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Credit Unions offering 3.75% auto and 4.25% equity

RossMAN

RossMAN

Grand Nagus
Yet another reason why Credit Unions rock.

I recently saw advertisements for two rates which really caught my eye:

  • The Oregonian FCU (website down for me) 3.75% auto loans, 1st year, after that it's 0.50% above prime with a cap of 5.90% ... although our 2002 Honda Accord is used with 4,800 miles it's considered new since it's a 2000+ model
  • Portland Teachers CU 4.25% home equity 80% intro rate

Is your local CU offering any amazing loan deals?
 
Originally posted by: bigsmooth
Well, I'm a member of PTCU. However, I don't own a house so equity loan deals don't do me much good. 😛
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I'm not a member of PTCU but I do belong to two other CU's.

I'll see if they can meet or beat what my employer can offer me when we're ready to buy a home.
 
Originally posted by: RossMAN
Originally posted by: bigsmooth
Well, I'm a member of PTCU. However, I don't own a house so equity loan deals don't do me much good. 😛
Click to expand...

I'm not a member of PTCU but I do belong to two other CU's.

I'll see if they can meet or beat what my employer can offer me when we're ready to buy a home.
Click to expand...
Yeah, they'll let anyone join these days. 😉

I had a chance to join First Tech CU also but I didn't bother as I have been very happy with PTCU.
 
My roommate financed a used Jetta at 5.25% yesterday.

Absolutely insane.

Perhaps I should go join a credit union & buy a car.

😀

Viper GTS
 
Originally posted by: RossMAN
Originally posted by: bigsmooth
What year was the Jetta?
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They should have bought it from the same dealership your friend bought their lemon err Passat from 😀
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Don't get me started... :|
At least they have had no other problems since then. They otherwise like the car.

 
Originally posted by: PricklyPete
I got a fixed 5.25% loan on my '99 Mazda with 30K miles on it. I thought that was pretty good.
Click to expand...

That is a good rate.

What I like about The Oregonian FCU is they don't base their decision largely on credit score like other lenders do.

It's more by KBB, your debt to income ratio (50% or less using net income including the new car payment) and general credit history.

If my wife and I are at 50% or less DSR I think I might apply but I'll probably be declined 🙁
 
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