I will reluctantly agree with some of this statement. here’s why: credit unions obviously loan there own money so they don’t care what the FED has the prime rates at, they just loan the money just below what everyone else can. I am not saying that you shouldn’t let the dealer try however. Since each car deal is different, based on what we have learned so far in this thread, the dealer can sometimes beat the credit union. This is because not every customer gets these amazing rates. Credit Unions mark the rates up when their customers have issues just the same as banks do.
lastly, Credit unions DO NOT REPORT to the credit bureau’s. This is bad because you could have several loans through your CU and still not have a credit score. that means when you go try and get a mortgage or a loan you can’t get through your CU, you will have difficulty doing so.