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 AutoSMART online to search for new and used vehicles, get quotes from local dealers, trade-in values and more.




The AutoSMART links on this page will cause you to leave the Patelco Credit Union website. Although Patelco works closely with many partners, third-party sites may offer a different privacy policy and level of security. Please consult the website's Privacy Policy for additional information. Patelco Credit Union does not legally represent the operator of this site or the Patelco member, should the two enter into a transaction. We are also not legally responsible for availability, viewpoints, products, or services offered or expressed on the site you are about to visit.
  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.
  • Patelco Auto Buying Service – Our industry experts can find, and in most cases, deliver your car in as little as 48 hours.
  • AutoSMART Online – search for new and used vehicles, get quotes from local dealers, trade-in values and more.
  • Mechanical Breakdown Insurance – Rest easy knowing you won't have to pay out-of-pocket for major repairs.
  • Auto Insurance – Compare 35+ major carriers to find the best coverage at the best price
  • Guaranteed Auto Protection (GAP) – GAP covers the difference between your car’s market value and what you owe in the event it's totaled or stolen.
  • Debt & Loan Protection – Borrow with confidence, knowing you can cancel your loan or put the payments on hold with no threat to your credit in case of job loss, disability, or other hardships.
  • Timely Repayment Incentive Program (TRIP) – If your auto loan is enrolled in TRIP and you make 12 consecutive, on-time monthly payments, you could be eligible for a loan rate reduction.




The AutoSMART links on this page will cause you to leave the Patelco Credit Union website. Although Patelco works closely with many partners, third-party sites may offer a different privacy policy and level of security. Please consult the website's Privacy Policy for additional information. Patelco Credit Union does not legally represent the operator of this site or the Patelco member, should the two enter into a transaction. We are also not legally responsible for availability, viewpoints, products, or services offered or expressed on the site you are about to visit.
  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.