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Frequent Contributor
Posts: 303
Registered: ‎04-22-2013
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USAA Auto loan Questions.

So im about ready to apply for USAA auto loan.... Questions....

 

It asks new or used. What if i choose used but then after loan approval i decide i want new?

If i ask for 30K will it counter offer with a different ammount if not approved for 30?

How long is the approval good for?



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Valued Contributor
Posts: 1,057
Registered: ‎09-29-2009
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Re: USAA Auto loan Questions.

Your most reliable answers are going to come from USAA themselves. I have always found their phone reps to be courteous, helpful and friendly.

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Regular Contributor
Posts: 158
Registered: ‎03-10-2012
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Re: USAA Auto loan Questions.

I can confirm that they will counter offer if they so desire. The approval is good for at least 1 month (can't remember).

Frequent Contributor
Posts: 303
Registered: ‎04-22-2013
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Re: USAA Auto loan Questions.

[ Edited ]

Sorry applied then went to work, forgot to post on here. Filled out the application before submitting i called rep and she was great!!! She answered all my questions. I filled out joint application for $26K and was approved for $28,600! (wife didn't have a fico due to her new credit history) My APR was 8.49% :smileysad: due to 3 new CC accounts in the last 6 months. Pulled EQ 711. Told me to take offer and get a car and refinance in 8 months after CC's reach 1 year of history to get a better APR.

 

Over all im happy since my last car, 18 months ago, i had to have a co-signer. The interest rate on that was 9.9%



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Valued Contributor
Posts: 1,067
Registered: ‎03-16-2013
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Re: USAA Auto loan Questions.


CREDITSURFER wrote:

Sorry applied then went to work, forgot to post on here. Filled out the application before submitting i called rep and she was great!!! She answered all my questions. I filled out joint application for $26K and was approved for $28,600! (wife didn't have a fico due to her new credit history) My APR was 8.49% :smileysad: due to 3 new CC accounts in the last 6 months. Told me to take offer and get a car and refinance in 8 months after CC's reach 1 year of history to get a besster APR.

 

Over all im happy since my last car, 18 months ago, i had to have a co-signer. The interest rate on that was 9.9%


A few weeks back I applied for an auto loan with them for 30k approved for 32.5k.  I remember getting a notice on my account that  if I was at the dealership and got a better rate that I could call and they would do their best to match it or beat it.  i was approved for 1.9 so I didn't think would have to call them.  Keep that in mind when you go to the dealership. 

Frequent Contributor
Posts: 303
Registered: ‎04-22-2013
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Re: USAA Auto loan Questions.

[ Edited ]

i will have to call USAA and ask them about that. That would be killer!!!! As i want the new Santa Fe Sport 2.0T with Saddle interior. @ 8.49% i will get a used 2012 Elantra.



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Valued Contributor
Posts: 1,067
Registered: ‎03-16-2013
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Re: USAA Auto loan Questions.


CREDITSURFER wrote:

i will have to call USAA and ask them about that. That would be killer!!!! As i want the new Santa Fe Sport 2.0T with Saddle interior. @ 8.49% i will get a used 2012 Elantra.


The new santa fe body style is real nice.  I am looking at the 2014 Ford Explorer Sport.  DW is tired of driving the Armada. 

 

Just not looking forward to 5 years of payments considering the Armada is paid off.

 

 

Frequent Contributor
Posts: 303
Registered: ‎04-22-2013
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Re: USAA Auto loan Questions.

New Explorer is VERY nice also. They look soo much better then my first car which was a Red/White 1995 Explorer 5spd from my parents for 2k.

 

I forgot to mention my approval was good until 9/9/13 for 45 days from USAA.



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