Auto Loans
Auto loans that keep you in control before, during and after you buy.
Auto Loans with All the Right Features
At Piedmont Advantage, our auto loans are built around you: your time, your budget and your peace of mind. From buying new, used or looking to refinance, we keep things simple, flexible and transparent. Enjoy fixed rates, longer terms and more buying power (yes, up to 125%1). Plus, no hidden fees and zero penalties if you pay earlier.
Rate Discount with Automatic Loan Payment and the Loyalty Rewards Program
We love sharing the many opportunities we have to help you save money. Here are two when you finance your next new or used auto with us.
- Set up automatic loan payments and enjoy a 0.25% APR2 discount, plus the relief that comes with knowing you may never miss a due date.
- If you’ve been a member for five years or more and meet our Loyalty Rewards Program criteria, you’ll automatically receive a 0.25% APR2 discount at loan closing.
- When you stack these discounts, that’s 0.50% APR2 off your next auto loan. Simple. Smart. Seriously worth it.
Take Advantage of our Pre-approval
Why get pre-approved? Because walking into a dealership with a pre-approval is like showing up with the answers to the test.
- Shop with confidence. Skip the awkward financing talks at the dealership. You’re already approved and calling the shots.
- Save time at the dealership. You’ve already done the paperwork. If your dealership is one of our Preferred Dealers, you can complete the auto financing on the spot. Only our Preferred Dealers can electronically send us the necessary sales information to finalize your loan.
When You Get a PACU Auto Loan, Pause and Ask, “Should I Get GAP Coverage?”
If your car is totaled or stolen, Guaranteed Asset Protection (GAP) Insurance covers the difference between what your insurance pays and what you still owe on your loan. That “gap”? It can be thousands of dollars.
- When you get GAP coverage with us, the added expense to your loan payment is minimal. Think of it this way: adding GAP coverage to a new auto loan costs about the same as buying just one or two fancy cups of coffee each month.
- Plus, if you ever need to use your GAP coverage purchased through Piedmont Advantage, you’ll receive $1,000 toward the purchase of a replacement vehicle if you finance it through Piedmont Advantage.
Get Pre-approved Today
Ready to get in the driver’s seat?
Auto Loan FAQs
View our current auto loan rates on the rates page of our website.
We strive to provide the financial assistance you need despite less than perfect credit history. Additionally, our free, in-house, certified financial counselors are available to provide guidance with rebuilding your credit.
Yes! Contact us today for details.
No! We finance both private sales as well as dealership sales.
Resources
Advantage Insights Blog
Here, you’ll learn more about who we are, what we do and why it matters to you.
YouTube Channel
Watch past webinars, roundtable discussions and podcast videos, all catalogued on our channel for your convenience.
Reach your financial goals
Our easy-to-use calculators can help you make the right financial decisions. Let us help you research.
Disclosures
1Maximum amount of loan for new autos varies between 85% and 125% of dealer invoice price, depending on creditworthiness, term and value of vehicle. Maximum amount of loan for used autos varies between 90% and 125% of NADA clean retail value, depending on creditworthiness, term and value of vehicle. Estimated monthly payment on a $27,000, 72-month loan at 5.75% APR is $425.53.
2APR = Annual Percentage Rate. APR offered can vary based on loan product type, creditworthiness, age and condition of collateral, term of the loan, and participation in automatic payments. All loans are subject to credit approval. Loyalty Reward rate discount, rates, terms and conditions are subject to change without notice. This program may be modified or discontinued at any time at our discretion.
Effective May 1, 2025, Loyalty Reward rate discount of 0.25% APR off of published PACU loan rates for eligible loans is available for PACU members who: 1) have been members for five or more years, 2) have a More Checking or Simple+ Checking account, 3) are enrolled in eStatements, and 4) have had recurring direct deposits totaling at least $250 into their PACU checking or savings account in the previous calendar month. For loans with co-applicants, the primary borrower on the loan application must meet all eligibility requirements for Loyalty Reward discount to apply.
The only loan types eligible for the Loyalty Reward rate discount are auto, general purpose vehicle, aircraft, boat, RV and motorcycle loans. Normal lending criteria apply. To be eligible for the Loyalty Reward rate discount, loan proceeds may not be used to refinance an existing Piedmont Advantage loan secured by the same collateral. Loyalty Reward rate discount can be applied to multiple eligible loans. Loyalty Reward rate discount can be combined with the 0.25% APR rate discount for enrollment in automatic payments for auto loans, but cannot be combined with any other rate discount or promotional offer.