Auto Loan - Patelco Credit Union

At Patelco, great rates come standard. After all, saving money monthly is part of our partnership in your long-term financial health. Whether you’re in the market for a new car, recently purchased from a dealership, or looking to save by refinancing the vehicle you already own, we’ve got you covered.

Rates starting at 6.64% APR¹
Affordable terms up to 84 months
Flexibility to make no car payments for up to 90 days²
On average, members save nearly $1,800 over the life of the loan switching to Patelco³

Shop for a new, used, or refi auto loan.

Know how much you can afford and get immediate financing. Whether you’re heading to the dealer or buying from a private party, you’ll be prepared to make your next purchase with confidence.

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1. APR (Annual Percentage Rate) Auto rates starting at 6.64% APR effective 10/27/2023; subject to change without notice. Patelco offers a range of base rates and discounts that depend on factors such as credit history, loan term, Patelco account relationship, vehicle mileage, amount financed and vehicle age. Vehicle mileage greater than 100k will include an additional .50% added to rate. Additional discounts may apply. Actual rates are disclosed to approved applicants in writing prior to loan consummation and may be as high as 11.85% APR. To learn more about rates, terms, and exclusive discounts for members, such as Commitment Household, call 800.358.8228 or visit any Patelco branch.

New Auto loan payment examples: 0‑48 months: $23.84 per month per $1000 borrowed at 6.64% APR for 48 months; 49‑66 months: $18.20 per month per $1000 borrowed at 6.69% APR for 66 months; 67‑72 months: $17.00 per month per $1000 borrowed at 6.79% APR for 72 months; 73‑84 months: $15.26 per month per $1000 borrowed at 7.24% APR for 84 months.

Used Auto loan payment examples: 0‑48 months: $23.96 per month per $1000 borrowed at 6.89% APR for 48 months; 49‑66 months: $18.33 per month per $1000 borrowed at 6.94% APR for 66 months; 67‑72 months: $17.12 per month per $1000 borrowed at 7.04% APR for 72 months; 73‑84 months: $15.39 per month per $1000 borrowed at 7.49% APR for 84 months.

2. At closing, you have the option to select up to 90 days of deferred loan payments on your new or used auto loan. The actual number of days will depend on the terms of the loan. Interest will accrue on your auto loan beginning on the date the loan is funded and the first payment will be applied to interest accrued from the date the loan is funded to the first payment date and then to principal due.

3. Source: Datatrac, NCUA, and CUNA. The study was completed by the Credit Union National Association (CUNA) year ending 2021. CUNA estimates that financing a $30,000 new automobile for 60 months at Patelco will save members an average of $1,780 over five years, or $356 each year, as compared to what they would pay at another banking institution in California. Member results may vary. Subject to approval.

Drive off with savings