1 Used Auto rates starting at 6.29% APR effective 12/06/2024; 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. Additional discounts may apply. Vehicle mileage greater than 100k will include an additional .50% added to rate. Actual rates are disclosed to approved applicants in writing prior to loan consummation and may be as high as 17.99% 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.
Used Auto loan payment examples: 0‑48 months: $23.68 per month per $1000 borrowed at 6.29% APR for 48 months; 49‑66 months: $18.01 per month per $1000 borrowed at 6.29% APR for 66 months; 67‑72 months: $16.85 per month per $1000 borrowed at 6.49% APR for 72 months; 73‑84 months: $15.11 per month per $1000 borrowed at 6..94% APR for 84 months.
2 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.
3 Auto loan rate is valid 15 days from your loan approval date. Any change to term and/or vehicle information, credit history, account relationship, and Patelco promotional discounts or programs may result in a rate change. Your final rate will be disclosed to you in writing.
4 LevelUp is offered to members who are approved for the following loans at Patelco’s credit tier 2 or higher: auto, motorcycle, RV, boat, and personal loans, excluding all lines of credit. Total discount of up to 1.50% APR (Annual Percentage Rate) applied in 0.50% APR increments for every 12 consecutive on-time monthly payments. Maximum discount will never cause the final APR to be lower than the LevelUp floor rate for the specific loan and term at time of funding. Monthly payment amount remains constant, with additional money going toward principal, which shortens the term of the loan and the total amount paid over the life of the loan.
5 Patelco runs a “soft” credit pull to determine which pre-qualification offer you qualify for. This doesn’t affect your credit score. If you choose to proceed with a loan application, Patelco will request your full credit report from one or more credit reporting agencies. This will be a “hard” pull and may affect your credit. If necessary, we may also share certain information about you with third parties, like our insurers, to process your request.
