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Calculate your APR

Here’s a handy tool to help you calculate your approximate loan interest rate:

Loan Amount

Credit Rating

Average Annual Interest Rate	Average Monthly Payment
8.45	$362

USAA auto loans overview

USAA is a reputable banking institution that offers a variety of financial services to its members. However, membership is limited to people in the military and their family members.

Here’s everything you need to know about USAA auto loans:

Starting APR: Competitive
Loan amounts: $5,000 to $150,000
Loan terms: Maximum 84 months (newer models), 72 months (2014–2019 models)
Minimum required credit score: Not published
Application fee: No
Prepayment penalty: No
Prequalification or preapproval: No
How to apply: Online, mobile application

USAA auto loan pros	USAA auto loan cons
Flexible terms: USAA offers a range of loan options, terms, interest rates, and down payment options. Plus, you can buy from private sellers.	Must be a member: You must be eligible for USAA membership to apply for a USAA auto loan.
No hidden fees: With USAA, you know exactly what you’re paying for.	Down payment may be required: Whereas other lenders might extend a loan with zero down payment, USAA may require some money upfront.
Discounts: If you enroll in automatic payments, you’ll get a 0.25% discount (terms apply).	Customer reviews: Some people report a negative experience with USAA’s customer service.
Easy application process: You can apply for a USAA auto loan on your mobile device. The loan offer is good for 45 days	No prequalification ability: USAA does not offer prequalification, which could help you negotiate with dealers.

We also want to highlight that USAA offers specialized disabled vehicle loans. Plus, if you qualify for a refinancing loan, they will allow you to defer payments for 60 days (although interest will accrue).

What kind of auto loans does USAA offer?

Loan types

USAA offers many types of auto loans, including for:

New cars
Used cars from dealers or private sellers
Mobility vehicles
Lease buyouts
Leisure vehicles (boats, motorcycles, RVs)

USAA also offers refinancing for existing loans.

Competitive interest rates

USAA’s interest rates are not published. However, the lowest rates are offered to people with great credit scores, shorter repayment terms, and dealer purchases.

Your interest rate will depend on many factors, including the model of the vehicle, your credit score, the type of loan, purchase price, and whether you sign up for autopay (there’s a discount if you do!).

How much do they cost?

Your overall cost will include the down payment, interest rates, and other fees. While USAA does not publish their interest rates, their range is normal and they do not have any hidden fees.

Who is eligible?

There is no minimum credit score disclosed by USAA to be eligible. However, auto loans are only available to USAA members. USAA membership is limited to current and former U.S. military members, pre-commissioned officers and their spouses, and children of members.

Getting a quote

Application requirements

You will need to gather some key information and documents before submitting an auto loan application with USAA:

Your income before taxes: A W-2 and other financial statements can help
Amount you want to borrow: It’s helpful to browse listings so you know the price range
Your housing information: This means your address and contact information
Current employment information: Proof of income and steady employment are helpful

USAA will also do a hard credit inquiry.

Restrictions

USAA does not appear to restrict the types of vehicles that are eligible for loans. However, they may require you to borrow up to a certain amount depending on the length of the loan term.

Financing amount

USAA offers auto loans starting from $5,000, which is about the same as other lenders’ minimum loan amount. Keep in mind that the overall payment required may be higher than the vehicle’s price tag. You may need to pay for:

Taxes and licensing fees
Loan fees
Dealer fees
Add-ons, such as an extended warranty or gap insurance

Refinancing your USAA auto loan

USAA does offer auto loan refinancing. Refinancing with USAA allows for no payments up to 60 days, although interest will accrue. To apply, you will need to have the following information ready:

Loan annual percentage rate (APR)
Loan account number
Employer and income
10-day payoff amount
Car’s model year and mileage

About 80% of all car financing is arranged through dealerships, which gives dealers a huge advantage. It also means you might be overpaying on your interest rate.

Here are some reasons to consider refinancing:

Your monthly payments are expensive
Your interest rate is high
You have good credit to qualify for better loan terms

Learn more about upside-down car loans here.

What if USAA isn’t the right choice for you?

To be sure you’re getting the absolute best rate on your auto loan, you need to shop around. USAA offers good rates, but you never know what discounts your specific profile could unlock with other lenders

Jerry is the super app that helps you save on all your car-related expenses, including auto loan refinancing. It can help you quickly compare rates and find the best deal.

The best part is that Jerry handles all the hard parts of refinancing, like phone calls and paperwork. You have nothing to lose—except savings you could be leaving on the table.

Hare are average rates from some of the most popular lenders:

Lender	Starting APR	Terms (months)	Loan amount
USAA	2.59%	48–72	$7,500+
Lightstream	2.49%	24–84	$5,000–$100,000
myAutoLoan	2.49%	24–72	$8,000+
Carvana	3.9%	36–72	$1,000–$85,000
Capital One	3.99%	36–72	$4,000–$50,000

FAQs

What credit score do you need to get a USAA auto loan?

USAA does not state a minimum required credit score. However, as a general rule borrowers with higher credit scores tend to be offered the lowest interest rates. A cosigner can help you unlock low rates if your credit history is poor.