1APR (Annual Percentage Rate). Auto rates starting at 6.49% APR effective 08/25/2023; subject to change without notice. Patelco offers a range of base rates and discounts that depend on factors such as credit history, loan term, Patelco account relationship, vehicle mileage, amount financed, and vehicle age. Minimum amount financed is $2,500. Additional discounts may apply. Vehicle mileage greater than 100k will include an additional .50% added to rate. Actual rates are disclosed to approved applicants in writing prior to loan consummation and may be as high as 17.99% APR. To learn more about rates, terms, and exclusive discounts for members, such as Commitment Household, call 800.358.8228 or visit any Patelco branch.
New Auto loan payment examples: 0‑48 months: $23.77 per month per $1000 borrowed at 6.49% APR for 48 months; 49‑66 months: $18.16 per month per $1000 borrowed at 6.59% APR for 66 months; 67‑72 months: $16.98 per month per $1000 borrowed at 6.74% APR for 72 months; 73‑84 months: $15.25 per month per $1000 borrowed at 7.24% APR for 84 months.
Used Auto loan payment examples: 0‑48 months: $23.89 per month per $1000 borrowed at 6.74% APR for 48 months; 49‑66 months: $18.28 per month per $1000 borrowed at 6.84% APR for 66 months; 67‑72 months: $17.10 per month per $1000 borrowed at 6.99% APR for 72 months; 73‑84 months: $15.35 per month per $1000 borrowed at 7.44% APR for 84 months.
2At closing, you have the option to select up to 90 days of deferred loan payments on your new or used auto loan. The actual number of days will depend on the terms of the loan. Interest will accrue on your auto loan beginning on the date the loan is funded and the first payment will be applied to interest accrued from the date the loan is funded to the first payment date and then to principal due.
3Source: Datatrac, NCUA, and CUNA. The study was completed by the Credit Union National Association (CUNA) year ending 2020. CUNA estimates that financing a $30,000 new automobile for 60 months at Patelco will save members an average of $1,950 over five years, or $390 each year, as compared to what they would pay at another banking institution in California. Member results may vary. Subject to approval.
4LevelUp is offered to members who are approved for the following loans at Patelco’s credit tier 2 or higher: auto, motorcycle, RV, boat, and personal loans, excluding all lines of credit. Total discount of up to 1.50% APR (Annual Percentage Rate) applied in 0.50% APR increments for every 12 consecutive on-time monthly payments. Maximum discount will never cause the final APR to be lower than the LevelUp floor rate for the specific loan and term at time of funding. Monthly payment amount remains constant, with additional money going toward principal, which shortens the term of the loan and the total amount paid over the life of the loan.
