auto loans
Flexible terms, fast approval, excellent service, and great low rates.
save on your next car and lock in a great rate.
ALEC Auto Loans feature:
- Rates as low as 4.99% APR* on new and used autos up to 72 months
- Better than dealer pricing on auto loan protection products
- Fast approvals when you apply online
- Up to 0.50% discount off our current rates1
- Easy payment methods and no prepayment penalty
Apply online or through the ALEC Mobile app. You can also visit an ALEC Service Center or call us 24/7 at 800.762.9988.
What Can We Help You With?
Rates with APR* as low as
At ALEC, our team is dedicated to lending a hand to our members to make the process of obtaining a new car loan as easy as possible. Whether you are somewhat of a fanatic about the vehicle you drive, or someone who simply appreciates a dependable mode of transportation, ALEC has an auto loan that will make you happy. Looking for a great auto loan? Ours comes loaded with these standard features:
- Competitive interest rates on cars and trucks, new and used
- Rapid approval notification when you apply online*
- Up to a 0.50% discount off our current rates1
- Flexible terms up to 84 months
- No prepayment penalty
- Up to 115% financing of the value of new and used autos
- Easy methods for monthly payments — via online, automatic withdrawal, telephone, and mail
- 24/7 online and phone support
Easy Loan Application Process
Skip lengthy dealership paperwork and shift your gears into savings by using our online loan applications. Getting new car loan pre-approval with ALEC is as easy as 1-2-3:
Step | Apply OnlineGet the loan process started by submitting an online application. |
Step | Complete Your Loan DocumentsOnce you have your purchase agreement, we will help you finalize your loan documents. |
Step | Get a Loan CheckYou are all set to make your purchase. |
Auto Loan Rates
ALEC is proud to provide outstanding rates and term lengths to all members of our banking family.
| Type | Loan Terms | APR* as low as 1 |
|---|---|---|
| New Auto Loans 2,3 2023-2024 less than 5,000 miles | Up to 36 months | 4.49% |
| 48 months | 4.99% | |
| 60 months | 5.24% | |
| 72 months | 5.49% | |
| 84 months | 5.99% | |
| Used Auto 2 2017-2022 and 2022-2024 with over 5,000 miles | Up to 36 months | 5.24% |
| 48 months | 5.49% | |
| 60 months | 5.74% | |
| 72 months | 5.99% |
Auto Loan Calculator
*All examples are hypothetical and are for illustrative purposes. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy with regard to your individual circumstances.
