Do I qualify if I am in CA? I notice they are not base in CA. The best I can get here is 1.89% for 72 months. 1.49% would be better even if it's only for 65 months.
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- Thread starter chmod a+wrx
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Do I qualify if I am in CA? I notice they are not base in CA. The best I can get here is 1.89% for 72 months. 1.49% would be better even if it's only for 65 months.
Cyclone
Cyclonic Member ((.oO))
They are based in MA, I live in NC. I did everything online and today I received my FedEx'd check for the purchase. This has literally been the easiest financial institution I have worked with in recent history.
siucity
Button Pusher
You can qualify by joining one of DCU's participating organizations.
DCU Participating Organizations | Branches in MA | NH
The lowest membership fee appears to be $10. Totally worth it for a lower interest rate on your car loan.
Cyclone
Cyclonic Member ((.oO))
And if you are not a member of a participating organization already, DCU will sign you up while you apply to be a member, so just one form to fill out.
rnguy001
Member
Here in the DC metro area I qualified for 1.74% for 60 months at NIH Fed Cred Union. Open to NIH employees or those in the medical professional. Very easy process.
Digital credit union is by far the best rate at the moment. 1.49% up to 65 months. 2% up to 84 months. I've searched everywhere and they are currently the lowest available.
Those are not the rates listed on their site? Am I missing something? Do the rates change based on LTV? (80% vs. 100%)
New and Used Car Loans | DCU | Massachusetts | New Hampshire
Cyclone
Cyclonic Member ((.oO))
From your link, click on "Rates" underneath the calculator (NOT the "Rates" Tab alongside "Features" and "Details"). Then click "Vehicle Loans". Halfway down that page, you will see. So 1.74 and 2.24% minus the 0.25% Green Car discount = 1.49 and 1.99%.
Cyclone
Cyclonic Member ((.oO))
For DCU, I submitted an application on Froday night just before midnight. Monday morning at 10 am. Did you check out their loan status website at Digital Federal Credit Union Login
?
?
Just to follow up on Thursday's post, I called DCU again and they said they were going to give me 1.24% with the direct deposit and energy efficient discounts. Not sure I'll really believe it though until I receive the paperwork. I will say that the internal and external communication at DCU seems a bit wanting thus far....
Cyclone
Cyclonic Member ((.oO))
Once they mail the check, the loan shows up in Online Banking and lists the applicable rate. Mine shows up and has 1.49% on it.
ZestyChicken
Member
Does anyone know how long the quotes last for? I'm about to order a 85D (or 6-8 weeks out). Think most places will give you a 30 day lock only...
Cyclone
Cyclonic Member ((.oO))
For DCU, officially there is no lock and the approval is only valid for 30 days. The rate doesn't lock until the loan is "funded" (i.e., checks are cut). That said, someone upthread got them to honor the 1.24% rate that was in effect when he/she applied. It was and still is 1.49% when I applied, so I didn't have to go through anything.
Cyclone
Cyclonic Member ((.oO))
My loan is for a good bit more than that. Perhaps they will only give up to $50k due to credit scoring or debt-to-income levels?
Cyclone
Cyclonic Member ((.oO))
Oh, you were looking at the calculator. Yes, the calculator only goes to $50k. It has no bearing on the limits they use though.
Head's up everyone.
PenFed is offering 0.99% for loans up to 48 months on a promotional rate until May 25th. Loan amounts are $7,500 - $100,000.
PenFed - Auto Loans Overview
Think that may be lowest rates for the time being. If anyone can find out if it's possible to lock in those rates for a future new vehicle loan that would be great.
PenFed is offering 0.99% for loans up to 48 months on a promotional rate until May 25th. Loan amounts are $7,500 - $100,000.
PenFed - Auto Loans Overview
Think that may be lowest rates for the time being. If anyone can find out if it's possible to lock in those rates for a future new vehicle loan that would be great.
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