VEHICLE LOANS

We make loans for the purchase of new or used cars, trucks, sport utility vehicles, vans, motorcycles and recreational vehicles (motor homes). Although we may offer special promotions from time to time, our goal is to offer the lowest vehicle loan rates in our area every day. Unlike some financial institutions that reduce their rates only in the spring or fall, you can be assured we'll have the lowest rates we can possibly offer no matter when you're in the market for a vehicle.

New Automobiles Used Automobiles
New Motorcycles Used Motorcycles
New Recreational Vehicles Used Recreational Vehicles


NEW AUTOMOBILES
We'll finance up to 100% of the total sale price of a new automobile including tax, title, tags, dealer prep, freight, options, extended warranty and GAP coverage. The maximum repayment period is 7 years depending on the total amount borrowed. A current or previous year model will be considered “new” if it has never been titled and the odometer reading is no more than 6,000 miles.

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USED AUTOMOBILES
We'll finance up to 100% of the total sale price of a used automobile (including tax, title, tags, extended warranty and GAP coverage) or the retail value as listed in the Eastern Edition of the NADA Official Used Car Guide, whichever is less. The maximum repayment period is 5 years depending on the age of the vehicle. If you're buying a used vehicle from Enterprise Car Sales, we'll finance the purchase at our New Auto interest rates.

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NEW MOTORCYCLES
We'll finance up to 90% of the total sale price of a new motorcycle including tax, title, tags, dealer prep, freight, options, extended warranty and GAP coverage. The maximum repayment period is 6 years. A current or previous year model will be considered “new” if it has never been titled and the odometer reading is no more than 3,000 miles.

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USED MOTORCYCLES
We'll finance up to 90% of the total sale price of a used motorcycle (including tax, title, tags, extended warranty and GAP coverage) or the appraised value, whichever is less. We may require an appraisal of the used motorcycle at the member’s expense. The maximum repayment period is 4 years.

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NEW RECREATIONAL VEHICLES (MOTOR HOMES)
We'll finance up to 90% of the total sale price of a new recreational vehicle including tax, title, tags, dealer prep, freight, options and extended warranty. The maximum repayment period is 12 years depending on the amount financed. A current or previous year model will be considered “new” if it has never been titled and the odometer reading is no more than 6,000 miles.

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USED RECREATIONAL VEHICLES (MOTOR HOMES)
We'll finance up to 90% of the total sale price of a used recreational vehicle (including tax, title, tags and extended warranty) or the appraised value, whichever is less. We may require an appraisal of the used recreational vehicle at the member’s expense. The maximum repayment period is 5 years.

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REFINANCING AN AUTO LOAN FROM ANOTHER LENDER
When paying off a loan from another lender, we'll finance up to 110% of the NADA retail value or the amount required to pay off the loan, whichever is less, at our normal Used Auto loan rates and subject to our normal loan qualification guidelines.

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Perry Point Federal Credit Union®  410-642-6037  1-800-625-6336   Fax 410-642-2495   Privacy Policy