Best Auto Rate for 710 FICO

[MrCredit]

I am currently a member of PSECU who offers a 2.49% for 60 months on new or used, is there a bank or CU

that someone can suggest with a better rate lol, I know how much better can you get, just curious?

[Walt_K]

I'm no expert at this but that seems a pretty good rate.  To get better than that, you're probably going to have to go with dealer financing.

[pizzadude]

Seriously, I'm not sure that you will be able to beat that rate ~ you might get a dealer offering .9% or maybe 1.9% but the difference in your monthly payment would be very small.

[Anonymous]

Also, keep in mind, you may sometimes save money by taking the PSECU financing over dealer financing.  Sometimes those promo rates preclude you from taking certain cash back offers, where you can choose cash back or the promo rate.  If that is the case, usually you would take the cash back and get the outside financing.  On a personal note, I may actually choose PSECU in the future just to build a nice strong relationship with them.

[Anonymous]

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@Anonymous wrote:

Also, keep in mind, you may sometimes save money by taking the PSECU financing over dealer financing.  Sometimes those promo rates preclude you from taking certain cash back offers, where you can choose cash back or the promo rate.  If that is the case, usually you would take the cash back and get the outside financing.  On a personal note, I may actually choose PSECU in the future just to build a nice strong relationship with them.

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+1

[cahiatt]

I think the only better option I know of is Pentagon Federal Credit Union. The have 1.99% for new and used up to 48 months and also have 1.49% new and used if you purhcase through their auto buying program (penfed.zag.com)

I have two refinanced car loans through them now at 1.99% and my scores were about 705 based on mortgage pull in December. Not sure what the auto enhanced scores are.

[Anonymous]

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@MrCredit wrote:

I am currently a member of PSECU who offers a 2.49% for 60 months on new or used, is there a bank or CU

that someone can suggest with a better rate lol, I know how much better can you get, just curious?

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Something I just thought of, PSECU actually will give 1.49% for 36 month or less loans.