FAQ Category: Vehicle
Will refinancing hurt my credit score?
We’ll run a hard credit inquiry during the application, which may have a small, temporary impact on your...
Continue ReadingHow much could I save by refinancing?
Savings depend on your new rate, term, and remaining balance. Many members save by lowering their APR, shortening the term, or both. We’re happy to run the numbers for you before you...
Continue ReadingCan I change my term length?
Yes. You can choose a term (up to 96 months) that fits your budget and goals—either lowering your payment or paying off...
Continue ReadingWhat documents will I need?
A valid ID and SSN, proof of income, your current loan statement/10-day payoff, and vehicle info (VIN, mileage, year/make/model). We’ll let you know if anything else is...
Continue ReadingHow does the payoff work?
Once approved, PDCU pays off your existing lender directly. You then make payments to PDCU under your new...
Continue ReadingCan I refinance a leased vehicle?
You generally can’t “refinance” a lease, but we can often help you finance a lease buyout if you’re purchasing the vehicle. Ask us for...
Continue ReadingAre there fees when you refinance a car?
State title/registration fees may apply, and any applicable loan fees will be disclosed upfront. We’ll provide a clear cost summary before you...
Continue ReadingCan I add GAP or protection plans when I refinance?
Yes. You can add GAP (Guaranteed Asset Protection) and Mechanical Breakdown Coverage during the refinance for added peace of...
Continue ReadingHow long does the refinance process take?
Many applications are reviewed quickly. Timing can vary based on documentation and title work, but remember: closing must occur within 30 days of application to retain promotional...
Continue ReadingDo I need to be a member to refinance with PDCU?
Yes. Membership is required and easy to open if you’re...
Continue ReadingHow do I get started refinancing my car?
Apply online, visit any branch, or call (248) 263-4100. We’ll review your options and estimate savings before you...
Continue ReadingHow do I set up Direct Deposit?
Give your employer PDCU’s routing number #272484988 and your account number. You can find your account number in Online Banking or on your membership...
Continue ReadingWhat 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...
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...
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...
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