Orange County's Credit Union Approval

[DaWhole9]

I have been with Orange Countys Credit Union for over 10 years and this is my second car loan.  I was pre-approved for $60k.  I bought a 2018 BMW M550i with 32k miles for $42k.  Put some money down aend financed $40k.  I am at 5.74%.  Credit score is 816 and I am under 1% utilization, with over $190k available credit.  Thanks to advice and guidance here, I went from 590 to 816 in about 4 years.  If this is in the wrong area mods please remove or delete...Thanks!

[FlaDude]

Congrats on getting your credit turned around and on the approval!

[pizzadude]

Congrats on the sweet ride and approval !   Great interest rate also, 5.74% is good for used cars.

[DaWhole9]

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@pizzadude wrote:

Congrats on the sweet ride and approval !   Great interest rate also, 5.74% is good for used cars.

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Thanks!  I was a little sad...my old loan on the car I traded in was 2.9%.  

[sccredit]

Great approval. My current car loan is with OCCU and nothing but praise from me.

[DaWhole9]

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@sccredit wrote:

Great approval. My current car loan is with OCCU and nothing but praise from me.

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They have been AMAZING to deal with.  No complaints and great rates.  I was told they will even match other lender rates if you find a cheaper rate elsewhere...not sure how that works.

[TrapLine]

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@sccredit wrote:

Great approval. My current car loan is with OCCU and nothing but praise from me.

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Well you are with the credit union that has the Duck Card. That was a CU that was a big hit a few years back.

[sccredit]

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@DaWhole9 wrote:

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@sccredit wrote:

Great approval. My current car loan is with OCCU and nothing but praise from me.

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They have been AMAZING to deal with.  No complaints and great rates.  I was told they will even match other lender rates if you find a cheaper rate elsewhere...not sure how that works.

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The did. When I did my car OCCU was at 3.79 and Parsons was at 3.29%. I told them I was going with Parson, they told me to send the approval over and matched the 3.29%. This was around September 2022 so rates were obviously rising at that time. 

[sccredit]

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@TrapLine wrote:

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@sccredit wrote:

Great approval. My current car loan is with OCCU and nothing but praise from me.

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Well you are with the credit union that has the Duck Card. That was a CU that was a big hit a few years back.

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I think you are referring to Oregon Community Credit Union who issues the Duck card, we are discussing Orange County's Credit Union in California. I don't have any experience with Oregon's OCCU but also remember the Duck card being discussed quite a bit a couple of years ago.

[MissLiz]

That's a great rate! Congrats!