Are CUDL car loans a good option?
I've only just learned about CUDL loans for auto financing. Are they worth checking out?
Answer provided by
Answered on Mar 08, 2021
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.
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
Which car insurance companies are known for providing the best customer service?
I was looking up car insurance and I feel like I have a lot of questions and need a lot of help. Which auto insurance companies have the best customer service?
Feb 22, 2021
How much liability coverage do you think I need if I don't have a lot of assets?
Is 25/50/10 enough liability coverage for someone without many assets? Should I increase it?
Apr 29, 2021