FAQ Category: Vehicle
Which vehicles are eligible?
Cars, trucks, SUVs, and vans that are new or used (5 years old or newer).
Continue ReadingCan I refinance my current PDCU auto loan?
No. This offer is for loans refinanced from another lender or for new loans only.
Continue ReadingDo I have to close by a certain time?
Yes. Loans must close within 30 days of application to qualify for promotional terms.
Continue ReadingWill refinancing hurt my credit score?
We’ll run a hard credit inquiry during the application, which may have a small, temporary impact on your score.
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 commit.
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 sooner.
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 needed.
Continue ReadingHow does the payoff work?
Once approved, PDCU pays off your existing lender directly. You then make payments to PDCU under your new loan.
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 details.
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 proceed.
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 mind.
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 terms.
Continue ReadingDo I need to be a member to refinance with PDCU?
Yes. Membership is required and easy to open if you’re eligible.
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 finalize.
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 documents.
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