Most consumers are not able to afford a car without taking out a car loan. There is no reason to pay hundreds of dollars of extra interest if you can save money. Credit union auto loans are different than auto loans that consumers can take out at a bank. A traditional bank will try to charge as much interest as possible in order to increase the value they provide to their shareholders. A credit union is owned by members who vote for a board of directors. This board of directors has an incentive to give value to account holders, not shareholders. One example of credit union auto loans is taking out a $8,000 three year car loan at a bank which may charge 8%. However, a credit union will allow a customer who has decent credit to take out the same loan at 4% interest. Customers should save mon