Are CUDL car loans a good option?

I've only just learned about CUDL loans for auto financing. Are they worth checking out?

Answer
Yes, they can be a good option. Also known as Credit Union Direct Lending, a CUDL car loan is a type of loan that’s funded by a credit union through a dealership. Because credit unions aren’t focused primarily on profits (they’re actually nonprofit organizations), they can usually offer competitive rates or rates that can beat those of other lenders.
All you need to do is make sure that the dealership you’re buying from has a CUDL pipeline. From there, you can simply get pre-approved and start shopping for the car you want.
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Eric Schad
Answered on Mar 08, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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