USAA auto loan question

Ameskranks · ‎01-18-2015

On the usaa website they indicate "excellent" credit qualifies for their lowest interest rates, and "good" credit qualifies for a decent but slight higher rate. Does anyone know what credit score range usaa considers "excellent" and "good" ? I'm sitting at around 735.

Revelate · ‎01-18-2015

@Ameskranks wrote:
On the usaa website they indicate "excellent" credit qualifies for their lowest interest rates, and "good" credit qualifies for a decent but slight higher rate. Does anyone know what credit score range usaa considers "excellent" and "good" ? I'm sitting at around 735.

Ask them directly, I don't know any lender (personally at least) that won't disclose their tiers upon request. The problem is they may underwrite on an auto-enhanced score, and we don't have access to that so it's a little moot unfortunately.

takeshi74 · ‎01-19-2015

No idea either and I echo the comment about scoring model. Call and ask. Their CSR's have always been very helpful in my experience. I had trouble getting some information from a seller's auto loan holder and they were very helpful with that.

Anonymous · ‎01-21-2015

I was on the USAA website and it does not post interest rates that I could find. I figured that I would start an inquiry to see if it showed me the rates. It did and I did not finish the inquiry, assuming that it would not be a reported inquiry. I was incorrect and it shows up on my credit report as an inquiry. I called them and asked about it and they said that if you start an inquiry online it will count as an inquiry but if you call them it will not. I will be using their call center from now forward.

Anonymous · ‎01-21-2015

@Anonymous wrote:
I was on the USAA website and it does not post interest rates that I could find. I figured that I would start an inquiry to see if it showed me the rates. It did and I did not finish the inquiry, assuming that it would not be a reported inquiry. I was incorrect and it shows up on my credit report as an inquiry. I called them and asked about it and they said that if you start an inquiry online it will count as an inquiry but if you call them it will not. I will be using their call center from now forward.

They post rates. They go as low as 1.29% APR on new cars if you use their car buying service

https://www.usaa.com/inet/pages/bank_loan_auto_main?wa_ref=pub_global_products_bank_auto

recordaras · ‎01-21-2015

For what it's worth, the dealership pulled my credit and it showed up as 721 Auto Enhanced 08, and USAA approved me at 2.99% (goes down to 2.49% if using their car buying service). It's kind of inbetween the posted rates for Good and Excellent.