Is USAA or Bank of America better for an auto loan?

"I currently have accounts with both USAA and Bank of America. Now I want to get an auto loan. Which lender should I go with?"

“Both Bank of America and USAA are popular, reputable choices for a car loan. However, looking at only two lenders when you’re getting a car loan can result in you paying too much.
Like you would with car insurance, you need to shop around. The more you research rates and lenders, the lower your rate will eventually be.
You might find that USAA or Bank of America offers the best rates, but you might also find that their rates are much higher compared to the competition. Do your due diligence to find the best rate.”
Eric Schad
Answered on Jul 23, 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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