Consumers Credit Union reviews
Consumers Credit Union has a relatively strong standing in the industry. It is accredited by the BBB and holds an A+ rating from the organization.
There aren’t many Consumers Credit Union customer reviews across review sites. However, the positive reviews we found praise the lender’s good customer experience, consistently great rates and low fees.
Customers are also pleased to be part of a member-owned organization instead of a bank. That said, people who reported a negative experience with Consumers Credit Union report technical issues and delays with applications.
Our team reached out to Consumers Credit Union for a comment on these reviews but did not receive a response.
Starting APR : 2.29% for new vehicles, 2.49% for used vehicles Loan amounts : $7,500 purchase minimum ($8,000 in Minnesota) Loan terms : 12 to 75 months Availability : 50 states Minimum credit score : 580
Bank of America is one of the largest banks in the world, so it’s no wonder it offers a wide range of vehicle loan services. The Charlotte, North Carolina-based bank offers competitive rates to borrowers with a range of credit scores, with some of the best auto loan rates for people with less-than-ideal credit.
Rates start at 2.29% erica, which is about average for the industry. Unfortunately, the purchase minimum of $7,500 rules out using the company to finance some budget-friendly used vehicles. With loan terms limited to 12 to 75 months, Bank of America auto loans are slightly less flexible than some of the other providers we reviewed. The company does not have an option to allow you to get preapproved for a loan like some lenders do.
Bank of America reviews
Bank of America is one of the country’s biggest and most established financial institutions. The company holds both an A+ rating and accreditation from the BBB.
Bank of America’s customer review scores tend to be slightly lower. While most of the loan providers we reviewed don’t have great customer scores worldpaydayloans.com/payday-loans-md from the BBB, Bank of America’s 1.1-star rating out of 5.0 from nearly 500 reviews was among the lowest. The company also has a 1.4-star rating out of 5.0 from customers on Trustpilot.
People who give a positive rating to Bank of America often mention helpful customer service and user-friendly online services. Negative reviews consistently mention high fees and frustrations with phone support.
Our team reached out to Bank of America for a comment on these reviews but did not receive a response.
#6 Carvana: Most Seamless All-in-One Process
Starting ounts : $1,000 to $85,000 Loan terms : 0 to 72 months Availability : 48 states (not available in Alaska or Hawaii) Minimum credit score : None
You may know Carvana as an online car shopping portal, but the company now also offers auto financing on vehicles you buy through the site. Carvana’s financing rates are average for the industry, but the ability to buy a car online and finance it at the same time creates a quick, seamless car buying experience that’s hard to find elsewhere.
At 3.9% APR, Carvana has the highest starting interest rates of any of the providers on our list. But when it comes to both loan amounts and loan terms, Carvana is relatively flexible. You can borrow anywhere from $1,000 to $85,000 and choose up to 72 months to pay your loan back.
Carvana could be a great option for people with bad credit history, as the company does not have a minimum credit score. Keep in mind, however, that the best auto loan rates are reserved for those with the highest credit scores.