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Last Updated: 04/18/2025

ALEC Auto Loans

in Auto Loans from ALEC

Last Updated: 04/18/2025

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Amount Range

N/A

APR (Fixed APR)

Up to 4.99%(Verified 06/21/2024)

Credit Score Range

N/A

Loan Term (Months)

Up to 84
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ALEC Auto Loans Review

ALEC Auto Loans is offered by ALEC, a credit union founded in 1990 and based in Gurnee, IL. ALEC Auto Loans are available in 50 states and Washington, DC.

ALEC Auto Loans FAQ

What APR does ALEC Auto Loans offer on its car loans?

ALEC Auto Loans offers a fixed apr car loan product up to 4.99% APR.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum auto loan term you can get with ALEC Auto Loans?

ALEC Auto Loans has car loans with a maximum term of 84 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car loan, the more interest you will pay.

Does ALEC Auto Loans charge an origination fee?

Yes, ALEC Auto Loans may charge a loan origination fee .

Does ALEC Auto Loans charge a late fee?

Yes, ALEC Auto Loans charges borrowers with a late payment penatly fee

Does ALEC Auto Loans charge prepayment fees?

No, ALEC Auto Loans will not charge you a fee for paying your loan early. Whenever possible choose lenders like ALEC Auto Loans that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my ALEC Auto Loans loan?

Yes, you can. ALEC Auto Loans does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for ALEC Auto Loans?

ALEC Auto Loans does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
ALEC Auto Loans does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by ALEC Auto Loans.
To qualify, applicants may need to provide the following documentation:
  • Driver's license or other government photo ID
  • Government issued photo ID
  • Proof of identity

Does ALEC Auto Loans report your account activity to credit bureaus?

Yes, ALEC Auto Loans reports to the following credit bureaus:
  • Equifax
  • Experian
  • TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.

Does ALEC perform a hard credit pull?

Yes, ALEC Auto Loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

Is ALEC a legit company?

ALEC was founded in 1990, it is a well-established company that has been in business for 36 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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Contact

Headquarters

325 Tri State Pkwy
Gurnee, IL 60031
(800) 762-9988
Visit Site

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
9:00AM - 12:30PM

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