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People Driven Credit Union

Car Loan

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Drive Your Dreams with a PDCU Auto Loan

Are you ready to hit the road in style with a new, used, or pre-owned vehicle in Michigan? At People Driven Credit Union (PDCU), we’re here to make your automotive dreams a reality. With our competitive auto loans, easy approval process, and exclusive promotions, there’s never been a better time to finance your next Michigan based vehicle.

Woman hugging her new car she just bought with an auto loan from People Driven Credit Union.

Drive into the New Year with 4.99% APR*

December 1, 2024 through May 31, 2025

Rates as low as 4.99% APR* for up to 72 months

For eligible new loans for cars, trucks, and SUVs (new or used) and loans refinanced from another lender.
- Loans must close within 30 days of application -

Drive into the New Year

Special Promotion: Drive Away with Extra Savings

Take advantage of our special promotion when you finance your vehicle with PDCU:

  • 90-Day Payment Deferral** Enjoy peace of mind with 90 days to your first payment.

Unlock a Rate as Low As

5.44%¹ APR*

Whether you’re eyeing a brand-new set of wheels or considering the purchase of a pre-owned vehicle, People Driven Credit Union has your back.

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 100% financing, you can hit the road quickly.

Don’t wait any longer – discover how much you could save and turn your automotive dreams into reality today. Terms stretch up to 96 months.

Apply Online

Looking to purchase an electric or hybrid vehicle?

Take advantage of our special loan offer at People Driven Credit Union! When you finance an EV or hybrid vehicle with us, we’ll include up to $1,000 in the loan amount to cover the cost of a home charging station. Drive green and power up conveniently with PDCU! Apply today to explore our low rates and flexible terms.

Apply Online

Why Choose a PDCU Auto Loan?

  • Low Rates: Unlock a rate as low as 5.44%¹ APR* – tailored to your financing needs, whether you purchase a new car, truck, or SUV or opt for a used vehicle.
  • Flexible Financing Options: We offer financing for a wide range of vehicles, including classic cars, lease buyouts, refinancing, dealership purchases, and private party purchases.
  • Quick Decisions: Experience quick approval decisions that get you behind the wheel faster.
  • 100% Financing: Enjoy the convenience of financing up to 100% of your vehicle’s cost.

Monthly Payment

Loan Amount
$
%
Term Months
Apply Now

Use of a calculator is not a guarantee of credit and is a estimate.

People Driven Credit Union Members save on the TruStage® Auto & Home Insurance Program

Designed for credit union members like you, the TruStage® Auto & Home Insurance Program provides affordable, top-quality protection. You could enjoy discounted rates combined with online convenience and 24/7 claims service.

Get your free quote online today or call 1-855-589-2146.*See disclosures below.

TruStage® Auto & Home Insurance Program

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.

Apply Online Today

Don’t wait any longer to turn your automotive aspirations into reality. Apply online for a PDCU Auto Loan and experience the benefits of rates as low as 5.44%¹ APR*, flexible terms, and exclusive promotions.

Discover how much you could save and start your journey here today in Michigan with PDCU.

Apply Online

 

Rates

Auto Loan Rates (for new vehicles)

Auto loan rates for new & 5 years or less used cars, trucks, SUVs, & vans:

Term


(Months)

≤36

37-48

49-60

61-72

APR*


as low as¹

 5.44% 6.50% 6.50% 6.85%

Auto Loan Rates (for used vehicles)

Auto loan rates for used cars, trucks, SUVs, & vans older than 5 years:

Term


(Months)

≤36

37-48

49-60

61-72

APR*


as low as¹

 5.94% 7.05% 7.05% 7.40%

 

Frequently Asked Questions

Yes, enrolling in autopay may qualify you for a rate discount, reducing the overall cost of your loan. Check with our team for current promotional details.
Your credit score plays a big role in determining your loan's interest rate and terms. Borrowers with higher credit scores typically qualify for lower interest rates, while those with lower credit scores may face higher rates.
  • 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.
An auto loan is a type of financing that allows you to borrow money to purchase a vehicle. The loan is secured by the vehicle itself, meaning the lender can repossess the vehicle if you fail to repay the loan.
Missing a payment can result in late fees and negatively affect your credit score. Repeated missed payments may lead to vehicle repossession. It’s important to contact People Driven Credit Union as soon as possible if you anticipate any issues making payments on your loan from PDCU.
A down payment isn’t always required, but it’s generally a smart move. Putting money down reduces the amount you’ll need to borrow, which can lower your monthly payments and reduce the total interest paid over the life of the loan. At People Driven Credit Union, we offer 100% financing for new cars (5 years old or newer). For used cars (older than 5 years), we’ll finance up to 80% of the vehicle's value (LTV).
  • 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.
Term lengths for auto loans from People Driven Credit Union range from 12 months (1 year) to 96 months (9 years). The longer the term, the lower your monthly payments, but you may pay more in interest over the life of the loan.

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
Yes, People Driven Credit Union offers pre-approval for auto loans. Pre-approval helps you understand how much you can afford and can give you leverage when negotiating with dealers.
People Driven Credit Union members can pay off an auto loan anytime with no penalty.
The amount you can borrow depends on several factors, including your credit score, income, debt-to-income ratio, and the age and value of the vehicle. People Driven Credit Union will typically fund a percentage of the vehicle’s value.
People Driven finances motor homes, campers, boats, motorcycles, ATVs and snowmobiles!
You may give us a call at 248-263-4100 to speak with the loan department.
Yes! All eligible loans can be skipped once per calendar year for a fee of $35. To learn more about how it works, visit our Skip-a-Payment page. Please note that Fresh Start Auto Loans, PD Quick Cash Loans, Lines of Credit, Mortgages, Commercial Loans, and Credit Cards are excluded.
  1. To make a payment via online banking with funds already in your account, login to the MyPDCU Online Portal or use the MyPDCU app, and select 'transfers'. Select where you want to transfer from and which loan you would transfer to.
  2. Call iTalk (telephone teller) at 844-700-7328 to make your payment. Select Option 2 to make a payment.
  3. To make a payment with a debit/credit card, call (248) 263-4100.
  4. Set up an auto-transfer from your People Driven account or attach an auto payment to your direct deposit that comes into your account. Give us a call at (248) 263-4100 or stop by any of our five branches.
  5. Have us set up an auto-payment from your other financial institution. Please call us at (248) 263-4100, and we can send you the proper form, or you may stop by any of our five branches.
  6. You may also mail in a check payable to People Driven Credit Union, 24333 Lahser Rd, Southfield, MI 48033
GAP (Guaranteed Asset Protection) insurance covers the difference between the cash value of your vehicle and the balance owing if the car is deemed a total loss, up to 150% LTV. GAP is a $575 one-time fee that can be rolled into the loan or paid in cash. GAP also provides a $1000 credit towards the next vehicle you finance through PDCU and unlimited auto deductible claims for up to five years, up to $500 per claim for any vehicle you own and insure.
  • Covers the difference between the outstanding loan balance and the actual value (determined by the insurance company) of the auto up to the max LTV.
  • Covers total loss AND unrecovered theft
  • May cover up to $1000 of the deductible if there is a gap after the insurance pays
GAP (Guaranteed Asset Protection) insurance is offered during the auto loan process.  Please call us at (248) 263-4100 for more information.

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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.

Payment Example: Monthly payments of $19.57 for each $1,000 borrowed at 6.50%¹ APR* for 60 months.

*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.

Membership Requirement:

All accounts and loans require membership at People Driven Credit Union. Membership is available to individuals who live, work, worship, or attend school in the State of Michigan, as well as relatives of current members. To complete an application for any account or loan, you will need the following information:
  • A valid Driver's License, State ID, or Passport with your current address
  • Your Social Security Number
A Membership Share Savings Account is required to establish membership at People Driven Credit Union. Your $5 deposit into this account secures your share in the credit union, giving you access to our full range of services and benefits. The Annual Percentage Yield (APY) for this account is 0.01%, and the minimum deposit is $5.00.

E H L. People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727
All other trademarks are the property of their respective owners.