Auto, Truck & Motorcycle Loans
We won’t let a low credit score stop you in your tracks.
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Buying from a Dealership
Private Party or Refinance
Our loans empower you to find the horsepower of your dreams.
Get financing right at the dealership
We make it easy to find and finance a new car from a dealership.
Buy from a private party
Get financing when you purchase a used vehicle from a private party.
Refinance your vehicle
Refinance your existing auto loan and take advantage of our low rates and terms.
Get pre-approved before you shop
A Peninsula pre-approval lets you negotiate as if you have cash, and you have 45 days to shop.
Get added protection
We offer a Mechanical Repair Coverage Plan, offering bumper-to-bumper protection.
Shop at home
Let Auto Solution do the shopping, comparing, screening and negotiating for you.
Auto, Truck & Motorcycle Loans
|
Loan Type and Term** |
APR* |
Purchase / Refi*** |
Maximum Term |
Additional Terms |
|---|---|---|---|---|
|
Auto & Truck |
3.19% |
130% |
60 month |
Max mileage 150k / 200k Diesel |
|
Auto & Truck |
3.39% |
130% |
72 month |
Max mileage 150k / 200k Diesel |
|
Auto & Truck |
3.99% |
130% |
84 months |
Max mileage 150k / 200k Diesel |
|
Motorcycles |
3.39% |
130% |
72 months |
Max term 72 months for motorcycle financing |
|
Rates Effective: January 1, 2021 Rates are subject to change without notice, except on loans presently in place and those with variable rates. Your actual rate and term will be determined according to how you’ve managed your credit. Note to Interest Rates (*) APR = Annual Percentage Rate. Rates are determined by applicant credit and vehicle mileage. Rates advertised may require a qualifying down payment and may not exceed established loan-to-value ratios for respective collateral. (**) The actual term available is based on the amount you are borrowing. The maximum available terms of repayment are displayed. Contact a MRC for additional details. (***) Values based on New or Used NADA Retail, KBB Retail, MSRP or appraisal. Auto purchase and refinance transactions may finance up to 130% plus tax, license, warranty & GAP. See a MRC for maximum allowable add-ons. All loans subject to underwriting and may require a down payment. (****) Rate determined by applicant credit. Prime rate is determined by the most recently published “Prime Rate” for corporate loans at large U.S. Money Commercial Banks as it appears in the Wall Street Journal under the heading “Money Rates” on the first business day of the month immediately preceding the change date. Floor rate 7% APR, maximum rate 18% APR. (*****) Rate will vary with the market based on the Prime Rate. (******) Offered to members establishing or re-establishing their credit. |
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L.I.F.T. Auto Loans
L.I.F.T. Auto Loans provide Lower Interest For Timely payments. This loan is specifically for our members with challenged credit. That’s right—get rewarded for paying on time. We’ll reduce your interest rate by 1% APR for each 12-month period of on-time payments,up to 3% APR over the life of the loan.
Call us at 1.800.426.1601 to learn more about our L.I.F.T. Auto Loans.
Private Party Purchases
Apply for a Peninsula Auto Loan online, and be ready with your financing when you make an offer to another private party.
Buy from a Dealership
You can get Peninsula Credit Union financing without visiting one of our branches—simply apply online then head to the dealership of your choice to find the car of your dreams.
Refinance Your Vehicle
If you have an existing auto loan, you may be able to save money by refinancing your loan with us at a lower interest rate.
Auto Solution
Auto Solution is a service exclusively for credit union members. They make buying a car easy and painless by doing the shopping, screening and negotiating for you.
Visit the Auto Solution website to learn more, or call one of their representatives:
Bellevue—800.935.2886
Portland—800.207.2429
Edmonds—800.635.9717
FAQs and Tips
Auto Loan FAQs
Calculators to help you purchase a car you can afford
Quick Tip
Choose the shortest loan term length you can afford.
As the prices of cars goes up, so have the available term lengths. One way to pay less money in interest over the length of the loan is to shorten the term.
