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New Car. Used Car. Same Great Rate.


Buy a new or used car with at same great rate.

Trying to decide between buying a new car or used car? We can't make that purchasing decision for you. But we can make the financing choice easy. ALEC is offering the same great loan rate on new or used cars - for a limited time. 

Our auto loan come fully equipped:

  • Rate as low as 1.99% APR* for up to 48 months
  • Financing up to 115% of the vehicle's retail value
  • No prepayment penalty
  • Easy repayment methods - online, automatic withdrawal, telephone and mail
  • 24/7 online and phone support
  • ALEC Auto Buying Service powered by TrueCar® for free research tools and guaranteed savings

Already have an auto loan elsewhere? Refinance it with ALEC and save with our great rate.

Apply here or through the ALEC Mobile App to receive instant-approval notification. You can also visit an ALEC Service Center or call 800.762.9988. Our special opportunity will help put you in the driver's seat.

Apply now. This offer ends September 30, 2017.



*APR = Annual Percentage Rate. The advertised APR is reserved for qualified individuals and applies to new vehicles (model years 2016 and newer with less than 5,000 miles) with terms to 48 months, as well as used vehicles (model years 2010-2016) with terms to 48 months. The advertised APR reflects a 0.25% discount. ALEC members will automatically earn a 0.25% 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 don't meet the above criteria earn the 0.25% APR discount with a $500 monthly direct deposit into an ALEC Checking account and enrollment in E-Statements. The minimum approved loan amount for this offer is $2,000 for used vehicles and $4,000 for new vehicles. Payment example: A $20,000 loan with a 48-month term and 1.99% APR would have 47 payments at $440.61 and a final payment of $440.67.