tlmane03

What do you think is a super low apr rate on a new as well as used car?

anyone find rates at 2.00 lately?!

real_mckoy

1.99 thats a good rate - 3.^^ 4% the best way to get a good auto rate is through the relationship of your bank if you have good standings with them and you alredy have established credit you will end up with a great rate vs just going to a dealer and try getting a rate they will get a different bank from yours and add their interset rate percentage so the rate will be higher than what you actually deserve.

AntSauce

iTrader: (2)

With a credit score above 720, you should be able to find a good rate. Best rates (if buying new) are found while financing with the direct auto lender (example: Honda Financial Services). Also, check with your bank regarding used rates. Chase, for example, gives you a rate discount if you have a checking account and another rate discount if you set up auto payments. Credit Unions are also known to provide good rates, but if and only if your credit is golden. Goodluck!

jason60050

Google PenFed...I think they have some of the best rates out there.

03tLsNBP

iTrader: (9)

+1 for credit unions

Hapa DC5

+1 For PenFed. Used to be military only, but you have options I to join in another way I believe.

gatrhumpy

iTrader: (1)

Used cars rates will be higher than new car rates.

I would try USAA auto loans.

AntSauce

iTrader: (2)

Definitely. Always consider this: Higher Risk (used, high mileage, bad credit, etc) to the Lender = Higher Rate to the Buyer. It is also much more likely for a buyer that falls into this category to default on the loan, in which the lender will make much more money on its investment. It's all business.

NBP04TL4ME

I have always done well with my local credit union. I got an e-mail this week from them offering 1.99%. Here is a link if anyone is local - https://www.sharoncu.com/rates-resou...loans.htm#auto

3.2TLc

....What are ya considering to buy ? "New or Used" ????

If ya have a stellar credit score along with the means to support loan payments, the best sources are your local bank, credit union or even the new car special incentive based loans from the manufacturer's lending co.

Used, well ya really gotta shop and pray for a good deal on a car loan.

MSGross

http://www.daveramsey.com

Worked for me...

dallison

Our credit union in pa offers 1.49 for up to 36 months.

NBP04TL4ME

I think the credit unions in general are the least expensive lenders.

fsttyms1

+2 for local credit unions. The ones around here are far and above better with rates than the larger banks.

NSXNEXT

iTrader: (2)

https://www.penfed.org/used-auto-loan/

Shotgun3131

+ a million for Penfed. Great rates on used and new loans. They will finance older cars as well. Super customer service also. Never had an issue with them.

boostaddict712

Like others have said, go w/ penfed. Their customer service hours is far more flexible for those of us working normal business hours. Their rates are some of the lowest I've seen (i.e. they had 0.74% up to 60mo's on used cars up until a few weeks ago).

If you're a civilian, you'll just need to donate $10/yr to a join. It's going towards a good cause and they have some great products.

3.2TLc

...So now that ya know the low rates are still available, what and when are ya going to buy ?

NBP04TL4ME

Good question!

So, OP.........

crazyasiantl

iTrader: (7)

I've had a long relationship with my credit union, but they couldn't get me the best rate out there.

When I bought my new car, Honda offered me 1.9% and my credit union offered three or four.

3.2TLc

So, TLmane03......what's the car of your dreams ?

..... Surely by now, ya have somewhat of an idea what you would like and also can afford.

Used cars can be a good value and offer great savings over a new car, if ya take your time researching the desired model of choice.

NBP04TL4ME

Last three cars we have purchased have been used and all have served us well.

HeartTLs

iTrader: (5)

Got 1.74% on a used car for 48 months with Penfed.

phee

iTrader: (5)

I got 1.98 through Wells Fargo for my used mustang with 25% down

NBP04TL4ME

OP is MIA............

phee-
You mentioned an important point in your post - down payment. My local credit union, I mentioned above, (https://www.sharoncu.com/rates-resou...loans.htm#auto) will finance 100% (not a real good idea, but they will do it) if you need to.

3.2TLc

.....Yeah, or something like that !!!