Customer Support
If you have any questions regarding myAutoloan rates or the company’s online auto loans, you can either reach out to customer service or browse through the FAQ/Help sections. Customer support agents are knowledgeable and willing to help; however, you can only contact them by filling out a form on the site.
There are no phone or live chat options. The help section has a broad selection of reading materials, but that doesn’t exactly qualify as instant assistance.
At a Glance
- Detailed credit score assessment
- Wealth of resources
- Quick approvals
Consumers Credit Union Auto Loan Review
If you’re going with a credit union, you might as well go with one of the best-known organizations in the industry. When compared to the competition, one of the CCU’s key benefits is flexibility.
To become eligible for a loan, you’ll first need to become a member. Luckily, it’s an inexpensive, quick, and absolutely worthwhile process that can be done online or over the phone.
Lowest Rates and Discounts
Consumers Credit Union offers low car loan rates with a starting APR of just 2.24%. This option is available within a very flexible loan term of 0 to 60 months but limited to vehicles manufactured after 2018. Of course, you need to meet high credit score requirements before even considering this option.
The lowest APR for motorcycles is 4.90%, while RVs start at 4.40%. Note that these numbers are calculated with a 0.5% discount rate if you enable automatic payments through CCU. If you choose a third-party system, you’ll only get a 0.25% discount.
Membership Fee
The first step towards becoming eligible for low-rate auto loans is acquiring a CCU membership. This is a standard requirement for credit unions because of the organizational structure – you’re a client and an owner at the same time.
