Saturday, February 6th, 2010

Will the dealership be able to get a better interest rate than my credit union?

credit union rate
sana K asked:


Got approved through credit union for 8% interest credit score is 685 no late on auto loan for 4 years and no lated on credit cards for three years…Went to the dealership they gave me the price I wanted and now ask if they could try to get me a better rate through the dealership ?

2 Responses to “Will the dealership be able to get a better interest rate than my credit union?”

MadMan Says:

Very unlikely.

SPIFIMAN1 Says:

Auto finance is what I do for a living and 8% is not a very good rate for a credit union. I would let the dealer try and see if they can get you a better rate before you sign on the dotted line.

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