Love my 99

I went onto LendingTree.com today and applied for an auto loan to buy an S2000. I was offered a 7.2% interest rate on a 60 month loan for $19k by roadloans.com. I find this a little high considering I bought my '05 Nissan Frontier in October '05 at a 6.2% interest rate with Chase. I have a credit rating of 725 so I thought it would have been a little lower.

Should I just shut up and take the loan at 7.2% or should I keep shopping around? Any suggestions?

virtualbong

Supposedly that's the going rate right now, but I would go check out a local credit union to see if you can get something better.

moeronn

What year is the s2k? If it's used, then 7.2% isn't too bad. You could try a credit union to see if they can beat it. My wife just got a loan for an '02 4Runner @ 6.5% if she paid about $5/mo extra for gap insurance. That was half a point off their normal rate..

Love my 99

It's a 2001 with 40k miles. The guy is asking $18,600 for it. It looks clean as a whistle and well-maintained. Plus, it's my color combo of choice (the grand-prix white with red interior) with '07 front and rear bumper updates.

moeronn

Rate seems reasonable, then.