Is it better to go through a Credit Union or a Regular Bank for a auto loan? The APR is the same and the monthly payment would be the same. Does your credit score benefit more from the regual bank?
2007-08-21 09:49:02 · 7 answers · asked by luvmyarod 1 in Business & Finance ➔ Credit
Auto finance is what I do for a living, and as long as they both report to the credit bureaus it makes no difference.
2007-08-21 10:18:52 · answer #1 · answered by ? 7 · 1⤊ 0⤋
1
2016-09-27 20:40:40 · answer #2 · answered by ? 3 · 0⤊ 0⤋
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RE Auto Loans?
Is it better to go through a Credit Union or a Regular Bank for a auto loan? The APR is the same and the monthly payment would be the same. Does your credit score benefit more from the regual bank?
2014-09-13 23:40:11 · answer #3 · answered by ? 1 · 0⤊ 0⤋
it doesn't make a difference score wise as long as they are both reporting to the bureaus.
as for who to choose that is really a preference issue. i have had better experience with credit unions. they are more customer oriented.
just make sure you read the fine print on any loan you sign.
2007-08-21 10:06:49 · answer #4 · answered by macy 3 · 0⤊ 0⤋
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2007-08-23 04:50:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I've always gotten better interest rates at the credit union. But if all things are equal, just chose the most convenient for you.
2007-08-21 10:10:16 · answer #6 · answered by bdancer222 7 · 0⤊ 0⤋
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2014-05-08 04:49:13 · answer #7 · answered by Anonymous · 0⤊ 0⤋
pay cash is best. avoid car payments
2007-08-21 12:20:02 · answer #8 · answered by Anonymous · 0⤊ 1⤋