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Thread: Suggestions on best credit union for bike rates

  1. #1
    Phil B bullfrog_28560's Avatar
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    Suggestions on best credit union for bike rates

    looking to buy a GS...YAY, anyone have the inside scoop on a credit union that would have the best rates? I have quoted with USAA, Navy Federal, and working on XCELfcu from the ON Mag.

    thanks
    Phil Bouffard
    SSG U.S. Army
    Kaiserslautern, Germany

  2. #2
    BMW Rider
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    Quote Originally Posted by bullfrog_28560 View Post
    looking to buy a GS...YAY, anyone have the inside scoop on a credit union that would have the best rates? I have quoted with USAA, Navy Federal, and working on XCELfcu from the ON Mag.

    thanks
    Interest rates are still pretty much at historical lows. If you've got excellent credit you should be able to obtain some pretty good numbers although possibly not as low as a car. Here is a site that might be of help in your search:

    http://www.bankrate.com/auto.aspx

    I don't think they get into motorcycle loans specifically but if you've got good credit I would certainly negotiate for car-equivelent rates.

  3. #3
    Registered User Emoto's Avatar
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    This varies wildly. Some CUs set absurd rates like 10% because they don't rally want that business.
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    Rpbump USN RET CPO Rpbump's Avatar
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    NAVY FEDERAL CREDIT UNION available to all Service members.

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  5. #5
    Phil B bullfrog_28560's Avatar
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    Quote Originally Posted by Rpbump View Post
    NAVY FEDERAL CREDIT UNION available to all Service members.

    RIDE SAFE
    I am a member of Navy Federal, but their rates are at 6%, USAA - 4.9%, XCELfcu - 5.9% Service Credit Union 3.9%, found my loan and preapproved, wife said get the bike YYAAAYY WHOOOHOOO........gotta play it smart and pay off my truck first. so will not buy the bike until spring 2014.
    Phil Bouffard
    SSG U.S. Army
    Kaiserslautern, Germany

  6. #6
    Rpbump USN RET CPO Rpbump's Avatar
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    There is an ad in the July ON magazine for BMW MOA members from XCEL Federal Credit Union advertising rates as low as 2.99% for 36 months. pg 117
    www.xcelfcu.org contact Ray de Quintal.

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  7. #7
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    Quote Originally Posted by bullfrog_28560 View Post
    I am a member of Navy Federal, but their rates are at 6%, USAA - 4.9%, XCELfcu - 5.9% Service Credit Union 3.9%, found my loan and preapproved, wife said get the bike YYAAAYY WHOOOHOOO........gotta play it smart and pay off my truck first. so will not buy the bike until spring 2014.
    How un-American! Someone who actually thinks before they buy. How are you going to blame the banks for giving you a loan? How smart!

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    BMW Financial beat my CU by a good bit. Why not use them?

  9. #9
    BMW Rider
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    Quote Originally Posted by bill_jamaca View Post
    BMW Financial beat my CU by a good bit. Why not use them?
    Bill, the OP has had 2nd thoughts and thought it best to pay off another vehicle first prior to moving forward with this purchase.

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