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What is a Credit Union?

Credit unions are member-owned, not-for-profit "banks" with the goal of providing loans and other financial services to its members at reasonable rates.

Credit unions have a vested interest in making sure its members are financially healthy and saving money.

Unlike banks and other financial institutions, the goal of a credit union is to serve its members rather than make a profit.

Any surplus revenue a credit union generates will usually go toward offering members more affordable loans and lower fees on other products and services.

This makes credit unions the least deceptive and oftentimes cheapest source for auto financing.

There are over 9,000 credit unions in the United States with nearly 90 million members combined.

Some credit unions require members to be part of an organization or corporation, but there are others that only require you to live within a certain geographical area.

The best places to search for credit unions in your area is ASmarterChoice.org and FindACreditUnion.com






3 Steps Every Car Buyer Needs to Take to Save Maximum Money

The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:

Step 1 Get Prices From My Trusted Network

Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Select Vehicle to Get Local Pricing

Step 2 Get Prices From TrueCar / CarsDirect

TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.

Step 3 Complete my Checklist

Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...

  • Best Rebates, Incentives, and Lease Deals
  • Latest Car Buying Scams and Tricks
  • The Best & Worst Time to Buy a Car
  • Which Cars You Should Avoid

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About The Author

Gregg Fidan Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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