First Time Car Buying
Feeling overwhelmed? Read our blogs below to help guide you through the car buying process!
What Is Too High an Interest Rate for a Car?
Because everyone's situation when car shopping will be different, there's no exact answer to what is too high an interest rate for a car loan. The interest rate you are likely to be offered is based on several main factors that will be specific for you.
What Score Do Credit Unions Use for Auto Loans?
Credit Unions use your credit score as a factor for deciding whether or not you qualify for an auto loan(Opens in a new Window) and what your interest rate will be. When applying for auto loans, you’ll be required to disclose personal information, your employment history, and other financial information.
Is it better to Get a Loan Through a Credit Union?
As people begin their search for a loan that best meets their needs, they often ask, “Is it better to use a bank or credit union?” Generally, it is more beneficial to pursue a loan with a credit union instead of a bank.
Do Car Dealers Prefer You Finance?
Some car dealers who issue auto loans(Opens in a new Window) in-house do prefer you finance with them, because financing is part of how they make money. But do car dealers hate cash buyers? Or those who come in with an auto loan pre-approval? Absolutely not! At the end of the day, an auto dealer exists to sell cars.
Why Is it Important to be Pre-Approved Regardless of Credit Score Before Shopping?
Buying a car can pen a whole world of possibilities, but applying for auto loans makes a lot of us sweat. There's no need to fear, though, and car shopping with pre-approval for auto loans already set up can make it that much less stressful.
Auto Loans & Leases
See our rates to see what best fits you! This one-stop vehicle and loan shopping experience will guide you from start to finish in the auto purchasing process.