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 4.7 out of 5 by 440.
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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. Your preapproval is valid for 60 days.

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. You can request your AutoDraft anytime during that 60-day period. 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 haven’t requested your AutoDraft or AutoCheck within 60 days after your loan approval, you’ll need to reapply.

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 06/2/2020 8:15 PM EDT
Term APR* Description
1-36 Months 2.49% New / Used Auto
37-60 Months 3.24% New / Used Auto
61-84 Months 3.24% New / Used Auto
85-120 Months 7.74% 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. 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. PSECU makes all final decisions regarding vehicle value and proper rate. Loan rates are subject to change. 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. 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. PSECU makes all final decisions regarding vehicle value and proper rate. Loan rates are subject to change. 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. 

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. 
*Based on the Auto Lender Summary from Experian
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
Rated 3 out of 5 by from Paying loan off early Their service is pretty good but if you try to pay off your loan early it's a pain. They won't accept electronic money transfers over 1500.00 dollars. So it's either drop a check in the mail (oh yes, let me drop a check in the mail for thousands of dollars and pray they get it) Or jump through their "shares" system. Not happy.
Date published: 2020-02-25
Rated 5 out of 5 by from easy, excellent rates I have financed 4 vehicles over the last 14 years. The loan process has been smooth and the rates great. I am extremely happy with the services and plan to use them again
Date published: 2020-02-16
Rated 1 out of 5 by from miserable experience When applying for this loan the bank was unorganized, sending misinformation and taking over 2 weeks to process the request. Insead of transferring the loan into an aux account they insisted on sending a check. The check was sent in the mail according to the banks records, has spent over a week in transit. No tracking number? (really?) Now they are asking to reapply? They even suggested that I use the autos loan service instead!! What a total disaster!!!
Date published: 2020-02-15
Rated 4 out of 5 by from Great Experience The application process was very fast, even with some chit chat and questions, we were done in less than 10 minutes. Additionally it was hassle free, no additional documentation or waiting needed. To top it off, the rates are much better than what I was offered elsewhere. I immediately recommended a family member to not only become a member but to also get a loan through PSECU!
Date published: 2020-02-06
Rated 1 out of 5 by from Horrible experience Application took forever, I had to call over 10 times to get the correct paperwork sent to me. I sent my title to the collateral dept. about a month ago and now I just received a notice that I need to order and pay for a duplicate title. Never again!
Date published: 2020-01-28
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