Flexible terms, fast approval, excellent service, and great low rates.
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 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:
Get the loan process started by submitting an online application.
Complete Your Loan Documents
Once you have your purchase agreement, we will help you finalize your loan documents.
Get a Loan Check
You 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%|
|Used Auto 2
2021-2022 with over 5,000 miles
|Up to 36 months|
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.
Want to know just how much you can save when you finance your auto loan with ALEC?
Auto Loan Resources
Buying A Car
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.