Another great DCU experience!

[masscredit]

I called DCU to get pre-approved for an auto loan this morning. I'm currently a member there and have a checking, savings and auto loan. The whole proces took about 6 minutes.  Gave her my member number, amount that I was looking for, she told me that the rate would be based on my credit score and she asked if I knew what that was. So I said give me a few seconds.  A quick look at my scores from this month showed 699 at EQ (that's who they pull).  A few more details then she went to get an answer. A couple of minutes later she told me that it was approved. Gave me info to give to the dealer then we were done. Extremely easy! 

btw- A credit score of 675 and over qualifies for their lowest rate. Plus, if your getting a vehicle that gets good MPGs (I believe it's 35 and higher), that will take another 1/4% off of the rate.  I very highly recommend DCU!!! 

[EmmyWannabeOrman]

Congrats! Where is union located?

[masscredit]

They are in MA but people from around the country use them.  

https://www.dcu.org

I found out about them from this site when I was looking to refi my car last year. 

[EmmyWannabeOrman]

Interesting ... Thanks 

[09Lexie]

Congratulations.  Your experience was exactly like mine.  Easy, quick and professional. 

[masscredit]

Finalizing the loan was just as easy.  The dealer faxed my paperwork in today.  After I left there I called DCU to see what the process was. They said they could overnight the check. I mentioned that I was about 30 minutes away so I drove to the branch. Less than 10 minutes there then I was on my way to dinner.   One way that I can describe DCU is... they make you feel like a friend that is welcome and not like they are doing you a favor by giving you a loan. 

[Anonymous]

hello i applied for an auto loan on 1-24-2014 and was approved up to 24,500$ but this was at like 10% rate..

my score (lender pulled from equifax) is exactly 675 what rate would I qualify for at 72+ months???

I noticed that they are out of town but if they will giveme a much better rate and i can actually afford the car I want I will go with them!

also saw theirs something called a co-op shared branch in my area if i cant do online payments so this might work who can I contact their (who helped you?)

[-Wade-]

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@masscredit wrote:

I called DCU to get pre-approved for an auto loan this morning. I'm currently a member there and have a checking, savings and auto loan. The whole proces took about 6 minutes.  Gave her my member number, amount that I was looking for, she told me that the rate would be based on my credit score and she asked if I knew what that was. So I said give me a few seconds.  A quick look at my scores from this month showed 699 at EQ (that's who they pull).  A few more details then she went to get an answer. A couple of minutes later she told me that it was approved. Gave me info to give to the dealer then we were done. Extremely easy! 

btw- A credit score of 675 and over qualifies for their lowest rate. Plus, if your getting a vehicle that gets good MPGs (I believe it's 35 and higher), that will take another 1/4% off of the rate.  I very highly recommend DCU!!! 

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Congrats

[masscredit]

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@Anonymous wrote:

hello i applied for an auto loan on 1-24-2014 and was approved up to 24,500$ but this was at like 10% rate..

my score (lender pulled from equifax) is exactly 675 what rate would I qualify for at 72+ months???

I noticed that they are out of town but if they will giveme a much better rate and i can actually afford the car I want I will go with them!

also saw theirs something called a co-op shared branch in my area if i cant do online payments so this might work who can I contact their (who helped you?)

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I don't remember the name of the person I spoke with but everyone there has been very nice and helpful. Their lowest rate for 72 months is 2.49%. 

Just ran the numbers, $24,500. for 72 months at that rate is $366.68.  It's $453.88 per month at 10%.

Let us know how it goes.

[Officer737]

I apped to join them and once I can get my foot in the door will also check on their auto loan accounts.

Congrats!