Electric Vehicle Loans
Get ready for your next eco-friendly adventure.
Good For Your Wallet, Better for The Planet
Increase your fuel efficiency, reduce harmful emissions, and cut your fuel costs when you finance an electric car. Whether you’re looking for a full electric or plug-in hybrid vehicle, we can help you get on the road in no time.
Fewer Carbon Emissions
Driving an electric car not only increases your fuel efficiency, but it drastically reduces the amount of harmful gases so you can help protect the environment.
Flexible Terms
With 60 or 72 month terms, you can finance the electric or plug-in hybrid vehicle of your choice with a consistent monthly payment.
Affordable Loans
Borrow anywhere from $3,000 to $90,000 to finance your brand new electric car and cover any equipment costs.
Fixed Rates
Keep your payments right where you want them with a fixed interest rate.
No Prepayment Penalties
Ready to pay your loan off early? We encourage you to prepay your loan payments with no added penalty fees.
Automatic Payments
Never miss a due date with automatic electronic payments withdrawn from your checking account or credit card.
Today’s Rates
|
Loan Type |
Min/Max Loan Amount |
Term |
APR as low as |
|---|---|---|---|
|
1 Clean Energy Vehicles must be either all-electric or plug-in hybrid electric. |
|||
|
Loan Type New Electric Vehicle1 2 |
Min/Max Loan Amount $3,000 to $90,000 up to 110% Loan-to-Value |
Term 4 years |
APR as low as 5.89%4 5 6 |
|
Loan Type New Electric Vehicle1 2 |
Min/Max Loan Amount $3,000 to $90,000 up to 110% Loan-to-Value |
Term 5 years |
APR as low as 5.99%4 5 6 |
|
Loan Type New Electric Vehicle1 2 |
Min/Max Loan Amount $3,000 to $90,000 up to 110% Loan-to-Value |
Term 6 years |
APR as low as 6.39%4 5 6 |
|
Loan Type Used Electric Vehicle1 2 3 |
Min/Max Loan Amount $3,000 to $90,000 up to 110% Loan-to-Value |
Term 4 years |
APR as low as 6.39%4 5 6 |
|
Loan Type Used Electric Vehicle1 2 3 |
Min/Max Loan Amount $3,000 to $90,000 up to 110% Loan-to-Value |
Term 5 years |
APR as low as 6.49%4 5 6 |
Clean Energy CU vs. Other Institutions
When you finance through a dealership or bank, you don’t get the same service that you would at Clean Energy CU. Other financing options charge higher rates and invest in fossil fuels. See what sets us apart:
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Rates
Rates
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Environmental Impact
Environmental Impact
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Terms
Terms
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Application Process
Application Process
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Benefits
Benefits
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Limitations
Limitations
Clean Energy Credit Union
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Rates
New EV rates as low as 4.14%
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Environmental Impact
Climate-Friendly
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Terms
Up to 72 months
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Application Process
Apply using a quick & easy online application
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Benefits
- Ability to shop around
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Limitations
None
Dealership
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Rates
Average rate of 5.27%
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Environmental Impact
Invests in fossil fuels
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Terms
Wide range
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Application Process
Apply through dealer
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Benefits
- Vehicle available day of purchase
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Limitations
Vehicle options may be limited
Bank
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Rates
Rates vary from 5.49% to 17.29%
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Environmental Impact
Majority invest in fossil fuels
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Terms
36-72 months
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Application Process
Apply online or in-person
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Benefits
- Ability to shop around
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Limitations
Requires working with multiple vendors
Got Questions? We’ve Got Answers.
First, you need to ensure that you’re eligible to join Clean Energy Credit Union by being in its “field of membership,” which currently includes being one of the following:
- A member of one of the following organizations:
- African-American Credit Union Coalition
- American Solar Energy Society
- Association of Energy Service Professionals
- Colorado Renewable Energy Society
- Electric Auto Association
- Engineers for a Sustainable World
- Georgia Solar Energy Association
- Green America
- GreenHome Institute
- Illinois Solar Energy Association
- Midwest Renewable Energy Association
- Northeast Sustainable Energy Association
- Polar Bear Sustainable Energy Co-op
- RENEW Wisconsin
- Renewable Energy Owners Coalition of America
- Solar United Neighbors
- Texas Solar Energy Society
- Women of Renewable Industries and Sustainable Energy
- An employee or volunteer of one of the following organizations:
- A member of the immediate family or household of someone who is eligible via one of the above options or of someone who is already a member of Clean Energy Credit Union
If you’re not already eligible to join Clean Energy Credit Union, you can consider joining one of the above organizations. An individual membership in American Solar Energy Society, for example, currently costs as little as $10 (NOTE: you must enter the discount code and select a Digital-Only Basic membership). Click here to learn more about the field of membership partner organizations listed above.
After confirming your eligibility, you would then open a “share account” (i.e. savings account) with a $5 minimum deposit which would serve as your ownership share in Clean Energy Credit Union. Once someone becomes a member of the Credit Union, they are a member for life. Click here to join Clean Energy Credit Union.
In case it helps, here’s some background on what a credit union “field of membership” is: although credit unions provide similar services as banks, they are different from banks in many ways. For example, a credit union is a not-for-profit, financial services cooperative that exists solely to serve its members and to fulfill its mission, whereas a bank exists to maximize financial returns for its stockholders. Another difference is that a bank can serve the general public whereas a credit union can only serve its “field of membership,” which is defined by regulators as the people and entities that are legally eligible to join the credit union. Ultimately, a credit union’s field of membership is comprised of one or more groups of people and entities that all have something in common that binds them together in some way. Many credit unions have a field of membership that includes people who work for a certain employer, or who live in a certain geographic area, or who are members of the same professional association or religious organization.