USAA auto loans review December 2018 |

USAA auto loans review

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USAA offers competitive rates on car loans and refinancing.’s rating: 3.6 / 5.0


USAA started as an auto insurance company in 1922 and has since grown to be a leading financial institution with a mission to help US military members and their families. If you’re an active or former member of the military and have an account with USAA, you have access to low rates and plenty of benefits offered to our servic emembers.

What is an auto loan from USAA?

With USAA, you’re eligible for some of the best rates on auto loans in the country. Use your loan to buy a new or used car, or save by refinancing your existing auto loan with USAA. Loan terms last between 12 to 84 months, and you may be able to score an APR as low as 2.79% when you purchase a new vehicle through USAA’s car buying service.

A five-minute application and document e-sign results in quick turnaround. In some cases, you can print your check within minutes of approval. Rates depend on loan terms, your creditworthiness and the year and make of the car you’re interested in. The best rates are reserved for those with excellent credit, but you may find periodic rate discounts online that could help too.

Compare USAA auto loans to other car loans

Rates last updated December 13th, 2018

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Name Product Product Description Min. Credit Score Term of Loan Requirements Car Loans
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Auto Credit Express Car Loans
Get connected with an auto lender near you, even if you have bad credit.
Typically 3 to 6 years
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
LightStream Auto Loans
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Good to excellent credit
Flexible terms
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
RateGenius Auto Loan Refinance
Connect with a network of over 150 lenders to refinance your car loan.
Income of $2,000+/month, vehicle has less than 150,000 miles and is no older than 8 years, loan balance is between $10,000 and $100,000, debt-to-income ratio is less than 50%
LendingClub Auto Refinancing
Lower your monthly car payments and save on interest through a fast and easy online application process.
Fair or better credit
Minimum of 2 years
Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
MotoRefi Car Loan Refinancing
A car loan connection service for borrowers looking to refinance.
1–6 years
Must have an income of at least $2,000/month and have a vehicle with less than 100,000 miles.
LendingTree Auto Loans
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
Good to excellent credit
Typically 1 to 7 years
Must be a US citizen and 18+ years old. Must have good to excellent credit.

Compare up to 4 providers

What are the benefits of a USAA auto loan?

USAA has a reputation of offering solid rates and has an A+ BBB rating, among other benefits.

  • Vehicle protection available. Opt for additional vehicle protection with no deductible and flexible payment options.
  • Low APRs and no hidden fees. APRs are some of the lowest in the market, and there are no hidden fees, saving you money on the total cost of your car loan.
  • Easily apply online. Complete a quick application online and get financing tailored to your car model.
  • Car buying service. Not sure where to start on your search for your next car? USAA has a car buying service powered by TrueCar to make it easier to find the car that matches your needs.

What to watch out for

You must meet USAA’s eligibility criteria, which includes being a military member or having a relative who’s in the military, in order to apply for their auto loan. Compare other auto loan options if you don’t qualify with USAA.

Am I eligible?

To apply for an auto loan with USAA, you must be:

  • At least 18 years old.
  • A US citizen or permanent resident.
  • A USAA member — a member of the military or a military family.

What do I need to apply?

Visit USAA online and click Join USAA to get started. If you’re already a member, log in to your USAA member account. If not, you’ll need to apply for membership first. For the auto loan application, you’ll need to supply:

  • Your personal information, including your date of birth and Social Security number.
  • Details about you or your family member’s military service.
  • Your financial information for monthly payments.

To complete your application, simply follow these steps:

USAA car loans initial page

USAA autoloans for older cars screenshot

USAA autoloans tips screenshot

I got a USAA auto loan. Now what?

Now that you have your auto loan to finance your next vehicle, keep up with monthly payments to avoid paying unnecessary fees.

  • Provide proof of insurance. If you haven’t verified your car insurance coverage already, you’ll need to provide the documentation before receiving the loan.
  • No payment for 60 days. Once you get your loan, you have 60 days to make your first payment. Be aware that interest accrues from Day One.
  • Make timely payments. Avoid the 5% penalty on your late payments by signing up for automatic payments.
  • Pay more than the minimum. To avoid excessive interest over the life of your loan, consider paying more than the amount required each month.

Bottom line

USAA auto loans offer low rates with terms of up to 84 months and no prepayment penalty, depending on your credit and loan term. But you must be eligible for USAA membership, which is open to members of the military or those who are part of a military family only. You can compare other car loan options if you’re not eligible for a USAA membership.

Common questions about USAA auto loans

Loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, customer reviews, loan amounts, loan processing and borrower experience.

Read the full methodology of how we rate loan providers.

Aliyyah Camp

Aliyyah Camp is a publisher for helping folks compare personal, student, car and business loans. When she's not helping people with their personal finances, you can find her going for runs outdoors.

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2 Responses

  1. Default Gravatar
    SarahOctober 26, 2018

    What are the fees for USAA auto loan?

    • Default Gravatar
      joelmarceloOctober 26, 2018

      Hi Sarah,

      Thanks for leaving a question on finder.

      Loan terms last between 12 to 84 months, and you may be able to score an APR as low as 2.79% when you purchase a new vehicle through USAA’s car buying service. There are no hidden fees with USAA but I suggest you speak to them first before applying for a loan to be sure.

      Please send me a message if you need anything else. :)


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