People Driven Credit Union offers auto loans near Southfield, Michigan, with competitive rates on new cars, used vehicles, refinances, classic cars, and collector cars. Our main branch is located on Lahser Road, in the heart of the Woodward Avenue corridor and its decades of car culture. You can apply online and get a decision without setting foot in a branch, though you’re always welcome to stop in. Membership is open to anyone who lives, works, worships, or attends school in Michigan. People Driven Credit Union is your best option for auto loans.
If you’re shopping for a car around Southfield, financing is what determines the car that you can actually drive off the lot. A rate that’s even half a point lower changes your monthly payment and what you pay over the life of the loan, so where you finance matters as much as what you buy. People Driven Credit Union has a long history in Southeast Michigan, and our Southfield branch on Lahser Road is a short drive from Woodward Avenue. Whether you’re buying new, buying used, refinancing a loan from another lender, or chasing a classic for this year’s Dream Cruise, there’s an auto loan here that fits. 
Our auto loans are designed to fit your budget and lifestyle.
When considering options, it’s essential to compare various auto loans to find the best rate for your needs.
Auto Loan Rates Near Southfield
When you finance a car with People Driven Credit Union, your rate depends on your credit, the loan term, and the age of the vehicle. Shorter terms and newer vehicles run lower, and members who set up autopay from a People Driven Credit Union checking or savings account get a 0.25% APR discount that’s already built into the advertised auto loan rates.
Auto loan rates for cars, trucks, SUVs, & vans five years old or newer:
|
Term (Months) |
≤36 |
37-48 |
49-60 |
61-72 |
73-84 |
96 |
|---|---|---|---|---|---|---|
|
APR* as low as¹ |
3.74% | 4.74% | 4.74% | 4.74% | 5.24% | 5.74% |
|
Rates Effective as of: |
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Choosing the right auto loans can significantly impact your financial future.
APR = Annual Percentage Rate. Your actual rate and term depend on your creditworthiness, the amount borrowed, the term, and the vehicle’s age, value, and condition. Rates are subject to change. The advertised rate includes a 0.25% autopay discount for eligible members. Membership and credit approval required.
Current members approved for an auto loan also have the option to make no payments for the first 90 days. Interest still accrues during that period. To see how a term and amount pencil out before you apply, run the numbers with our financial calculators.
New, Used & Refinanced Auto Loans
We also offer special rates on auto loans for new members!
The same online application can be used to apply for a new or used car, a dealership purchase, or a private-party sale. If you already have an auto loan somewhere else, it’s worth checking whether you can refinance your vehicle for a better deal, especially if your current rate is higher than what we offer or if your credit has improved since you signed.
Refinancing can lower your monthly payment or shorten your term. Once you apply online, we request a payoff amount from your current lender; you sign, and we pay off the old loan directly.
Your Loan Starts Here
Begin your path to financing your dream. We'll help you turn your financial goals into reality.
Don’t hesitate to ask about our competitive auto loans.
Classic Car Loans on the Woodward Corridor
Southfield sits right on the Woodward Avenue corridor, where the Woodward Dream Cruise draws thousands of classic and collector cars every August. If you’re buying one, People Driven Credit Union offers classic car loans near Southfield.
Our classic car auto loans cater to enthusiasts looking for a unique investment.
To qualify, the vehicle needs to be at least 26 years old with proof of collectible value, and the buyer must have a minimum credit score of 660. Terms run up to 96 months, and financing can cover up to 100% of the appraised value. We also finance exotic and higher-end collector vehicles.
Buying a classic isn’t like buying off a dealer’s lot, so build in time for valuation, an appraisal from a licensed appraiser, and a mechanic’s inspection before you commit to a purchase.
|
Term (Months) |
≤36 |
37-48 |
49-60 |
61-72 |
73-84 |
96 |
|
APR* as low as¹ |
8.04% | 9.20% | 9.20% | 9.60% | 9.85% | 10.10% |
|
Rates Effective as of: |
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If you’re unsure about the financing process, our representatives are here to help with your auto loans.
Serving Oak Park, Lathrup Village & Nearby Communities
The Southfield branch is the closest People Driven Credit Union location for members across southern Oakland County, including Oak Park, Lathrup Village, Berkley, Royal Oak, and Beverly Hills. Wherever you are in the area, you can apply online and handle the whole application process from home. If you’re weighing a vehicle purchase against other plans, it’s also worth looking at personal loans near Southfield.
Visit Our Southfield Branch
Our Southfield branch is at 24333 Lahser Road, Southfield, MI 48033, a short drive west of Woodward Avenue. You can find current hours on the Southfield branch page. Applying is online start to finish, so you can apply online and get a decision from home. Approval times vary.
Frequently Asked Questions about Auto Loans
Understanding auto loans can help you make informed decisions.
Yes. People Driven Credit Union serves members across Southeast Michigan, and you can apply online from Southfield or anywhere else in the state. Membership is open to anyone who lives, works, worships, or attends school in Michigan.
The Southfield branch is our main location, at 24333 Lahser Road, just west of Woodward Avenue.
Visit us to learn more about our auto loans and eligibility criteria.
Credit requirements vary by loan type and applicant. People Driven Credit Union reviews your application based on creditworthiness, income, loan amount, term, and other underwriting factors. Classic car loans have a minimum credit score of 660.
People Driven Credit Union is committed to offering quality auto loans for every member.
Yes. Pre-approval shows you how much you can borrow before you shop, which gives you a stronger position when you’re negotiating at a dealership. Pre-approvals are good for 30 days.
You can apply online in minutes. Approval timing and funding depend on application details, required documentation, underwriting, and final loan closing.
