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2026 Auto Loan Special
Unlock a Rate as Low As 5.24%¹ APR* for up to 72 months
Whether you’re eyeing a brand-new set of wheels or considering the purchase of a used or pre-owned vehicle, People Driven Credit Union has a rate as low as 5.24%¹ APR* for up to 72 months.
We offer competitive auto loans tailored to your needs, including financing options for new cars, trucks, and SUVs and loans for used vehicles, classic cars, lease buyouts, refinances, dealership purchases, and private party purchases. With our quick decisions and financing options, you can hit the road quickly. (subject to credit approval and collateral value)
- Rates as Low As 5.24%¹ APR* for up to 72 months.
- Both new (5 years old or newer) or used (older than 5 years) cars are eligible.
- No payments for 90 days for current PDCU members approved for an auto loan.
Why Choose a PDCU Auto Loan?
- Rates: Unlock a rate as low as 5.24%¹ APR* for up to 72 months, whether you purchase a new or used car, truck, or SUV.
- No Payments for 90 Days: No payments for 90 days for current PDCU members approved for an auto loan.
- Flexible Financing Options: We offer financing for a wide range of vehicles, including lease buyouts, refinancing, dealership purchases, and private party purchases for up to 96 months.
- Quick Decisions: Experience quick approval decisions that get you behind the wheel faster. (Subject to credit approval)
- 100% Financing: Enjoy the convenience of financing up to 100% of your vehicle’s cost. (Depending on collateral value)
See What Fits: Compare Auto Loan Rates & Terms
-
Auto loan rates for current model year cars, trucks, SUVs, & vans:
Term
(Months)
≤36
37-48
49-60
61-72
APR*
as low as¹
5.24% 5.24% 5.24% 5.24% Rates Effective as of:
5.24% -
Auto loan rates for used cars, trucks, SUVs, & vans older than one model year. Add 3.00% to the applicable rate on loans with collateral that is 10 years old or older.
Term
(Months)
≤36
37-48
49-60
61-72
APR*
as low as¹
5.24% 5.24% 5.24% 5.24% Rates Effective as of:
5.24%
Calculate Your Monthly Auto Loan Payment
Monthly Payment
People Driven Credit Union Members Save on TruStage™ Insurance Programs
Designed for credit union members like you, TruStage™ Insurance Programs provide affordable, top-quality protection. You could enjoy discounted rates combined with online convenience and 24/7 claims service.
Get your free quote online today or call 1-855-589-2146.*See disclosures below.
According to Consumer Reports®
“Choose a credit union for a car loan because those institutions often offer the lowest rates.” At People Driven Credit Union here in Michigan, we will custom-tailor the best-used car loan offer for you.
- Available on new or pre-owned cars
- Repayment options tailored for you
- Pre-approvals are valid for 30 days
- Save on a refinance even if you have just closed on a loan.
People Driven Credit Union is a full-service credit union with branches and ATMs that are easily accessible around Metro Detroit, Southeast Michigan, and areas including Livonia, Romeo, Southfield, Warren. People Driven Credit Union is a great option for auto loan financing in Michigan.
Can you get a Auto Loan with bad credit?
Absolutely. At People Driven Credit Union, we look beyond your credit score to find a solution that fits your unique needs, considering both your income and credit history.
If approved, you’ll receive funds deposited directly into your checking or savings account. Keep in mind that interest rates are determined by your credit rating.
Frequently Asked Questions
- New auto loans apply to brand-new cars, trucks, vans, and vehicles five years old or newer. They often have lower interest rates because new cars typically have better collateral value.
- Used auto loans apply to pre-owned vehicles older than five years; interest rates may be slightly higher since used cars have less value over time.
- Auto loans: These are for purchasing a new or used vehicle.
- Auto refinancing: You can replace your current auto loan with a new one, typically to get a lower interest rate or change the loan term.
To apply for an auto loan with People Driven Credit Union, you will need:
- A valid ID
- Proof of income (like pay stubs or tax returns)
- Employment information
- Vehicle details (if you’ve already chosen one - the VIN #)
- Proof of insurance
How to check the status
- Call PDCU member or loan support (248) 263-4100.
- Have your identifying information ready for verification.
- Ask whether any additional documents are needed to proceed.
Common questions
How long does a review usually take?
Timing varies by loan type and application volume, so contact PDCU for your current status timeline.How skip-a-payment works
- Eligibility can depend on loan type and payment history.
- Program windows and terms may vary during the year.
- A fee or additional interest impact may apply.
Common questions
How do I know if I qualify?
Contact PDCU to confirm current program details, eligibility, and timing.Ways to make a loan payment
- Pay through online or mobile banking.
- Set up recurring automatic payments.
- Use approved in-branch or phone-supported options when needed.
Common questions
Can I set automatic loan payments?
Yes. Many members choose auto-pay for consistency and fewer missed payment risks.- You pay a one-time fee of $575.
- You can roll this fee into your loan or pay cash.
- GAP covers up to 150% of your loan-to-value ratio.
Common questions
What is GAP Insurance? You buy GAP Insurance to avoid paying extra after your car is totaled. How much does GAP Insurance cost at PDCU?- You pay a one-time fee of $575.
- You can roll this fee into your loan or pay cash.
- GAP covers up to 150% of your loan-to-value ratio.
How do I get GAP Insurance?
- Apply for an eligible vehicle loan with PDCU.
- Ask your loan specialist to add protection at closing.
- Review cost, limits, and eligibility before finalizing.
Common questions
Can I add this after closing?
In many cases, options depend on loan status and timing. Contact PDCU to confirm available coverage choices.What does GAP Insurance help with?
It may help reduce out-of-pocket balance risk when a financed vehicle is declared a total loss, based on policy terms.What this coverage may include
- Potential difference between your loan balance and vehicle value after a covered total loss
- Added protection that may reduce out-of-pocket payoff risk
- Coverage details that depend on eligibility, terms, and exclusions
Disclosures
**Certain limitations may apply. Please consult with a representative for further information. Loans are exclusively available for new and used cars, trucks, and SUVs. Membership with the Credit Union is mandatory for loan disbursement. For 30, 60, or 90-day no-payment loans, interest will commence accruing upon loan disbursement and will be spread out over the subsequent monthly payments.
*APR = Annual Percentage Rate: The actual APR and loan term is subject to approval and may be determined upon the borrower’s creditworthiness, the amount borrowed, and the type, value, age, and condition of the collateral offered to secure the loan (when applicable). Rates are effective as of today and are subject to change.
¹Special Loan Rate Discount: Benefit from a .25% reduction when enrolling in our autopay service, which is included in the “as low as” rate advertised. The discount is available to those who setup autopay of their monthly loan payment from a People Driven Credit Union checking or savings account.
People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727.
All other trademarks are the property of their respective owners.
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