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 05/22/2019 10:52 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 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
Rated 5 out of 5 by from Thumbs up I’ve owned cars for 7 years without getting a loan and PSECU was my first financing experience. I didn’t know that it can be this easy! I applied for a loan, got the approval within about 2 minutes, and the check was in the mail in about 3 days. Even when I had an issue with the first check, the staff was very helpful in resolving my issue and providing another option. I will definitely consider PSECU when looking for future loans.
Date published: 2019-01-30
Rated 1 out of 5 by from PSECU is not always the best choice for auto loans PSECU stopped payment on my dealers check after I had taken delivery of the vehicle because of their program limitations. Trying to resolve the issue was frustrating because you can't visit a branch or reach a member of management through the 1-800 number. Final resolution took too long, created embarrassment and resulted in a lot of unanticipated costs for me. Extremely disappointed after having such a long and successful relationship with the credit union.
Date published: 2019-01-24
Rated 1 out of 5 by from not explained Make sure you have the process EXPLAINED to you that when you are approved for a certain amount that that amount DOES NOT INCLUDE TAXES , FEES that are normally included in a car loan purchase. If the total amount needed is greater than what PSECU considers as the cars value, they increase your interest rate by 2% when you are quoted 3.49. Very frustrating rule
Date published: 2018-12-18
Rated 5 out of 5 by from Never Lets me Down I have borrowed from PSECU several times and it is the only place to borrow and not be crushed with high interest rates. They also feature a great customer support center. I am usually very happy with how quick they approve the loans.
Date published: 2018-11-20
Rated 3 out of 5 by from Long Time Customers My husband and I have been members of PSECU for about 25 years. We have done all of our banking through PSECU. We recently took out a loan for a motorcycle that we thought was under the 100% value to borrow. When the paperwork came the interest rate was 2% higher than original rate. When I called I was told it was because the vehicle value was over 100% of the loan. My complaint is that we got the paperwork and signed everything and then realized the interest rate was different. When I called I was told that the value of the motorcycle was over 100% of the loan. Don't you think that after being a customer of 25 plus years that PSECU would give you a courtesy call and tell you that the interest rate is going to be 2% higher than you originally thought? Nope - now I have to wait until I pay down the loan below 100% of the value and refinance it for $1,000 more! Absolutely ridiculous. I have always been a big fan of PSECU but this whole experience has been terrible. Very disappointed that loyal customers are just treated like a number!
Date published: 2018-10-23
Rated 5 out of 5 by from excellent I have been a member for a long time. I feel PSECU has always been fair. Do not expect like some below that the world does not have rules when you do not pay your auto loan. Expect to pay any auto loan on time. If you are a college grad like some below with no credit history, maybe try a much cheaper vehicle as your first vehicle. Your parents are more than welcome to co sign on your loan if not. wink wink. Especially since they are willing to write a review instead of letting a college graduate do it themselves. lol I have had two vehicles loans through PSECU and 3 personal loans. They have always been great with my needs since I was 18.
Date published: 2018-10-09
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