Auto Loans
Preferred Credit Union is your source for a loan on your next vehicle. We offer very competitive loan rates and terms with a variety of financing options to best fit your needs.
- Low Monthly Payments
- Zero Payments for 90 days
- No Loan Processing Fees
- Online eSign Closing available
- Check out our Loan Rates
You never know what the future holds and accidents happen. Don’t forget to protect your investment with our protection options.
- GAP Advantage™
- Major Mechanical Protection (MMP)
To learn more Click Here
Drive4Less
Finance your vehicle with a program that combines the best feature of a conventional loan with the benefits of leasing. Drive4Less offers low monthly payments similar to a lease, plus the best part of conventional financing – actually owning the vehicle.
- New or Used Vehicles up to 5 years old
- Payments typically 30 to 40% lower than conventional financing
- No money down or hidden fees
- No early payoff penalty
- May return the vehicle and walk away at loan maturity
Refi Rewards
Refinance any non-Preferred Credit Union auto loan with us and pick your Refi Rewards of up to $500 cashback1 or 2% off your current rate2. Plus, no payments for 90 days. 3
Choose your Refi Rewards and start saving!
Refi Rewards: promotion applies to auto loans refinances of $5,000 or more. Refinances of existing Preferred Credit Union loans are not eligible for this promotion. All loans are subject to credit approval. Not all loans will qualify for this promotion. Other terms and restrictions may apply. May not be combined with other discounts or promotions. Promotion may change or end at any time, without notice or warning.
Members may choose one of the following Refi Reward Options: ¹ Cashback: 1% of the amount financed up to a maximum of $500, will be deposited to your account at loan closing. Loan must be funded within 30 days of approval. Any cashback promotional payment will be reflected on the 1099 tax form as required by law. ² Lower Rate: refinance your auto loans for up to 2% less than your existing auto loan interest rate, subject to a minimum rate as low as 5.49% APR (Annual Percentage Rate). Your rate is based on creditworthiness, age of vehicle and term of the loan. Sample monthly payment for a loan of $20,000 and a term of 75 months at 5.49% APR would be $315.67. ³ No Payment for 90 days: defer your first payment for 90 days. Interest will accrue from the date the loan is funded.
Equal Housing Lender | Federally insured by the NCUA
Preferred Start Auto Loan
Little to no credit? Preferred Start Auto Loan might be the loan for you!
- Loan Rebate Benefit of 1.50% APR
- Vehicle cannot be more than 10 years old and must have less than 100,000 miles
- Must have at least one year on the job (college/trade school or some line of work)
- Pre-Approved Visa Credit Card
- Free Financial Counseling
- Check out our Loan Rates
Program Requirements
- Active Checking Account and Debit Card
- Direct Deposit | E-Statements | E-Notices Required
- Valid Email and mailing address
