U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Automotive
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 11-16-2010, 08:33 PM
4,925 posts, read 7,906,135 times
Reputation: 3180


I've done it a couple of times through my credit union and have had zero problem. Better rates than quoted by a dealer for a like car both times.

If I remember, all I provided my credit union was the make, model, VIN, and mileage. I'm sure they checked to see that the loan to value was there, but otherwise, I don't know why it would matter to them as to where you got a used car...from a dealer or individual.
Quick reply to this message

Old 11-17-2010, 08:06 AM
Location: Pikesville, MD
5,231 posts, read 8,872,148 times
Reputation: 4846
Originally Posted by PHX2DCA View Post
I'm not sure where the folks in this thread obtained their information.
From buying cars, duh. Capital One still does it for private parties, as well. What they switched on was no longer dealing with cars older than 7 years or 70k miles. But credit unions have no problems with it, and the rates are quite competetive.
Quick reply to this message
Old 11-19-2015, 12:43 PM
1,595 posts, read 470,515 times
Reputation: 2141
Rates do tend to be slightly higher on used but in this era of low interest rates it's really not a big deal. My credit union offers 1.49% new and 1.99% used.

The older the car is the trickier it may get to be approved and a higher down payment may be required. But really as long as the value of the car is at or more than the loan and you're not taking out a crazy long term you can get excellent rates used very easily. Assuming good credit of course.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.

Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Over $99,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Automotive
Similar Threads

All times are GMT -6.

2005-2016, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top