Routing # 321076470

New Car Loans

Low rates and affordable terms on 2023 and newer models.

Find and finance your new car with confidence

Buying a new car is an exciting experience. But before you start dreaming of that fresh new car smell, it’s important to ensure you’re set up for the right financing.

With our quick application process, competitive fixed rates, and car shopping tools, we help you find and finance your car with ease.

It’s easy to pre-qualify online. Get started by checking your rate with no impact to your credit.2 You’ll see your personalized rate, terms, and payment details all upfront – so you know what you can afford before you buy.

Now for the fun part! We’ve partnered with local dealers to make your car buying search easier. With your pre-approval in hand, shop for the perfect ride and visit a dealership, private party, or search for cars online with our free AutoSMART service.3

Car shopping and financing made easy

Fast online application

No origination fees and quick decision

Transparency, delivered

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

Rate lock guarantee

Get peace of mind while you shop, and secure your rate for up to 15 days4

Flexible terms

Up to 84 months

Budget-friendly payment options

Flexibility to make no payments for up to 90 days5

Insurance and payment protection

Cover your car in the event of mechanical breakdowns, financial loss and more — get your quote today.

New Auto Loan Rates

Rates Effective 01/01/2024


Minimum Amount

APR Range1

0 to 48 months None 6.49% to 17.99%
49 to 66 months None 6.59% to 17.99%
67 to 72 months $10,000 For 72 Month Term 6.74% to 17.99%
73 to 84 months $15,000 For 84 Month Term 7.24% to 17.99%

Auto Loan Calculator

How much can I afford?

Calculations provided are for demonstration purposes only and do not guarantee credit approval for the rate and terms displayed.

Frequently Asked Questions

  • Getting pre-approved upfront is recommended. It helps you know what you can afford before you start to shop for vehicles. But if you are out shopping already and have not been approved yet, you can ask the dealer to process your application with Patelco and they can check if you’re eligible for financing right then and there.
    Our online application process is fast and can be completed within a matter of minutes. Start off by checking your rate. You’ll see your future payments, terms, and loan amount – with no impact to your credit.2
    Yes, we offer special membership discounts and promotions with local dealers. In addition, you may be eligible for additional rate reductions after closing with LevelUp, just for making on-time payments on your loan. Speak to one of our team members to see what’s available.

    We work with many trusted dealerships throughout California. Here’s how to check:

    1. At the dealership. Chances are we already partner with a local dealer. Just ask them and they can process your application with Patelco.
    2. Online. Browse through inventory from multiple dealer partners, compare prices and more with our free AutoSMART™ service.3
Stress-free car buying

Research and shop for a new vehicle with AutoSMART™. Browse through thousands of models from local dealer partners, compare safety features, trade-in values, price points and more.

1 APR (Annual Percentage Rate). New Auto rates starting at 6.49% APR effective 01/01/2024; 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. Additional discounts may apply. 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.

2 Patelco runs a “soft” credit pull to determine which pre-qualification offer you qualify for. This doesn’t affect your credit score. If you choose to proceed with a loan application, Patelco will request your full credit report from one or more credit reporting agencies. This will be a “hard” pull and may affect your credit. If necessary, we may also share certain information about you with third parties, like our insurers, to process your request.

3 The AutoSMART™ links on this page will cause you to leave the Patelco Credit Union website. Although Patelco works closely with many partners, third-party sites may offer a different privacy policy and level of security. Please consult the website’s Privacy Policy for additional information. Patelco Credit Union does not legally represent the operator of this site or the Patelco member, should the two enter into a transaction. We are also not legally responsible for availability, viewpoints, products, or services offered or expressed on the site you are about to visit.

4 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.

5 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.


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