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Posts: 567
Registered: ‎10-04-2012
Re: First Time Auto Loan- Chances of Approval?????
[ Edited ]

emshook wrote:
I was thinking about going to a credit union first. There's probably no way I would qualify for the specials with 0% or 1.9% financing, is there?

That one is a toss-up question, but if I had to guess, I'd guess that you have a better shot at a premium tier with a captive lender as opposed to a credit union. You can always try both and choose the better package.

 

Inquiries for auto loans within any 45 day period count as a single inquiry for the purpose of calculating your score, so you have some leeway to shop around. I'd shop it to the credit union and have the F&I guy at the dealer shop it to all of his buyers. See what comes back.

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