through a credit union is pretty simple. Let’s walk through the steps together.
Since you already know who you want to work with, you won’t need to shop for as many rate estimates. You may want to do a bit of investigation to make sure your credit union’s rates are competitive, but in general you can trust credit unions not to inflate loan rates.
From there, you can either apply for the loan directly or get preapproval. Preapproval is often recommended because you’ll get to see a dollar amount before you sign on, making it easier to budget ahead.
Once you’re preapproved, you can find a car that fits the loan budget. Test drive multiple cars until you find the one you like. Then, head over to the credit union with this documentation (some of which you may have already provided during preapproval):
Proof of income (e.g., paystubs)
Proof of residency (e.g., utility bill)
Driver’s license and vehicle information
Proof of insurance
If you’re still in the market for a car insurance policy,
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.