Another vote for sdccu. Here is an example of one of the “little things.” A long time ago I was in a branch to get a car loan, the loan lady was nice and just before we start looking at options like term, biweekly or monthly payments, rates, etc. and she mentions the tax reward auto loan. She spends ten minutes explaining it, I jump on it and she offers to convert my other car loan to a tax reward loan without refinancing or resetting anything about the loan. I have deducted the interest on my car loans for the last decade, wouldn’t do it any other way. They make no extra money on the loan (there is $50 one time fee to drop a subordinated lien against your house so you can deduct the car as if it were a second on the house). I ended up refinancing the house at one point and they subordinated the loan without any effort on my part and without any cost, just like they said they would. The little secret is that car is still the collateral, in theory they can come after your house if you don’t pay your car loan but they only go after the car in practice. Then again if you have cars repo’d often, go somewhere else, it may hurt my collective membership.
Other credit union and bank members to this day get car loans and I when I ask them if they got a tax reward loan, they either were never offered one or their bank doesn’t have them.
If you have sdccu and weren’t offered a tax reward auto loan, just ask for one.
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