Poll: Finance rate and was it from the dealer?
Ridiculously Active Enthusiast
Joined: Jun 2006
Posts: 1,031
From: Chesapeake, VA
Re: Poll: Finance rate and was it from the dealer?
3.25% for 3 years from my credit union. Dealer heard that and just said, "That's a great rate. We can't touch that."
I was not going to finance, but I can make more money earning interest in the bank.
I was not going to finance, but I can make more money earning interest in the bank.
Enthusiast
Joined: Jul 2006
Posts: 32
Re: Poll: Finance rate and was it from the dealer?
6.0% for 6 years from my credit union. They were offering 5.50% for 5 years at the time. These rates went up by 0.25% after I locked in for 60 days and before my car was delivered.
Active Enthusiast
Joined: Jul 2006
Posts: 137
Re: Poll: Finance rate and was it from the dealer?
I know I'll get flamed, but 7.2% for 84 months. A LONG time, I know, but with it holding it's value I'm not worried. I had my last car for that loan term and after two years I sold the car AND made $2,500 (A 2003 Accord).
Last edited by lem144; Aug 30, 2006 at 11:15 AM.
Enthusiast
Joined: Aug 2006
Posts: 21
From: Acworth, GA
Re: Poll: Finance rate and was it from the dealer?
Credit union, 6.25, 6 years(we always make accelerated payments, this just locks us into a lower monthly payment). Also turned the loan into a Tax-edge loan(our cu name for it) so we can deduct the interest of our taxes.
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Active Enthusiast
Joined: Jul 2006
Posts: 64
From: SAN DIEGO
Re: Poll: Finance rate and was it from the dealer?
What a great rate! Can't touch that. Usually you only find that low a rate on a leftover from the big 3. When I started this I didn't mention my rate of 5.9% was for 5 years.
