USAA's Scoring Model Used For Auto Loans?

[AutisticPretzel]

First and foremost: I know I know - USAA may not be the most competitive when it comes to rates but I'm trying to further rebuild my relationship with them, so I'd like to keep them open as an option.

So I know that USAA uses Experian BankCard 3 for their credit card decisions, but does anyone know what they use for their auto loans? Do they use the classic score, auto enhanced or mortgage scores? Do they also use Experian for these as well?

Also, is there any other information I should know about before applying? (Sensitivity to new accounts, minimum score needed, overall ease/complexity of approval process?)

Thanks in advance!

[Gmood1]

I know they use EX for auto loans as well. As you've stated, they are normally not as competitive with the rates.

But the process is by far the easiest and streamlined of any bank or CU I've dealt with.

Everything is done electronically. No mailing in paperwork. You can buy a vehicle within minutes of completing the application on your phone.  Decisions have always been instant IME. 

There's no waiting a week for someone to process the application. 

[AutisticPretzel]

Thanks for the response.

Do you remember if approval terms are conditional in any sense? For example, is your interest rate dependent on the vehicle year, model, trim etc (like Capital One's auto loans) or is an approval a simple flat rate, irrespective of the vehicle being purchased? (As long as it's within the general year and mileage restrictions)

There's just such limited information about USAA auto loan process out there.

[Gmood1]

Whatever rate I was approved for, was the rate I ended up with, both times I used USAA.

If you picked new while applying for the loan. As long as you are buying a new vehicle. That is the rate you'll get.

The same applies when buying a used vehicle. 

I don't remember how many years they go back and still look at the vehicle as new.

You can call the finance department and dig deeper.

I pre-called both of the times I used them. 

[rileydude]

I used USAA in 2019 to purchase my vehicle. Applied for 65k online to them, NFCU  and Penfed. USAA and PENFED asked for income verification,  NFCU was instant approval. USAA took maybe half a day to get back with me with approval, PENFED was a day later approved. The rate was .5% higher, but they gave me a ,25 Discount with auropay..plus I already had auto insurance with them, so I picked them. They determine a vehicle new if it's up to a year a year old I think, after that your rate goes slightly up into the next tier, and a vehicle that is I believe more than 7 years old gets the highest interest rates..They will finance the top tier vehicles up to 84 months, the other 2 u think is up to 72 months. They send a blank check via FEDEX to my house within 2 days of approval, and it was good for 45 days. I am pretty sure they pulled EX 8, but I also heard it depends on the state you in..but I know that i was just barely over 700 at the time on all 3 auto scores across. So, i can not complaint about USAA at all, this was the second vehicle I financed with them..the rates were competitive to me, the whole process took a day to get approved and had the check in my hand two days later. 

[AutisticPretzel]

This is exactly what I was looking for. I just hope they don't use FICO AUTO Enhanced because my scores are consistently lower there than the rest of my scores lol. I'll give them a shot in a few months when I'm ready to make my purchase. Thanks again for your insight!