Credit union · NCUA insured
Parda Credit Union Auto Loan Rates
Parda Credit Union auto loans start at 4.99% APR for a new vehicle and 4.99% for a used one. Rates checked October 16, 2026.
How Parda Credit Union’s auto loan rates compare
Compared with banks and credit unions near Detroit, MI, where Parda Credit Union has the most branches. New vehicle, lowest advertised APR first.
This credit union’s lowest
Parda Credit Union
4.99%APR
- Terms
- 49–60 months
- Discount
- Included in the rate
New and Used Auto Loans
Lowest rate
Chief Financial Credit Union
3.99%APR
- Terms
- —
- Discount
- None included
2nd-lowest rate
FreeStar Financial Credit Union
3.99%APR
- Terms
- up to 60 months
- Discount
- Included in the rate
Parda Credit Union auto loan score
79
Auto loan score
Higher than 48% of U.S. banks and credit unions
- New vehicleNew4.99%
- Used vehicleUsed4.99%
Each track runs from the highest to the lowest rate among U.S. banks and credit unions; the dot is this rate.
Where Parda Credit Union ranks
By auto loan score, in each area where it has branches
Every rate
Current auto loan rates
Rates from the credit union’s website. Most are “as low as” rates for the best credit; yours depends on your credit, the term and the vehicle.
First-Time Auto Loan Buyer Program
Membership required. Must be 18 years or older to apply. First-time buyer with no previous auto credit. $500 minimum down payment required. Minimum job time required is 90 days for loan amounts up to $15,000 and 180 days for loan amounts up to $20,000 with verified income. Vehicle must be 15 years old or newer with less than 120,000 miles. Not eligible for Skip-A-Pay. 1% discount offered for completion of Banzai Teen Course Life Scenarios with passing score of 80% before loan closure.
| Terms | APR | Conditions |
|---|---|---|
| up to 60 months | 10.99% | Flat rate of 10.99% APR. 1% rate discount available for completion of Banzai Teen Course Life Scenarios (with passing score of 80% before loan closure). $500 minimum down payment required. Minimum job time 90 days for loans up to $15,000 and 180 days for loans up to $20,000. Vehicle must be newer than 15 years old with mileage under 120,000. |
Sources (1)
- parda.com/borrow/auto-loans · captured Oct 7, 2026
New and Used Auto Loans
Membership required. For qualified borrowers. Approval, rate, and term based on individual credit, value of collateral, and ability to repay. Refinancing option does not apply to current Parda Federal Credit Union loans. Up to 100% financing. Option to Skip-A-Pay periodically. No payments for 90 days promotion.
| Terms | APR | Conditions |
|---|---|---|
| up to 36 months | 4.49% | Lowest rate available; requires direct deposit with Parda Federal Credit Union. Rate and term may vary based on credit score, year of collateral and loan-to-value. |
| 37–48 months | 4.74% | Lowest rate available; requires direct deposit with Parda Federal Credit Union. Rate and term may vary based on credit score, year of collateral and loan-to-value. |
| 49–60 months | 4.99% | Lowest rate available; requires direct deposit with Parda Federal Credit Union. Rate and term may vary based on credit score, year of collateral and loan-to-value. |
| 61–72 months | 5.24% | Lowest rate available; requires direct deposit with Parda Federal Credit Union. Rate and term may vary based on credit score, year of collateral and loan-to-value. |
| 73–84 months | 6.24% | Lowest rate available; requires direct deposit with Parda Federal Credit Union. Rate and term may vary based on credit score, year of collateral and loan-to-value. |
Who can join Parda Credit Union
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Membership is open to any employee or retiree of an approved Select Employee Group (SEG).
Family and household
- Membership is open to family members of an employee or retiree of an approved Select Employee Group (SEG), including mother, father, sisters, brothers, children, grandchildren, grandparents, adoptive, and step families.
Other ways
- Consumers not otherwise eligible may join Parda Credit Union through the American Consumer Council (ACC) at no cost, subject to residency restrictions.
Cost to join
- There is no cost to join the American Consumer Council (ACC) for membership.
Membership information collected October 5, 2026.