FAQ Category: ATV Loans
What is AutoPay?
AutoPay is a convenient service that automatically withdraws your loan payment each month from your People Driven Credit Union checking or savings account. It helps you stay on track, avoid late fees, and may even qualify you for our ¹Special Loan Rate Discount. To enroll in AutoPay, please call us at 248-263-4100 and a representative will assist you with setup.
Continue ReadingWhat’s the ¹Special Loan Rate Discount?
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 ...
Continue ReadingAre ATV loans available for both new and used vehicles?
Absolutely. We offer financing options for both new and pre-owned ATVs. Terms and rates may vary based on the vehicle’s condition and age.
Continue ReadingCan I get pre-approved for an ATV loan?
Yes, our pre-approval process lets you know your borrowing power before you start shopping for your perfect ATV.
Continue ReadingWhat types of ATVs can I finance?
Our ATV loans cover a variety of all-terrain vehicles designed to enhance your off-road adventures, including, ATVs, UTVs (Utility Task Vehicles), side-by-sides (sxs) four-wheelers, quad bikes, recreational off-highway vehicles (ROVs), and multipurpose off-highway utility vehicle (MOHUV). Have something in mind and wondering if PDCU will finance it? Call us as 248-463-4100.
Continue ReadingHow long does the approval process take?
Our application process often provides pre-approval decisions quickly, and final approval typically takes just a few days once all documentation is submitted.
Continue ReadingDo I get any benefits with autopay?
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.
Continue ReadingIs a down payment required?
A down payment may be needed, depending on your credit profile, the value of the vehicle or watercraft, and the specific loan structure. While not always required, a down payment can lower your monthly payments and the total amount of interest paid. Our representatives will guide you through the requirements. Call 248-263-4100 to speak with a PDCU loan officer.
Continue ReadingWhat loan terms are available?
Loan terms are flexible and can be tailored to fit your financial situation. At People Driven Credit Union, loan terms for recreational vehicles such as ATVs, motorcycles, boats, snowmobiles, and campers generally range from 12 to 180 months. Longer terms can lower monthly payments but may result in higher total interest paid.
Continue ReadingWhat interest rate can I expect?
Interest rates vary based on factors like your credit score, loan term, and the age of the vehicle or watercraft. People Driven Credit Union offers competitive rates to make financing accessible and affordable for our members. Call 248-263-4100 to speak with a PDCU loan officer about the loan rate you can expect.
Continue ReadingWhat recreational vehicles does PDCU finance?
People Driven Credit Union finances a wide range of recreational vehicles, including motorhomes, campers, boats, motorcycles, ATVs, and snowmobiles. Types of recreational vehicles we finance Eligible recreational vehicle financing may include motorhomes, fifth-wheel trailers, travel trailers, pop-up campers, motorcycles, boats, wave runners, jet skis, ATVs, and snowmobiles. Financing may be available for new purchases, used purchases, and refinances. What to ...
Continue ReadingHow do I check the status of my loan application?
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 ...
Continue ReadingDo you offer ‘skip a payment’?
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, ...
Continue ReadingHow do I make a loan Payment?
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 ...
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