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What do you mean by eco-friendly auto loans? Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make better financial choices by providing you with financial calculators and interactive tools that provide objective and original content. This allows you to conduct your own research and compare information for free to help you make sound financial decisions. Bankrate has agreements with issuers such as, but not restricted to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The offers that appear on this website are provided by companies that compensate us. This compensation may impact how and when products are featured on this website, for example for instance, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage or home equity, and also other products for home loans. But this compensation does affect the information we provide, or the reviews appear on this website. We do not contain the universe of companies or financial offers that may be open to you.

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4 min read. Published 26 October 2022

Authored by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers to navigate the ways and pitfalls of borrowing money to purchase a car.

Edited by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since late 2021. They are committed to helping readers gain the confidence to control their finances through providing concise, well-researched, and clear information that dissects complex topics into manageable bites.

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At Bankrate we aim to help you make better financial choices. While we are committed to strict ethical standards ,

this post may contain some references to products offered by our partners. Here's an explanation for how we make money .

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In 1976, Bankrate was founded. Bankrate has a long track experience of helping customers make smart financial choices.

We've earned this name for more than 40 years by demystifying the financial decision-making

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You can rest assured that we're putting your interests first. Our content is created by and edited by ,

We make sure that everything we publish ensures that everything we publish is accurate, objective and trustworthy. The loans reporter and editor are focused on the things that consumers care about most -- the different types of lending options and the most competitive rates, the most reliable lenders, ways to pay off debt , and more -- so you'll be able to feel secure when investing your money.

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Bankrate has a strict policy , so you can trust that we're putting your interests first. Our award-winning editors, reporters and editors create honest and accurate information to help you make the right financial choices. Key Principles We value your trust. Our aim is to offer readers reliable and honest information, and we have established editorial standards to ensure that happens. Our editors and reporters rigorously check the accuracy of editorial content to ensure that the information you're reading is correct. We keep a barrier with our advertising partners and the editorial team. Our editorial team doesn't receive any direct payment from our advertisers. Editorial Independence Bankrate's editorial team writes on behalf of YOU - the reader. Our goal is to provide you the best advice that will help you make smart personal finance decisions. We follow rigorous guidelines that ensure our content isn't in any way influenced by advertising. Our editorial team receives no direct compensation from advertisers, and all of our content is fact-checked to ensure accuracy. So, whether you're reading an article or a review, you can be sure that you're receiving reliable and reliable information.

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You have money questions. Bankrate can help. Our experts have helped you understand your finances for more than four decades. We are constantly striving to provide our readers with the professional guidance and the tools necessary to succeed throughout life's financial journey. Bankrate follows a strict policy, which means you can be confident that our information is trustworthy and precise. Our award-winning editors and reporters create honest and accurate content that will help you make the best financial decisions. Our content produced by our editorial staff is objective, factual and uninfluenced by our advertisers. We're open regarding how we're in a position to provide quality information, competitive rates and helpful tools to our customers by describing how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated for placement of sponsored products andservices or by you clicking on specific links on our website. This compensation could influence the manner, place and in what order products are listed, except where prohibited by law for our mortgage, home equity and other products for home loans. Other factors, like our own website rules and whether a product is available in the area you reside in or is within your own personal credit score can also impact how and when products appear on this website. Although we try to offer a wide range offers, Bankrate does not include specific information on every credit or financial product or service.

(image: https://i.pinimg.com/originals/37/4a/0f/374a0f6fe8c9073f2a0f7bc7796658b5.jpg)In the early part of August 2021, the president Biden issued an executive order which stated that half of new cars that are sold within the U.S. should be electric by 2030 . Therefore, now might be the perfect time to get behind the car of a green one. If you are , you may be able to save money through an eco-friendly auto loan. The green car loan is a loan option for those who purchase zero- or low-emission vehicles. They usually come with other perks. What are green auto loans? Green car loan could be utilized to buy eco-friendly vehicles or those that emit less emissions. These cars that are fuel efficient typically fall under the category of hybrids or electric and can be purchased by a wide range of manufacturers that range from Ford to Nissan and even Tesla. Green auto loans encourage consumers to look into these environmentally friendly vehicles by providing interest rate reductions along with other advantages. These loans could make green cars more affordable for borrowers. For example, Chevrolet offers a 3.49% APR for 60-month loans for the purchase of their Bolt EV. Similarly, Ford offers a 3.9 percent APR on loans that extend up to 72 months on its Mustang Mach-E. These rates are much less than the current average rates of interest on new auto loans that ranged between 5.4% and 5.28% as of September 20, 2022. But you'll have to meet other credit and credit criteria in order to qualify for these deals. What qualifies as a green car? A green car is a vehicle that uses alternative fuel or electricity instead of gasoline or diesel and is therefore better in terms of environmental impact. They have advantages like less emission of carbon dioxide, less maintenance, less stops for fuel and more quiet engines. A study from an study by the International Council on Clean Transportation showed that electric vehicles have the lowest greenhouse gas emissions among all car types. The study found that the lifetime emissions of an average medium-sized electric vehicle range from 60 percent to 68% less than in the United States. The best green vehicles have the designation of an award by the U.S. Environmental Protection Agency to the vehicles with the lowest emissions for each model year. Many lenders use this classification to determine if your vehicle qualifies for a money-saving eco-friendly auto loan. But, they have a higher initial cost than conventional automobiles. So, many states encourage drivers to purchase these vehicles by . According to Kelley Blue Book, the average price of an electric vehicle in the United States in September 2022. But not all electric vehicles cost that much, and some luxury models cost far more. As an example, base price for a 2022 Nissan Leaf is $27,400, however, in 2022, the Tesla Model 3 starts at $48,490. Spending well over $100,000 on an electric vehicle is possible. It is possible to spend more than $100,000 on the Tesla Dual Motor Model X starts at a steep $120,990. Despite the often higher prices, are growing faster than all other types of cars as per . What are the ways that these green loans differ from traditional auto loans? Green auto loan is similar to a conventional car loan you'll be able to get an auto lender and receive an interest rate that is based on your credit rating, pick a repayment time frame and make regular payments that pay interest for the loan period. However, the terms of both loans may be slightly different. Green auto loans generally have lower interest rates than conventional ones or through lower interest rates on base or discount rates. Because green vehicles can be expensive, many lenders offer longer term repayments than traditional auto loans to reduce the monthly payment. One of the main factors that distinguish the green car loans is where they're available. Unlike typical auto loans available to obtain from banks or online lenders, it's more likely to get a eco-friendly auto loan through an . The University of Hawaii Federal Credit Union as well as Verity Credit Union, the Vermont State Employees Credit Union and Verity Credit Union all offer green auto loans. Additionally, certain dealerships may also offer green loans from the manufacturer. For instance, Ford offers financing for Mach-E models through local dealerships. In the same way, Chevrolet offers financing for its Bolt models through dealers. Why is green auto loans vital in 2022? A greener approach to auto loans and vehicles started in the early to mid-2000s, and they're not slowing down. The high cost of gas could help to fuel demand, with the cost per gallon averaging around $3.77 in the last week of October. According to Kelley Blue Book, Americans electric vehicles will be more popular in the third quarter of 2022 than during the same period in 2021. Many car manufacturers have committed to support the federal initiative and driving greener vehicle purchases. Ford, General Motors and Stellantis (which is the owner of Chrysler as well as Fiat) have all pledged to boost electric vehicle production. The next steps and how to apply for a green auto loan Before applying for a green , ensure your finances are in best shape possible. Make an effort to improve your financial situationlenders will look at their credit scores, your income, and other factors to determine whether you qualify for the loan and what rates they will offer. You can then look around for a new green car loan. A quick comparison of a few rates before applying for a loan will help you find the most competitive rate. Look through these resources to help you get started the process: PlugStar is an especially useful source for car buyers earlier in the process. Once you've entered your zip code as well as the desired model and make You'll be able to see estimates of cost as well as incentives available, and details on local dealerships, and the footprint of the car's carbon footprint. EV Life: EV Life's lets you get prequalified by a variety of lenders, and automatically qualify you for incentives and rebates by putting those savings in advance to your monthly payments. Credit unions local credit unions are the best places to begin your search for green auto loan. Credit unions such as JetStream Federal Credit Union, Suncoast Credit Union and MyPoint Credit Union offer interest rates discount on auto loans for green cars. Ask at your nearby credit union for details on available options when shopping in the market for an auto loan. The end result of purchasing green vehicles can pay off in a few ways. It can help reduce your carbon footprint and take advantage of tax incentives and reduce fuel costs. Before deciding to apply for a green car loan look into at least three lenders and ask about their eligibility requirements including incentives, discounts and incentives. Get preapproved so you can evaluate interest rates, fees and monthly payments throughout the duration of your loan. Doing some research can lead to an auto loan discount that saves you thousands or hundreds of dollars.

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Writen by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the details of taking out loans to purchase the car they want.

The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are dedicated to helping their readers gain the confidence to take control of their finances through providing precise, well-researched and well-documented information that break down complex topics into manageable bites.

Auto loans editor

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How much will it cost to paint an automobile? Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make better financial decisions by providing you with interactive tools and financial calculators as well as publishing authentic and objective content, by enabling you to conduct research and compare data for free to help you make informed financial decisions. Bankrate has agreements with issuers such as, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make Money The offers that appear on this site come from companies who pay us. This compensation may impact how and when products are featured on the site, such as, for example, the order in which they appear in the listing categories, except where prohibited by law. Our loan products, such as mortgages and home equity, and other products for home loans. However, this compensation will affect the content we publish or the reviews you see on this site. We do not contain the vast array of companies or financial deals that may be open to you.

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5 minutes read. published November 15, 2022.

Writen by Mary Blowers Written by Insurance Contributor

Mary Blowers is a former contributor to Bankrate and is a freelance writer who specializes in travel, education, and money management. Mary is featured on sites like Top Management Degrees, Safety.com, Reviews.com, Million Mile Secrets as well as My Move.

The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate from late 2021. They are dedicated to helping their readers gain the confidence to manage their finances by providing precise, well-researched and well-researched content that breaks down otherwise complex topics into manageable bites.

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At Bankrate we are committed to helping you make better financial choices. We adhere to the highest standards of journalistic integrity ,

this post may contain some references to products offered by our partners. Here's an explanation for how we earn our money .

The Bankrate promise

Established in 1976, Bankrate has a proven track experience of helping customers make smart financial choices.

We've earned this name for more than four decades through simplifying the process of financial decision-making

process, and giving people confidence in the decisions they will do next. process that is strictly followed by Bankrate.

So you can be sure that we're putting your interests first. All of our content was written by and edited by ,

We make sure that everything we publish ensures that everything we publish is accurate, objective and trustworthy. Our loans reporters and editors focus on the areas that consumers are concerned about most -- the different kinds of lending options as well as the best rates, the most reliable lenders, how to pay off debt and much more. So you can feel confident when investing your money.

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Bankrate has a strict policy standard of conduct, which means you can be confident that we put your interests first. Our award-winning editors and journalists create honest and accurate information to assist you in making the right financial decisions. Our main principles are that we value your trust. Our goal is to provide readers with reliable and honest information. We have standards for editorial content in place to ensure this happens. Our reporters and editors thoroughly fact-check editorial content to ensure the information you're reading is accurate. We keep a barrier between advertisers as well as our editorial staff. Our editorial team doesn't receive compensation directly through our sponsors. Editorial Independence Bankrate's editorial team writes on behalf of YOU the reader. Our aim is to offer you the best advice to assist you in making smart financial choices for your own personal financial situation. We follow strict guidelines to ensure that our editorial content isn't in any way influenced by advertising. Our editorial team receives no direct compensation from advertisers, and all content is fact-checked to ensure accuracy. Therefore, whether you're reading an article or a review, you can be sure that you're receiving reliable and dependable information.

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There are money-related questions. Bankrate has the answers. Our experts have helped you understand your money for over four years. We continually strive to provide consumers with the expert advice and tools needed to make it through life's financial journey. Bankrate adheres to strict standards standard of conduct, so you can rest assured that our information is trustworthy and reliable. Our award-winning editors and journalists provide honest and trustworthy content that will help you make the right financial choices. The content created by our editorial team is factual, objective and uninfluenced from our advertising. We're open about the ways we're able to bring quality content, competitive rates, and useful tools for our customers by describing how we earn money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for the placement of sponsored products and, services, or through you clicking certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear in listing categories in the event that they are not permitted by law for our loan products, such as mortgages and home equity and other products for home loans. Other elements, like our own proprietary website rules and whether a product is available in your region or within your self-selected credit score range could also affect the manner in which products are featured on this website. While we strive to provide the most diverse selection of products, Bankrate does not include information about every credit or financial product or service.

Maybe your taste has changed, your paint been damaged or chipped, or you require an overhaul of your vehicle. Whatever the reason, painting your vehicle is a costly task. However, the cost could be a smart investment. A new coat of paint make your vehicle look good, but it shields your vehicle from corrosive damage. Before you embark on repainting make sure you know the process. How much does it cost to paint your car?

Painting your car can range from hundreds of dollars to the amount of $20,000 or more. The price you pay depends on factors such as size of the vehicle, paint type, and the shop you choose to visit.

Factors that impact cost with most vehicle add-ons, there are many elements that affect the final cost of painting your vehicle. Here are the primary ones to keep in mind. Size: The size and type of vehicle you drive will significantly impact the price to paint it. Paint the body of a huge SUV will cost more than painting smaller-sized coupe. Paint color: Not every paint is created equal; the color and quality of the paint will vary in cost. Painting your car a basic color such as white or black will be cheaper than a less common color. Type of paint: The price for one coat of synthetic enamel paint can be anything from $300 to $700 for a sedan of average size according to . Paint of high-end quality, on the other hand, may cost as much as a thousand dollars. Paint finish: The paint finish refers to the amount of shine the paint exhibits. It is based on the style you want the prices will differ for matte, gloss or semi-gloss finishes. Paint finish costs may also comprise the application of a coat wax or seal your car's paint job. The price for a standard wax can range from $100 to $200. A specific ceramic coating is more expensive. The quality of the body shop: Through research you may come across very cheap paint jobs, but beware: price and the quality are inextricably linked when it comes to getting your car painted. If you go with the cheapest body shop, the work quality is not likely to include the same level of care and attention. Should you get an expert car paint job or make it yourself? When deciding between professional or DIY painting, think about the reason for paintingDo you need a quick cosmetic fix before selling your car or working on a restoration passion project? A DIY paint fix may bring some value to a damaged car, but it won't ultimately improve it. While it's possible to paint your car yourself however, it takes the patience, skills and a variety of paints and tools you may need to purchase specifically for the job. The results of your paint job might not be the professional-grade vehicle appearance you're looking for. Do-it-yourself paint jobs are best suitable for older cars or all-terrain vehicles that frequently pick up knocks and scratches. If you're looking to restore a family vehicle or collectible vehicle to its original appearance, it's usually a better option to hire professional services from an auto repair facility, where experts use up to evenly coats of paint for an extremely glossy, long-lasting finish. Professional auto painting can cost a lot of money. auto body shops provide a variety of services to meet the needs of customers of different budgets and requirements. The most common types of paint services are: Basic: The most affordable paint job requires as few coats as possible with the use of synthetic enamel paint. In the case of a basic job painters aren't likely to apply paint on areas that aren't normally visible, such as the inside part of the grille. The basic cost ranges from $300 to $1,000. Standard: The cost of a standard painting job typically involves sanding the body as well as taking off rust prior to painting in order to get an attractive look. Costs for standard paint range from $1000 to $4,500. Quality showroom: This procedure involves sanding the bodywork to the bare metal taking away all rust and dents and then applying up to 24 coats with high-quality paint. The entire process could take up to a month and the showroom-quality costs could range from $5,000 to as much as $20,000 in some cases. Auto painting DIY costs For older vehicles, the price of professional painting may be excessive. In these instances it is possible to attempt painting your vehicle yourself. The materials you need are readily available at hardware and automotive stores at a cost of as low as $200. Other costs are time and effort. The required materials and tools include: Gloss paint. Primer. Foam brushes. Paint tray. Masking tape. Sandpaper. Mineral spirits for cleaning. One of the main concerns when it comes to a DIY undertaking is finding the right place to paint your vehicle. Many professional painting and body establishments have air-conditioned booths to limit dust and dirt that could get into the paint, causing damage to the finish. If you are planning the DIY project, the best option is to paint your vehicle in a dry, well-ventilated garage. Tips to paint your car yourself There are several steps to consider when painting your own car. Work downward. Begin by painting the highest areas such as the roof, the top of the hood, and the tops of the doors before working your way down the vehicle. Use consistent pressure. You will need to use consistent pressure while applying paint using your foam brush. Don't use excessive amount of paint. Applying too much paint at once can cause drips and runs in the final. Aim for even coats taking into consideration that you'll need to do several passes. Be patient. It is likely that you will need to apply multiple coats of paint to achieve an attractive finish, however, you must set aside minimum six hours between coats. If you find these steps to be difficult but you have a small budget, consider a basic paint job done by a professional. Think about quality as opposed to. price before painting your car. Everybody would like to get a low-cost service, so when you are contacting auto body shops to request estimates for your auto painting project, it's tempting to choose the cheapest cost offer. However, you will get what you pay for. The low-cost quotes could be due to poor quality paint or poor quality materials. Instead of removing trim, the painters may just mask it off and they could choose not to paint places that aren't obvious. Paint jobs that aren't worth the money may use poor tape-making techniques, which will result in overspray on your windows or fixtures made of rubber. The price may not cover certain services that the auto painters charge as an extra charge, meaning they might choose to paint over issues like dents or rust rather than taking the measures to fix the issues first. Before you sign up for a service, ask the painters which steps and the details they will provide. Check if sanding and preparing the bodywork are included in the cost . Also, ask them to review the previous work of theirs to ensure that you are satisfied with the quality. The bottom line When shopping for a company to get your car painted, remember many factors will affect the cost you're charged, including the color paint you select, the finish and the high-quality of paint. The size of your vehicle will also play a role in the price. Although you may be tempted to go for the cheapest price, remember the final look of the paint job may be affected. It's possible that you'll end up with paint that lasts less long, or important details could be missed or ignored. Take the time to carefully examine the contents before you make the final choice. Learn more

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Written by Insurance Contributor

Mary Blowers is a former contributor to Bankrate and is a freelance writer who specializes in travel, education, and money management. Mary is published on sites such as Top Management Degrees, Safety.com, Reviews.com, Million Mile Secrets as well as My Move.

The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been writing and editing for Bankrate from late 2021. They are passionate about helping readers gain confidence to manage their finances through providing concise, well-researched, and clear information that breaks down complex topics into manageable bites.

Auto loans editor

Related Articles Home Ownership 3 min read April 07, 2022

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Home Ownership 5 minutes read Feb 23 2022

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Consumers Credit Union

Consumers Credit Union: 2023 auto loan review published 2023-01-01 at 00:00:00

Written by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers to navigate the ways and pitfalls of using loans to buy an automobile.

The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since late 2021. They are committed to helping readers gain confidence to manage their finances by providing concise, well-researched, and clear information that breaks down otherwise complex subjects into bite-sized pieces.

Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make better financial choices by providing you with interactive tools and financial calculators as well as publishing original and objective content. This allows users to conduct research and analyze data for no cost to help you make financial decisions with confidence. Bankrate has partnerships with issuers such as, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Make money The products that appear on this site come from companies who pay us. This compensation could affect how and where products are displayed on the site, such as such things as the order in which they may appear within the listing categories in the event that they are not permitted by law for our mortgage or home equity products, as well as other home loan products. This compensation, however, does affect the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial deals that could be available to you.

About our reviews Editorial disclosure The reviews are written by staff. Opinions expressed therein are solely those of the reviewer , and are not reviewed or approved by any advertiser. The information that is included, including rates and fees provided in the review are accurate as of the date that the review was written. Look over the information on the right, and the lender's website for the most recent information.

At a glance 4.1 Rating: 4.1 stars out of 5

Score of the Bankrate

Availability Rating: 4.5 stars out of 5

The Affordability Score: 3.8 stars out of five

Customers' Experience Score: 4.2 5 stars from 5

Transparency Rating 4 stars out of 5

Find out about auto loan rates

Information about Consumers Credit Union Loan amount not specified

Min. credit score not specified

APR that starts at 5.24%

Funds available in Unspecified

Pros and pros and Consumers Credit Union auto loans Before signing off on an application, consider the benefits and drawbacks associated with a Consumers Credit Union auto loan.

PROS In-person availability

TrueCar purchasing service

Preapproval available

CONS Undisclosed loan amounts

The requirement for membership

Consumers Credit Union (CCU) is a member-owned credit union that offers new, used or auto refinance loans. While you must be an existing member, you can be accepted for just a $5 cost and a deposit of another $5 or more into one of its bank accounts. CCU has many brick-and-mortar establishments throughout the United States, along and an application online procedure where drivers can both search for and finance a automobile.

Do you qualify? CCU does not disclose any particular conditions. However, the highest rates are typically offered to those with a good credit score, since credit score is the primary measure for approval with CCU. What we like and dislike. Although certain loan specifics are not disclosed, CCU does offer many discounts and benefits to loan holders. We appreciate the availability in person. CCU has numerous branches throughout the United States. TrueCar buying service. The partnership with the car-buying service lets to save money. Plus, you can find the perfect ride and secure financing all in one place. Preapproved financing. Drivers can use the online tool for preapproval to verify the amount of financing without affecting the credit score of their clients. What we don't like Undisclosed loan amounts. CCU doesn't disclose loan amounts for new, used as well as refinance loans. Membership requirements. You must be an existing member of CCU in order to get an auto loan approval. Contact details Consumers Credit Union CCU offers assistance to its customers from Monday through Friday between 8 a.m. to 6 p.m. CT and on Saturdays from 8 a.m. to two p.m. CT. In addition to assistance available via the phone, any questions are answered through secure messaging via the website.

Auto loan types offered Consumers Credit Union offers auto loans for new and used automobiles, as well as the option of refinancing your auto. New and used purchase loan

The loan quick facts are include: 36 to 84 months APR: Starting at 4.94%

The financing of a used or new vehicle with CCU does not require a minimum amount and can be completed on the internet or in person. If you decide to use the services for buying a car, you could enjoy additional savings. Prequalification is possible even if you choose not to use the car-buying service.

Refinance

Loan quick facts Terms range from 36 to 84 month APR: From 4.94%

Refinancing is an excellent method to reduce your monthly installments and walk away with a better loan. It is also possible to select an earlier loan duration than the one you currently have to pay your outstanding balance faster. The specifics of refinancing can be found by calling the loan professional with CCU. How to apply for an loan through Consumers Credit Union The loan application process can be accomplished entirely online, either at any of the CCU branches or by phone. The process is a simple five steps.

How to apply Submit the application. You can fill out the application via the internet or over the phone. You will need to provide your SSN and basic contact details. This process does not involve an actual credit check. After approval, you will undergo an entire credit report. Discuss details. You will be contacted by an CCU agent who'll provide rates and conditions. Shop for your vehicle. Now is the time to begin your shopping with an idea of your expected monthly payments. The most competitive rates are available to drivers that utilize this Consumers Car Buying Service. If you're looking to refinance, you'll have to give details about the current loan. Complete documentation. Once you've decided to purchase a car, you will forward the purchase contract to CCU via email or fax. Then you must sign off on the documents either online or in a CCU branch. Funds are then transferred to the dealership. Then, CCU will send the loan check directly to the dealer or you can collect it yourself.

Required application information The name Social Security Number and birth date Address Email address, as well as phone number Employment information Information on income

Consumers Credit Union FAQs

Does Consumer Credit Union offer a rate discount if you enroll in autopay? Yes. Auto loan applicants get an 0.25 percent rate reduction in order to help make the auto loan less expensive.

Are there any guarantees that Consumer Credit Union offer extended warranties as well as guaranteed assets protection (GAP)? Consumer Credit Union does not provide extended warranties. However, it is in partnership with ForeverCar to offer affordable mechanical repair insurance for borrowers. However, borrowers can purchase GAP insurance directly from Credit Union at moment of purchase.

How Bankrate Rates Consumers Credit Union

Overall score

4.1

The availability

4.5

Although loan amounts are not disclosed, CCU offers three auto loan products across every state in the 50 states.

Affordability

3.8

CCU employs traditional acceptance criteria. It has a middle-of-the-road minimum APR but CCU does not reveal the maximum amount of APR.

Customer experience

4.2

CCU has an easy-to-navigate website and offers almost every day of the week customer support with a variety of hours.

Transparency

4

CCU allows borrowers to be prequalified without a hard credit test however it doesn't publish all of its loan details online.

Methodology Bankrate considers 18 data points when evaluating auto loan lenders. Acceptance criteria, rates and fees are offered and the range of APR all impact lender scores. These scores are broken up in four different categories. The availability of loans and repayment options, dealership requirements and availability to state are a part of this category. Affordability: This section houses APR ranges and acceptance criteria, along with discounts and fees. Customer experience: The length of time you'll need to shop, the customer service availability, whether you have an app or autopay option are covered within this category. Transparency: This section accounts for the accessibility of rates and fees and the availability of prequalification.

Disclaimer The reviews are written by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer , and are not evaluated or approved by any advertiser. The information such as rates and charges provided in the review are accurate up to the date when the review first appeared. Look over the information in the upper right hand corner of the page and the lender's site for the most recent details.

Written by

Rebecca Betterton

Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers in navigating the details of using loans to buy a car.

The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since the end of 2021. They are committed to helping readers feel confident to manage their finances with clear, well-researched data that makes complex subjects into digestible pieces.

Auto loans editor

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How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for the promotion of sponsored goods and services or by you clicking on certain hyperlinks on our website. This compensation could impact how, where and in what order products are displayed within the listing categories, with the exception of those the law prohibits it for our mortgage home equity, mortgage and other products for home loans. Other factors, such as our own proprietary website rules and whether or not a product is offered in the area you reside in or is within your personal credit score could also affect the way and place products are listed on this website. We strive to offer an array of offers, Bankrate does not include information about every credit or financial product or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |

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Can you refinance a car in someone else's name? Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make better financial decisions by providing you with interactive tools and financial calculators as well as publishing independent and objective content. This allows you to conduct research and evaluate information for no cost - so that you can make sound financial decisions. Bankrate has partnerships with issuers including, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Profit The products that appear on this site are from companies who pay us. This compensation may impact how and when products are featured on the site, such as such things as the sequence in which they be listed within the categories of listing, except where prohibited by law. Our mortgage, home equity and other home loan products. This compensation, however, does have no impact on the information we publish, or the reviews you see on this site. We do not cover the universe of companies or financial deals that could be accessible to you.

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3 minutes read Read Published the 06th of February, 2023.

Authored by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She has a specialization in helping readers to navigate the details of using loans to buy an automobile.

The edit was done by Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate since the end of 2021. They are dedicated to helping readers gain confidence to manage their finances with clear, well-researched information that breaks down complex subjects into digestible pieces.

The Bankrate promise

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At Bankrate we strive to help you make better financial decisions. We are committed to maintaining strict ethical standards ,

This post could contain references to products from our partners. Here's a brief explanation of how we make money .

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In 1976, Bankrate was founded. Bankrate has a proven track history of helping people make smart financial choices.

We've maintained our reputation for over 40 years by making financial decisions easy to understand

process and giving people confidence in which actions to follow next. process and gives people confidence in the next step.

So you can be sure you can trust us to put your needs first. All of our content is written by and edited by ,

who ensure everything we publish ensures that everything we publish is accurate, objective and trustworthy. Our loans reporters and editors concentrate on the things that consumers care about the most -- different types of lending options as well as the most favorable rates, the best lenders, ways to repay debt, and many more, so you're able to be confident about investing your money.

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If you've found that your vehicle payments are , you may feel inclined to get rid of the loan entirely and let someone else take responsibility. But this is not an easy process that can be accomplished by merely the car with a new owner instead of yourself. You should consider alternative ways to eliminate the vehicle. Key takeaway

Technically, you can refinance a car in the name of someone else, but it is a multi-step process that involves refinancing twice and might not work. Selling the vehicle is usually the best option.

How do you transfer a car loan in the name of someone else order to transfer the car loan to someone else, you also need to transfer the vehicle itself, which is legally as if you were selling the vehicle. There are two methods to transfer ownership to someone else. Sell the vehicle If you're looking to transfer vehicle ownership but have not yet completed the repayment of the loan or loan balance, you are in possession of a lien on your vehicle. This means the lender has a legal right over the vehicle until it's sold or transferred to someone else. In this case the simplest way to transfer it is through a dealership, but you may also sell the vehicle privately. If you are selling privately, make sure you have the title of the vehicle yourself. Bankrate insights

Selling the vehicle is the best option when you want to transfer the car loan to someone else.

Refinance the vehicle twice If you are set on refinancing the vehicle under someone else's name You will need to follow two steps. First, refinance the car with a . Then, refinance again to eliminate yourself from the loan. First, apply for the loan together with your co-borrower, and confirm the loan with new equal obligations. After that, you'll refinance the loan yet again however this time, you will take your name off the loan. Make sure you are aware of this might be ineffective and not recommended. Be aware that lenders set specific . If the loan is relatively new it is likely that the lender will likely not approve this step. Be aware that although there's no limit to the number of , doing it two times in quick intervals could hurt your score on credit. There are also loan origination and transfer fees. Other methods to save on your auto loan Here are some more feasible options if you want to reduce the cost of your current loan or sell the car you're currently driving. If you're looking to modify your loan it, you'll need to speak to your existing lender. Typically, modification is presented as a possibility to benefit both the borrower as well as the lender. You will retain use of the vehicle as well as the lender will not be required to pay to repossess the car. Find out information about your current financial circumstances and prepare to present arguments for why your loan should be changed. It's not enough to state that you'll need to adjust it. It is essential to demonstrate that you can keep making payments once the changes are implemented. Trade in your car If your issue is due to being able to pay for your current loan installment and refinancing no option for you, this could be a great idea. If you're able to find a more affordable car that meets your requirements and costs the same or less than the amount you're currently paying, you'll be able to pay off of your current loan and take home lower monthly costs. Refinance your loan on your own. by yourself is a good idea if you plan to keep your car as you . After considering the current loan and the amount you are able to be able to afford, it's best applying for loan prequalification and shop around to find different alternatives. Credit unions, banks, and online lenders are all possible options when you are looking to get started . Next steps It's difficult to refinance your car in the name of someone else or sometimes it's not even feasible. If you're interested in selling your car and loan to someone else, they need to go through the usual buying and financing process. The other alternative is to refinance your auto loan twice in order to add an owner new to the loan and remove yourself. Alternate your loan in case you wish to keep the car.

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Writen by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers to navigate the details of borrowing money to purchase an automobile.

Editor: Rhys Subitch Edited by Auto loans editor

Rhys has been editing and writing for Bankrate from late 2021. They are passionate about helping readers gain confidence to manage their finances with concise, well-studied and well-organized data that breaks complicated topics into bite-sized pieces.

Auto loans editor

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How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for the promotion of sponsored goods and services, or by you clicking on certain hyperlinks on our website. Therefore, this compensation may influence the manner, place and in what order products appear within listing categories, except where the law prohibits it for our mortgage home equity, mortgage and other home lending products. Other factors, such as our own rules for our website and whether the product is available in your area or at your own personal credit score can also impact the manner in which products are featured on this site. While we strive to provide the most diverse selection of products, Bankrate does not include specific information on every financial or credit product or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |

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