PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
"Should I join a credit union just to get a car loan? "
"I am about to buy a new car and was planning on getting a loan through my local bank. I have a long history with my bank and I am fairly confident that I could get a good interest rate on a car loan from them.
I keep hearing good things about credit unions, though, and I’m wondering if it would really be worth joining one just to get a better interest rate on a car loan.
"
Johnny Puckett · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“While credit unions generally do have the lowest interest rates on car loans, if you have a good relationship with a small local bank, joining a credit union is probably not going to make much of a difference. You will likely get a good interest rate with the bank.
However, if you do join a credit union, the next time you need a loan, you will already be a member and you will know that you will be getting the best rate possible.
“
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
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.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
