auto loans
Flexible terms, fast approval, excellent service, and great low rates.
great rates that will put you in the driver's seat.
Find the right vehicle loan, every time with ALEC. Flexible terms, competitive interest rates, and rapid approval. ALEC can help finance whatever your car goals are.
ALEC Auto Loans feature:
- Rates as low as 4.49% APR* on used autos up to 60 months and 4.74% APR* on new autos up to 72 months.
- Great rates on other terms
- 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 Branch or call us 24/7 at 800.762.9988.
1Disclosed rate includes ALEC’s 0.50% APR discount. ALEC members will automatically earn a 0.50% APR discount if they are new members applying for a loan within the first 60 days of membership OR if they are a returning ALEC loan member. Existing members that do not meet the above criteria earn 0.50% APR discount with a $500 monthly direct deposit into an ALEC Checking account and enrollment in E-Statements. Maximum financing up to 125% MSRP for qualified borrowers.
What Can We Help You With?
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 125% 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 2024-2025 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 2018-2023 and 2024-2025 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.
