@NP27 wrote:Just trying to figure out if I should go through NFCU or USAA for my auto loan or go through the dealer? Any thought appreciated!
Navy first, then see if dealer can beat it in my opinion. USAA is probably a good choice too but historically their APR's have been less favorable than my suite of CU's, and Navy (which I don't have access to) is known to be a good one in that regard.
I'm a long time member at both NCFU and USAA. Both are excellent.
My guess would be that for a newer member with good credit, NCFU
will probably come out ahead. If you have a long term (+5 years) relationship
and excellent (+760) credit, USAA is going to win. USAA really pays off over
time and if you stack home and auto insurance with credit products. There
are unwritten tiers of membership at USAA, seems much more so than NCFU.
+
850 FICO8 since 2015, Thanks MyFICO - 5+ years since last HP
@bada_bing wrote:I'm a long time member at both NCFU and USAA. Both are excellent.
My guess would be that for a newer member with good credit, NCFU
will probably come out ahead. If you have a long term (+5 years) relationship
and excellent (+760) credit, USAA is going to win. USAA really pays off over
time and if you stack home and auto insurance with credit products. There
are unwritten tiers of membership at USAA, seems much more so than NCFU.
Are you sure this applies to their non-insurance products? I did get a non-trivial discount (12.5% give or take) off my homeowners insurance quote because I have my auto insurance through USAA, but didn't see anything with regards to my credit card, CD, or secured loan.
I infer there is a difference with USAA based on relationship but I think it
undisclosed internal ranking with USAA. All my extended family are USAA
members down to my neices and nephews, but with different lengths of time.
Over the last ten years or so, USAA has consistently beat all quotes for auto
loans for me, but not so much for my younger relations. My USAA Visa has a
variable APR of 6.00% now, which is below the published minimum APR they
offer on cards. I've never asked USAA for any APR reductions on my Visa, they've
just done it over the years. USAA treats all my family members very well, but they
seem to treat me a little better.
I don't do banking or investment with USAA, so I don't know about banking products.
I have had USAA home and auto insurance, auto loans and credit cards for a long
time though. I bought my first new car with USAA when I got back from Desert Storm.
@bada_bing wrote:I infer there is a difference with USAA based on relationship but I think it
undisclosed internal ranking with USAA. All my extended family are USAA
members down to my neices and nephews, but with different lengths of time.
Over the last ten years or so, USAA has consistently beat all quotes for auto
loans for me, but not so much for my younger relations. My USAA Visa has a
variable APR of 6.00% now, which is below the published minimum APR they
offer on cards. I've never asked USAA for any APR reductions on my Visa, they've
just done it over the years. USAA treats all my family members very well, but they
seem to treat me a little better.
I don't do banking or investment with USAA, so I don't know about banking products.
I have had USAA home and auto insurance, auto loans and credit cards for a long
time though. I bought my first new car with USAA when I got back from Desert Storm.
Auto loans and CC's are banking side for USAA; also I would suggest your FICO score is likely a little higher than your relations statistically too 
.
Interesting point none the less, I've been a member there since I was a kid, next time I purchase a car when I'm sitting at gold plated status in a couple of years at the earliest I'll ping them vs. DCU and others and see. I certainly can't see their offering me a reduced rate compared to their advertised ones though, and usually their advertised rates are higher than some CU's though depends who's running a special at the time admittedly. USAA's lending portfolio is more diverse than most CU's and as such their auto loans aren't as big a deal for them, where many CU's were doing auto loans first and foremost seemingly.
Anecdotally here FWIW, USAA is typically less forgiving than various CU's, but at your level every lender should be tripping over themselves to throw car loans at you if your income supports it.
