Advice and recommendation on Credit Union for auto loan

[theocguy]

I wonder if anyone can share your feedbacks and recommendations on Credit Unions for loan? I am looking for local credit union in Orange County, CA.

However, any recommendations would be highly appreciated.

Also, I am getting some concerns about getting 2 auto loans almost back to back.

I am expecting to take out loan for M3 RWD and MYLR. How unlikely would they NOT approval the 2nd loan (which it is for MYLR)?

 

[240vPlug]

Two car loans is not really an issue in and of itself. It will depend on other factors like income, debt, and credit score. Some bank and cu will have more stringent policies than others. With credit unions usually you can call and ask about their guidelines.

 

[hurjio]

DCU is recommended for lowest rate (under 2% right now). They are not local but I think anyone can join with a $10 donation.

 

[pcmike]

I got two loans basically back to back… one 9/21 (M3SR+) and one 2/22 (MYLR). First one is with US Bank (through Tesla via rate matching) and one is with DCU. Both are at 1.24% for 72mo and 65mo respectfully. Never had any worries or issues.

 

[christin L]

Does anyone of you put credit Union as a lien holder? My credit union requires me to do so.

 

[ddeflyer]

I think pretty much all auto financing does; the vehicle is the security for the loan.

 

[Kokukenji]

I just saw this thread as new, clicked it, saw the first posting about DCU giving out rates for 72 months under 2% and became instantly sad, lolol

 

[Hiline]

I think pretty much all auto financing does; the vehicle is the security for the loan.

US Bank didn’t require that from me, but my credit union did.