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2026 Auto Loan Special
Unlock a Rate as Low As 4.74%¹ APR* for up to 72 months
Whether you’re eyeing a brand-new set of wheels or considering the purchase of a used or pre-owned vehicle, People Driven Credit Union has a rate as low as 4.74%¹ APR* for up to 72 months.
We offer competitive auto loans tailored to your needs, including financing options for new cars, trucks, and SUVs and loans for used vehicles, classic cars, lease buyouts, refinances, dealership purchases, and private party purchases. With our quick decisions and financing options, you can hit the road quickly. (subject to credit approval and collateral value)
- Rates as Low As 4.74%¹ APR* for up to 72 months.
- Both new (5 years old or newer) or used (older than 5 years) cars are eligible.
- No payments for 90 days for current PDCU members approved for an auto loan.
¹Take advantage of a 0.25% discount when you enroll in autopay, already factored into the “as low as” rate. This discount applies to those who set up automatic payments from a People Driven Credit Union checking or savings account.
*APR = Annual Percentage Rate.
Why Choose a PDCU Auto Loan?
- Rates: Unlock a rate as low as 4.74%¹ APR* for up to 72 months, whether you purchase a new or used car, truck, or SUV.
- No Payments for 90 Days: No payments for 90 days for current PDCU members approved for an auto loan.
- Flexible Financing Options: We offer financing for a wide range of vehicles, including lease buyouts, refinancing, dealership purchases, and private party purchases for up to 96 months.
- Quick Decisions: Experience quick approval decisions that get you behind the wheel faster. (Subject to credit approval)
- 100% Financing: Enjoy the convenience of financing up to 100% of your vehicle’s cost. (Depending on collateral value)
See What Fits: Compare Auto Loan Rates & Terms
-
Auto loan rates for cars, trucks, SUVs, & vans five years old or newer:
Term
(Months)
≤36
37-48
49-60
61-72
73-84
96
APR*
as low as¹
4.74% 4.74% 4.74% 4.74% 5.24% 5.74% Rates Effective as of:
Compare your monthly auto loan payment vs. rates & terms for new cars:
36 Month Auto Loan:
4.74%48 month Auto Loan:
4.74%60 month Auto Loan:
4.74%72 month Auto Loan:
4.74%84 month Auto Loan:
5.24%96 month Auto Loan:
5.74% -
Auto loan rates for used cars, trucks, SUVs, & vans older than five years. Add 3.00% to the applicable rate on loans with collateral that is 10 years old or older.
Term
(Months)
≤36
37-48
49-60
61-72
73-84
96
APR*
as low as¹
4.74% 4.74% 4.74% 4.74% 5.24% 5.74% Rates Effective as of:
Compare your monthly auto loan payment vs. rates & terms for used cars:
36 Month Auto Loan:
4.74%48 month Auto Loan:
4.74%60 month Auto Loan:
4.74%72 month Auto Loan:
4.74%84 month Auto Loan:
5.24%96 month Auto Loan:
5.74%
Calculate Your Monthly Auto Loan Payment
Auto Loan Calculator Disclosure: This calculator is for educational and planning purposes only. Results are estimates based on the information you enter and do not guarantee loan approval, loan amount, rate, term, payment amount, or financing. Actual terms may vary based on creditworthiness, loan amount, loan term, vehicle age, collateral value, loan-to-value, and membership eligibility. APR = Annual Percentage Rate. Rates are subject to change. The “as low as” rate shown on this page includes a 0.25% autopay discount for eligible borrowers who set up automatic payments from a People Driven Credit Union checking or savings account. Interest begins accruing when the loan is disbursed, including during any approved no-payment period.
According to Consumer Reports®
“Choose a credit union for a car loan because those institutions often offer the lowest rates.” At People Driven Credit Union here in Michigan, we will custom-tailor the best-used car loan offer for you.
- Available on new or pre-owned cars
- Repayment options tailored for you
- Pre-approvals are valid for 30 days
- Save on a refinance even if you have just closed on a loan.
People Driven Credit Union is a full-service credit union with branches and ATMs that are easily accessible around Metro Detroit, Southeast Michigan, and areas including Livonia, Romeo, Southfield, Warren. People Driven Credit Union is a great option for auto loan financing in Michigan.
Can you get an Auto Loan with bad credit?
Absolutely. At People Driven Credit Union, we look beyond your credit score to find a solution that fits your unique needs, considering both your income and credit history.
If approved, you’ll receive funds deposited directly into your checking or savings account. Keep in mind that interest rates are determined by your credit rating.
Frequently Asked Questions
Our ¹Special Loan Rate Discount offers a 0.25% APR reduction when you set up automatic payments (AutoPay) for your loan from a People Driven Credit Union checking or savings account. This discount is already included in the “as low as” rate advertised.
To enroll in AutoPay and receive the discount, please call us at 248-263-4100. A representative will assist you in setting up monthly automatic withdrawals from your PDCU account.
Note: The discount is available only for eligible loans with AutoPay set up from a PDCU account. Terms and conditions may apply.
- New auto loans apply to brand-new cars, trucks, vans, and vehicles five years old or newer. They often have lower interest rates because new cars typically have better collateral value.
- Used auto loans apply to pre-owned vehicles older than five years; interest rates may be slightly higher since used cars have less value over time.
- Auto loans: These are for purchasing a new or used vehicle.
- Auto refinancing: You can replace your current auto loan with a new one, typically to get a lower interest rate or change the loan term.
To apply for an auto loan with People Driven Credit Union, you will need:
- A valid ID
- Proof of income (like pay stubs or tax returns)
- Employment information
- Vehicle details (if you’ve already chosen one - the VIN #)
- Proof of insurance
To check the status of your loan application, contact People Driven Credit Union at 248-263-4100 during business hours or reach out to your assigned loan specialist if you have their contact information. Be ready to verify your identity and share details such as your name, member number, or application number so we can review your application with you.
When you check your status, it is also a good idea to ask whether any additional documents or information are needed to keep your application moving. Review times can vary based on the loan type and the information required, so contacting us directly is the best way to get the most current update on your application.
Yes. People Driven Credit Union offers a Skip A Payment option for eligible loans during qualifying periods. If you qualify, you may be able to skip one loan payment per calendar year for a $35 processing fee.
Who may qualify
To be eligible, you must be a member in good standing, have no prior extensions in the current calendar year, and have the $35 fee available for withdrawal. Some loan types are excluded, including Fresh Start Auto Loans, Lines of Credit, Mortgages, Commercial Loans, and Credit Cards.
How to request it
You can request Skip A Payment through the MyPDCU app, through online banking, or by completing the Authorization Form and submitting it to a branch or mailing it to:
Skip-A-Payment
People Driven Credit Union
24333 Lahser Road
Southfield, MI 48033
Important to know
Finance charges will continue to accrue during the skipped month, and skipping a payment may extend the term of your loan. If you have automatic payments set up through PDCU or another financial institution, you will need to stop those payments for the skipped month and restart them afterward. Your request and fee must be received at least one business day before the payment is due.
Need help?
If you have questions about eligibility or how to request Skip A Payment, call 248-263-4100 or 844-700-7328 during business hours.
PDCU offers options for making your loan payment:
Online Banking (MyPDCU Portal & Mobile App)
Step 1: Log into the MyPDCU Online Portal or the MyPDCU mobile app.
Step 2: Select ‘Transfers.’
Step 3: Choose the account from which you want to transfer funds and the loan you wish to pay.
Debit/Credit Card Payments
Call (248) 263-4100 to make a payment using a debit or credit card.
Auto-Transfer Setup
Set up an automatic transfer from your People Driven account to make regular loan payments. You can also attach this auto-payment to your direct deposit. Call us at (248) 263-4100 or visit any of our five branches for assistance.
Payments from Other Financial Institutions
Set up an auto-payment from another financial institution. We’ll provide you with the necessary form to get started. Call us at (248) 263-4100 or stop by any branch.
Mail a Check
You can mail a check payable to People Driven Credit Union to:
24333 Lahser Rd
Southfield, MI 48033
Pay in Person
Make your loan payment in-person at any People Driven Credit Union branch location.
Need Help? We're Here.
Missing a payment or making a late payment can result in fees and damage to your credit score. If you're having trouble making a loan payment, don't hesitate to contact us. People Driven Credit Union is committed to assisting our members, and there are several ways we can help.
Skip-a-Payment
Eligible members can skip one loan payment on eligible loans per calendar year for a fee. Eligible loans include all except Fresh Start Auto Loans, PD Quick Cash Loans, Lines of Credit, Mortgages, Commercial Loans, and Credit Cards, which are excluded from the Skip-a-Payment program. Learn more about the Skip-a-Payment program.
GreenPath Financial Wellness
We have partnered with GreenPath Financial Wellness to help our members get back on track with their finances and credit. Call GreenPath at 877-337-3399 and let them know you're a PDCU member who would like to make an appointment with a representative.
Guaranteed Asset Protection Advantage (GAP) is an optional, non-insurance loan protection product that helps waive the difference between your insurance settlement and your remaining loan balance if your vehicle is declared a total loss. It may also cover your insurance deductible up to $1,000, if a deficiency balance remains, and can provide up to a $1,000 credit toward financing a replacement vehicle through the credit union.
One important note: GAP Advantage is not insurance. It is a separate, non-insurance loan protection product designed to help reduce what you may still owe after a total loss.
You can request GAP Insurance when you apply for and close an eligible vehicle loan with People Driven Credit Union. To get started, let your loan specialist know you want to add GAP coverage before your loan documents are finalized.
How to add GAP Insurance
Apply for an eligible vehicle loan with PDCU, ask about GAP Insurance during the loan process, and review the cost, coverage details, limits, and eligibility requirements before closing. You can learn more on our GAP Insurance page.
Can I add it after closing?
In some cases, availability after closing may depend on the status of your loan and when the request is made. Contact People Driven Credit Union to confirm whether GAP Insurance can still be added to your loan.
What GAP Insurance may help with
GAP Insurance may help reduce the difference between your loan balance and your vehicle’s value if your financed vehicle is declared a covered total loss. Coverage depends on the terms, limits, eligibility requirements, and exclusions that apply to your loan and protection plan.
Disclosures
**Certain limitations may apply. Please consult with a representative for further information. Loans are exclusively available for new and used cars, trucks, and SUVs. Membership with the Credit Union is mandatory for loan disbursement. For 30, 60, or 90-day no-payment loans, interest will commence accruing upon loan disbursement and will be spread out over the subsequent monthly payments.
*APR = Annual Percentage Rate: The actual APR and loan term is subject to approval and may be determined upon the borrower’s creditworthiness, the amount borrowed, and the type, value, age, and condition of the collateral offered to secure the loan (when applicable). Rates are effective as of today and are subject to change.
¹Special Loan Rate Discount: Benefit from a .25% reduction when enrolling in our autopay service, which is included in the “as low as” rate advertised. The discount is available to those who setup autopay of their monthly loan payment from a People Driven Credit Union checking or savings account.
People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727.
All other trademarks are the property of their respective owners.
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