Financing

Accessible and Affordable to All

Content Separator

We can help you secure fair and affordable financing for your clean vehicle purchase. Our preferred lending partner, Beneficial State Bank, has committed to providing loans at an 8% interest rate or lower to participants of the Clean Vehicle Assistance Program. You can also get a loan from a lender of your choice or pay for the vehicle in full.  If you get a loan, it must have an interest rate of 16% or below to qualify for the grant.

We've partnered with Bay Area Clean Cars for All

Content Separator

If you are a participant of the Clean Cars for All program, administered by the Bay Area Air Quality Management District, you may be eligible for a fair and transparent auto loan from Beneficial State Bank. Please discuss this option with your contact at the Bay Area Air Quality Management District.

Financing Options

Content Separator
Beneficial State Bank Loan Illustration

Get a loan from our preferred lender, Beneficial State Bank

Beneficial State Bank has committed to providing 8% or lower interest rate loans to clean vehicle grant recipients through a fast, fair and transparent process.

Loan from Lender of Choice Illustration

Get loan from your lender of choice

You are free to get a loan from any lender you’d like and we encourage you to check your credit score first to know what is a fair interest rate for you at this time. Remember, your loan must have an interest rate of 16% or below to qualify for the grant.

Skip the Loan Illustration

Skip the loan and pay for your vehicle outright

If you can afford to pay the remaining costs of your clean vehicle purchase up front, this option will save you time and money.

*You must contribute a minimum of $1,000 to your clean vehicle purchase, either upfront as a down payment or over time with a loan.

Why should I get pre-approved for a loan?

Content Separator

When you go to the dealership already pre-approved for a loan you are well prepared to bargain for a vehicle within your price range and are less likely to find yourself in an unaffordable payment arrangement. Securing an auto loan ahead of time will get you ready for your clean vehicle purchase and make the process less stressful.


Beneficial State Bank Acorn Logo

Beneficial State Bank

Beneficial State Bank is our preferred lending partner because they’re committed to providing fair and transparent auto loans. For clean vehicle grant recipients, even those with lower credit, Beneficial State Bank provides qualified applicants an 8% interest rate loan or lower. It is not required to get a loan from Beneficial State Bank or another lender to redeem a clean vehicle grant.

 

Want to be the first to know when we reopen?

Submit an interest form