Car buying is easy with a low-rate auto loan from Pelican!
An auto loan from Pelican State CU puts you in the driver's seat at the dealership. We offer the same rate on new or used vehicles. Fast approvals on fast cars, low rates on low-riders, a painless application for your punch buggy—bring home whatever make and model makes you happy. Apply today and get in and out of the dealership in no time flat. And most importantly, get where you need to be.
Auto & Motorcycle Loans:
- Up to 125% Loan to Value
- Fast, easy approvals
- No pre-payment fees
- No maximum loan amount
- Flexible terms, tailored to fit your needs
- Pre-approval available for better buying power
- New and used vehicles
- Auto loan rates as low as 6.44% APR*
- Motorcycle loan rates as low as 9.04% APR*
Motorcycle Loans Only:
- New Motorcycles: Long-term financing available for motorcycles with a sell price and loan amount over $20,000
- Used Motorcycles: Long-term financing available for motorcycles with a NADA and loan amount over $20,000
We also offer boat and RV loans!
Pelican Partners with Enterprise Car Sales
Not sure where to go for your new car? Pelican has partnered with Enterprise Car Sales to help find the best vehicle to fit your needs. There are 3 Enterprise Car Sales dealerships in Louisiana—Baton Rouge, Metairie, and Shreveport!
Benefits
- Enterprise only sells certified used vehicles.
- Every Enterprise used car has passed a rigorous 109-point inspection performed by an ASE-Certified technician.
Curious about all the benefits of buying a rental car? We did the homework for you! Check out this post on our blog to learn more.
*Used vehicles were previously part of Enterprise short-term rental and/or lease fleet or purchased by Enterprise from other sources including auto auctions, with previous use possibly short term rental, lease or other. The “e” logo, Enterprise, “The Perfect Used Car Package” and “Haggle-free buying. Worry-free ownership.” are trademarks of Enterprise Holdings, Inc. All other trademarks are the property of their respective owners.
Member Protection
Our Member Protection plans keep you safe before you even buckle your seat belt. Purchase a Pelican State CU Member Protection plan to ensure your loan stays in your best interest — so you don't wind up paying interest while you can't drive.
Vehicle Service Agreement
A Vehicle Service Agreement works just like a warranty contract to cover the cost of repairs. And when you add a Vehicle Service Agreement, you get 24/7 nationwide roadside assistance, for anytime, anywhere coverage.
Guaranteed Asset Protection
Keep moving forward, even if your vehicle is stolen or totaled beyond repair. Guaranteed Asset Protection covers the difference between your insurance settlement and the amount left on your loan or lease, up to $50,000 — including your insurance deductible up to 1,000.*
Credit Life & Credit Disability
Credit Life insurance is a tailor-made policy that matches your current loan balance at any given time. Pay off your loan in full in the event of your untimely passing, rather than stick a loved one with the bill.
Credit Disability works to pay off your loan if you can't work due to disability. There's no minimum requirement and you can try Credit Life and/or Credit Disability free for 30 days.
*$50,000 includes insurance deductible up to $1,000. Delinquent payments, late charges, refundable service warranty contracts, and other related charges not included. Deductible coverage is not available in all states.
TruStage® Auto Insurance Program
Working with carefully selected auto insurance companies, the TruStage Auto Insurance Program can provide discounted rates for credit union members, online services and 24/7 claims service.
If you haven't compared auto insurance lately, it's a great time to take a look. Your credit union membership could result in some nice savings.
Visit the TruStage website or call 1-855-483-2149.
*TruStage® Auto Insurance program is offered by TruStage Insurance Agency, LLC and issued by leading insurance companies. Discounts are not available in all states and discounts vary by state. The insurance offered is not a deposit and is not federally insured. This coverage is not sold or guaranteed by your credit union.
Mechanical Breakdown Coverage
Protect your vehicle for the road ahead!
Even the most reliable vehicle can develop a mechanical problem. AssureGuard mechanical breakdown coverage is designed exclusively for credit union members to provide the protection and peace of mind you need.
Benefits & Features
- Coverage levels, terms and deductible options to fit your need and budget
- 24-hour emergency roadside assistance, rental car and trip interruption allowance
- Consequential damage, emissions, wear & tear and hybrid vehicle coverage
- Optional luxury electronics, lifted vehicle and commercial vehicle coverage available
- Nationwide protection
- Up to 8 years/125,000 mile coverage
Plus, there's no waiting period – your coverage is effective day 1!
Find out how you can benefit from AssureGuard's comprehensive coverage. Visit or call your local branch today.
Department of Motor Vehicles FAQ
My loan is paid in full. When will I receive my title?
You should receive your title within 30 days of the payoff being received.
What name will be listed on my title?
The name on the title should be the same as the name on the vehicle application.
How can I confirm Pelican received my new insurance policy?
Confirm that Pelican is listed as a “loss payee” with your insurer. If we are, then we will receive it. If we are not, please contact the insurer and have Pelican listed as a lienholder using the information below:
Pelican State Credit Union
P.O. Box 40088
Baton Rouge, LA 0835
The dealership is requesting Pelican’s ELT (electronic lien) code. What is it?
EBPB.
My loan account is past due. Will I still receive my title?
All accounts will have to be brought current for the release of the title.
My checking accounts are negative. Will I still receive my title?
All accounts will have to be brought current for the release of the title.
How long do I have to get a refund on my GAP insurance?
GAP is refundable within 60 days of purchase.
Over 750,000 Louisiana residents qualify for membership.
Are you one of them? All you have to do is meet just ONE of the following criteria!
You work for (or are retired from) one of our hundreds of Partners.
You live in one of the following parishes:
Acadia, Ascension, Assumption, East Baton Rouge, East Feliciana, Evangeline, Iberia, Iberville, Lafayette, Livingston, Point Coupee, Rapides, St. Martin, St. Mary, St. Helena, St. Landry, St. Tammany, Vermilion, West Baton Rouge, or West Feliciana
You are a Pelican State CU employee.
You also qualify for membership if your immediate family member meets any of the criteria above!
*APR = Annual Percentage Rate. Pelican State CU membership required. Rate shown above are the lowest offered by Pelican State Credit Union for the advertised product. Approval based on certain credit criteria and credit worthiness. Not everyone will qualify for rate advertised. Rate and term determined by credit worthiness, collateral and loan to value. Terms range from 0-84 months. Financing vehicle at 6.99% APY equals an estimated $239.48 monthly payment for 48 months for a $10,000 loan, resulting in a 7.27% APR. Financing motorcycle at 8.79% equals an estimated $248.77 monthly payment for 48 months for a $10,000 loan, resulting in a 9.07% APR. Refinancing a loan already financed with Pelican may warrant a 1% rate increase to the qualifying rate without additional cash. If refinancing a loan currently financed by another financial institution, registration fees may apply. Collateral five model years and older may see a rate increase of 1.00%. Volunteer collateral protection products available at additional costs. Some restrictions apply. See Pelican representative for details.
*All approved and booked secured consumer loans with a title will be charged a $55 document fee.
*Used vehicles were previously part of Enterprise short-term rental and/or lease fleet or purchased by Enterprise from other sources including auto auctions, with previous use possibly short term rental, lease or other. The “e” logo, Enterprise, “The Perfect Used Car Package” and “Haggle-free buying. Worry-free ownership.” are trademarks of Enterprise Holdings, Inc. All other trademarks are the property of their respective owners.