Auto Loans
We won’t let a low credit score stop you in your tracks.
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Whether you’re shopping at a dealership, buying from a private party, or looking to refinance your vehicle at a better interest rate, we can connect you with an affordable auto loan. And we’ve got options to fit your needs, whether you’ve got perfect credit or a low credit score.
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 Breakdown Protection Plan, offering bumper-to-bumper protection.
Shop at home
Let Auto Solution do the shopping, comparing, screening and negotiating for you.
Helpful Details
|
Loan Type and Term** |
APR* |
Purchase / Refi*** |
Model Year |
|---|---|---|---|
|
New Auto, Truck & Motorcycle - 60 months |
4.09% |
125% |
2013 & Newer |
|
New Auto, Truck & Motorcycle - 72 months |
4.79% |
125% |
2013 & Newer |
|
New Auto, Truck & Motorcycle - 84 months |
4.99% |
125% |
2013 & Newer |
|
Used Auto, Truck & Motorcycle- 60 months |
5.09% |
125% |
2012 & Older |
|
Used Auto, Truck & Motorcycle- 72 months |
5.79% |
125% |
2012 & Older |
|
Used Auto, Truck & Motorcycle- 84 months |
5.99% |
125% |
2012 & Older |
|
Rates Effective August 6, 2018 Note to Interest Rates (*) APR = Annual Percentage Rate. Rates are determined by applicant credit. 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 Loan Representative for additional details. (***) Values based on NADA Retail, KBB Retail or MSRP or appraisal. Purchase transactions may finance up to 125% plus tax, license, warranty & GAP. See a Loan Representative for maximum allowable add ons. Refinances may finance up to 125% of value, plus GAP. All loans subject to underwriting and may require a down payment. |
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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.
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.
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.
SEARCH FOR CARS AND APPLY ONLINE
RV, Boat and Motorcycle Loans
We offer terms up to 144 months for boats, RVs and motorcycle, and 100% financing is also available.
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.
Renew Auto Loans
Do you have a low credit score? We have an auto loan option that provides essential transportation for you and your family. If you’re worried that your credit issues may prevent you from qualifying for an auto loan, then our Renew Auto Loan might be a great option for you.
Call us at 1.800.426.1601 or stop by your closest branch to learn more about our Renew Auto Loans.
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.
