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A credit union would be easier to obtain a car loan from. There are less fees involved, and the rates are lower at a credit union. You would potentially save hundreds of dollars a year if you used one, instead of a bank.

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Q: Is a bank or credit union better for a car loan?
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Related questions

Is it better to get a car loan from a credit union, a bank, or a loan shark?

It would usually be cheaper and more ideal to get your loan from a credit union, but this can change, depending on your credit score! The second best would be getting your loan from a loan shark.


What is bank loan?

A bank loan is money that is owed to a lending institution. This can be, for example, a bank or a credit union.


Where can one get a car loan when they have no credit?

The best place to get a car loan when you have no credit is at the local bank or credit union that you have had an account at for a prolonged period of time. If you've never belonged to a bank or credit union you can ask your family if they will cosign a loan at their financial institution.


Do I go to a regular bank or a credit union to get a remodeling loan?

How do I go about getting remodeling loans? Do I go to my regular bank or credit union?


Is it better to have a loan with one bank rather than the other for an auto loan?

You will usually get a better rate if you finance thru a local credit union instead of a bank or finance company. Credit Unions will also determine a book value for the car to be sure you are not being over charged.


Where can a 20 year old get a car loan?

Check with your bank or credit union.


How can you get a loan for startup Restaurant business?

You can get a loan for a start-up restaurant business at a local bank or credit union.


Where can someone get a debt consolidation loan if they have bad credit?

If you have bad credit, getting a debt consolidation loan from your bank or credit union might be difficult. Some people may not have good credit, but not quite poor credit. If you have no major debts but still have so so credit you might be eligible for a loan from your bank.


Where can an 18-year-old obtain financing for a car loan?

Just about any bank in the world. Try a local credit union though. better rates.


What is the difference between a bank loan and a bank credit?

What is the difference between bank loan and bank credit?


How can I get a short term loan?

If you belong to a bank or credit union, check with them first. If your credit is in good standing, their loans will almost always be better (in terms of interest rate) than a short term loan place. For any loan you will need to show proof of income, and will likely have to submit to a credit check.


How long does it take to get money from a loan once you're approved at a credit union?

Usually after a person is approved they can get the money the same day at a bank or credit union.