 out of 5 by from Fantastic service Easy communication and proper service made it a fast loan. Payments are simple and easy to do.
Date published: 2017-12-30
Rated 5 out of 5 by from Getting a loan from PSECU The officers are very helpful and responsive the questions.
Date published: 2017-12-29
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