Pre-Owned Auto Loans

Finance your Pre-Owned vehicle purchase, or refinance your existing vehicle loan* or buy-out your existing lease with Parsons Federal Credit Union and take advantage of our competitive rates and flexible terms!

Pre-Owned Auto Purchase

  • Finance up to 100% of Kelley Blue Book Wholesale Value including GAP.
  • Model years 2005 and newer are eligible for financing.
  • Minimum Loan Amount, $5,000.
  • Terms up to 72 months**
  • Member Loyalty Pays! Click here for Power Account reward details!

* Existing PFCU auto loans not eligible for refinancing.

**72 Month Vehicle Loans only available for loans $25,000 and over

Private Party Purchases

If you are purchasing your vehicle through a private party, please include the following documents and information with your application:

  • Original Certificate of Title if the seller is not currently financing the vehicle.
  • Signed Authorization of Payoff from Seller (if there is a financing lien)
  • Copy of most recent statement or payment coupon which lists lenders phone number and address.
  • Written inspection or photographs of the vehicle. Include current mileage and all equipment options*.
  • Copy of the current vehicle registration document.

*May be obtained from an authorized dealer.

Please be advised that we do not finance vehicles purchased on EBay, Craigslist or from auction.

Refinancing Auto Loans from Another Lender

If you are refinancing a vehicle loan currently financed through another lender, please include the following with your application:

  • Written inspection or photographs of the vehicle. Include current mileage and all equipment options.
  • Copy of the current vehicle registration documents.
  • Copy of most recent statement or payment coupon which lists lenders phone number and address.

Due to privacy concerns, lenders may not release information about your loan directly to us. We may ask that you obtain payoff information about your loan and forward it to us.

Lease Buyouts

You can also finance your Lease Buy-Out with PFCU. The loan is treated as Pre-Owned vehicle loan with our standard rates and terms. In addition to the above documents, please provide the following with your application to Buy-Out your Lease:

  • Lease Buyout instructions from your leasing company. The instructions should outline the Following:
    • amount required to terminate the lease
    • a condition report
    • instructions for completing the DMV paperwork.

Due to privacy concerns, most leasing companies will not provide information about your lease directly to us. Also, the leasing company involved may direct you to an affiliated auto dealer to complete the lease termination procedure. In such cases, the dealer will assist you in completing our loan paperwork.

Note: Parsons Federal Credit Union is unable to finance vehicles registered to a business.

Our Online Loan Application is currently under construction to better serve our members. Please click on the Apply for a Loan button below for our printable Loan Application.

Click here for Current Pre-Owned and Refinanced Vehicle Loan Rates

Why finance with PFCU? - click here for the answer.

How much will my auto payment be?

BALANCE Financial Fitness

Parsons Federal Credit Union is pleased to announce our partnership with BALANCE. BALANCE offers free, personal and confidential financial counseling and planning services to members of PFCU. Whether you are looking to get out of debt, improve your credit or, plan for your future, BALANCE can help! Call 888-456-2227, or click on the BALANCE icon below.