Drive off with an affordable car loan from Patelco

At Patelco, great rates come standard. After all, saving money monthly is part of our partnership in your long-term financial health. Whether you’re in the market for a new car, recently purchased from a dealership, or looking to save by refinancing the vehicle you already own, we’ve got you covered.

  • New auto loan rates starting at 6.49% APR1
  • Affordable terms up to 84 months
  • On average, members save nearly $1,800 over the life of the loan switching to Patelco2

Save with a Patelco auto loan

Peace of mind

Competitive rates plus a 15-day rate-lock guarantee3

Fast application

No origination fees and quick decision

Flexible payment options

Make no car payments up to 90 days4

No pre-payment penalties

Pay off your loan early if you need to

Transparency, delivered

See your rate, loan terms and monthly payment before you buy

Cost-saving refinance opportunities

Calculate your potential savings side-by-side

I’m currently refinancing my car with Patelco. The rate is so much better!”

- Angela, Patelco member

LevelUp: automatic rate reduction program

If you don't qualify for the lowest rate upfront, no problem! We’ll automatically lower your rate up to 0.50% APR per year for making 12 months of payments on time, and up to 1.50% APR over the life of your loan.5

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1 APR (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.  Vehicle mileage greater than 100k will include an additional .50% added to rate. Additional discounts may apply. Actual rates are disclosed to approved applicants in writing prior to loan consummation and may be as high as 11.85% 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.

2 Source: Datatrac, NCUA, and CUNA. The study was completed by the Credit Union National Association (CUNA) year ending 2021. CUNA estimates that financing a $30,000 new automobile for 60 months at Patelco will save members an average of $1,780 over five years, or $356 each year, as compared to what they would pay at another banking institution in California. Member results may vary. Subject to approval.

3 After you submit a loan application, your Auto Loan rate disclosed is guaranteed for 15 days from the date your loan is approved. Any change to term and/or vehicle information, credit history, account relationship, and Patelco promotional discounts or programs may result in a rate change. Your final rate will be disclosed to you in writing.

4 At 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.

5 LevelUp 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.


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