Last Updated: 04/18/2025
SuperMoney User Recommendation Score -37
Mostly not recommended46 total votes
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Highlights
Community Rating
Mostly not recommended
Amount Range
$5,000 - $3,000,000
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APR (Fixed APR)
2.59% - 16.28%(Verified 06/21/2024)
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Credit Score Range
560 - 850
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Loan Term (Months)
12 - 84
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Number of Reviews
USAA Auto Loan Review
USAA Auto Loan is offered by USAA Federal Savings Bank, a bank founded in 1922 and based in Phoenix, AZ. USAA auto loan are available in 50 states and Washington, DC.
USAA auto loan FAQ
How much can you borrow via USAA auto loan?
USAA auto loan loan amounts start at $5,000 and go up to $3,000,000.
What APR does USAA auto loan offer on its car loans?
USAA auto loan offers a fixed apr car loan product that ranges from 2.59% APR up to 16.28% APR. Rate is quoted with autopay discount*.
Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.
What is the maximum auto loan term you can get with USAA auto loan?
USAA auto loan has car loans with terms ranging from 12 to 84 months. Having the option of longer terms -- terms can range up to 144 months -- allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.
Does USAA auto loan charge an origination fee?
No, USAA auto loan does not charge a loan origination fee.
An auto loan origination fee is what some lenders charge for processing an auto loan application and funding an auto loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.Does USAA auto loan charge a late fee?
Yes, USAA auto loan charges borrowers with a late payment penatly fee
Does USAA auto loan charge prepayment fees?
No, USAA auto loan will not charge you a fee for paying your loan early. Whenever possible choose lenders like USAA auto loan that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.
Can I pay off early my USAA auto loan loan?
Yes, you can. USAA auto loan does not charge a prepayment fee, so you can save money by paying your car loan early.
What do you need to qualify for USAA Auto Loan?
Applicants with a credit score of at least 560 and up to 850 may be eligible for USAA Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher. USAA Auto Loan does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by USAA Auto Loan.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
What is the estimated funding time for a car loan via USAA auto loan?
USAA auto loan will typically fund the car loan within 1 business day of approval.Does USAA Federal Savings Bank perform a hard credit pull?
Yes, USAA auto loan performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Is USAA Federal Savings Bank a legit company?
USAA Federal Savings Bank was founded in 1922, it is a well-established company that has been in business for 104 years. USAA Auto Loan is mostly not recommended by SuperMoney community users.
USAA Auto Loan Disclosure: Displayed rates are the lowest Annual Percentage Rates (APR) and include a discount for automatic payments (0.25%). Rates subject to change without notice and vary based on approved credit and other factors, such as term, model year, and loan amount.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from USAA auto loan
Message from our editor
What we love about USAA Auto Loans
USAA is a popular financial company that has a reputation for great customer service. That reputation holds true with its auto loans. Customers can expect an easy application and strong customer service throughout the borrowing process.
Loans are flexible, with terms as long as 84 months, and have highly competitive rates and fees so borrowers can feel confident that they’re getting a good deal.
Additionally, because USAA was founded by members of the military and is dedicated to serving the military, it’s also well-equipped for handling the unique circumstances servicemembers face.
One great perk of USAA’s auto loans is that if you buy from a USAA certified dealer and find a better deal on a car right after you make your purchase, USAA will refund the difference, acting as a form of purchase protection.
What could USAA Auto Loans do better?
The primary drawback of borrowing from USAA is that the company has strict eligibility requirements. The company focuses on serving members of the military and their families, so you won’t be able to get coverage unless you are an active, retired, or separated service member or a spouse, widow, widower, or former spouse of an eligible servicemember.
Other than this, there’s little to complain about.
USAA Auto Loans’s backstory
USAA was founded in 1922 by Army officers looking for car insurance. They decided to form their own insurance company instead. Over time, the officers added more servicemembers to the group and expanded their company to offer other services, such as banking and loans.
The Verdict
USAA offers strong auto loans and makes it easy for people to shop for a vehicle through its network of dealers. If you’re eligible to work with USAA, there’s little reason that it shouldn’t be one of the first lenders you check when shopping around.