Interior federal has some decent rates too:
BCU fine print, thatâs annoying.
The rate listed also assumes an automatic payment method and includes a 1.00% discount for having two of the following relationships: direct deposit of at least $1,000 per month or more into your credit union checking account; at least $25,000 on deposit with the credit union; or a loan in good standing
Shuffling 1k out of paycheck isnât a big deal for a short amount of time assuming your employer lets you split. Hopefully the auto loan could count for the second. If not, drop 25k and take out the loan. Once closed, move it all out. Read the fine print, but banks generally cannot change loan terms after closing. Like a mortgage when you get 25-50bps discount for having 100-250k on deposit. You can wire it out the day after closing. They wonât like it, but they canât stop you.
5 Likes
I think if you get a credit card from them, that also works.
Qualifying loans include mortgage, home equity, auto, and credit card. A qualifying loan must have a current balance and credit cards must have a transaction within the past 30 days.
Ugh. I am a member of more CUs that I can count.
Lots of monthly statements about my $10.07 savings balance for all those accounts.
6 Likes
Also need to buy through them something. âthe rate listed includes an additional .50% APR discount for buying through our Auto Buying Service. To receive this discount, an auto loan must be booked through BCU, and auto purchase must be made at a certified dealer through BCUâs Auto Buying Service purchasing processâ
Consider Vehicle Loan Rates - Clearpath
Quoted new and used/older used auto loan rates are the lowest available and reflect a 0.50% discount for payment made by automatic transfer from your Clearpath FCU account. These lowest rates also reflect a 0.50% discount for a minimum monthly Direct Deposit of $700 or more into your Clearpath FCU checking or savings account.
3 Likes
Yeah at that point Iâll take my .5% higher rate through penned with no effort.
5.09% for 72 months, non car buying service, no requirement for 3 other products.
Iâd tend to agree. A mortgage is one thing, but for an auto loan it would take >100bps for me to dance.
2 Likes
yea, it is an hassle, but If you use $50K loan, youâd pay $2,394 more if you go with 5.09% compared to 3.64% for 72 months.
Asking a leasehackr to hold a car for 6 days, let alone 6 years is exceptionally rare.
5 Likes
Id prob do it for 3.64 but thatâs with the car buying service. Waiting for my custom order to be built, not sure I can finagle the car buying service to work with my dealer.
You just need to go to Truecar service thru the Credit Union link, and find the dealer and the car youâre looking for.. what they say it doesnât have to be the exact same car, but an email you should get from Truecar that shows so called member price. BCU basically wants copy of that email to give additional .5 rate discount.
Interesting, I might try this. Wasnât sure if the dealer had to pay a commission or something that could mess with my deal.
1 Like
I agree, but if you need to finance or refinance, I believe you might already be considering keeping your lease or purchasing a new vehicle. Iâve been working on leasing a Sienna myself, but financing offers additional discounts, which I think would be more beneficial for long-term ownership.
Most of the interest will fall in the first 3 years-and LHâs usually sign 24 or 36 mo leases, but as an example for my Tesla loan $38,893 at 5.69% vs 4.14% is $2010 over a 72 mo loan, first 3 years I could save $1500 roughly 
maybe I should look into it too $2K is a Hawaii Trip for myself haha or maybe even two
Please tell my wife a 2k Hawaii trip exists. Hers usually adds an extra 0.
Jokes aside, thatâs real money, and something may certainly be worth the time to one and not to another. I respect either!
1 Like
Haha, itâs doableâŚbut not for everyone
Departure city, which island, and type of trip obviously make a large difference as well. I couldnât go to Maui..flights, rental, condo, food/drinks, etc for $2k. That doesnât even cover lodging lol. Even dirt cheap airfare, sleeping in a dump with lunch meat sandwichâsâŚ$2k isnât happening.