Need opinions please...BECU auto loan vs USAA or Florida Cu

[tussking]

I called BECU and they used the same HP from my credit card cli two weeks ago. 

Instant approval $27k - 72 months - 3.54% on a 21' VW

I can possibly get USAA at 2.79.

When I run the numbers BECU is $9 a month and $648

Is it worth risking another HP where as this will be my first loan with BECU and they just gave me max on their CC? I feel like paying the extra is better for my long term relationship with BECU?

[chiefone4u]

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@tussking wrote:

I called BECU and they used the same HP from my credit card cli two weeks ago. 

Instant approval $27k - 72 months - 3.54% on a 21' VW

I can possibly get USAA at 2.79.

When I run the numbers BECU is $9 a month and $648

Is it worth risking another HP where as this will be my first loan with BECU and they just gave me max on their CC? I feel like paying the extra is better for my long term relationship with BECU?

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If you think you can get a better rate it might be worth the HP; at least you wouldn't later question yourself about possibly being able to get a better rate.

I have never had a loan through USAA, I do have my life insurance policy and a couple credit cards with them. My few interactions with USAA were nothing to write home about. Neither good nor bad.

BECU has a perk you may not have seen or been told about; once a year, your credit profile is looked at and if during that review you would qualify for a lower interest rate than you currently have they will change your auto loans rate to the new lower rate.

All of my interactions have been good to great with BECU, I have multiple accounts with them including an auto loan (refinanced from another lender).

Most lender's charge more in interest the longer the loan is. USAA for example states in the fine print that their advertised rate is for 60 months and includes a 0.25% discount for autopay.

My local credit union charges 1.5% more to go from 60 months to 72 months and another 0.75% to go from 72 to 84 months.

[pizzadude]

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@tussking wrote:

I called BECU and they used the same HP from my credit card cli two weeks ago. 

Instant approval $27k - 72 months - 3.54% on a 21' VW

I can possibly get USAA at 2.79.

When I run the numbers BECU is $9 a month and $648

Is it worth risking another HP where as this will be my first loan with BECU and they just gave me max on their CC? I feel like paying the extra is better for my long term relationship with BECU?

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It's really your call - with the higher rate you'll pay ~$650 more in interest over the life of the loan.   If you're okay with that then stick with the 3.54%.

[tussking]

Thanks all...I decided to roll with BECU until they called me back and said the rep made a mistake on the approval and my rate is now 3.89.

I talked to a SUPER and they are pulling the call. If it checks out they will honor the 3.54 rate. This kind of BS makes me want to call NFCU and pay the extra points as I know they are superior to every other. CU.

[txwallflower]

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@tussking wrote:

Thanks all...I decided to roll with BECU until they called me back and said the rep made a mistake on the approval and my rate is now 3.89.

I talked to a SUPER and they are pulling the call. If it checks out they will honor the 3.54 rate. This kind of BS makes me want to call NFCU and pay the extra points as I know they are superior to every other. CU.

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I would not call what BECU did BS. People make mistakes.  The fact that BECU is willing to pull the call recording and honor the 3.54 rate if that is what their agent quoted you speaks volumes that customer service is important to them.  I guarantee you that USAA would NEVER pull a call record for you. You would have been told "sorry, our agent was incorrect.  The rate is 3.89". USAA CS has gone downhill the last few years. It's your decision on who you want to fund your loan.  But the fact that it was stated that BECU annually checks your credit and will automatically lower your interest rate without you have to do anything...  I wouldn't pass that up.  Now THAT is customer service. I don't know of any other bank that does that without you having to call and ask and that my require a HP.