topic Re: Best Credit Union for Auto Financing in Auto Loans

Best Credit Union for Auto Financing

Anonymous — Wed, 15 Jul 2009 16:05:48 GMT

Hello everyone! I am new to this forum, but I have been reviewing the posts. I love all of the information that has been posted. I am in the market to purchase a new automobile, and would love to finance with a credit union for this purchase. Besides PenFed and NFCU(which I don't qualify to join), what are some very good credit unions you would suggest for auto financing. I live in TN and we do not have a lot to chose from here.

I appreciate all of you help in advance....

Re: Best Credit Union for Auto Financing

Anonymous — Wed, 15 Jul 2009 21:32:47 GMT

Call the local credit unions and ask what they are offering right now. If you know your FICO score they may be able to give a ballpark as to what you may qualify for without pulling your credit. I have been seeing some credit unions offer 3.99% auto loans in my area.

Good Luck!

Re: Best Credit Union for Auto Financing

Anonymous — Thu, 16 Jul 2009 01:30:17 GMT

You may want to try Alliant,based in IL. You can qualify for membership if you belong to your local PTA or join the National PTA for a $25 fee. There is a thread here that kinda gives you an idea of what Alliant requires,as far as scores and such.

Or you can try this link to compare CU rates

www.creditunionsonline.com

Good luck

Re: Best Credit Union for Auto Financing

Anonymous — Thu, 16 Jul 2009 16:22:50 GMT

If you meet their credit requirments, PenFed has 3.99% new or used/refi rates. Anyone can join PenFed (by joining NMFA for $25).

Alliant has rates as low as 4.3% new, 4.6% used/refi. Anyone can join (by joining www.pta.org for $25).

Your local CU may have something comparable.

Message Edited by txjohn on 07-16-2009 09:22 AM