While AOD offers some very competitive rates and the best non-category spend credit card in my opinion, they require a $500 deductible on full coverage for car loans. It can be reviewed and an exception can be made to allow for up to a $1000 deductible, but that’s the maximum they will review/accept. So if you plan to have a deductible in excess of $1000, AOD is not your option. They do not require GAP at least, but I’m sure there are plenty who do. Marks them off of my list, unfortunately. 1.56% was tempting. But, that would cause a massive insurance premium increase which would eviscerate any savings from the lower rate, unfortunately. ☹️😔
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AOD automobile loans

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3 years ago
Mon Mar 07, 2022 3:28 pm
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Birdman
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While AOD offers some very competitive rates and the best non-category spend credit card in my opinion, they require a $500 deductible on full coverage for car loans. It can be reviewed and an exception can be made to allow for up to a $1000 deductible, but that’s the maximum they will review/accept. So if you plan to have a deductible in excess of $1000, AOD is not your option. They do not require GAP at least, but I’m sure there are plenty who do. Marks them off of my list, unfortunately. 1.56% was tempting. But, that would cause a massive insurance premium increase which would eviscerate any savings from the lower rate, unfortunately. ☹️😔
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Re: AOD automobile loans

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3 years ago
Mon Mar 07, 2022 4:27 pm
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Saeren
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Thanks for the heads up. Have you checked DCU? They have excellent rates too and I haven't ever heard anyone complain about this.
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Re: AOD automobile loans

3 of 3
3 years ago
Tue Mar 08, 2022 12:50 am
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Birdman
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Saeren wrote: ↑Mon Mar 07, 2022 4:27 pm Thanks for the heads up. Have you checked DCU? They have excellent rates too and I haven't ever heard anyone complain about this.
No I have not actually, maybe I should. The friend in question obtained manufacturer low financing.
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