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Car Loan

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  • Overview

    Drive Your Dreams with a PDCU Auto Loan

    Are you ready to hit the road in style with a new, used, or pre-owned vehicle in Michigan? At People Driven Credit Union (PDCU), we’re here to make your automotive dreams a reality. With our competitive auto loans, easy approval process, and exclusive promotions, there’s never been a better time to finance your next Michigan based vehicle.

    Special Promotion: Drive Away with Extra Savings

    Take advantage of our special promotion when you finance your vehicle with PDCU:

    • 90-Day Payment Deferral: Enjoy peace of mind with 90 days to your first payment.
    • Cash Bonus: Finance between $15,000 and $39,999.99 and receive $100 deposited directly into your account. Finance $40,000 or more and receive $200.

    Unlock a Rate as Low As


    Whether you’re eyeing a brand-new set of wheels or considering the purchase of a pre-owned vehicle, People Driven Credit Union has your back.

    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, refinance, dealership purchases, and private party purchases. You can hit the road quickly with our quick decisions and 100% financing.

    Don’t wait any longer – discover how much you could save and turn your automotive dreams into reality today. Terms stretch up to 96 months*.

    Apply Online

    Looking to purchase an electric or hybrid vehicle?

    Take advantage of our special loan offer at People Driven Credit Union! When you finance an EV or hybrid vehicle with us, we’ll include up to $1,000 in the loan amount to cover the cost of a home charging station. Drive green and power up conveniently with PDCU! Apply today to explore our low rates and flexible terms.

    Apply Online

    Why Choose a PDCU Auto Loan?

    • Low Rates: Unlock a low-interest rate tailored to your financing needs, whether you purchase a new car, truck, or SUV or opt for a used vehicle.
    • Flexible Financing Options: We offer financing for a wide range of vehicles, including classic cars, lease buyouts, refinancing, dealership purchases, and private party purchases.
    • Quick Decisions: Experience quick approval decisions that get you behind the wheel faster.
    • 100% Financing: Enjoy the convenience of financing up to 100% of your vehicle’s cost.

    Monthly Payment

    Loan Amount
    Term Months

    People Driven Credit Union Members save on the TruStage® Auto & Home Insurance Program

    Designed for credit union members like you, the TruStage® Auto & Home Insurance Program provides 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.

    TruStage® Auto & Home Insurance Program

    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 and Southeast Michigan.

    Apply Online Today

    Don’t wait any longer to turn your automotive aspirations into reality. Apply online for a PDCU Auto Loan and experience the benefits of low rates, flexible terms, and exclusive promotions.

    Discover how much you could save and start your journey here today in Michigan with PDCU.

    Apply Online


  • Rates


    New & 5 Years or Less Used Cars, Trucks, and Vans

    Rates Effective as of: 05-19-2024
    Max Term Term Rate (APR)
    Up to 36 Months As low as 6.20%
    37 to 48 Months As low as 7.05%
    49 to 60 Months As low as 7.05%
    61 to 72 Months As low as 7.30%
    73 to 84 Months As low as 7.55%
    96 Months As low as 7.80%

    Used Cars, Trucks, and Vans Older Than 5 Years

    Rates Effective as of: 05-19-2024
    Max Term Term Rate (APR)
    Up to 36 Months As low as 6.95%
    37 to 48 Months 05As low as 7.80%
    49 to 60 Months As low as 7.80%
    61 to 72 Months As low as 8.05%
    73 to 84 Months As low as 8.30%
    96 Months As low as 8.55%

  • FAQs

    Frequently Asked Questions

    People Driven finances motor homes, campers, boats, motorcycles, ATVs and snowmobiles!
    You may also give us a call at 248-263-4100 to speak with the loan department!
    Yes!  All eligible loans can be skipped once per calendar year for a fee of $35. Fresh Start Auto Loans, Lines of Credit, Mortgages, Commercial Loans, and Credit Cards are excluded.
    1. To make a payment via online banking with funds already in your account, log in and select 'transfers'. Select where you want to transfer from and which loan you would transfer to.
    2. Log into iTalk (telephone teller) and make your payment. Option 3 for payments.
    3. To make a payment with a debit/credit card, call (248) 263-4100.
    4. Set up an auto-transfer from your People Driven account or attach an auto payment to your direct deposit that comes into your account. Give us a call at (248) 263-4100 or stop by any of our five branches.
    5. Have us set up an auto-payment from your other financial institution. Please call us at (248) 263-4100, and we can send you the proper form, or you may stop by any of our five branches.
    6. You may also mail in a check payable to People Driven Credit Union, 24333 Lahser Rd, Southfield, MI 48033
    GAP (Guaranteed Asset Protection) covers the difference between the cash value of your vehicle and the balance owing if the car is deemed a total loss, up to 150% LTV. GAP is a $575 one-time fee that can be rolled into the loan or paid in cash. GAP also provides a $1000 credit towards the next vehicle you finance through PDCU and unlimited auto deductible claims for up to five years, up to $500 per claim for any vehicle you own and insure.
    • Covers the difference between the outstanding loan balance and the actual value (determined by the insurance company) of the auto up to the max LTV.
    • Covers total loss AND unrecovered theft
    • May cover up to $1000 of the deductible if there is a gap after the insurance pays
    GAP insurance is offered during the auto loan process.  Please call us at (248) 263-4100 for more information.

Are you ready to get the car you've been dreaming about?

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Starts Here!

*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.

Special Loan Rate Discount: Benefit from a 0.25% reduction when enrolling in our AutoPay service, which is included in the “as low as” rate advertised. The discount is available to those with Direct Deposit of payroll, social security, or retirement and AutoPay setup from a People Driven Credit Union checking or savings account.

Certain limitations may apply. Please consult with a representative for further information. Loans are exclusively available for 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.

Payment Example: Monthly payments of $20.00 for each $1,000 borrowed at 7.30% APR for 60 months.

E H L. People Driven Credit Union is an Equal Housing Opportunity Lender NMLS #776727
All other trademarks are the property of their respective owners.