auto
loans

Drive into your next adventure.

90 Days. No Payments.

Finance with ALEC and we'll defer your first payment until 2027¹ so you can enjoy greater financial flexibility and freedom this Fall.

ALEC Auto Loans feature:

Rates as low as 3.99% APR* on new autos up to 48 months and as low as 4.49% APR* on used autos up to 72 months²
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 rates³
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.

* APR = Annual Percentage Rate. 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. Advertised rate includes ALEC's 0.50% APR discount and is valid on new auto loans up to 48 months and used auto loans up to 72 months. Valid on applications received from October 1st – October 31st, 2026. Maximum financing up to 125% MSRP or JD Power value dependent on the age of the vehicle and credit history. Refinance of existing ALEC loans excluded.

1. The 90-day deferral of the first payment is for qualified members. Finance charges will continue to accrue during the deferral period. Payment deferral is not automatically offered and must be requested during the application process or prior to loan closing. Loans purchased with Guaranteed Asset protection (GAP) have a maximum term of 84 months and must make the first payment within 90 days. Promotion may be changed or end at any time at ALEC’s discretion.
2. Minimum loan amount is $25,000 for 72 month terms.
3. 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.

Apply Today

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 rates.²
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.

Apply Now

What Can We Help You With?

Find a Car

Tips on Buying a Car

Refinance a Car

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

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 ²
New Auto Loans ^3,4 2025-2026 less than 5,000 miles	Up to 36 months	3.99%
	48 months	3.99%
	60 months	4.24%
	72 months	4.24%
	84 months	4.49%
Used Auto³ 2019-2024 and 2025-2026 with over 5,000 miles	Up to 36 months	4.49%
	48 months	4.49%
	60 months	4.49%
	72 months	4.49%
	84 months	5.99%

Making your auto loan payment should be simple and convenient. Whether you prefer to pay online, from your mobile device, in person, or by mail, ALEC offers a variety of secure payment options to fit your lifestyle. For more auto loan payment options, click the button below.

Explore Loan Payment Options

Auto Loan Resources

Auto Buying Service

ALEC's auto buying service is designed to save you time and money when looking for a car. Find your dream vehicle today!

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.

Have questions? We are here to help!

Contact Us Online

Visit a Branch

Call 800.762.9988

1. Advertised rate valid on New Auto Loans up to 48 months and Used Auto Loans up to 72 months opened beginning October 1st and closed by October 31st, 2026.

2. Disclosed rates include 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 the 0.50% 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 125% MSRP for qualified borrowers.

3. Refinance of existing ALEC Auto Loans excluded.

4. 72-month loans are available with a minimum $25,000 loan amount. 84-month loans are available with a minimum $30,000 loan amount.

auto
loans

drive home today.
wait until next year to pay.

ALEC Auto Loans feature:

drive into your next purchase
with confidence.