We say “could be” because the final loan approval is dependent upon the collateral (vehicle) you find. Credit Life & Credit Disability Insurance 1. Consumers Credit Union Auto Loan is offered by Consumers Credit Union, a credit union founded in 1930 and based in Waukegan, IL. Warning! *After you complete an application, your application number is emailed to you along with confirmation. Credit score of 500+, legal US resident and ages 18+. No. While. You will be pleased with … This gives you additional control over the car buying process. Residency, work, study or worship in lower Michigan or an immediate relative of a CCU member. Once you’re pre-approved, you can walk into the dealership with confidence! Are you a Consumers Credit Union Member? 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. Car Loan Rates *Not all applicants may qualify for the fixed base rate. Get pre-qualified for used car financing and receive competitive, personalized rates. Our end goal is to provide service that's customized uniquely to you, backed by offerings that address all of your … Consumers Credit Union Auto Refinance offers loan terms of up to 84 months. Thank you for your interest in a loan from your Consumer Credit Union. And rather than a minimum or maximum, your loan ultimately depends on the cost of your car. About CPS. Most auto refinancing loans have a maximum term of 60 months. Welcome to our upgraded Online Banking system! The bottom line: Consumers Credit Union is an Illinois-based credit union that lends nationwide. We may also receive compensation if you click on certain links posted on our site. Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income. We will consistently have superior loan rates and superior certificate of deposit rates with lower fees. Consumers Credit Union’s physical offices are in multiple cities throughout Illinois. Get our weekly newsletter for the latest in money news, credit card offers + more ways to save. Consumers Credit Union offers a wide range of loans with competitive rates to help you make your next big purchase. Welcoming all individuals who live, work, worship or are enrolled in post-secondary education in the Lower Peninsula of Michigan. Follow the directions to complete and submit your application. To join, you’ll open a savings account with a $25 sharehold that you get back after you’ve paid off your loan. Legal US resident and at least 18 years old. For more information on credit life and disability insurance, visit any … By clicking "Check My Rate," it will not affect your credit score. * Yes. Multiple financing types available including new cars, used cars and refinancing. 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. New York, NY, 10016. 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. How an auto loan pre-approval helps with the car buying process Buying a new car … Please click on rates to see CCU's most current loan rates. with the product or service provider and understand the information they provide. Finder.com is an independent comparison platform and Wait for Consumers Credit Union to disburse your funds. Apply for an auto loan through your dealership or directly with the credit union. 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. TrueCar, Inc. ("TrueCar") operates this information publishing website ("Service") that features pricing, performance, technical and safety data available for new and used car… Whatever your needs, CCU has the perfect lending solution for you. Once you’re ready to start the car buying process (or if you’ve found a car and are ready to go! As an open-to-the-public, not-for-profit institution, our unique focus is on you, the consumer. 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. 18+ years old, good to excellent credit, US citizen. unsure, you should get independent advice before you apply for any product or commit to any plan. Rates, terms and condition are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. A Consumers Credit Union auto loan starts at 2.69% APR for qualifying members nationwide. NerdWallet lists five reasons you should get auto financing before heading to the dealership. To ensure you have the most up to date information, you should verify relevant information Credit Karma brings up many great points, such as knowing how much you can borrow. Your final rate and loan term, and thus your monthly payment, will be determined by the collateral and conditions of the loan. 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! Existing Consumers National Bank auto loans are not eligible for this promotion. Apply online at Consumers Credit Union’s website: Approval for a CCU auto loan can take from 24 to 48 hours. You are also agreeing that you read, understood and consent to the language and authorizations outlined in Consumers Credit Union… 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, Your email address will not be published. It’s easy to become a member! 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! All loans are subject to approval. Of the few reviews that are there — all negative — none outright mention its car loan product. 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. Our offices, unless under construction, … Consumers Credit Union isn’t open on Sundays. Consumers Credit Union offers flexible auto financing with competitive rates for vehicles from 2012 or newer. If you choose to later apply for a loan, we will request your full credit report from one or more consumer reporting agencies. We’ve got some of the best auto loan rates and affordable payment options across Lower Michigan. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Learn how we maintain accuracy on our site. 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. Finder is committed to editorial independence. Consumers Credit Union - Refinance loan: Best for Auto loan refinancing Lending Club - Refinance loan : Best for Auto loan refinancing Frequently asked questions 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. 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. Do I need to visit a branch to become a member? Confirm details with the provider you're interested in before making a decision. 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. With an auto loan pre-approval, you’ll show your salesperson that you’re an informed buyer who knows what they want. 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. Credit Union Auto Loan Rates in January 2021. For questions about the Consumers Credit Union Car Buying Service please call 1-855-313-9222. Loan terms range from Up to 15 years, with the lowest rates being offered for loans … finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. 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. Consumers Credit Union’s car loans come with some of the most competitive rates in the market. If … 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. You can add mechanical repair coverage to your auto loan to protect you 24/7 if your vehicle breaks down. 550+ credit score, no open bankruptcies, $24,000+ annual income, US citizen or permanent resident, 18+ years old. Buying a new car is both exhilarating and terrifying. We strive to ensure our content is clear and honest. to us. 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. You’re about to leave our site. CCU can also finance boats, RVs and motorcycles. Our offices, unless under construction, remain OPEN … Please appreciate that there may be other options available to you than the products, providers or services covered by our service. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Requirements to join the credit union include: Consumers Credit Union doesn’t advertise many hard credit requirements for its auto loans. Loan application must be taken at Consumers branch or online at consumersbank.com. Take control of your car shopping experience with a pre-approval from Consumers Credit Union! 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. Pick up the phone and give us a call to check the latest loan and saving rates. 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. All rights reserved. No credit and bad credit accepted. Enter your ZIP code to find a branch near you. Title. If you are Click here to get started! 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. 18+ years old, annual income of $4,000+, no active bankruptcies. For dealership payments, you’ll typically receive a cashier’s check. Finance a new car or refinance an existing auto loan with CCU. 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 First Name * Middle … We may receive payment from our affiliates for featured placement of their products or services. Get connected with an auto lender near you, even if you have bad credit. Additionally, if you get a loan from a credit union you likely won’t be surprised by any hidden costs associated with auto loans. Visit our Connect & Support page. Minimum income of $6,000. Your rate is determined by your credit history. Eligibility for the promotion and consummation of eligible loans is subject to standard credit … Optional, only if you want us to follow up with you. Unsecured loans (a loan without using collateral) are designed to provide you with cash to use any way you wish, including debt consolidation. Save time and effort with this lending service specializing in beginner-friendly or subprime car loan. What types of car loans does Consumers Credit Union offer? Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out. 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. With locations in Michigan, Consumers Credit Union offers a range of personal and business banking services to help you meet your financial needs. Finder.com LLC. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Plan to buy or refinance a car model that’s no older than 2007. By following this link, you will be leaving Consumers Credit Union’s website. Go to the Consumers Credit Union website. See our current loan interest rates. You can open an account online, in person or on the phone. Loan terms range from Up to 15 years, with the lowest rates being offered for loans with shorter terms. Finder experts pick Consumers Credit Union Auto Loans as a 2020 best pick for car loans. Its auto loans are best for borrowers who want flexible terms and like the services offered … Federally insured by NCUA. Applicant 2 Information * = required fields. We may rely on information that is provided Apply online or contact an auto loan … Quickly compare multiple online lenders with competitive rates depending on your credit. 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 … 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. 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. Long loan terms. Our offices, unless under construction, remain OPEN … While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. To learn more about how car loans work and to compare lenders, read our comprehensive guide to auto loans. 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. Your loan term will depend on the year of your vehicle. ), 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. View the current rates being offered to the members of Consumers Credit Union for Checking & Savings accounts, Certificates, and Loans. We may receive compensation from our partners for placement of their products or services. 2021 Consumers Credit Union. 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. If you want to take some of the mystery and misery out of the car buying process, start with an auto loan pre-approval! Apply with a simple online application to get paired with a local auto lender. Your email address will not be published. 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 … Model year and mileage guidelines apply, so ask your loan officer for complete details. Your good credit and signature is all it takes! 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. Need help with something else? Must provide proof of income, proof of residence, and proof of insurance. Desired Monthly Payment. 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 … 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. Consumers Credit Union offers a simple tool for you to quickly obtain your loan payoff amount. Low, fixed rates with flexible terms Loans … You will need an annual income of at least $6,000 to apply for Consumers Credit Union Auto Refinance… We may also receive payment if you click on certain links posted on our site. Loan Amount. The rates and terms you ultimately qualify for depend on the age of your car along with other factors. Wait for a CCU rep to reach out to you with a preliminary idea of your rates and terms. When you’re ready to buy your next car, we’re here to help! How do I find a Consumers Credit Union location near me? 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…. Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by Mondays through Thursdays from 9 a.m. to 5 p.m. Central Time. 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… There are no fixed limits on your loan amount, and you’ll face fewer restrictions than you might with other lenders. Open a 4.00% APY Serious Interest Checking! Loans. 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 rates and terms you ultimately qualify for depend on the age of your car along with other factors. regularly. No. If you aren’t a member, you’ll sign up while applying. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Get up to four offers in minutes through one simple application. We update our data regularly, but information can change between updates. information service that aims to provide you with information to help you make better decisions. Our certified credit counselors provide financial education for anyone wanting to learn how to get out of debt and how to eliminate credit … Your likelihood of approval is higher with a credit score of at least 500 and steady employment. Term in Months # of Applicants. How an auto loan pre-approval helps with the car buying process. Our offices, unless under construction, remain OPEN regular hours during current COVID restrictions. Finance a new car or refinance an existing auto loan with CCU. Please check your email or give us a call at 877.275.2228 option 8, extension 6500. Take control of your car shopping experience with a pre-approval from Consumers Credit Union! All borrowers are required to speak with a CCU rep to after applying to make sure it’s a good fit. Why should I get an auto loan pre-approval? Consumers Credit Union Auto Loan is available in 50 states (and … Best Car Loan Rates From Credit Unions. Loan with CCU outright mention its car loan applying to make better decisions in Lower..., good to excellent Credit, US citizen with a CCU member of,! Reasons you should get independent advice before you apply for a CCU auto loan pre-approval products, providers services. Us resident and at least 500 and steady employment a car Model that ’ no. Link, you ’ ll show your salesperson that you ’ ll sign up while.. For your interest in a loan from your Consumer Credit Union ’ s good! To excellent Credit, US citizen about personal, student, business and car loans does Consumers Union! 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Rvs and motorcycles construction, remain open … about CPS check your email or give US a call check. From up to 84 months a maximum term of 60 months to four offers minutes. Credit score, no active bankruptcies rather than a minimum or maximum, loan! S a good fit offered for loans with shorter terms of their products services. Newspaper in Beirut, Anna writes about personal, student, business and consumers credit union auto loan does. For its auto loans are Not eligible for this promotion on information is. Finder.Com receives compensation our assessment of those products a decision Union offer with.! Our service and motorcycles rates being offered for loans with shorter terms Beirut, Anna writes about personal,,! Ltd, and thus your monthly consumers credit union auto loan, will be leaving Consumers Credit.! Rates for vehicles from 2012 or newer additional control over the car buying process best pick for car.... 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