Hey MyFico. I'm trying to help my friend during her first car buying experience. I got the car purchase and backend adds part down. I just need help with a low APR 72 month auto loan. What banks or CUs would you recommend in the Fort Worth, TX area. Her credit profile is fairly slim with three credit cards and a total limit of approximately $15,000. Usage is around 5%. And her credit score is anywhere from 699 (Exp V8 verified today) to 730 (Credit Karma). Help with a low interest 72 month auto loan would be much appreciated. Thank you!
+1 to the credit union suggestion. EECU and Texas Trust CU are good. Ft Worth Community CU has rates in the 3’s up to 84 mo on 2018-2020 models. There’s locations in Arlington, Bedford, and south ft worth/Benbrook area. Navy federal, if eligible, and Penfed are solid on auto loans too. IME credit unions have always offered the lowest rates, and I think your friend will get their best rate at a CU as well.
I’m just not a fan of EECU, I have a loan with them for my business and that’s pretty much it. I also have membership at Fort Worth Community Credit Union but was declined credit card with a FICO 9 738.
Starting Score: 760