Auto Equity Loan

Looking to buy a car? As a California homeowner, you can use your home and vehicle as collateral and get the same low rates and terms as with our standard auto loan.



Rates as low as 1.99% APR1 Calculate my payment > Apply or get Pre-Approved

Drive your savings home with a low-rate Patelco Auto Loan.

This unique option for California homeowners lets you use your home as collateral for your new, used or refinanced loan - at the same low rates as our regular auto loans. Ask your tax advisor for details on whether the interest you pay my be tax deductible. More advantages of financing with us include:

  • Same low rates for new and used vehicles
  • Affordable repayment terms up to 84 months
  • Ability to buy from a dealer, private party, or even buy out a lease
  • Rate savings by refinancing auto loans from other financial institutions
  • Access to our network of research tools with CUDL/AutoSMART our free online car-shopping tool




  1. APR (Annual Percentage Rate). Auto rates as low as 1.99% APR (floor rate) effective 3/31/2015 require Automatic Transfer Payment from a Patelco Checking Account, otherwise rate is .50% (50 basis points) higher; subject to change without notice. Patelco offers a range of base rates and discounts that depend on factors such as credit history, loan term, purchase channel, Patelco account and loan balances, program designation, vehicle age, and payment type. Actual rates are disclosed to approved applicants in writing prior to loan consummation and may be as high as 12.99% APR. Regardless of discount qualifications, no approved applicant’s rate will be lower than the then-current floor rate. To learn more about rates, terms and available discounts, call 800.358.8228, visit patelco.org, or visit any Patelco branch. Loan payment example: $14.75 per month for each $1,000 borrowed at 1.99% APR for 72 months.

With these added discounts and services, you can get even more from your Patelco Auto Loan:

To receive the lowest rate possible, take advantage of the following discounts:

  • Make Automatic Payments = .50% rate discount
    When you fund your loan with Patelco at a branch or through a dealership, set up automatic payments from your Patelco checking account and you’ll never be late or forget to make your payment. Discount only available if automatic payments are set up before first payment is due.
  • Become a Commitment Household Member = .10% rate discount
    Our most active, dedicated members receive several exclusive discounts and special offers. If you’re not already enjoying these benefits, find out what it takes to become a Commitment Household Member.
  • Buy a vehicle at a Patelco Car Sale = .25% rate discount
    Throughout the year, Patelco holds special car sale events at various locations like our headquarters, fairgrounds, and dealerships.
  • Buy a vehicle through Enterprise Car Sales = 1.00% rate discount
    Patelco partners with Enterprise Car Sales to bring you big savings on pre-owned vehicles and former rentals.


  1. APR (Annual Percentage Rate). Auto rates as low as 1.99% APR (floor rate) effective 3/31/2015 require Automatic Transfer Payment from a Patelco Checking Account, otherwise rate is .50% (50 basis points) higher; subject to change without notice. Patelco offers a range of base rates and discounts that depend on factors such as credit history, loan term, purchase channel, Patelco account and loan balances, program designation, vehicle age, and payment type. Actual rates are disclosed to approved applicants in writing prior to loan consummation and may be as high as 12.99% APR. Regardless of discount qualifications, no approved applicant’s rate will be lower than the then-current floor rate. To learn more about rates, terms and available discounts, call 800.358.8228, visit patelco.org, or visit any Patelco branch. Loan payment example: $14.75 per month for each $1,000 borrowed at 1.99% APR for 72 months.