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.
Drive into the New Year with 4.99% APR*
December 1, 2024 through March 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 (People Driven Credit Union loans are not eligible) - Loans must close within 30 days of application -
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.
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.
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
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.
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.
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
- 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 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.
- Call iTalk (telephone teller) at 844-700-7328 to make your payment. Select Option 2 to make a payment.
- To make a payment with a debit/credit card, call (248) 263-4100.
- 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.
- 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.
- You may also mail in a check payable to People Driven Credit Union, 24333 Lahser Rd, Southfield, MI 48033
- 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
You Might Also Be Interested In...
-
Gap Insurance
Guaranteed Asset Protection insurance covers the difference between the actual cash value of a vehicle and the balance still owed on the financing. Contact us to learn more!
-
Mechanical Breakdown Coverage
Don't let mechanical breakdowns kill your budget. Protect your finances with an affordable Mechanical Breakdown coverage. Contact us to learn more!
-
Member Reward Offers
We believe our members deserve to be rewarded, that is why PDCU rewards you for all types of activity.
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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.
*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.
