People Driven Credit Union offers auto loans near Warren, Michigan for new vehicles, used vehicles, refinances from other lenders, and classic cars. Warren is Michigan’s third-largest city and sits at the center of one of the most auto-connected communities in the state. Our Warren branch on Mound Road serves members throughout Macomb County. Our full application is online.
Auto Loan Rates Near Warren
Vehicle auto loan rates start at 3.74%¹ APR*, which includes the 0.25% discount for automatic payments from a People Driven Credit Union checking or savings account.
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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Three things affect your rate: term length, vehicle age, and your creditworthiness. Terms run from 12 to 96 months. Before you apply, our auto loan calculator lets you test different terms and amounts so the monthly payment isn’t a surprise.
Vehicle age works in tiers. Cars, trucks, SUVs, and vans five years old or newer count as new-vehicle collateral; anything older falls into the used tier, and collateral ten years or older adds 3.00% to the applicable rate. Rebuilt and salvage titles add 2.00%.
New & Used Car Loans in Macomb County
People Driven Credit Union finances up to 100% of value on eligible new vehicles five years old or newer, so a down payment isn’t always required. Used vehicles older than five years are financed up to 80% of value, which means a down payment is generally needed to close the gap. Worth knowing before you shop, since it determines how much cash you need on hand.
Already financing somewhere else? You can refinance your vehicle with us to change your rate or your term. Our guide to affordable car loans covers what to compare either way.
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Classic & Collector Car Loans Near Warren
Macomb County has deep roots in car culture. Classic car loans near Warren, Michigan have their own rates and rules: vehicles qualify at 26 years and older, rates start at 9.20% APR*, terms extend to 96 months, and financing runs up to 100% of appraised value depending on underwriting.
|
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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Because these vehicles are valued differently than a typical car, the application needs an appraisal from a licensed appraiser, a vehicle age and condition assessment, and proof of insurance. Classic car loans require a minimum credit score of 660. See our classic car loan calculator to test different terms and amounts before you apply.
*APR = Annual Percentage Rate. Your actual APR and loan term are subject to approval and may be determined by creditworthiness, the amount borrowed, and the type, value, age, and condition of the collateral offered to secure the loan. Rates are subject to change. ¹The 0.25% Special Loan Rate Discount applies when you enroll in automatic payments from a People Driven Credit Union checking or savings account and is included in the “as low as” rate shown. Membership and eligibility requirements apply. Classic car loans are subject to appraisal and a minimum credit score of 660.
Serving Sterling Heights, Roseville & Nearby Cities
People Driven Credit Union has a long history in Southeast Michigan. Our Warren branch serves members across Warren, Sterling Heights, Center Line, Roseville, Madison Heights, and Hazel Park. If you’re weighing other borrowing options, we also have a page on personal loans.
Visit Our Warren Branch
Our entire loan application is online. If you’d like to visit a branch in person, you’ll find us at 30897 Mound Road, Warren, MI 48092. The lobby is open weekdays, and the drive-thru interactive teller machines run six days a week and work as ATMs after hours. Check current Warren branch hours before you go.
Apply for an Auto Loan Near Warren Today
Apply online and see your rate, term, and monthly payment before you start shopping. Pre-approvals are good for 30 days.
Frequently Asked Questions About Auto Loans Near Warren
Yes. The vehicle loan application is online and open to members across Michigan. Membership eligibility is open to anyone who lives, works, worships, or attends school in the state, and a $5 share savings account establishes your membership.
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 are the exception: that program requires a minimum credit score of 660.
Vehicles 26 years old and older qualify. Those applications also need an appraisal from a licensed appraiser, a vehicle age and condition assessment, and proof of insurance.
Not always. Eligible new vehicles five years old or newer can be financed up to 100% of value. Used vehicles older than five years are financed up to 80%, so a down payment is generally needed on those.
You can apply online in minutes. Approval timing and funding depend on application details, required documentation, underwriting, and final loan closing. Pre-approvals are valid for 30 days.
