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auto-loans

Auto Loans

We’re driven by your best interest.

For a limited time, make no payments for 90 days!1

Parda’s financing helps you get the most for your money. As a not-for-profit financial institution, we can offer lower interest rates than banks or dealerships — which means that you pay less for your vehicle over time.

Parda New And Used Auto Loans

  • Competitive interest rates as low as 3.99% APR2
  • Up to 100% financing
  • A variety of terms to fit your budget
  • Pre-approval -- so you can negotiate as a “cash-in-hand” buyer
  • Fast answers on your online, phone, or in-person application
  • Option to Skip-a-Pay periodically3
  • Debt protection coverage is available
  • Guaranteed Asset Protection Plus (GAP Plus) coverage is available
  • Mechanical Repair Coverage (MRC) is available

 

5 Things To Do Before Visiting The Car Dealership

Thinking about buying a car? There are many factors to keep in mind when purchasing a new vehicle, including: what the right car is for you, the various financing and insurance options that are available to you, and making sure the car dealership respects your budget and needs. Here is a checklist of things to do before you visit a car dealership:

1. Create a budget
Setting the amount you want to spend shows the car salesperson that you have thought through the process and will provide you with more control to get the deal you deserve. It is also important to understand how much you can afford in monthly payments and how much you will have to pay in interest over the course of the loan.

2. Do your research
With the internet and numerous resources, there’s no need to enter a car dealership uninformed. Parda is partnered with Banzai, which provides an entirely FREE collection called “Getting a Car” with courses, coaches, calculators, and more!

3. Apply for financing
Credit Union financing is usually the smartest bet and will put you at a tremendous advantage before visiting a car dealership. Apply for a car loan and get it pre-approved with Parda beforehand, so that you can shop at the dealership as a cash buyer and/or be able to negotiate.

4. Take your time
Purchasing a new vehicle is a big decision. Don’t feel pressured into making an impulsive decision about buying a car. The car that you buy will effectively be a life partner for the duration of your ownership period. Getting it right or wrong can affect your daily life from the moment you buy it until the day you sell it. So, take all the time you need. Test drive different vehicles, complete as much research as needed, and compare all the pros and cons.

5. Plan your visit
Before visiting the dealership, create a specific plan. Planning in advance can help withstand the high-pressure tactics that some dealerships employ. Choosing the right dealership, getting a loan pre-approved at Parda, having your research done, and more, will help you save the time and the stress that can come with buying a new car.

Discounted Auto Insurance

Our partnership with TruStage gives you access to members-only savings on your auto insurance.4

Get a quote now.

Already Financed Elsewhere?

Chances are good that we can lower your interest rate, your monthly payment, or both. Compare our auto loan rates to your current loan, and then contact us to find out how much you can save by refinancing your vehicle from any other institution. 5

Membership required.  For qualified borrowers. Approval, rate, and term based on individual credit, value of collateral, and ability to repay. Rates and terms subject to change at any time.
1Interest accrues at the time of the loan. Valid through 2.28.2023. Some restrictions may apply. Rate is based on individual credit history (credit score), term, collateral value and ability to repay (proof of income). APR is subject to change. Contact a Credit Union representative for complete details. Refinancing option does not apply to current Parda Federal Credit Union loans. Some restrictions may apply. 
2APR - Annual Percentage Rate
3ISkip a Pay offers exclude Line of Credit, Parda Premier Line of Credit, all Real Estate Loans, and balloon auto loans. Interest will continue to accumulate on your loan(s) during the month you skip your payment.
4TruStage® Auto and Home Insurance program is made available by TruStage Insurance Agency, LLC and issued by ©Liberty Mutual. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by Parda Federal Credit Union. Discounts are not available in all states and discounts vary by state.
5Refinancing option does not apply to current Parda Federal Credit Union loans. Some restrictions may apply.