Auto Loans-new car

Rates as low as 2.99%  APR*


Apply Now


Auto Loans 90 Day No Pay

Get a new car this summer and make no payments for 90 days.

With auto loan rates as low as 2.99% APR* up to 48 months.

  • No payments for up to 90 days^.
  • Offer available for new and used vehicles.
  • Financing up to 115% of the vehicle’s retail value.
  • No prepayment penalty.
  • Easy methods for monthly payments – online, automatic withdrawal, telephone and mail.


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
  • Instant approval notification when you apply online**
  • Up to a 0.50% discount off our current rates***
  • 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

1
Apply Online

Get the loan process started by submitting an online application.

Step

2
Complete Your Loan Documents

Once you have your purchase agreement, we will help you finalize your loan documents.

Step

3
Get a Loan Check

You are all set to make your purchase.


Apply Now

Low Auto Loan Rates with ALEC

Account Type Loan Term APR* as low as
New Auto Loans 1, 2
(2021-2022 less than 5,000 miles)

Up to 36 months

2.99%


48 months

2.99%


60 months

3.19%


72 months

3.39%


84 months

3.99%

Used Auto Loans (2015-2020) 1

Up to 36 months

2.99%


48 months

2.99%


60 months

3.19%


72 months

3.89%





Auto Loan Calculator

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$
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Est. Monthly Payment: 0




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 advice. We cannot and do not guarantee their applicability or accuracy regarding your individual circumstances.


Want to know just how much you can save when you finance your auto loan with ALEC?


Check out our Auto Loan Savings Calculator

Auto Loan Resources

Car Buying Resources

Protect yourself from expensive errors by researching your next used vehicle purchase ahead of time.

Vehicle & Loan Protection

Find peace of mind and be ready for the unexpected with our Auto Loan protection products.

Auto & Home Insurance

Great insurance for your car and home - with exceptional savings.

First Time Auto Buyer Program

ALEC's first time auto buyer program might be the right option for you if you are looking for a way to finance your first car.

Auto Buying Service

Use our online Auto Buying Service to research new cars and receive your Guaranteed Savings Certificate.

Auto Loan Calculator

Use our calculator to help you determine whether you should take advantage of low-interest financing or a manufacturer rebate.

Ready to Get Started?



* APR = Annual Percentage Rate. This offer applies only to new loans originated at ALEC. It is not available for refinances of existing ALEC auto loans.

** All loans are subject to credit approval.

*** 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 a 0.50% APR discount with a $500 monthly direct deposit into an ALEC Checking account and enrollment in E-Statements.

^ The 90-day deferral of the first payment is for qualified members. Finance charges will continue to accrue during the deferral period. Maximum term for an auto loan with a 90 day deferral is 75 months.