Credit Union Auto Loans

Find Auto Loans
In Your Local Area

Credit Union Auto Loans are a great source for money when buying a new or used car and I'll show you where to find a nationwide directory of credit unions in just a second...

They are especially great for used cars, because their new and used car rates tend to be very close and don't seem to vary as much as a traditional bank and/or auto lender.

If you're looking to finance a newer vehicle (3 years or newer), then a lender like up2drive.com (BMW Bank of North America) is more than likely going to have better rates.

If you are a current member of a credit union, great! Be sure to let them know what type of vehicle you are considering and what term you'd like to finance for and see what type of rates they offer.

Credit
Score Is Important

I've found that credit unions are very credit score driven and their finance rates will be a direct reflection of your credit score.

If you have an excellent credit score, then you'll get excellent rates, average score, then average rates and lower scores will typically be declined.

I'd suggest checking your credit score ahead of time to clean up anything that may be dragging on your score in order to get the best rates.

How’s your credit score? 0-600 Poor, 601-680 Fair, 700-774 Good, 775+ Excellent. Find out your Score now FREE!

Where To Find
Local Credit Unions

If you are not a member of a credit union, it's fairly simple to become one. Your first step is to find a credit union in your local area.

If for instance you live in Los Angeles, simply do a Google or Yahoo! search for "Los Angeles Credit Unions" and voila, you'll have plenty of credit unions to choose from.

If you live in a smaller town (great for big cities also), then check The Credit Union National Association to find credit unions in their nationwide directory.

Be sure to check their membership requirements, because you don't want to waste a bunch of time checking their rates only to find that you are not eligible to become a member.

Most of the time the only requirement for membership is to live in a certain zip code.

Build
A Relationship

Once you have had your first well paid loan with a credit union, you will begin to build an excellent relationship with them. Future loans are much easier to obtain and are usually as simple as picking up the phone and making a quick call.

I've personally had three credit union auto loans with my local branch and have had an additional five personal loans with them. If I am ever in need of money, I know that it's only a phone call away.

Credit Union auto loans are also a great source for customers (with good credit) looking for car title loans. If you need some cash and you've got free and clear title to a vehicle, then this is a much better way to go than the traditional auto title lenders that charge outrageous interest.

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