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Will my credit union give me a car loan?

I’m looking at a car loan with my credit union to keep all my finances in one place. Is this possible, or will I have to go somewhere else?

avatar
Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Yes, you can! Most credit unions will give you a car loan and are known to offer benefits like better APRs, fewer fees, and lower loan minimums. Since credit unions are not for profit like large banks, they won’t charge you more for your loan to make a profit.
It’s also often easier to qualify for a
loan
through a credit union. Credit unions focus on customer care rather than profit, so they are more flexible with their credit requirements than larger banks tend to be.
Even if your credit union sounds like a good option and is convenient, it’s always a good idea to shop around before settling on a lender. That way, you’ll be sure that you’re getting the best rate available to you.
After finding a lender, you’ll also need insurance for your new vehicle. You can do that and more with the
Jerry
app. Jerry makes it quick and easy to find the best rates available on the insurance coverage you want. Just download the app and answer a few questions to see a comprehensive cross-analysis of the best car insurance policies that work for you and your new vehicle.
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