Hot take: Using a local credit union for a car loan beat my big bank by 2%

I got quotes from both for the same $25k loan. The credit union's rate was 5.9% while the big national bank offered 7.9%, no real difference in terms. Has anyone else found better deals by just looking local?

3 comments

3 Comments

jones.mason2mo ago

Yeah, that tracks... local places usually try harder to keep your business.

the_sandra8d ago

My buddy's car broke down and the local shop didn't even charge him for the diagnostic.

wendyc532mo ago

Exactly, it's the same with small repair shops.