Are credit union car loans better?

Credit unions often offer competitive auto-loan rates and can be more flexible with first-time or lower-credit borrowers, because they're member-owned nonprofits. That said, rates vary, and a manufacturer's promotional financing can sometimes beat them on new cars. You'll need to become a member, which usually depends on where you live, work or belong to a group. Getting a credit union quote is a good benchmark before you visit a dealership.