AAA Auto Loan Review 2024 [Is AAA Auto Loan Legit?]

Updated On: 09/03/2023 is reader-supported. When you buy via links on our site, we may earn an affiliate commission at no cost to you.

The vast auto loan market can inundate you with options, but knowing where to look is half the battle. Today, we're focusing on an intriguing option that may have slipped under your radar: AAA auto loan.

As a company that has long been trusted for roadside assistance, can they offer you a dependable vehicle financing solution? When you think of AAA, loans might not be the first thing that comes to mind.

This time-tested organization offers a range of financial services worth considering. In the following sections, we provide an in-depth AAA auto loan review to help simplify your decision-making process.

With clear insights and relevant information, you'll have all you need to assess if this loan meets your unique needs.

How do AAA Auto Loans Work?

How do AAA Auto Loans Work?

AAA Auto Loans, like other types of auto loans, begin with an application process. You can apply online or at any local AAA branch. The broad steps, as well as important details to keep in mind, are mentioned below:

  • Application Submission: Submit your application detailing your personal and financial information.
  • Credit Approval: If your credit score meets the criteria set by AAA, you’ll receive pre-approval for a loan amount based on your creditworthiness.
  • Interest Rates & Term: Depending on your credit score and income level, you'll be offered a specific interest rate and a loan term that could range typically from 12 to 72 months.
  • Vehicle Selection: Once you have locked in your loan terms, you can choose a vehicle that fits within the approved loan limit.

AAA doesn't finance certain types of vehicles (like exotic cars), so checking eligible vehicles before choosing is critical.

AAA shines for its competitive interest rates and flexible repayment timelines. Additionally, it is known for its excellent customer service.

By financing with AAA, you potentially secure low-rate options unavailable through traditional dealership financing.

Types of Vehicles Eligible for Financing

AAA provides auto loans for various vehicles, allowing you to find something that fits your wants and needs perfectly. Here's a concise guide on the types of vehicles eligible:

  • New Cars: You can secure an AAA auto loan for buying any new car from a dealership, regardless of the make and model.
  • Used Cars: AAA provides financing for used cars that have not surpassed a specific age or mileage limit. However, keep in mind that rates may be higher for used cars when compared to new ones.
  • Minivans, Small Trucks, and SUVs: Not just cars, but minivans, small trucks, and even SUVs can come under the umbrella of your AAA auto loan. The make/model doesn't generally have restrictions.

Awareness of eligibility norms equips you to make a confident selection from many available vehicles.

Remember that exact terms like age and mileage limits can vary by state, so check with your local AAA branch or consult their online resources for specifics.

Also Read: Does Checking Your Credit Score Lower It? [2024 FICO & CFPB Reports]

Necessary Documentation for AAA Auto Loan Approval

Securing an auto loan requires several documents that verify your identity, social security number, employment, and income.

While it may seem like a hassle, this documentation is imperative to establish your credibility as a borrower. Here is a comprehensive highlight of the necessary documents:

  • Government-Issued ID: This could be your driver's license or any ID issued by the state or the U.S. government that verifies your identity.
  • Social Security Number (SSN): Your SSN is required for credit checks and to ensure AAA complies with federal regulations.
  • Employer’s Name and Phone Number: Your employment information, including the employer’s name and phone number, helps lenders understand the applicant's job stability and consistency of income.
  • Proof of Income: Proof of income is key to showing you can repay the loan. This can be achieved through recent pay stubs, bank statements, or tax returns.

In addition to these documents, lenders might also ask for:

  • Proof of Residency: A utility bill showing your name and address often suffices.
  • Vehicle Information: If you are refinancing or buying a used car from an individual, AAA may require additional paperwork demonstrating vehicle details such as make/model/year or odometer reading.

Every loan application process can vary slightly from lender to lender. So, it is always wise to double-check with AAA about the specific requirements before proceeding with your application.

What Credit score do I need to apply for an AAA auto loan?

What Credit score do I need to apply for AAA auto loan?

AAA doesn't explicitly state a minimum credit score requirement for auto loans. Good credit scores (700-749) are typically likely to secure preferable interest rates on auto loans.

If your score is within the fair range (580-669), you may still qualify but face less favorable terms due to the increased lending risk.

Those with excellent scores (750 and above) can expect the best interest rates AAA offers. Lending decisions aren't wholly based on credit scores but also consider factors like income, employment stability, and debt-to-income ratio.

Always check with AAA for the most accurate and up-to-date information before applying for an auto loan.

How to apply for an auto finance loan?

Applying for an auto finance loan can be done in two ways: online or in person at a local AAA branch.

  • Online Application: Visit the official website of your chosen financial institution. Navigate to the "Auto Loans" section and select ‘Apply Now.’ Fill out the application form with personal information, employment details, and financial situation. Once you're satisfied, submit your application.
  • In-Person Application: Alternatively, you may visit a local AAA branch or financial institution for personalized assistance. Here, a representative will guide you through the loan application process.

Keep handy your proof of income, valid identity proof, and credit score details, as these may influence loan approval and rates.

Also Read: How Much Does Credit Repair Cost In 2024? [DIY At No Cost]

How to Apply for an AAA Auto Finance Loan?

Applying for an AAA auto loan can be accomplished in two ways: online or at your local AAA branch.

Online Application

The online application process is pretty straightforward:

  • Visit the AAA website: Access the AAA auto loan application page.
  • Fill out the application form: You must provide your Social Security Number, employer's name, phone number, and annual income.
  • Apply: After you have filled in all the relevant information, submit your application for review and approval.

Local Branch Application

To apply at a local branch, follow these steps:

  • Locate a nearby branch: Use the branch locator tool on the AAA website.
  • Visit in person: Bring documents like your government-issued ID and proof of income.
  • Apply with assistance: The staff will guide you through each step of the application process.

Whether you apply online or in person, rest assured that AAA's customer service is always a call away to answer your questions and provide guidance when needed.

Pros and Cons of AAA Car Buying Service

AAA's car buying service has advantages and drawbacks like all services. It's crucial to weigh both to see if the benefits outweigh the potential negatives for your unique circumstances.

  • Hassle-Free Shopping
  • Significant Savings
  • Extensive Vehicle Selection
  • Limited Dealer Network
  • Credit Requirement

Understanding these aspects can help determine whether the AAA car buying service aligns with your needs, style, and financing preferences.

Is AAA auto loan legit?

Is AAA auto loan legit?

Yes, AAA auto loans are legitimate, and they are known for offering its members a variety of benefits, including competitive rates, discounts, and flexible repayment terms.

AAA, short for American Automobile Association, is a trusted motorist service company that has been around for over 100 years.

While primarily known for roadside service and automobile insurance, they also provide their members with many other services like auto loans.

As with any financial decision, it's essential to do your research and understand the loan terms before committing.

Alternatives to the AAA Auto Loans

While AAA auto loans are a solid option for financing your vehicle purchase, it's always smart to compare and contrast with other service providers.

We understand that each borrower's requirements differ, so we aim to provide you with a comprehensive picture.


TrueCar is revered as one of AAA auto loan’s top alternatives. Along with new and used cars, TrueCar frequently lists lease vehicles on their site—an option not available with AAA.

An exclusive feature is the TruePrice tool, which provides an upfront and guaranteed price for the listed vehicle. You'll find user reviews about the dealer selling the car, ensuring transparency at every step.

Costco Auto Program

The Costco Auto Program boasts an expansive network with over 3,000 dealerships nationwide! You can select from a ton of makes and models at prearranged pricing.

As a Costco member, you're eligible for added perks on select vehicles, which sweetens the deal. It brings simplicity to your table by eliminating time-consuming negotiations.


A powerhouse in the auto world—Edmunds has been aiding automotive specialists since 1966! Their vast library of car research tools and expert reviews provides an unparalleled edge when hunting for that perfect car within your budget.

Access thousands of new and used listings in your area and complimentary cost calculators on insurance, lease payments, and overall car ownership costs.

Emphasizing shopper ease above all else— showcases many local listings alongside compelling research tools to streamline your decision-making process.

The highlight is their innovative pricing calculator designed to aid those who want details on monthly payments even before finalizing their loan terms.

They also offer advice on selling or trading in old cars—an aspect not largely concentrated upon by most auto loan services.


Autotrader is an online marketplace for car buyers and sellers, touting an inventory that includes millions of vehicles.

Their platform provides a seamless interface to value trade-ins, apply for financing, and obtain car insurance quotes under one digital roof.

Autotrader offers new and used vehicles from multiple sources, including dealerships and private sellers.

Their diversified selection, insightful reviews, comparison tools, and extensive vehicle history reports make them popular when considering online auto marketplaces.


CarGurus prides itself on being the go-to resource for transparent automotive marketplace data.

Using the functionally-rich website or mobile app, you can search through significant volumes of pre-owned and new vehicles across the country.

What sets CarGurus apart is their unique deal-rating system - assessing each listed vehicle against local or nationwide listings to ascertain if it's priced fairly.

Vehicle history reports are readily available on their platform - adding another layer of transparency to your car-buying journey.

Kelley Blue Book

A trusted name in the auto industry, Kelley Blue Book (KBB) provides insightful market intelligence on car prices.

KBB's vast knowledge base helps determine the fair market range for any vehicle. They analyze various data points such as dealer inventory info and economic conditions to give potential buyers or sellers accurate price projections based on specific makes/models.

KBB also offers reviews from real-life car owners and expert evaluations to streamline your decision-making process.

Local Dealerships

Local dealership networks can offer a range of benefits not always seen in digital marketplaces – including physical inspections, test drives, various financing options, and personalized purchasing experiences – plus in many cases, they are more likely flexible when it comes to negotiation.

Undoubtedly more traditional in style, these locally operated businesses still pose stiff competition due to their comprehensive offerings.

Credit Unions

Credit unions offer competitive rates in the auto loan market due to their not-for-profit nature, allowing them to transfer earnings directly back to members through lower interest rates/share dividends.

Credit unions often provide more personalized service than banks, focusing on building long-term client relationships rather than simply profiting from transactions.

Choosing a credit union as a source lender brings other benefits—such as flexible repayment schedules—making them attractive prospects for anyone needing an auto loan.

FAQs about AAA auto loan

How reliable is AAA for auto loans?

AAA has a strong reputation for its customer service and competitive rates, making it a reliable choice for auto financing.

Can I refinance my auto loan with AAA?

Yes, AAA offers convenient refinancing options to help you potentially lower your monthly car payments or reduce your interest rate.

How quickly can I get approved for an AAA auto loan?

Approvals can be indeed swift with AAA. Most applicants receive pre-approval results within 48 hours of applying.

Is there a penalty for paying off my AAA auto loan early?

No, there's no prepayment penalty in most cases if you settle your AAA auto loan ahead of schedule.

Does using the AAA car buying service require an AAA membership?

Being an AAA member typically opens up additional benefits, but one may still access their car buying services without a membership. However, terms may vary, so we recommend checking with your local branch.


Securing an auto loan can often be a complex and confusing task. However, with AAA's trusted reputation and wealth of financial services, you're offered a dependable path to vehicle ownership.

Analyze all relevant factors - from eligibility criteria to the range of available services - and always remember your specific requirements.

The end goal is always finding the most suitable, comfortable solution for your circumstances while maintaining financial buoyancy in the long run! AAA might be the solution you have been searching for.

Michael Restiano

I support product content strategy for Salt Money. Additionally, I’m helping develop content strategy and processes to deliver quality work for our readers.

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