Electric Vehicle & Hybrid Vehicle Loans

Get ready for your next eco-friendly adventure.

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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Never miss a due date with automatic electronic payments withdrawn from your checking account or credit card.

Buying directly from Tesla? Check out our webpage to see details on our process for financing Teslas.

Tesla Financing Page

Today’s Rates

Electric Vehicle Loan 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. ² Visit your state DMV website to view state-specific requirements and fees. If Clean Energy CU exercises its right to file for the lien- recorded title, you will be responsible for any filing fees. ³ Vehicles are considered to be used vehicle if they have 10,000 miles+ or are model year 2022 and older. Maximum age for a used vehicle is 8 years old. ⁴ Rates shown include a 2.00% discount for automatic loan payments. ⁵ Add 1.00% to rates shown for electric motorcycles, and add 0.50% for loans that exceed 100% loan-to-value. ⁶ Rates shown are lowest possible rates for qualified buyers. Rates may change dependent on credit qualifications, underwriting factors, and loan characteristics. ⁷ Residences in certain counties and states may be eligible for a 0.50% rate discount after providing proof of registration in the following programs: a New York State NYSERDA program: 0.50%
Loan Type New Electric Vehicle^{1 2}	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 New Electric Vehicle^{1 2}	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}
Loan Type New Electric Vehicle^{1 2}	Min/Max Loan Amount $3,000 to $90,000 up to 110% Loan-to-Value	Term 6 years	APR as low as 6.89%^{4 5 6}
Loan Type Used Electric Vehicle^{1 2 3}	Min/Max Loan Amount $3,000 to $90,000 up to 110% Loan-to-Value	Term 4 years	APR as low as 6.89%^{4 5 6}
Loan Type Used Electric Vehicle^{1 2 3}	Min/Max Loan Amount $3,000 to $90,000 up to 110% Loan-to-Value	Term 5 years	APR as low as 6.99%^{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:

Rates

Rates
Environmental Impact

Environmental Impact
Terms

Terms
Application Process

Application Process
Benefits

Benefits
Limitations

Limitations

Clean Energy Credit Union

Rates

New EV rates as low as 6.39%^{4 5 6}
Environmental Impact

Climate-Friendly
Terms

Up to 72 months
Application Process

Apply using a quick & easy online application
Benefits
- Ability to shop around
Limitations

None

Dealership

Rates

Average rate of 7.99% – 15.69%
Environmental Impact

Invests in fossil fuels
Terms

Wide range
Application Process

Apply through dealer
Benefits
- Vehicle available day of purchase
Limitations

Vehicle options may be limited

Bank

Rates

Rates vary from 6.50% to 17.29%
Environmental Impact

Majority invest in fossil fuels
Terms

36-72 months
Application Process

Apply online or in-person
Benefits
- Ability to shop around
Limitations

Requires working with multiple vendors

Got Questions? We’ve Got Answers.

First, see if you’re already eligible to join Clean Energy Credit Union by being a part of our “field of membership,” which currently includes:

A member of one of the following organizations:
An employee or volunteer of one of the following organizations:
1. Clean Energy Credit Union
2. Our Climate
3. 350 Colorado
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. On your membership application, you can request that Clean Energy Credit Union sign you up for a membership with the Solar United Neighbors free of charge or request that Clean Energy Credit Union sign you up for a one-year membership with the- American Solar Energy Society and deduct the associated $10 membership fee from your opening account balance. 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.

You can apply for loan preapproval at any time, but keep in mind that your preapproval expires after 45 days. For some ev purchases that may be an adequate amount of time while other manufacturers can have longer waitlists. We suggest you do your research prior to applying to ensure you have an idea of the timeline you’re on.

You can finance any all-electric or plug-in hybrid vehicle. If purchasing directly from Tesla, please see our Tesla page to learn more about our process.

At this time we cannot finance these types of projects.

Explore More

Make your commute climate-friendly with an e-bike loan.

E-bikes are a simple, inexpensive, and super-fun way to reduce your carbon footprint and get around town.

Learn more about our Electric Bicycle Loan

We help you afford clean energy at home.

Clean Energy Credit Union is proud to partner with multiple communities, green banks, and fellow cooperatives across the country to offer a 0.50% rate discount on clean energy loans for qualifying projects.

Explore our Loan Discount Program

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