Best Loan Rate?

[Haoooc]

Finally got my beast Vin today! RN11279* ordered 12/30/2023.

I need to finish my loan before schedule the delivery and the best rate I am seeing is from USSFCU, 4.99% 48month or 5.24% 60month. Just checking if anyone has seen even better rate.

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[CyberRich]

Navy Federal Credit Union still steady at 4.99% 60 months if you can get in.

 

[Speedr]

One of the safest vehicles on the road today. If you're not in a Tesla already, then you're literally risking your life by putting it off. Obviously it's not night and day if you're in a few year old car, but I know a former co-worker still trying to walk without pain that would give anything to have been in a safer car...

 

[jf64k]

University of Illinois is 4.99% (2024 or newer, 75 months max, 730 or higher, 110% LTV)

Super easy to join and very friendly staff: https://www.uoficreditunion.org/loans/auto-loans/

 

[fishtek]

I went with the 4.74% for 36 months from USSFCU. They were really easy to work with and very fast. I filled out the application on a Saturday afternoon, got a call a few minutes later to confirm some things, and was approved by mid morning on Monday, certainly recommend them!

 

[Haoooc]

University of Illinois is 4.99% (2024 or newer, 75 months max, 730 or higher, 110% LTV)

Super easy to join and very friendly staff: https://www.uoficreditunion.org/loans/auto-loans/

Thanks, but I see the 4.99% is only for 36months or less. Where do you see 72 months?

 

[Haoooc]

I went with the 4.74% for 36 months from USSFCU. They were really easy to work with and very fast. I filled out the application on a Saturday afternoon, got a call a few minutes later to confirm some things, and was approved by mid morning on Monday, certainly recommend them!

Do you already have a saving account with them? I heard I need to open a saving account first which may take 10 days

 

[jf64k]

Thanks, but I see the 4.99% is only for 36months or less. Where do you see 72 months?

Check the footnotes. They definitely have 4.99%.

3. Must have a 110% maximum loan to value, a 2024 or newer vehicle, a maximum term of 75 months, and a 730 or greater credit score to qualify for the 4.99% Annual Percentage Rate (APR) financing.

 

[fishtek]

Do you already have a saving account with them? I heard I need to open a saving account first which may take 10 days

You do have to do a few steps, but I think it only took a day or less for me.
USSFCU outlines the steps on this page: https://www.ussfcu.org/segs.html?cId=14779&title=american-consumer-council-virginia-chapter-vacc
But basically you join the American Consumer Council Virginia Chapter, and use a promo code so it is free. That then allows you to join the USSFCU, from there you just fill out a form to open a savings account and deposit the minimum of $5. To get the really good rate you have to have the loan on autopay, so what I do is setup a scheduled automatic transfer from my regular bank account to the USSFCU savings account a few days before the auto payment for the loan.

 

[tmeyer3]

Navy Federal Credit Union still steady at 4.99% 60 months if you can get in.

This is the route I took. You will need a good score for it, but best I've seen so far.

 

[Haoooc]

Check the footnotes. They definitely have 4.99%.

3. Must have a 110% maximum loan to value, a 2024 or newer vehicle, a maximum term of 75 months, and a 730 or greater credit score to qualify for the 4.99% Annual Percentage Rate (APR) financing.

I asked them and 4.99% is a promotion rate, but looks like I can’t be a member since I don’t live in Illinois and I am not an alumni. Is there some workaround?

 

[jf64k]

I asked them and 4.99% is a promotion rate, but looks like I can’t be a member since I don’t live in Illinois and I am not an alumni. Is there some workaround?

Join the U of Maryland Alumni association. https://alumni.umd.edu/membership

No, you don’t have to be an actual alumnus. Anyone can join the UofM Alumni Association. It’s one of the UofICU affiliated organizations.

• Anyone who lives or works in Champaign, Ford, Piatt, Douglas, Vermilion, Coles, Dewitt, Edgar, Iroquois, McLean, Moultrie, and Sangamon counties, IL
• University of Illinois employees at the Urbana/Champaign, UIC and UIS campuses (part time, full time, temporary employees and retirees)
• University of Illinois at Urbana-Champaign students
• University of Illinois Allied Agencies employees (see list)
• University of Illinois Alumni Association members
• Employees or retirees of the following companies:
  • Illinois Bell Telephone Company
  • American Information Technologies (Ameritech), or its affiliated subsidiaries
  • AT&T Information System (ATTIS)
  • AT&T Communications (ATTCOM)
  • Lucent Technologies
  • AT&T Technologies
  • Carle Hospital
  • Urbana Postal
• Any member of the International Brotherhood of Electrical Workers of Local 601, and any Electrical Contractor or employees of any Electrical Contractor under the jurisdiction of the International Brotherhood of Electrical Workers of Local 601.
• Illinois State Agencies with a regional office located in Champaign/Urbana, including cooperating teachers, principals, and administrators of state schools.
• Federal Agencies with a regional office located in Champaign/Urbana
• University of Illinois Research Park and Employees of tenant companies (see list)
• Family members of current UICCU members, including any immediate relatives by blood, marriage, or foster/adoption.
• University of Maryland Alumni Association Members

 

[kimgu]

Cheapest I found with Credit Unions so far. 08/09/24

https://www.tdfcu.org/loans/rates/lending-rates/

New Vehicle (Auto, Trucks and SUVs)
Up to 80% financing	4.49%	Up to 60 months
	4.75%	61 to 72 months*
	4.99%	73 to 84 months*
Up to 100% financing	4.75%	Up to 60 months
	4.99%	61 to 72 months*
	5.25%	73 to 84 months*

They also have three discounts on the rates
1. Direct Deposit (-.25%)
2. Existing Loan with them (-.25%)
3. $5000 in their Checking (-.25%)

I personally did 20% down, 84 months, 4.49% (discount 1 & 3)

 

[Flonight]

Cheapest I found with Credit Unions so far. 08/09/24

https://www.tdfcu.org/loans/rates/lending-rates/

New Vehicle (Auto, Trucks and SUVs)
Up to 80% financing	4.49%	Up to 60 months
	4.75%	61 to 72 months*
	4.99%	73 to 84 months*
Up to 100% financing	4.75%	Up to 60 months
	4.99%	61 to 72 months*
	5.25%	73 to 84 months*

They also have three discounts on the rates
1. Direct Deposit (-.25%)
2. Existing Loan with them (-.25%)
3. $5000 in their Checking (-.25%)

I personally did 20% down, 84 months, 4.49% (discount 1 & 3)










For anyone who might not qualify for all the discounts or prefers a quicker, simpler process, services like fcloans can be a helpful alternative. They offer fast and transparent loans for vehicles and other needs, making it easy to get approved without jumping through multiple hoops. It’s another option worth considering alongside traditional credit union rates, especially if you want flexibility and speed.

Wow, that actually looks like a really solid deal! The combination of the standard rates plus those discounts can make a huge difference over the life of the loan. Doing 20% down definitely helped bring your rate down too, especially with the 84-month term.


It’s great to see credit unions offering options that can compete with traditional banks, especially with multiple ways to reduce your rate. Thanks for sharing the details—definitely useful for anyone shopping for a new vehicle.

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