Apply for a new ride with a DECU vehicle loan.

Arrange financing before you begin shopping for a new or used vehicle with a pre-approved auto loan from Deere Employees Credit Union (DECU). With our Best In Market Rates, you’ll save time and money whether your dream car, boat or RV comes from a dealership or a private seller.

To apply please log in to Online Banking and click on our Loan Request Tab. Or call toll-free 24/7 at (800) 338-6739.

At DECU, members enjoy:

  • 100%* financing
  • Low, Best In Market Rates+
  • Flexible Terms up to 72 months** financing
  • Pre-approved loan options
  • Debt Protection
  • DECU Insurance Services

Refinance your current auto loan

  • Enjoy low, Best In Market Rates and potentially a great money-saving opportunity
  • Apply online to see if there is an opportunity to lower your monthly payments

Boat and recreational vehicle loans

  • We’re also your best choice for the lowest rates on boat and recreational vehicle loans, as well as insurance
  • Applying is easy
  • Just call us at (800) 338-6739 or apply through Online Banking

Skip A Pay

  • Skip your monthly installment loan payment and free up some extra cash
  • Quick and easy to do inside Online Banking
  • Click the orange gear next to your eligible loan inside Online Banking
  • A low processing fee of $25***
*Finance the lesser of MSRP or final purchase price, plus tax and Vehicle Service Agreement on new vehicles or the NADA retail value including adjustments for options and mileage on used vehicles. 
**All loans issued subject to credit approval.  Loan rates determined by individual credit history.
*** Skip A Pay fee is $50 if assisted by CU staff.  Finance charges continue to accrue on all loans that take advantage of Skip A Pay program, which may cause the maturity date of your loan to be extended. Some restrictions apply. Interest will continue to accrue during deferred payment period.
+Weekly survey at www.Rate-Watch.com. Rate listed indicates automatic payment made electronically (not using cash, coupon book or check mailed to credit union to repay your loan). Add 1% to rate listed when using cash, check or coupons (non-electronic or automated payment method).

How can I apply for an auto loan?

You can apply for any loan online. Simply log in to Online Banking and click on Loan Requests tab. Or you can apply by calling (800) 338-6739.

How old of a car can I get an auto loan on?

We will finance autos up to 12 model years old at either new or used auto rates depending on model year. Vehicles older than 12 model years will be considered at an increased interest rate. This rate depends on credit and relationship with the credit union.

How much can I borrow on an auto loan?

Deere Employees Credit Union will lend up to 100% financing, not exceeding the lesser of MSRP or the final purchase price plus tax and Vehicle Service Agreement on new vehicles or the NADA Retail value plus/minus options and mileage on used vehicles.

How much insurance do you require for an auto loan?

We require collision and comprehensive coverage with a maximum $1000 deductible on each.

Can I apply for a vehicle loan if I haven't found the make and model I want yet?

Yes, you can apply to be pre-approved for an auto loan. Simply log in to Online Banking and click on Loan Requests tab. Or you can apply by calling (800) 338-6739.

What is the maximum term for an auto loan?

Deere Employees Credit Union finances new vehicles including the previous five model years for 72 months.  For older vehicles the maximum term is 60 months.

Recommended Reading

When is Credit Card Consolidation Best for You?

Consolidation is a word you have probably heard before, but what does it mean and how can it help you? There are a few basic ways that consolidation works. Each case is different and finding an individual solution for our DECU members can depend on the member, their income, credit score, and their available equity. […]

Millennial Budget Tips To Pay Down Debt

One question we hear most often from Credit Union members is “How do I get out of debt?” It comes up constantly in conversations and now seems more present than ever.  So, I had to ask myself . . . “why this question?” and after some serious research into it, I found a one-word answer […]

7 Things to Consider When Buying a Boat

For those lucky enough to live by a body of water – or be willing to travel to one – owning a boat is the ticket to a dreamy summer of sun, swimming, and thrills. Whether you’re a seasonal boater or you want to make boating a year-round lifestyle, there are a number of factors […]

How to Dig Yourself Out of Debt and Save at the Same Time

Paying down debt can be a daunting task. But with a little self-discipline and some faith in yourself, your financial picture can change for the better in about six months. The following three-part strategy may help you control your cash flow and encourage saving so you can pay off your debt and handle the unexpected […]