Best Credit Union for Auto Financing

[Anonymous]

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....

[Anonymous]

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!

[Anonymous]

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

[Anonymous]

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