What documentation will I need?
You’ll generally need proof of income, a look at your credit history, and details about the watercraft you wish to finance. Our team is here to help every step of the way. For more information or personalized assistance, please contact a People Driven...
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...
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...
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...
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...
Continue ReadingAre these loans available for both new and used watercraft?
Yes, PDCU finances both new and pre-owned watercraft. Rates and terms may differ, so our team can help you find the best option based on your...
Continue ReadingCan I get pre-approved for a boat loan?
Absolutely. Our pre-approval process gives you a clear idea of your borrowing power before you start shopping, simplifying your purchasing...
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...
Continue ReadingWhat types of watercraft can I finance?
You can finance a variety of recreational watercraft, including boats, jet skis, and wave runners. If it floats, People Driven Credit Union can probably finance...
Continue ReadingDo you offer ‘skip a payment’?
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,...
Continue Reading
