How 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 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 ReadingCan I pay off my motorcycle loan early?
People Driven Credit Union allows early payoff without penalties, but it’s important to check your loan agreement for any prepayment...
Continue ReadingIs motorcycle insurance required for a loan?
Yes, People Driven Credit Union requires full coverage insurance to protect the investment in the...
Continue ReadingWhat happens if I miss a payment?
Missing a payment can result in late fees, damage to your credit score, and potentially loan default. Contact your lender immediately if you anticipate difficulty making a...
Continue ReadingCan I finance a used motorcycle?
Yes, financing is available from People Driven Credit Union for both new and used motorcycles. Keep in mind that interest rates might be higher for used...
Continue ReadingDo I need a down payment for a motorcycle loan?
While not always required, a down payment can lower your monthly payments and the total amount of interest paid. Some lenders may require a down payment based on your credit...
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