Used car interest rates
#1
Used car interest rates
I was wondering if any of you been shopping around for used cars and if so, what kind of interestrates have been offered to you?
I have a 04 sedan that I got an interest rate of 6.99% for 60 months 4 months ago. Then today I applied for another used car loan and they offered me 14.25% apr.... wow!!!!!!!
Thats huge difference in rates!!
I have a 04 sedan that I got an interest rate of 6.99% for 60 months 4 months ago. Then today I applied for another used car loan and they offered me 14.25% apr.... wow!!!!!!!
Thats huge difference in rates!!
#3
Yea, we just did a home improvement loan and got a $30K loan/ pool installed. I bet that did it.
I am wondering if I should just still buy the vehicle @ that 14.25% rate and then refi after one year. What do you think?
I am wondering if I should just still buy the vehicle @ that 14.25% rate and then refi after one year. What do you think?
#5
on to the next one...
My Credit Union is offering 5.80% APR right now...
...up from the 3.65% APR I got two years ago for my CL-S.
Go find a damn Credit Union you can join, they have the best interest rates on just about any type of loan.
...up from the 3.65% APR I got two years ago for my CL-S.
Go find a damn Credit Union you can join, they have the best interest rates on just about any type of loan.
#6
Originally Posted by bgsm1th
My Credit Union is offering 5.80% APR right now...
...up from the 3.65% APR I got two years ago for my CL-S.
Go find a damn Credit Union you can join, they have the best interest rates on just about any type of loan.
...up from the 3.65% APR I got two years ago for my CL-S.
Go find a damn Credit Union you can join, they have the best interest rates on just about any type of loan.
LoL! That rate I mention above is our credit union.
As I said, this is the highest ever. All my auto loans with them were always 5.5-6.9% offers . I have to see whats going on. I am sure its my debt to income ratio
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#8
Team Owner
iTrader: (4)
Like everyone else said. Check your credit score. When I traded in the CL, The rates I got were about 2.5% higher because of the increase in rates and since we just purchased a condo within the last couple months.
#10
Moderator Alumnus
Originally Posted by bgsm1th
My Credit Union is offering 5.80% APR right now...
...up from the 3.65% APR I got two years ago for my CL-S.
Go find a damn Credit Union you can join, they have the best interest rates on just about any type of loan.
...up from the 3.65% APR I got two years ago for my CL-S.
Go find a damn Credit Union you can join, they have the best interest rates on just about any type of loan.
#12
LOAN RATES
Rates Are Subject To Change - Contact Your Credit Union
__________________________________________________ __________________________________________________ __________________________________________________ ________
AUTOMOBILE NEW AUTOMOBILE USED or REFINANCED
Up to 36 months 5.99% to 12.99% APR 1 year old & newer 6.39% to 15.99% APR
Up to 48 months 6.39% to 13.99% APR 2 & 3 year old models 6.79% to 16.59% APR
Up to 60 months 6.69% to 14.99% APR 4 to 7 year old models 7.39% to 17.79% APR
Up to 72 months 6.99% to 8.59% APR
Up to 84 months 7.99% to 9.59% APR
Rates Are Subject To Change - Contact Your Credit Union
__________________________________________________ __________________________________________________ __________________________________________________ ________
AUTOMOBILE NEW AUTOMOBILE USED or REFINANCED
Up to 36 months 5.99% to 12.99% APR 1 year old & newer 6.39% to 15.99% APR
Up to 48 months 6.39% to 13.99% APR 2 & 3 year old models 6.79% to 16.59% APR
Up to 60 months 6.69% to 14.99% APR 4 to 7 year old models 7.39% to 17.79% APR
Up to 72 months 6.99% to 8.59% APR
Up to 84 months 7.99% to 9.59% APR
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