Buying a vehicle can be stressful. Finding low rate auto financing through a lender you can trust makes the process a lot easier to enjoy. Whether you’re on the road to find your new or used car or simply want to leave high rates in the dust, let us take you the rest of the way!
Already have a car, but looking for a new, low rate? Consider refinancing with us.
Auto Loan Rates
Unlike commercial financial institutions, People’s Trust Federal Credit Union is able to offer lower interest rates to borrowers.
Why is that?
Because we’re a member-owned, non-profit co-op, we’re able to pass along savings to our members. That means you!
Although terms and conditions apply, when you come to us, we’re able to take a look at you as a whole person. You’re more than a credit score or credit report. We’ll work with you to find the best loan amounts, rates, and terms to help you meet your car ownership goals.
Take a look at our rates and terms – up to 90% financing for first-time buyers, and up to 100% on both used and new vehicles! Subject to approval.
Estimate Your Monthly Car Payments
Use this auto loan calculator to help you determine your monthly car loan payment or your car purchase price. After you have entered your current information, use the graph options to see how different loan terms or down payments can impact your monthly payment.
You can also examine your complete schedule to pay off your loan by clicking on the "View Report" button.
Car financing:Press spacebar to hide inputs | Loan amount: $18,440 |
Down payment:Press spacebar to show inputs | $2,500 |
Taxes and fees:Press spacebar to show inputs | $940 |
Principal Balances for $18,440 in financingpress spacebar to hide graph |
How does the term affect my payment?press spacebar to show graph |
How does the down payment affect my payment?press spacebar to show graph |
Definitions
Calculate for
Choose what you would like to calculate. You can choose to calcualte the payment or the purchase price.
Monthly payment
Monthly payment for your auto financing.
Total purchase price (before tax)
This is the total cost of your auto purchase. Include the cost of the vehicle, additional options and destination charges. Don't include sales tax in this amount. Sales tax will be calculated for you and included in your total after-tax price.
Term in months
Number of months for this loan.
Interest rate
Annual interest rate for this loan.
Rebates and cash down
Total amount of cash and/or factory rebates used in this purchase. The larger your cash down payment the smaller the loan you will need to finance this purchase.
Trade allowance
The total amount that you are given for any automobile that you trade-in as part of this purchase. In some states a trade-in can also reduce the amount of sales tax you will owe. See the definition for "No sales tax deduction for trade-in" for more information on trade-in vehicles and sales tax.
Amount owed on trade
Total loan balance still outstanding on the trade-in.
Non-taxable fees (optional)
Any additional fee that is not subject to sales tax. This usually includes document fees or any other fees that may be due at delivery and are not taxable.
Taxable fees (optional)
Any additional fee that is subject to sales tax. This usually includes title transfer fees or any other fees that may be due at delivery and are taxable.
Sales tax rate
Sales tax percentage rate charged on this purchase.
No sales tax deduction for trade-in
If you live in a state where your sales tax is calculated on your full purchase price, check this box. If this box is unchecked, sales tax is calculated on the purchase price less trade-in. Currently California, the District of Columbia, Hawaii and Michigan allow no deductions for trade-ins when calculating sales tax. In addition, Alaska, Delaware, Montana, New Hampshire and Oregon have no sales tax on autos.
Auto Loan Features
In addition to low rates and pre-approval, we offer a variety of member benefits that make your car-ownership journey a breeze.
Express Check
Accelerate financing by getting pre-approved so you can shop like a cash buyer.
GAP and Debt Protection
Protect your vehicle from theft and a complete loss.
Enjoy affordable, top-quality protection.
Buyer’s Guide
Step-by-step instructions on how to negotiate your vehicle purchase at the dealership.
Still looking for the perfect ride?
Love our excellent vehicle loan rates but want to read more about our flexible terms and great benefits? Check out our partner, Enterprise Car Sales, for a great selection of used cars and trucks.
As a People’s Trust member, you have access to tools that will give you an edge in the car-buying process.
Get up to speed through our Member Auto Center:
- Find local dealer sales, coupons, and incentives
- See a complete list of Preferred Dealers and their contact information
- Get an offer on your vehicle–we’ll beat any CarMax price
- Get car-buying advice and research vehicle values
- Protect your new auto with GAP and Debt Protection coverage.
Before you even get started, take a look of what’s available with our preferred dealer inventory search tool below.
Search Preferred Dealer Inventory
* Vehicle must be purchased and titled in the state of Texas
Search Preferred Dealer Inventory
CURRENT LOAN RATES
Rates
| Account Type | APY* | Projected Dividend Rate |
| Membership Savings | 0.05% | 0.05% |
| Everyday Savings | 0.05% | 0.05% |
| IRA Contributory** | 0.05% | 0.05% |
*APY = ANNUAL PERCENTAGE YIELD
** Includes Traditional, Roth, Educational and SEP Contributory IRAs. Click to view Disclosures and Fees for more information.
| Account Type | Balance to Earn Dividends | APY* | Dividend Rate |
| Simple Checking | N/A | N/A | N/A |
| Secure Checking | N/A | N/A | N/A |
| Premier Checking | <$2,500 >$2,500 |
0.02% 0.05% | 0.02% 0.05% |
*APY=Annual Percentage Yield. Click to view Disclosures & Fees.
| tier | Balance | Projected DIVIDEND rate | apy* |
| Tier I | $2,500.00 - $24,999.99 | 0.10% | 0.10% |
| Tier II | $25,000.00 - $99,999.99 | 0.15% | 0.15% |
| Tier III | $100,000 - $249,999.99 | 0.20% | 0.20% |
| Tier IV | $250,000 to $499,999.99 | 0.25% | 0.25% |
| Tier V | $500,000 and above | 0.30% | 0.30% |
| deposit amounts | Dividend Rate | APY* |
| $1,000.00 - $9,999.99 | 0.13% | 0.13% |
| $10,000.00 - $24,999.99 | 0.15% | 0.15% |
| $25,000.00 - $49,999.99 | 0.17% | 0.17% |
| $50,000.000 - $99,999.99 | 0.19% | 0.19% |
| $100,000.00 or greater | 0.21% | 0.21% |
| deposit amounts | Dividend rate | apy* |
| $1,000.00 - $9,999.99 | 0.28% | 0.28% |
| $10,000.00 - $24,999.99 | 0.30% | 0.30% |
| $25,000.00 - $49,999.99 | 0.32% | 0.32% |
| $50,000.000 - $99,999.99 | 0.34% | 0.34% |
| $100,000.00 or greater | 0.36% | 0.36% |
| deposit amounts | dividend rate | APY* |
| $1,000.00 - $9,999.99 | 0.31% | 0.31% |
| $10,000.00 - $24,999.99 | 0.33% | 0.33% |
| $25,000.00 - $49,999.99 | 0.35% | 0.35% |
| $50,000.000 - $99,999.99 | 0.37% | 0.37% |
| $100,000.00 or greater | 0.39% | 0.39% |
| deposit amounts | Dividend Rate | apy* |
| $1,000.00 - $9,999.99 | 0.33% | 0.33% |
| $10,000.00 - $24,999.99 | 0.35% | 0.35% |
| $25,000.00 - $49,999.99 | 0.37% | 0.37% |
| $50,000.000 - $99,999.99 | 0.39% | 0.39% |
| $100,000.00 or greater | 0.41% | 0.41% |
| deposit amounts | dividend rate | apy* |
| $1,000.00 - $9,999.99 | 0.41% | 0.41% |
| $10,000.00 - $24,999.99 | 0.43% | 0.43% |
| $25,000.00 - $49,999.99 | 0.45% | 0.45% |
| $50,000.000 - $99,999.99 | 0.47% | 0.47% |
| $100,000.00 or greater | 0.49% | 0.49% |
| deposit amounts | dividend rate | apy* |
| $1,000.00 - $9,999.99 | 0.48% | 0.48% |
| $10,000.00 - $24,999.99 | 0.50% | 0.50% |
| $25,000.00 - $49,999.99 | 0.52% | 0.52% |
| $50,000.000 - $99,999.99 | 0.54% | 0.54% |
| $100,000.00 or greater | 0.56% | 0.56% |
| deposit amounts | dividend rate | apy* |
| $1,000.00 - $9,999.99 | 0.53% | 0.53% |
| $10,000.00 - $24,999.99 | 0.55% |
0.55% |
| $25,000.00 - $49,999.99 | 0.57% | 0.57% |
| $50,000.000 - $99,999.99 | 0.59% |
0.59% |
| $100,000.00 or greater | 0.61% |
0.61% |
| deposit amounts | dividend rate | apy* |
| $1,000.00 - $9,999.99 | 0.58% | 0.58% |
| $10,000.00 - $24,999.99 | 0.60% | 0.60% |
| $25,000.00 - $49,999.99 | 0.62% | 0.62% |
| $50,000.000 - $99,999.99 | 0.64% | 0.64% |
| $100,000.00 or greater | 0.66% | 0.66% |
| deposit amounts | dividend rate | apy* |
| $1,000.00 - $9,999.99 | 0.73% | 0.73% |
| $10,000.00 - $24,999.99 | 0.75% | 0.75% |
| $25,000.00 - $49,999.99 | 0.77% | 0.77% |
| $50,000.000 - $99,999.99 | 0.79% | 0.79% |
| $100,000.00 or greater | 0.81% | 0.81% |
| deposit amounts | dividend rate | apy* |
| $1,000.00 - $9,999.99 | 0.88% | 0.88% |
| $10,000.00 - $24,999.99 | 0.90% | 0.90% |
| $25,000.00 - $49,999.99 | 0.92% | 0.92% |
| $50,000.000 - $99,999.99 | 0.94% | 0.94% |
| $100,000.00 or greater | 0.96% | 0.96% |
| deposit amounts | dividend rate | apy* |
| $0.01 - $9,999.99 | 0.33% | 0.33% |
| $10,000.00 - $24,999.99 | 0.35% | 0.35% |
| $25,000.00 - $49,999.99 | 0.37% | 0.37% |
| $50,000.000 - $99,999.99 | 0.39% | 0.39% |
| $100,000.00 or greater | 0.41% | 0.41% |
APY=Annual Percentage Yield. Click to view disclosures.
| pre-owned autos | term | APR1 |
| Up to 100% Financing | 0 - 84 Months | 1.99%* - 16.24% |
| first-time buyer new/used | term | APR1 |
| Up to 90% Financing | 0 - 60 Months | 7.49% |
Click here to apply for your pre-owned auto loan.
*Maximum term of 36 months for lowest APR. Rates and terms may vary and are subject to normal credit, underwriting and collateral value guidelines. Auto discounts may apply for GAP, Warranty and/or Debt Protection. Rates and terms subject to change without notice.
| type | term | APR1 |
| New & Used | Up to 72 Months | 3.99% - 5.49% |
Motorcycle financing is only available when purchased through a dealership.
Click here to apply for your motorcycle loan.
MOTORCYCLE LOAN CALCULATORS
Compare what the dealer is offering you to what we can help you with using our Dealer vs Credit Union Financing Calculator. You can also use our Motorcycle Loan Calculator to find the best payment for you.
| card Type | APR1 | card limit |
| VISA Platinum** | 7.90% - 17.90%* | $300 - $25,000 |
| MasterCard Rewards | 6.24% - 16.24%*** | $300 - $35,000 |
Monthly payment is 2% of principal or $18, unless the balance is less than $18.00.
* Depending on your credit score.
**Secured VISA available at 10.90%.
*** Variable rate based on Prime + 2.74-13.24
| ready cash line of credit | APR1 | term |
| Up to $35,000 | 12.70% - 18.00% | Open |
*Rates above apply to existing accounts only. Ready Cash no longer available as new account.
| Money management line of credit | APR1 | term |
| Up to $35,000 | 8.25% - 15.25% | Open |
Variable rate based on a current Wall Street Journal Prime Rate + 5.00% - 12.00%
| loan amount | APR1 | term |
| Up to $35,000 | 8.01% - 18.00% | Up to 60 Months |
APR = Annual Percentage Rate
| type | APR1 | term |
| Certificate Secured | 3.00% Above Index | Up to Maturity Date of Certificate |
| Share Secured | 3.00% Above Index | 0 - 120 Months |
| type | APR1 | term |
| New & Used | 3.99% - 18.00% | Up to 120 Months |
Boat financing is only available when purchased through a dealership.
mortgages
People’s Trust is now able to get you quicker pre approvals, better rates, and a more streamlined process between the application and your closing date.
We can help you with a full menu of competitive mortgage programs that include:
1 APR = Annual Percentage Rate
