Should I finance through my credit union if they promise to beat the dealer's interest rate by 1.99%?
I was approved at my credit union for a 60-month car loan at 7% due to my lackluster credit history. However, I told them I might finance through the dealer if they can beat the credit union's rate. The rep immediately responded back that the credit union guarantees it will beat any rate by 1.99%. Should I finance through my credit union with this verbal promise?