Why Choose Our Classic Car Loan?
- Specialized Financing: Designed for vehicles 26+ years old with proof of collectible value.
- Competitive Rates: Rates starting as low as 7.44%¹ APR* (with AutoPay discount).
- Flexible Terms: Borrow for up to 96 months, subject to eligibility and collateral.
- Up to 100% Financing: Depending on the appraised value and credit qualifications.
Classic Car Auto Loan Rates
Unlock a Rate as Low As 7.44%¹ APR*
¹Take advantage of a 0.25% discount when you enroll in autopay, already factored into the “as low as” rate. This discount applies to those who set up automatic payments from a People Driven Credit Union checking or savings account.
Classic Car Loans require a minimum credit score of 660.
Apply Online
See What Fits: Compare Classic Car Rates & Terms
-
Term
(Months)
≤36
37-48
49-60
61-72
APR*
as low as¹
7.44% 8.55% 8.55% 9.00% Rates Effective as of:
8.55%
Calculate Your Monthly Classic Car Auto Loan Payment
Monthly Payment
5 Classic Car Buying Tips
- Consult classic.com for vehicle valuation
- Order a CARFAX® history report
- Have a mechanic inspect the car
- Add Mechanical breakdown coverage
- Add Gap insurance
How It Works
Submit your loan application with documentation, including:
- Vehicle age and condition assessment
- Appraisal report from a licensed appraiser
- Proof of insurance coverage
Loan approval depends on creditworthiness, vehicle appraisal, and individual eligibility.
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.
According to Consumer Reports®
“Choose a credit union for a car loan because those institutions often offer the lowest rates.” Another good reason to join People Driven Credit Union. The Best Used Car Loan Offer:
- 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.
Can you get an 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.
Not sure if you qualify?
Classic Car Loans are available to qualified borrowers with a minimum credit score of 660. If you’re below that, we may still have other vehicle loan options—call us and we’ll point you in the right direction.
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 do I check my loan application status at People Driven Credit Union?
You can check your loan application status by contacting People Driven Credit Union or your assigned loan specialist. Many members ask how do I check my loan application status because they want fast updates on their progress.How to check the status
- Call PDCU member or loan support at 248-263-4100.
- Have your identifying information ready for verification.
- Ask whether any additional documents are needed to proceed.
Call for Your Status Update
Pick up the phone and dial 248-263-4100 during business hours. Our loan specialists answer right away. Give them your name, application number, or Social Security number. They pull up your file instantly.Prepare for the Call
Have your driver’s license or member number ready. Note any recent emails or letters from us. This speeds up the process so you get answers faster.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.Get Help from Our Team
Call us at 248-263-4100 during business hours. Our team checks your status right away. You can also visit any branch in Livonia, Southfield, Warren, Ypsilanti, or Romeo.5 Helpful Hints for Checking Your Loan Application Status
- Call early in the day for shorter wait times.
- Write down your application number before you call.
- Ask for an email summary of your current status.
- Check your spam folder for any updates from PDCU.
- Contact us at 248-263-4100 if you need to submit more documents.
How do I skip a payment at People Driven Credit Union?
People Driven Credit Union may offer skip-a-payment opportunities during eligible periods and for qualifying loans. Many members ask how skipping a payment helps when they need temporary relief.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.
Skip-a-Payment Requirements
You must be in good standing with all loans current. The $35 fee must be available in your checking or savings account. Most consumer loans qualify. Exclusions include Fresh Start Auto loans, lines of credit, mortgages, commercial loans, credit cards, and several other special loan types.To get started, you can either complete the process through the MyPDCU app, via PDCU’s Online Banking portal or by filling out a Authorization Form and submitting it to any of our branches or mailing it to:
Skip-A-Payment People Driven Credit Union 24333 Lahser Road Southfield, MI 48033Common Questions
How do I know if I qualify? Contact PDCU to confirm current program details, eligibility, and timing.Get Help from Our Team
Call us at 248-263-4100 during business hours. Our team checks your eligibility right away. You can also visit any branch in Livonia, Southfield, Warren, Ypsilanti, or Romeo.5 Helpful Hints for Skipping a Payment
- Call at least one business day before your payment is due.
- Have your loan number and member number ready.
- Ensure $35 is available in your account for the fee.
- Remember interest still accrues during the skipped month.
- Contact us at 248-263-4100 to confirm your loan qualifies.
How do I make a loan payment at People Driven Credit Union?
You can make a loan payment through People Driven Credit Union using online tools, automatic options, or approved payment channels. Many members ask how to make a loan payment because the options are fast and convenient.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.
Pay Online or in the Mobile App
Log into online banking at my.peopledrivencu.org or open the MyPDCU app. Go to Transfers. Select your checking or savings account as the source. Choose your loan as the destination. Enter the amount and submit.Set Up Automatic Loan Payments
Enroll in AutoPay from your People Driven checking or savings account. This ensures your payment is made on time every month. AutoPay may also qualify you for a 0.25% rate discount on eligible loans. Call to set it up or do it yourself in online banking.Common Questions
Can I set automatic loan payments? Yes. Many members choose auto-pay for consistency and fewer missed payment risks.Other Payment Options
Call Member Services at 844-700-7328 during business hours. They process payments over the phone. You can also visit any branch in Livonia, Southfield, Warren, Ypsilanti, or Romeo to pay in person.5 Helpful Hints for Making Your Loan Payment
- Make payments at least one business day before the due date.
- Enroll in AutoPay to never miss a payment and possibly save on interest.
- Use the mobile app for payments anytime and anywhere.
- Keep your loan number handy when calling or visiting a branch.
- Contact us at 248-263-4100 if you need payment arrangements.
Guaranteed Asset Protection Advantage (GAP) is an optional, non-insurance loan protection product that helps waive the difference between your insurance settlement and your remaining loan balance if your vehicle is declared a total loss. It may also cover your insurance deductible up to $1,000, if a deficiency balance remains, and can provide up to a $1,000 credit toward financing a replacement vehicle through the credit union.
One important note: GAP Advantage is not insurance. It is a separate, non-insurance loan protection product designed to help reduce what you may still owe after a total loss.
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
*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.
Classic Car Loans require a minimum credit score of 660.
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.
NMLS #776727. Federally insured by the NCUA. Equal Housing Lender. Membership and eligible vehicle requirements apply. Loan is subject to credit approval and appraisal.
Risks & Requirements
- Collateral Risk: Because this loan is secured by your vehicle, repossession may occur if payments are missed.
- Loan-to-Value: Maximum financing is generally limited to 100% of the appraised vehicle value, depending on underwriting guidelines.
- Credit and Eligibility: Loan terms and approval are subject to credit review, appraisal, and membership requirements.
- Minimum credit score of 660 required for this program.
2026 Auto Loan Special
Find the car you want. We’ll help make the financing make sense. The Deal PDCU’s......Read More
Why Choose People Driven Credit Union for an Auto Loan?
When it comes to financing your next vehicle, you have options. But not all options......Read More
Auto Loan Rates Starting at…
Looking to finance your next ride or refinance an existing auto loan from another lender?......Read More
2025 Woodward Dream Cruise
Experience the Woodward Dream Cruise on Saturday, August 16, 2025 The Woodward Dream Cruise is......Read More
