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The perfect way to keep your automotive dreams on a roll.


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The perfect way to keep your automotive dreams on a roll.

Whether you’re 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 0.25% 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


Shopping for a vehicle? Our free Auto Buying Service, powered by TrueCar® — our national auto purchasing partner— helps you find the car you want, see what others have paid for it and enjoy guaranteed savings.^

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Get more mileage from your loan.
In addition, ALEC offers special options that help ensure maximum peace of mind — now and well down the road. Our Loan Protection Products provide enhanced coverage from the unexpected — for both your vehicle and your loan.

  • Credit Life and Disability Protection — Two affordable plans designed to ease the financial burden on you and your family in cases of injury, illness or death.
  • Guaranteed Asset Protection — The difference between your vehicle’s retail value and the amount you owe is covered if your car is stolen or totaled in an accident.
  • Mechanical Breakdown — Extended warranty coverage provides protection for expensive repairs beyond the manufacturer’s warranty period, at just a fraction of what you would pay elsewhere.


Ready to set the wheels in motion?

ALEC makes it easy to apply for an auto loan online or via the ALEC Mobile App. Or you can visit an ALEC Service Center. Or call 800.762.9988.

 


New Auto Loans

Get the best deal on your new car financing: 

  • Great rates starting as low as 1.99% APR
  • Up to 115% financing of the car’s value
  • Flexible terms up to 84 months
  • No prepayment penalty 
  • Up to a 0.25% discount off our current rates***

Apply for a new auto loan now

 

Used Auto Loans

Buying a used car? Get the best deal with a used auto loan: 

  • Great rates starting as low as 1.99% APR 
  • Up to 115% financing of the car’s value 
  • Flexible terms up to 84 months
  • No prepayment penalty 
  • Up to a 0.25% discount off our current rates***

Apply for a used auto loan now

Auto Loan Rates

At ALEC, we believe you shouldn’t have to pay high-interest rates for a new or used car loan. Our affordable auto loan rates, along with flexible loan terms, enable you to save money down the road while paying less today.

 
Account Type Loan Term APR* as low as
New Auto Loans  1, 2
(2019-2020 less than 5,000 miles)
Up to 36 months 1.99 %

48 months 1.99 %

60 months 1.99 %

72 months 2.99 %

84 months 2.99 %
Used Auto Loans (2013-2018) 1 Up to 36 months 1.99 %

48 months 1.99 %

60 months 1.99 %

72 months 2.99 %

*APR = Annual Percentage Rate. All loans subject to credit approval. Disclosed rates include ALEC’s 0.25% APR 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 do not meet the above criteria earn 0.25% APR discount with a $500 monthly direct deposit into an ALEC Checking account and enrollment in E-Statements. Discount not valid on credit cards, mortgage and home equity line of credit. Your rate may be higher depending on your credit history, age of vehicle, term of your loan and services used. Maximum financing up to 115% MSRP for qualified borrowers. All loans subject to credit approval. Rates subject to credit history, term and other factors. Not all applicants will qualify for our lowest rates. Rates can change daily.

1. Refinance of existing ALEC Auto Loans excluded.

2. 84-month loans are available with a minimum $25,000 loan amount.

Savings With ALEC Auto Refinancing

At ALEC, we make auto financing simple and straightforward. We understand that sometimes you already have auto financing, but want to save more money. If you’re currently paying a higher rate on a loan at another financial institution, consider refinancing it.

This convenient auto loan calculator and comparison tool makes it easy to determine whether refinancing with us is the right move for you. 

Loan Saver® allows you to enter your current information, and then shows you how much money you could save when you get approved for a loan from us.


















Shop Auto Loans With Ease, Buy With Confidence

Who doesn’t get excited about the thought of sliding behind the wheel of a beautiful new car? 

But shopping around can be laborious, and haggling over price can be a hassle.

ALEC’s Auto Buying Service, powered by TrueCar®, our national auto purchasing partner, is designed to save you time as well as money. With the Auto Buying Service, you can find the car you want, see what others have paid for it and enjoy guaranteed savings.* 

In fact, according to TrueCar, consumers who use TrueCar save an average of $3,221 off MSRP.** Best of all, you’re under no obligation whatsoever to purchase.


It’s remarkably easy to buy a car. Here’s how it works:

  • Get pre approved online for an ALEC auto loan, over the phone, or at your nearest ALEC Service Center.
  • Visit our Auto Buying Service online and research a new car based on your preferences or search thousands of pre-owned inventory and see dealer-guaranteed prices.
  • Print your Guaranteed Savings Certificate, which includes a summary of your car and your dealer contact information, so you can arrange a test drive and confirm availability. 
  • Present your Guaranteed Savings Certificate to your dealer for an easy and hassle-free car-buying experience.

Plus, with the upfront, transparent pricing TrueCar provides, you can eliminate unpleasant, hidden surprises that have hit uninformed buyers in the past.


Ready for a great car-buying experience?

Discover why TrueCar isn’t just a different way to buy a car. It’s a better way. To get rolling, simply click here. You can also visit an ALEC Service Center. Or call 800.762.9988.


^Guaranteed Savings represents the amount a TrueCar Certified Dealer guarantees you will save off the Manufacturer's Suggested Retail Price "MSRP" on any in-stock vehicle that is the same make, model and trim as your preferred vehicle. The Guaranteed Savings based on a vehicle without factory or dealer installed options and includes generally available manufacturer incentives. Guaranteed Savings currently not available in all states. In these instances, a "target price" is presented, which reflects a market-based example of what you can reasonably expect to pay for a vehicle configured with your desired options.

** All loans subject to credit approval.

*** 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 0.25% APR discount with a $500 monthly direct deposit into an ALEC Checking account and enrollment in E-Statements.