The car you love is the car you deserve
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Whether you’re looking for style, speed, or endurance, get your auto loan preapproval from PEFCU before you start your automobile search. You could qualify for a low rate.
Rate is based on creditworthiness and terms of the loan. Auto loans currently financed through the Credit Union cannot be refinanced with this offer. This offer is contingent upon your continuing to meet income and creditworthiness requirements and providing acceptable collateral to secure the loan. Credit status may be validated by a credit bureau inquiry prior to funding. Income verification may be required. Funds can only be used for a single refinance not to exceed the offer amount. First payment is due 90 days after the loan is funded. Offer expires April 18, 2025, and cannot be combined with any other offer or rate reduction promotions, including Financially Fresh incentives.
Love your car or truck but don’t love your rate?
We can help. It’s not too late to refinance your auto loan with us.
Auto Loan Preapproval (Express Pay Draft)
We get it—waiting for a decision when you’re car shopping isn’t ideal. That's why we're all about giving you auto loan decisions quickly!
Getting preapproved for an auto loan sets you up to score a better deal when you hit the dealership. Unlike a typical car dealership loan, an auto loan preapproval offers you the flexibility to shop for the vehicle you desire, as long as it fits within a specified price range.
It simplifies things, helps you know your budget, and gives you the confidence to haggle for the best price, whether you're browsing in person or online!
Here’s how easy it is:
1. Here's what you’ll need to get started:
- Phone number and email for both the applicant and co-applicant (if applicable).
- Current Housing, Employment, and Income Information.
- If you're trading in a vehicle, have the title or loan information, as well as registration details ready.
- Calculate the total amount you expect to finance, including vehicle purchase price, taxes, tags, title, and warranty costs. Subtract any down payment you plan to make.
- Decide on the length (term) of the loan you're aiming for.
2. Apply through PEFCUMobile, Online Banking, or at your local branch.
3. Once preapproved for an auto loan, PEFCU will give you an Express Pay Draft. The draft amount reflects your approved limit, but you're not obligated to use the entire sum.
4. Now that you've got everything squared away, it's time to start your hunt for the perfect ride!
5. Once you've found the vehicle that speaks to you, just bring along this draft to any authorized dealership to seal the deal. PEFCU will work directly with the dealership for the final steps of funding, and you’ll be on the road in no time!