Credit Union Auto Loans for New and Used Vehicles
Affordable, straightforward new and used auto financing.
Finance your next car, truck, or SUV with a P1FCU auto loan. Compare current rates, estimate your monthly payment, and apply for financing before or after you choose a vehicle.
- Financing for eligible new and used vehicles.
- Current advertised APR and term options.
- Terms available up to 96 months, subject to approval.1
- Online application and local lending support.
- Purchase and refinance availability, if confirmed.
Auto Financing for Your Next Vehicle
New vehicle loans
We offer financing for eligible new cars, trucks, and SUVs purchased from a dealership.
We offer financing for eligible pre-owned vehicles. Age and mileage may affect terms.
Auto loan refinancing
P1FCU can refinance an existing auto loan from another lender. Whether you're looking for a new rate, lower payment, different term, or want to bring your loan to us. Keep in mind, it may not reduce the total cost of your loan.
Private-party purchases
Private-party purchases are available at P1FCU. Additional title work may be needed.
Compare Current P1FCU Auto Loan Rates
Your final APR and term depend on creditworthiness, loan amount, vehicle age and mileage, selected term, and other underwriting factors. Choosing a longer term may reduce the monthly payment, but can increase the total interest paid over the life of the loan.
| Term | APR1 |
|---|---|
| Up to 60 Month Term | 4.85%1,3 |
| Up to 72 Month Term | 5.10%1,4 |
Effective 07/15/2026
Used Vehicles: Rates increase for vehicles over 100,000 miles or more than 7 years old.
Terms available up to 96 months.
Get Preapproved Before You Shop
An auto loan preapproval can help you understand a potential borrowing range before you visit a dealership or negotiate a purchase. It may also make it easier to compare the vehicle price separately from the financing offer.
- A preapproval remains valid for 30 days after the hard credit inquiry.
- A vehicle is not required at the time of the preapproval.
- Yes, a preapproval does involve a hard credit inquiry.
- Once the applicant has selected a vehicle, that information is added to the loan application, and the loan process can move forward.
- Amounts, rates, and terms are subject to change based on the vehicle selected.
Purchase or Refinance an Auto Loan
Buying a vehicle
We can help finance both new and used vehicles purchased from dealerships or private parties. Title requirements may vary depending on the purchase, but our team is happy to walk you through the process every step of the way.
Refinancing an existing auto loan
Whether you're looking for a new rate, lower payment, different term, or want to bring your loan to us, refinancing may be an option. Keep in mind that it may not reduce the total cost of your loan.
Refinancing Questions
- There is no minimum amount of time required to have the existing loan open before applying for a refinance auto loan.
- P1FCU refinances its own existing auto loans. However, depending on the reason, it may not require a full refinance. Speak to a loan officer to talk about different options.
- There are no requirements for vehicle age or mileage, but both factors could affect the rate.
- Depending on the situation, title and payoff documentation may be required.
- Cash-out refinancing is available.
- The applicable fees or title costs depend on the purchase type and state.
Why Choose a P1FCU Auto Loan?
Competitive financing
P1FCU offers low rates, flexible terms, and payment options based on approved loan terms.
As a P1FCU member, you have access to 27 P1FCU branches, video banking, and our member-support channels.
Simple application processYou can fill out an auto loan application online. Once the application is complete, it will be submitted to our lending team for approval, and you will be notified of your term and rates upon approval. Please note that notification of approval or non-approval can vary.
Member-focused serviceWith our member-owned structure and commitment to putting our members first, you will receive personalized, relationship-focused service.
How to Apply for a P1FCU Auto Loan
- Review our current rates and estimate a comfortable payment.
- Gather identification, income, housing, and vehicle information.
- Submit an online application, speak to a loan specialist, or visit one of our branches.
- Once processed and approved, review the approved amount, annual percentage rate, terms, and conditions.
- Complete title, insurance, and funding requirements.
Protect and Manage Your Auto Loan
Your auto loan is an important financial commitment, and having the right resources can help you protect your investment and manage your loan with confidence. From coverage that can help protect you from unexpected expenses to convenient tools for making payments, P1FCU offers resources to help you throughout the life of your loan.- See your asset-protection coverage options. 5
- Learn more about extended vehicle warranty options.
- Learn more about payment protection.
- Make your loan payment online.
- Stay up-to-date on your loan through Digital Banking.
Estimate Your Payment
Can I apply for a P1FCU auto loan before choosing a vehicle?
Yes! We provide auto loan preapproval so you can apply for financing even before you find the car you want. Our preapprovals are valid for 30 days.
What types of vehicles can I finance?
P1FCU currently promotes financing for eligible new and used cars, trucks, and SUVs. Pricing may be affected by age and miles. Document requirements may vary based on who and where you purchase from.
What auto loan terms are available?
P1FCU offers loan terms that may be available up to 96 months. Our available terms depend on the vehicle, loan amount, creditworthiness, and underwriting approval.
What rate will I receive?
The advertised APR is a starting rate. The approved APR may vary based on creditworthiness, vehicle age and mileage, term, loan amount, and other underwriting factors.
Can I refinance my current auto loan with P1FCU?
Yes, you can refinance your auto loan from another financial institution. If you are interested in refinancing a loan you already have with us, reach out to us and we can provide some options for you.
Does P1FCU finance used vehicles with high mileage?
Yes. P1FCU does finance used vehicles with high mileage. Rates increase for vehicles with more than 100,000 miles or that are more than seven years old. No other restrictions apply, however, loan approval amounts may vary depending on the value of the vehicle.
How do I estimate my car payment?
You can use the payment calculator with the expected loan amount, APR, and term. The result is an estimate and does not represent final approved terms.
Do I need to be a P1FCU member to apply?
No, you do not need to be a P1FCU member to apply. All loans are subject to P1FCU membership, but you can submit a loan application before completing membership enrollment.
How quickly will I receive an auto loan decision?
Our auto loan decision process with expert loan officers makes it possible to usually respond with a decision within the same business day that you apply for your loan. Every situation is different, and factors like specific loan type and personal situation could make the process take longer.
Online Loan Payment
Easily make your loan payment online without having to log into your online banking.
1 APR is Annual Percentage Rate. All loans are subject to P1FCU membership, credit approval and other underwriting criteria. Rates are based on creditworthiness and other factors, and may be higher than the lowest rate advertised. Loan program rates, terms, and conditions are subject to change without notice.
2 Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
3Payment Example – New or Used Auto Loan of $30,000 for 60 months at 4.85% APR will have a monthly payment of $564.08.
4Payment Example – New or Used Auto Loan of $30,000 for 72 months at 5.10% APR will have a monthly payment of $484.54.
5Debt Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the contract for a full explanation of the terms. You will receive the contract before you are required to pay for Debt Protection. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.