Auto Loans

Drive Your Dreams with Public Service Credit Union

Are you ready to hit the road in style? Public Service Credit Union offers competitive loan rates and flexible terms on both new and used vehicles. Whether you're dreaming of that brand-new SUV or a reliable pre-owned car, we've got you covered.

WHY CHOOSE US?

• Competitive Rates: Enjoy low interest rates on your auto loan (rates found under titled collateral)

• Flexible Terms: Choose a repayment plan that fits your budget

• Quick Approvals: Get approved quickly and easily

• Exceptional Service: Our dedicated loan officers are here to help

• Vehicle Buying Tips: Our team can check the value of vehicles you're shopping for with JD Power for free and even provide a Carfax report for a specific vehicle at a low cost

PLAN AHEAD

Apply before you start shopping to get an idea of how much you're approved for when looking at vehicles. This puts you in a stronger negotiating position at the dealership.

If you already have an auto loan, refinancing may be a smart option to save money. Here's how it works:

• You get a new loan with a lower interest rate from Public Service Credit Union to pay off your existing loan

• A lower interest rate can translate to significant savings over the life of your loan

• Refinancing can also help you shorten your loan term or lower your monthly payment

REASONS TO CONSIDER REFINANCING

• Your credit report has improved since you took out your original loan

• Interest rates have dropped since you took out your original loan

• You want to lower your monthly payment

• You want to shorten your loan term

• You found a better deal with our competitive rates

Protect Your Investment

Now you can protect your vehicle investment with Guaranteed Asset Protection (GAP). GAP offers protection in the event that your vehicle is stolen or damaged beyond repair (deemed a Total Loss) and is available for borrowers that finance their vehicle(s) with a loan from Public Service Credit Union.

Here's how GAP works. Let's say after one year, the vehicle you purchased for $25,000 is now valued at just $16,000, but you still owe $20,000 when it is involved in an accident and your insurance carrier deems it a Total Loss. Most insurance policies will only reimburse you for the “Actual Cash Value (ACV)” of your vehicle, $16,000 in this case, leaving you with a large loan balance and no vehicle. Here is an example of what you would owe without GAP;

What's the cost for this valuable protection? Our GAP is just $425.00 for most types of collateral like new and used cars, trucks, and motorcycles. This is a small price to pay for real peace of mind!

GAP...For Affordable Peace of Mind**. For more information, please get in touch with Public Service Credit Union or e-mail your questions and we'll reply as soon as possible.

**This is general information only. Please refer to your actual GAP Waiver Addendum (GAP) for terms, conditions, coverage, limitations, and restrictions. GAP is not an insurance policy and does not replace or eliminate the need for vehicle insurance coverage. GAP is designed to “help” reduce the difference between your primary carrier insurance settlement and the loan balance at the date of loss. However, there are exclusions and limitations for items like delinquent payments, late charges, refundable items and financing more than the allowable Loan to Value (LTV%) limit that could leave you responsible for a loan balance after the GAP benefit is applied to your loan. You may cancel GAP during the first 60 Days and receive a full refund of any fee paid. GAP is non-refundable in most states after the first 60 Days.

When buying any vehicle, there is always a chance of having a mechanical breakdown. However, you will have peace of mind knowing that most problems can be taken care of with a vehicle service contract from Auto Exam. Public Service Credit Union members can purchase vehicle service contracts for any vehicle you own (you don’t have to have a loan with the credit union) with Auto Exam. Credit union staff and members have had a great experience working with Auto Exam and believe it is a great value for members’ vehicles.

There are many good reasons to purchase a vehicle service contract. Below, we list just a few of the most common:

• PROTECT YOUR BUDGET: The cost of automobile repairs has soared over the past few years. The technology in modern vehicles is expensive. Labor rates have also been on a steady climb as well. Unexpected auto repairs can break your budget and your savings. Many repairs cost thousands of dollars. Most people do not have those funds lying around for an unexpected repair. And no one wants to be without a car. A vehicle service contract will help pay for some of these unexpected repairs and keep your vehicle on the road. The cost of the coverage can be financed by Public Service Credit Union, leaving you with just a small monthly payment increase for coverage.

• PEACE OF MIND: Having a vehicle service contract can help give you peace of mind, knowing many of your future unexpected costs will be covered. Protecting your vehicle with a vehicle service contract can help you avoid the future stress of unforeseen repair costs.

• ADDED BENEFITS: In addition to the repair coverage, you also receive added benefits such as Toll-Free Roadside Assistance, Rental Benefits, Trip Interruption, and Tire Roadhazard Benefits included with your coverage.

What is Auto Deductible Reimbursement, and what does it cover?

In the event you make a claim on any motor vehicle you own and are insured under your primary automobile insurance, this coverage will reimburse you for your paid deductible up to $500.

Special Offer

• Purchase GAP, receive ADR free for two years

• Purchase both GAP and a vehicle service contract, and receive ADR free for three years

Learn More About Our Other Loans Available