The Best Finance Rates & Hacks! Submit your CU recommendations!

Sometimes it can be better to finance a car rather than lease it! Some of the reasons this may be true include:

  • Federal EV credit - some lease originators may not pass the full Federal EV credit or state credits. Through financing or balloon loans (another type of financing, you can take advantage of these credits if you have the tax liability)

  • High Lease Money Factor - some lease originators have a very high money factor, higher than what it would cost to lend from another bank! Combined with other factors this may be an incentive to finance

  • The car will hold its value - Sometimes when you are looking at a new car, it will greatly hold its value in comparison to what you paid! Some examples can be Audi RS cars, certain Mercedes AMGs, and so forth! This may not hold true for all vehicles, but some may be worth holding long-term.

Key Points on Finding the Best Place to Finance:

  • Look at different sources of financing! Credit Unions and Community Banks can often offer lower interest rates, especially if you switch to a direct deposit with them.

  • Lending institutions can often offer lower interest rates for alternative energy vehicles (Electric, Hybrids, Hydrogen, etc)

  • Extend your search, in the age of the internet you don’t need to end your search within 50 miles, shop nationwide, you can join a credit union or bank remotely!


This is a beta auto scraping spreadsheet I made while sick with COVID that pulls from a variety of credit unions nationwide. The rates autoupdate, and all necessary requirments are stated or linked. Please PM or link new rates or Banks/Credit Unions so I can add them to the scraper. It will pull that latest rates whenever you open the sheet.


Great idea for a thread when many of us are turning to financing at the moment. Hopefully the community can keep this up to date.


Also pretty solid. Rates & Yields: Affinity Federal Credit Union

New Auto Up to 36 Months 1.89%
Up to 48 Months 2.04%
Up to 60 Months 2.26%
Up to 72 Months 2.61%
Up to 84 Months 2.86%
Up to 96 Months 4.87%
Used Auto Up to 36 Months 2.27%
Up to 48 Months 2.42%
Up to 60 Months 2.51%
Up to 72 Months 2.75%
Up to 84 Months 3.51%

Hopefully this is just the start, I fully hope other LHs join in and add to the tables and edit rates as they come and go!

Great addition. Suggest adding “as of date” for the rates since they change frequently.

Also ok to link to related posts in main (or below)? Eg the EV tax credit thread, credit thread, etc?


I think @z0lt3c shared Allegacy credit union rates yesterday which were lower than some of these listed here. Should add those too.

They give .5% for payroll deduction I’ll include it, but that’s something that some people don’t want to have the hassle of dealing with for a .5% discount.

It’s a payroll deduction or automatic payment from an outside account.
Automatic payment is the better option. I think most of us would suggest autopay anyway.

Also keep in mind rates change frequently…


:saluting_face::saluting_face::saluting_face:putting in the work

No special requirements.


For my Massachusetts brethren -

Sharon Credit Union has great rates


Another strong one. 1.5% 36mths

If anyone has firsthand experience with any of these, that might also be helpful.

In April I closed a 65-month loan for a lease buyout with DCU at 1.49% (rate no longer available).

The APR was the only reason I put up with DCU’s neglect and abuse, which I expected going in. Credit unions as a group are the paragon of incompetence and lethargy.

Hold times on inbound calls at DCU were in the 2- to 4.5-hour range. Secure messages conveying specific information, making specific requests like the exact loan amount needed, and other focused communications got ridiculous responses thanking me for my business and inviting me to call the loan department between the hours of blahblahblahblah" for assistance.

They lost the pages of the BMWFS payoff package that I had to sign, and called me to ask me to resubmit them while I was in line at the airport waiting to be rebooked after a canceled flight.

The guy was very nice and said he’d call me back in 30 minutes. I never heard from anyone again, and the loan closed anyway. Maybe they found the docs. Maybe they didn’t. But I’m done.


For those in Georgia who can qualify, I present 1.38% for 60months at Delta Community


I used for my wife’s Volvo. They provide offers from 4 banks. We ended up with Veridian CU. We actually took a higher rate in exchange for no payment for 90 days since we’re just going to cash in on the equity. I believe the initial offer was sub 2%.


Great topic and thread. Thanks!

yeah dcu is a tremendous pain in the ass.


CEFCU: Loan Rates - CEFCU
Who can join: IL or NorCal Who Can Join


@HersheySweet I’m guessing long flight or long layover, but either way thank you sir…you are a Gentleman and a Scholar.

I just applied to a few because Tesla and Wells Fargo loans rate are as horrible as “Big Scranton” in office.

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1.38% to 13.38%. What do you need to do to qualify for 1.38%? :thinking: