Does PSBT offer loans for both new and used cars?

Yes. Peoples Security Bank & Trust finances both new and used vehicles, including cars, trucks, SUVs, and motorcycles, with fixed rates and flexible terms for borrowers across Pennsylvania, New York, and New Jersey. You can finance a purchase from a dealership or a private seller.

Are new car loan rates lower than used car loan rates?

New car loans often carry lower rates than used car loans because a newer vehicle holds a more predictable resale value as collateral, which reduces the lender's risk. Rates also vary by loan term, model year, credit history, and the amount financed.

What term lengths are available on a PSBT auto loan?

PSBT offers auto loan terms up to 84 months. A shorter term means a higher monthly payment but less total interest paid, while a longer term lowers the monthly payment but increases total interest over the life of the loan.

Can I prequalify for an auto loan without affecting my credit?

Prequalification typically uses a soft credit inquiry that does not affect your credit score, giving you an early sense of the rate and terms you may qualify for. A full application requires a hard credit inquiry, which may briefly affect your score. Contact a local PSBT lender to discuss your options.

How do I apply for an auto loan with PSBT?

You can apply for a PSBT auto loan in person at any of our 40 branches across Pennsylvania, New York, and New Jersey, by calling 1.844.PSBT.NOW to reach a local lender, or by filling out a contact form online. A local lender reviews and services your loan, which often speeds up the decision compared to national banks.

Can I finance a car bought from a private seller?

Yes. A PSBT auto loan can be used to finance a vehicle purchased from a private seller, not only from a dealership. Bring the vehicle details to your lender, including year, make, model, mileage, and the agreed purchase price, and they will walk you through the process.

Log into Your Account

Enroll Now Log In

Forgot Password?

Download Our App

Auto Loans

Auto Loans in PA, NY, & NJ

Q: What is the difference between APR and interest rate on an auto loan?

The interest rate is the cost of borrowing the principal, while the APR reflects the interest rate plus any additional loan fees expressed as a single yearly percentage. Because it captures the full cost of borrowing, APR is the more accurate figure to use when comparing auto loan offers between lenders.

New and used car loans with fixed rates, flexible terms, and local decision-making at 40 community branches.

Features Get In Touch Rates

or find a branch in PA, NY, or NJ

Shopping for a new or used car? Peoples Security Bank & Trust finances new and used cars, trucks, SUVs, and motorcycles from dealers or private sellers, with fixed rates and terms up to 84 months. Every application is reviewed locally by a lender who knows the communities we serve, so you get faster answers and terms built around your situation rather than a national underwriting algorithm. You can review current auto loan rates below, see what a monthly payment looks like, and start your loan with a lender at any of our branches across PA, NY, and NJ.

Auto Loan Features

A PSBT auto loan is built to be straightforward. Here is what comes standard.

New and Used Financing

Financing for new and used vehicles, including cars, trucks, SUVs, and motorcycles.

Fixed Rates

Fixed interest rates so your monthly payment never changes over the life of the loan.

Flexible Terms

Terms up to 84 months, so you can balance your monthly payment against total interest paid.

Dealer or Private Party

Finance a purchase from a dealership or a private seller.

Local Decision-Making

Every loan is reviewed and serviced by the same local team, not a call center in another state.

In-Person Support

Talk to a real person at any of our branches across Pennsylvania, New York, and New Jersey.

New vs Used Car Loans

Both new and used vehicles can be financed with a PSBT auto loan, but the two differ in a few ways worth understanding before you apply.

New Car Loans

New car loans often carry slightly lower rates because a newer vehicle holds a more predictable resale value, which lowers the lender's risk. Newer models may also qualify for longer terms.

Used Car Loans

Used car loans let you finance an older or lower-cost vehicle and can be a good fit if you want a smaller loan or a lower purchase price. Rates on used vehicles are generally a little higher and can vary by model year, as shown in the rate tables above.

Whichever you choose, a fixed rate keeps your monthly payment the same for the life of the loan, and a local PSBT lender can walk you through the tradeoffs based on the vehicle you have in mind.

Understanding Your Loan

What Is the Difference Between APR and Interest Rate?

The interest rate is the cost of borrowing the money you finance. The annual percentage rate, or APR, reflects that interest rate plus any additional loan-related fees, expressed as a single yearly percentage. Because it captures the full cost of borrowing, APR is the more accurate figure to use when comparing loan offers between lenders. When you compare auto loans, always compare interest rate to interest rate and APR to APR so the numbers line up.

How to Apply for an Auto Loan

Starting an auto loan with PSBT is straightforward. You can apply in one of three ways.

Visit a Branch

Stop into any of our branches across PA, NY, and NJ to speak with a local lender.

Call Us

Dial 1.844.PSBT.NOW and ask for the lending team.

Reach Out Online

Fill out a contact form and a local lender will follow up.

What You Need to Apply

Most auto loan applications ask for the following. Your lender will confirm the full checklist for your situation.

A valid government-issued photo ID.
Proof of income, such as recent pay stubs or tax returns.
Proof of residence.
Vehicle details, including year, make, model, mileage, and purchase price.
Information about your existing debts and monthly expenses.

Current Auto Loan Rates

The rates below reflect PSBT's published new and used auto loan rates. Your actual rate depends on your credit history, the vehicle, the loan term, and the amount financed. For the most current figures, see the full Loan Rates page or contact a local lender.

Personal Loans^¶

Term	Monthly Payment per $1,000 Borrowed^¶	Interest Rate^¶	APR^¶
Term Up to 36 Months	Monthly Payment per $1,000 Borrowed^¶ $31.98	Interest Rate^¶ 9.390%	APR^¶ 9.732%
Term 37–48 Months	Monthly Payment per $1,000 Borrowed^¶ $25.31	Interest Rate^¶ 9.890%	APR^¶ 10.153%
Term 49–60 Months	Monthly Payment per $1,000 Borrowed^¶ $21.44	Interest Rate^¶ 10.390%	APR^¶ 10.605%

New Car Loans^§

Model Year	Term	Monthly Payment per $1,000 Borrowed^§	Interest Rate^§	APR^§
Model Year 2026–2025	Term Up to 63 Months	Monthly Payment per $1,000 Borrowed^§ $18.54	Interest Rate⁴ 5.990%	APR^§ 6.188%
Model Year 2026–2025	Term 64–75 Months	Monthly Payment per $1,000 Borrowed^§ $16.14	Interest Rate⁴ 6.240%	APR^§ 6.408%
Model Year 2026–2025	Term 76–84 Months	Monthly Payment per $1,000 Borrowed^§ $14.97	Interest Rate⁴ 6.740%	APR^§ 6.892%

Used Car Loans^‖

Model Year	Term	Monthly Payment per $1,000 Borrowed^‖	Interest Rate^‖	APR^‖
Model Year 2025–2024	Term Up to 63 Months	Monthly Payment per $1,000 Borrowed^‖ $18.54	Interest Rate^‖ 5.990%	APR^‖ 6.188%
Model Year 2025–2024	Term 64–75 Months	Monthly Payment per $1,000 Borrowed^‖ $16.14	Interest Rate^‖ 6.240%	APR^‖ 6.408%
Model Year 2025–2024	Term 76–84 Months	Monthly Payment per $1,000 Borrowed^‖ $15.01	Interest Rate^‖ 6.740%	APR^‖ 6.892%
Model Year 2023	Term Up to 63 Months	Monthly Payment per $1,000 Borrowed^‖ $18.59	Interest Rate^‖ 6.090%	APR^‖ 6.289%
Model Year 2023	Term 64–75 Months	Monthly Payment per $1,000 Borrowed^‖ $16.18	Interest Rate^‖ 6.340%	APR^‖ 6.508%
Model Year 2023	Term 76–84 Months	Monthly Payment per $1,000 Borrowed^‖ $15.06	Interest Rate^‖ 6.940%	APR^‖ 7.093%
Model Year 2022	Term Up to 63 Months	Monthly Payment per $1,000 Borrowed^‖ $18.68	Interest Rate^‖ 6.290%	APR^‖ 6.490%
Model Year 2022	Term 64–75 Months	Monthly Payment per $1,000 Borrowed^‖ $16.30	Interest Rate^‖ 6.590%	APR^‖ 6.760%

DISCLOSURES

^¶Loan subject to credit approval. Annual Percentage Rates (APRs) and interest rates are accurate as of 08.04.2026 and are based on a credit score of 720 or above. Other rates and terms also available. Rates are subject to change at any time without notice. Your final interest rate and APR will be determined based on a review of your credit application. All APRs and monthly payment examples are based on a $10,000 loan amount with a $50 documentation prep fee using the greater term for each product listed above.

^§ Loan subject to credit approval. Annual Percentage Rates (APRs) and interest rates are accurate as of 08.04.2026 and are based on a credit score of 720 or above.Other rates and terms also available. Rates are subject to change at any time without notice. Your final interest rate and APR will be determined based on a review of your credit application. All APRs and monthly payment examples are based on a $10,000 loan amount with a $50 documentation prep fee using the greater term for each product listed above. Up to 125% of financing available.

^‖ Loan subject to credit approval. Annual Percentage Rates (APRs) and interest rates are accurate as of 08.04.2026 and are based on a credit score of 720 or above. Other rates and terms also available. Rates are subject to change at any time without notice. Your final interest rate and APR will be determined based on a review of your credit application. All APRs and monthly payment examples are based on a $10,000 loan amount with a $50 documentation prep fee using the greater term for each product listed above. Financing up to the amount of the NADA Book Average wholesale value.