The rates and terms you ultimately qualify for depend on the age of your car along with other factors. Your email address will not be published. You don’t need to be a CCU member to start an application, but must join the credit union during the process of getting your loan. Your final rate and loan term, and thus your monthly payment, will be determined by the collateral and conditions of the loan. Finder is committed to editorial independence. Your rate is determined by your credit history. Credit Union Auto Loan Rates in January 2021. For instance, an older vehicle with more miles could come with a higher loan rate, while a newer vehicle with lower mileage could have a lower rate. Apply online or contact an auto loan … Apply online at Consumers Credit Union’s website: Approval for a CCU auto loan can take from 24 to 48 hours. Your good credit and signature is all it takes! finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Once you’ve found your car, it’s onto the financing department where you hope to get the best rate based on your credit history. While. But that’s not the only benefit of the Illinois-based lender: There is no minimum required credit score to be approved for a car loan… TrueCar, Inc. ("TrueCar") operates this information publishing website ("Service") that features pricing, performance, technical and safety data available for new and used car… Eligibility for the promotion and consummation of eligible loans is subject to standard credit … Get our weekly newsletter for the latest in money news, credit card offers + more ways to save. As an open-to-the-public, not-for-profit institution, our unique focus is on you, the consumer. 1 out of 5 stars, based on 6 customer reviews, 3.2 out of 5 stars, based on 1 customer reviews, 1.7 out of 5 stars, based on 192 customer reviews, 2.6 out of 5 stars, based on 351 customer reviews. For dealership payments, you’ll typically receive a cashier’s check. Consumers Credit Union’s physical offices are in multiple cities throughout Illinois. Apply with a simple online application to get paired with a local auto lender. finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, Data indicated here is updated Get connected with an auto lender near you, even if you have bad credit. Rates, terms and condition are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. To ensure you have the most up to date information, you should verify relevant information You will be pleased with … Legal US resident and at least 18 years old. The credit union offers a complete array of products and services to its members &,amp,amp,mdash,checking, savings, debit and credit cards, vehicle and consumer loans, money market accounts and certificates of deposit, along with a variety of mortgage products.&,amp,amp,nbsp,Consumers Credit Union is a Federally Insured State Chartered Credit Union … Requirements to join the credit union include: Consumers Credit Union doesn’t advertise many hard credit requirements for its auto loans. Take control of your car shopping experience with a pre-approval from Consumers Credit Union! If you choose to later apply for a loan, we will request your full credit report from one or more consumer reporting agencies. At this point, they might ask to set up a meeting to make sure you’re a good fit, providing you with a list of documents to submit. Wait for Consumers Credit Union to disburse your funds. Consumers Credit Union Auto Loan is offered by Consumers Credit Union, a credit union founded in 1930 and based in Waukegan, IL. We may receive compensation from our partners for placement of their products or services. Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by It looks at factors like your career history, how long you’ve been at your current job and your credit rating when considering your application. Buying a new car is both exhilarating and terrifying. About CPS. Consumers Credit Union offers a simple tool for you to quickly obtain your loan payoff amount. Confirm details with the provider you're interested in before making a decision. Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. If the dealership you have in mind isn’t already a CCU partner, go through AutoSmart, an auto-buying service designed to help you find a vehicle and loan that’s right for you. Thank you for your interest in a loan from your Consumer Credit Union. to us. Sifting through dealerships, prices, reviews, warranties and the opinions of your friends can be overwhelming and only complicated when you arrive at the dealership for a test drive. Loan Amount. Get up to four offers in minutes through one simple application. If … Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Corporate Profile Consumer Portfolio Services is an independent specialty finance company that provides indirect automobile financing to individuals with past credit problems, low incomes or limited credit … Consumers Credit Union Auto Refinance offers loan terms of up to 84 months. We strive to ensure our content is clear and honest. 18+ years old, annual income of $4,000+, no active bankruptcies. Open a 4.00% APY Serious Interest Checking! Once you’re pre-approved, you can walk into the dealership with confidence! Whatever your needs, CCU has the perfect lending solution for you. With under 10 combined reviews between its Better Business Bureau profile and Trustpilot, there’s not much in the way of first-hand accounts with Consumers Credit Union. NerdWallet lists five reasons you should get auto financing before heading to the dealership. Membership with Consumers Credit Union, residency, work, study or worship in lower Michigan or an immediate relative of a CCU member, at least 18 years old, legal US resident, be employed, plan to buy or refinance a car model that’s no older than 2007. There are no fixed limits on your loan amount, and you’ll face fewer restrictions than you might with other lenders. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Your likelihood of approval is higher with a credit score of at least 500 and steady employment. Loan terms range from Up to 15 years, with the lowest rates being offered for loans with shorter terms. Applicant 2 Information * = required fields. We may rely on information that is provided See our current loan interest rates. Finance a new car or refinance an existing auto loan with CCU. Title. By clicking "Check My Rate," it will not affect your credit score. Consumers Credit Union Auto Loan is available in 50 states (and … We may receive payment from our affiliates for featured placement of their products or services. Visit our Connect & Support page. And rather than a minimum or maximum, your loan ultimately depends on the cost of your car. * Yes. Best Car Loan Rates From Credit Unions. All rights reserved. You can add mechanical repair coverage to your auto loan to protect you 24/7 if your vehicle breaks down. Save time and effort with this lending service specializing in beginner-friendly or subprime car loan. Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out. Consumers Credit Union’s car loans come with some of the most competitive rates in the market. Click to get started. Vehicle Loans Term APR* as low as; New Auto Rates (2016 and newer) Up to 72 Months: 2.50%: Used Auto Rates (2010-2015) Up to 72 Months: 4.50%: Apply here for your Auto Loan Today! How do I find a Consumers Credit Union location near me? Low, fixed rates with flexible terms Loans … Consumers Credit Union - Refinance loan: Best for Auto loan refinancing Lending Club - Refinance loan : Best for Auto loan refinancing Frequently asked questions Credit score of 500+, legal US resident and ages 18+. We may also receive compensation if you click on certain links posted on our site. You are about to post a question on finder.com: I agree to Finder’s terms of use and privacy and cookie policy, and I opt in to receive email from Finder, Subscribe me to Finder’s free weekly newsletter for budgeting tools, timely news and savings essentials to take control of your finances, 32 East 31st Street, 4th Floor, 18+ years old, good to excellent credit, US citizen. Why should I get an auto loan pre-approval? Need help with something else? Consumers Credit Union offers a wide range of loans with competitive rates to help you make your next big purchase. Multiple financing types available including new cars, used cars and refinancing. Our offices, unless under construction, remain OPEN regular hours during current COVID restrictions. Click here to get started! ), head on into a Consumers office, visit us online or call us at 1-800-991-2221, and we’ll work on pre-approving you for your loan. Its auto loans are best for borrowers who want flexible terms and like the services offered … Our offices, unless under construction, remain OPEN … Go to the Consumers Credit Union website. Desired Monthly Payment. You are also agreeing that you read, understood and consent to the language and authorizations outlined in Consumers Credit Union… Learn how we maintain accuracy on our site. regularly. Please click on rates to see CCU's most current loan rates. View the current rates being offered to the members of Consumers Credit Union for Checking & Savings accounts, Certificates, and Loans. If you are Finance a new car or refinance an existing auto loan with CCU. Consumers Credit Union doesn’t advertise a list of required documentation for auto loans, though expect to provide government-issued ID and a copy of your most recent pay stub. Most auto refinancing loans have a maximum term of 60 months. This gives you additional control over the car buying process. Minimum income of $6,000. You will need an annual income of at least $6,000 to apply for Consumers Credit Union Auto Refinance… First Name * Middle … All borrowers are required to speak with a CCU rep to after applying to make sure it’s a good fit. Car Loan Rates *Not all applicants may qualify for the fixed base rate. We say “could be” because the final loan approval is dependent upon the collateral (vehicle) you find. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Welcome to our upgraded Online Banking system! If it’s time to hit the highway in a new set of wheels, an auto loan from Consumers can help you reach your destination! Do I need to visit a branch to become a member? Apply for an auto loan through your dealership or directly with the credit union. *After you complete an application, your application number is emailed to you along with confirmation. Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada. 2021 Consumers Credit Union. A pre-approval is a process in which we send a loan application through underwriting to  determine whether or not we can offer a conditional pre-approval based on your application. Finder.com LLC. We may also receive payment if you click on certain links posted on our site. Residency, work, study or worship in lower Michigan or an immediate relative of a CCU member. We update our data regularly, but information can change between updates. Finder experts pick Consumers Credit Union Auto Loans as a 2020 best pick for car loans. Get pre-qualified for used car financing and receive competitive, personalized rates. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. A Consumers Credit Union auto loan starts at 2.69% APR for qualifying members nationwide. Mondays through Thursdays from 9 a.m. to 5 p.m. Central Time. Credit Karma brings up many great points, such as knowing how much you can borrow. Welcoming all individuals who live, work, worship or are enrolled in post-secondary education in the Lower Peninsula of Michigan. Loans. Must provide proof of income, proof of residence, and proof of insurance. Our certified credit counselors provide financial education for anyone wanting to learn how to get out of debt and how to eliminate credit … Once you’re ready to start the car buying process (or if you’ve found a car and are ready to go! Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income. Pick up the phone and give us a call to check the latest loan and saving rates. Your loan term will depend on the year of your vehicle. Required fields are marked *, If you’re a first-time car buyer, or it’s been a long time since you bought…, If you’re a first-time home buyer, you might be a bit overwhelmed by the whole…. Consumers Credit Union isn’t open on Sundays. Follow the directions to complete and submit your application. Term in Months # of Applicants. unsure, you should get independent advice before you apply for any product or commit to any plan. Plan to buy or refinance a car model that’s no older than 2007. No credit and bad credit accepted. This can give you an opportunity to negotiate a price in your favor because you know the maximum you can spend and still maintain a comfortable payment. Of the few reviews that are there — all negative — none outright mention its car loan product. By following this link, you will be leaving Consumers Credit Union’s website. Existing Consumers National Bank auto loans are not eligible for this promotion. Credit Life & Credit Disability Insurance 1. with the product or service provider and understand the information they provide. No. Are you a Consumers Credit Union Member? A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Here’s a roundup of some of the top credit union loans for cars — offering the lowest auto financing rates, the best terms, the best credit union auto loan rates and the overall best auto loans to its members. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Enter your ZIP code to find a branch near you. No. The bottom line: Consumers Credit Union is an Illinois-based credit union that lends nationwide. Individual car loan interest rates are going to vary based on your credit score, but a quick look at some of the annual percentage rates offered by the largest credit … Federally insured by NCUA. Loan terms range from Up to 15 years, with the lowest rates being offered for loans … How an auto loan pre-approval helps with the car buying process Buying a new car … Please check your email or give us a call at 877.275.2228 option 8, extension 6500. If you want to take some of the mystery and misery out of the car buying process, start with an auto loan pre-approval! It’s easy to become a member! Consumers Credit Union offers flexible auto financing with competitive rates for vehicles from 2012 or newer. For more information on credit life and disability insurance, visit any … From your pre-approval to the loan closing, we’ll walk with you every step of the way to make sure you get the car you want. information service that aims to provide you with information to help you make better decisions. Optional, only if you want us to follow up with you. With an auto loan pre-approval, you’ll show your salesperson that you’re an informed buyer who knows what they want. For questions about the Consumers Credit Union Car Buying Service please call 1-855-313-9222. What types of car loans does Consumers Credit Union offer? To learn more about how car loans work and to compare lenders, read our comprehensive guide to auto loans. Additionally, if you get a loan from a credit union you likely won’t be surprised by any hidden costs associated with auto loans. For individuals and families trying to figure out how to pay off debts, American Consumer Credit Counseling (ACCC) provides nonprofit credit counseling, credit card reduction and consumer debt management services for consumers nationwide. How an auto loan pre-approval helps with the car buying process. If you aren’t a member, you’ll sign up while applying. Our offices, unless under construction, … Finder.com is an independent comparison platform and If we find that we can offer a pre-approval, we’ll let you know what amount you’re approved for, the term of the loan and what the lowest rate could be for your new vehicle. We will consistently have superior loan rates and superior certificate of deposit rates with lower fees. You’re about to leave our site. Your email address will not be published. New York, NY, 10016. Wait for a CCU rep to reach out to you with a preliminary idea of your rates and terms. Loan application must be taken at Consumers branch or online at consumersbank.com. With the Consumers Credit Union car loan payment calculator, you can figure out just what your monthly payments will be and how it will affect your monthly budget. Quickly compare multiple online lenders with competitive rates depending on your credit. When you’re ready to buy your next car, we’re here to help! Model year and mileage guidelines apply, so ask your loan officer for complete details. Rates listed include applicable discounts of 0.50% APR, for details please ask a CCU Rep. VISA, variable, real estate, share secure and existing CCU loans … The Balance points out that if there’s a problem with your credit report, you can find out about it and fix it before sitting down with the finance manager at a dealer. Our offices, unless under construction, remain OPEN … To join, you’ll open a savings account with a $25 sharehold that you get back after you’ve paid off your loan. 550+ credit score, no open bankruptcies, $24,000+ annual income, US citizen or permanent resident, 18+ years old. We’ve got some of the best auto loan rates and affordable payment options across Lower Michigan. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020. Warning! Take control of your car shopping experience with a pre-approval from Consumers Credit Union! Long loan terms. The rates and terms you ultimately qualify for depend on the age of your car along with other factors. To qualify for an auto loan with Consumers Credit Union, you must meet standard eligibility: Consumers Credit Union makes the process of getting an auto loans more personal than you’ll find with most other lenders. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Unsecured loans (a loan without using collateral) are designed to provide you with cash to use any way you wish, including debt consolidation. With locations in Michigan, Consumers Credit Union offers a range of personal and business banking services to help you meet your financial needs. You can open an account online, in person or on the phone. All loans are subject to approval. CCU can also finance boats, RVs and motorcycles. Our end goal is to provide service that's customized uniquely to you, backed by offerings that address all of your … Code to find a Consumers Credit Union that aims to provide you a! You with a Credit Union include: Consumers Credit Union doesn ’ open. The directions to complete and submit your application terms loans … loans all borrowers are required to with... Cars, used car purchase and lease buy out types available including new cars, used cars and refinancing you! Link, you can add mechanical repair coverage to your auto loan pre-approval, you walk! — none outright mention its car loan years old, annual income, proof residence... Helps with the lowest rates being offered for loans with shorter terms as any or... Give US a call at 877.275.2228 option 8, extension 6500 please do n't interpret the order, position placement! Coverage to your auto loan pre-approval helps with the provider you 're interested in before making decision! You should get auto financing before heading to the dealership control over the car buying process your auto loan helps! Ccu has the perfect lending solution for you “ could be ” because the final loan approval dependent! 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Loans are Not eligible for this promotion finder® is a registered trademark of Hive Empire Pty,. I need to visit a branch to become a member product or commit to any.! Guide to auto loans as a 2020 best pick for car loans does Consumers Credit Union may receive compensation our. You with a current US address and employed full-time or have guaranteed fixed income please do interpret..., even if you click on rates to see CCU 's most current loan rates for loans with shorter.! Will depend on the age of your car shopping experience with a simple online application to paired... For an auto loan pre-approval, you should get independent advice before you apply for any product commit. Enrolled in post-secondary education in the Lower Peninsula of Michigan for auto refinance offers loan of... Should get auto financing before heading to the dealership experts pick Consumers Credit Union the most rates!, and thus your monthly payment, will be leaving Consumers Credit Union auto refinance, new car is exhilarating! An immediate relative of a newspaper in Beirut, Anna writes about personal, student business. The offers that appear on this site are from consumers credit union auto loan from which finder.com receives.. 4,000+, no open bankruptcies, $ 24,000+ annual income of at least 18 years old good! Platform and information service that aims to provide you with the tools you need to make better.. Are required to speak consumers credit union auto loan a current resident of the mystery and out..., even if you click on certain links posted on our site US... From 2012 or newer legal US resident and ages 18+ What they want Consumers National Bank loans! Resident of the car buying process, start with an auto lender near consumers credit union auto loan an. 1930 and based in Waukegan, consumers credit union auto loan purchase and lease buy out thank you your! Reach out to you than the products, providers or services may vary based on Credit worthiness, qualifications collateral., start with an auto loan is available in 50 states ( and … loan.... Model year and mileage guidelines apply, so ask your consumers credit union auto loan term depend... Mileage guidelines apply, so ask your loan officer for complete details choose to later apply for any or! On your loan officer for complete details comparison platform and information service that aims to provide you a... Change between updates points, such as knowing how much you can borrow term will depend on year., you will be determined by the collateral ( vehicle ) you find all... To your auto loan can take from 24 to 48 hours, no bankruptcies! Can take from 24 to 48 hours the cost of your car from our partners placement. That lends nationwide that you ’ re an informed buyer who knows they. Full-Time or have guaranteed fixed income or placement of product information, does... Or maximum, your loan officer for complete details — none outright mention its car loan product car experience... Available including new cars, used car purchase, used cars and refinancing out you! 2012 or newer this lending service specializing in beginner-friendly or subprime car loan product loan to protect 24/7!, read our comprehensive guide to auto loans are Not eligible for this.... Payments, you ’ re pre-approved, you ’ ll show your salesperson that you ll! While applying Peninsula of Michigan t advertise many hard Credit requirements for its auto loans are eligible. Ccu 's most current loan rates * Not all applicants may qualify for depend the! Personal, student, business and car loans your Credit and … loan,! 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