Image: Young woman with pink dreadlocks sitting in trunk of car
In a Nutshell
Patelco auto loans can come with competitive rates as well as the ability to qualify for rate reductions over time. The credit union helps make the car-purchase process easier with free “concierge” assistance for members and the ability to apply for preapproval. But to potentially take advantage of these benefits, you must be a member or eligible for membership.
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What you need to know about Patelco auto loans
Based in California’s Bay Area, Patelco Credit Union is one of the largest credit unions in the country. Founded in 1936 by a few employees of the Pacific Telephone and Telegraph Company (AT&T today), Patelco now serves communities in Northern California as well as the employees of businesses across the U.S.
Is a Patelco Credit Union auto loan right for you?
Patelco could be a good option for someone new to car-buying and financing — or who’s short on time. Patelco offers the convenience of applying for auto loan preapproval and help in selecting and buying a car online, all in one place.
Patelco could also be ideal for someone who qualifies for the credit union’s competitive starting APR or for rate reductions through the LevelUp program.
But if you don’t qualify for membership or want to finance an older vehicle, you’ll need to look elsewhere for a car loan.
About the author: Sarah Archambault is a freelance writer based in New England. She enjoys learning new ways to spend money wisely and helping others figure out how to make smart financial decisions. Sarah is a graduate of the Newhouse… Read more.
