auto loans
Flexible terms, fast approval, excellent service, and great low rates.
fuel up your savings.
And be entered to win a $500 gas card* for wherever the journey takes you.
Our special ALEC Auto Loan promotion offers:
- Loans for new and used vehicles
- Great low rates on terms up to 84 months
- Chance to win one of four $500 gas cards
- Available in all 50 states
- No prepayment penalty
- Instant approval when you apply online
- Full financing up to 115% of the value of new vehicles
- Easy ways to pay
What Can We Help You With?
Rates with APR* as low as
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 rates1
- 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 |
Apply OnlineGet the loan process started by submitting an online application. |
Step |
Complete Your Loan DocumentsOnce you have your purchase agreement, we will help you finalize your loan documents. |
Step |
Get a Loan CheckYou are all set to make your purchase. |
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 1 |
New Auto Loans 2,3 2022-2023 less than 5,000 miles |
Up to 36 months | 4.49% |
48 months | 4.74% | |
60 months | 4.99% | |
72 months | 5.24% | |
84 months | 5.74% | |
Used Auto 2 2016-2021 and 2021-2022 with over 5,000 miles |
Up to 36 months | 4.49% |
48 months | 4.74% | |
60 months | 4.99% | |
72 months | 5.44% |
Auto Loan Calculator
*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 investment advice. We cannot and do not guarantee their applicability or accuracy with regard to your individual circumstances.