Have an auto loan elsewhere?
You can save when you refinance your new or used vehicle with ALEC. Rates as low as 1.74% APR* for terms up to 48 months.View rates.
See how much you can save.
|Loan Amount||APR*||Term (months)||Total Finance Charge|
|Current Loan Held Elsewhere||20,000||4.50%||48||$1,891.32|
|ALEC Auto Loan||20,000||1.74%||48||$ 718.55|
Use our Loan Saver tool to calculate your savings.
You get more than great rates!
- Full financing – up to 115% of the value of your new or used auto¹
- Flexible terms – whatever fits your budget best, up to 84 months
- 24/7 loan approval – online or by phone
- Easy ways to pay – by mail, automatic withdrawal, phone or online
Refinancing is quick and easy.
Just have the following information available regarding your automobile refinance:
- Make, model and year
- Current mileage
- Serial number
- Current lender name and phone number
Realize the savings today.
* APR= Annual Percentage Rate. The disclosed rate of 1.99% APR is effective 01/01/14 for used auto loans for terms up to 48 months for model years 2007-2013 and includes a 0.25% APR rate discount to members with an ALEC Rewards Checking. Members with Free Checking that elect a $500 monthly direct deposit to their checking account and automated payments for the new loan are eligible to receive a 0.10% APR rate discount off ALEC's standard loan rates.Your rate can be higher depending on your credit history, age of vehicle, term of your loan and services used. Rates can change daily. All loans are subject to credit approval. 1Financing up to the 115% retail value of the auto is available to qualified borrowers on new and used autos. The title fee to transfer the lien holder to ALEC will apply.
#. For illustration purposes only. Estimated monthly payment per $1,000 borrowed at 1.99% APR for 48 months is $41.17.
Excludes refinance of existing ALEC auto loans. To refinance an existing ALEC loan, the member is required to bring an additional loan to ALEC or an additional draw of $5,000.