First-Time Buyer Loan

The road to solid credit starts with your first car.

Financing your first set of wheels not only gets you moving, it’s also a smart way to start building credit. With low rates, flexible repayment terms, and a low down payment, our First-Time Buyer Loan will make it as affordable as possible for you to buy your car – You could possibly even qualify for a Patelco credit card!

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Have your car in as little as 48 hours!

Get pre-approved now and go to a dealership or private party ready to buy. Or use the free Patelco Auto Buying Service, and we’ll find your car, do all the negotiating for you, and in most cases deliver it right to you within 48 hours, paperwork in hand.2 With over 25 years of industry experience, our auto buying experts can give you advice, work with dealers directly on your behalf, and more. Plus, you’ll even get a .25% discount on your Patelco Auto Loan. Or if you’d prefer to find it yourself, we’re happy to help every step of the way.

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Why Patelco’s First Time Buyer Loan Loan Requirements:
  • Ideal way to establish credit
  • Flexible repayment terms
  • Low down payment
  • Free Auto Buying Service
  • Free online search and research tools through AutoSMART

    The amount of your loan will be based on your annual income, credit history and other factors. A qualified co-signer may be needed. Some requirements include:

  • Driver’s license
  • Proof of auto insurance coverage
  • Proof of income
  1. APR (Annual Percentage Rate). Auto rates as low as 1.99% APR (floor rate) effective 05/09/2013; 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, vehicle age and fuel efficiency. Actual rates are disclosed to approved applicants in writing prior to loan consummation and may be as high as 17.69% 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, or visit any Patelco branch. Loan payment example: $17.53 per month for each $1,000 borrowed at 1.99% APR for 60 months.
  2. Patelco Auto Buying Service provided by Member’s Advantage Plus, a California licensed dealer. Available for California residents only. All new cars arranged for sale are subject to price and availability from the selling franchised new car dealer. Standard credit guidelines apply for lending.