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Regular Annual Percentage Rate (APR)
Starts at 4.59%
Regular Annual Percentage Rate (APR)
Starts at 4.59%
Details
Regular Annual Percentage Rate (APR)
Starts at 4.59%
Advantages and disadvantages
Strong points
Advantages and Disadvantages of USAA Auto Loans
USAA is best for existing customers who want to take out a loan from a bank they have a relationship with. The bank’s customer service and reputation are top-notch, and it offers solid starting rates on its auto loans.
However, the USAA is rather opaque on most of its loan terms. It does not list the fees it charges on its website, the minimum credit score needed, or its maximum loan amount. Borrowers who want more clarity on what to expect before deciding to apply should look elsewhere.
USAA Auto Loan Comparison
How USAA Compares
Editor’s Note
Regular Annual Percentage Rate (APR)
Starts at 4.59%
Editor’s Note
Regular Annual Percentage Rate (APR)
New, used, refinance as low as 4.54%
Editor’s Note
Regular Annual Percentage Rate (APR)
From Concessionaire: Starts at 5.24%, From Private Party: Starts at 7.39%, Lease Buyout: Starts at 5.24%, Starts at 5.39%
Navy Federal has a lower loan minimum than USAA – you can withdraw as little as $250 from the credit union. PNC has a minimum loan of $5,000, the same as USAA.
The USAA offer is valid for 45 days, while the Navy Federal offer is valid for 90 days. PNC does not disclose the validity period of its offer.
See our auto loan scoring methodology »
Frequently Asked Questions
USAA has earned an industry-leading A+ rating from the Better Business Bureau, a nonprofit organization focused on consumer protection and trust. The BBB determines a company’s ratings by evaluating whether a company’s response to consumer complaints, transparency about business practices and truthfulness of advertising.
USAA has been at the center of some controversy over the past few years. The Office of the Comptroller of the Currency forced the bank to pay an $85 million fine in 2020 after the regulator determined the bank failed to properly manage risk in its compliance and technology programs. information.
Even though USAA has an excellent BBB rating, it does not guarantee that you will have a good relationship with the bank. Reach out to friends and family and ask them about their experiences with the lender before deciding to borrow. You may also not feel comfortable with the lender given their recent scandal, so you may choose to look elsewhere.
Generally speaking, it is more difficult to get a USAA car loan than from most other lenders.
Some borrowers may not be able to obtain a USAA auto loan, regardless of the quality of their credit score. Membership is limited to the military community or family members of that group. If you do not meet these conditions, you will not be able to obtain a loan from the bank.
If you qualify for membership, USAA is a solid place to get a loan. It offers excellent customer service and a discount for making automatic payments. Plus, you can get a new or used car, refinance, or buy out your lease with USAA.
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