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CaidensMommy
My 3 Miracles!
Member since 5/05 5777 total posts
Name:
Melissa
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car loans
Can you name some of the best places to get one? I need one for a used car for 72 months. We can't go with a credit union because they only do loans up to 60 months. The rate we got was 8.9% and that just seems too high!!!  Any suggestions as to where else we can go? Thanks!
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Posted 2/14/07 8:24 PM  |
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Kate07
Feel better my little guy!
Member since 5/05 4476 total posts
Name:
Kate
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Re: car loans
CapitalOne Auto Finance?
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| Posted 2/14/07 8:29 PM |
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Re: car loans
AAA gave me a great rate, but then Honda matched it.
Message edited 2/14/2007 8:31:26 PM.
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| Posted 2/14/07 8:31 PM |
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CaidensMommy
My 3 Miracles!
Member since 5/05 5777 total posts
Name:
Melissa
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Re: car loans
Posted by Kate07
CapitalOne Auto Finance?
Do you have a loan through them?
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| Posted 2/14/07 8:53 PM |
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CaidensMommy
My 3 Miracles!
Member since 5/05 5777 total posts
Name:
Melissa
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Re: car loans
Posted by -DonnaMarie-
AAA gave me a great rate, but then Honda matched it.
I don't have AAA. 
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| Posted 2/14/07 8:53 PM |
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sticklee
LIF Adult
Member since 8/06 2984 total posts
Name:
Stick
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Re: car loans
Posted by CaidensMommy
Posted by Kate07
CapitalOne Auto Finance?
Do you have a loan through them?
i do- i used the blank check. but i think they only go up to 60 months as well
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| Posted 2/14/07 11:55 PM |
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Shroggie
Don't Worry...Be Happy
Member since 5/06 6261 total posts
Name:
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Re: car loans
Posted by CaidensMommy
Can you name some of the best places to get one? I need one for a used car for 72 months. We can't go with a credit union because they only do loans up to 60 months. The rate we got was 8.9% and that just seems too high!!! Any suggestions as to where else we can go? Thanks!
8.9% is high! I work for a credit union, and we do car loans up to 7 years depending on the loan amount. 6 & 7 year loans are 5.74% at my credit union. It also depends on your credit rating. FM if you want.
ETA: This is for new & used car rates...both are the same.
Message edited 2/15/2007 12:50:36 AM.
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| Posted 2/15/07 12:31 AM |
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Re: car loans
Posted by CaidensMommy
Posted by -DonnaMarie-
AAA gave me a great rate, but then Honda matched it.
I don't have AAA.
I just checked their site, it looks like they use Capital one Auto Finance like someone else mentioned.
I don't know what the current used car rates are, but for $45 a year (pretty sure thats what I paid) membership it might be worth it!
LINK
8.9% seems high BUT used car rates are higher than new. Pretty sure our new car rate was 2.9%
ETA: Actaully I tried to cut and paste this from their site, lets see how it looks:
Today's AAA Discounted APR's3 as low as:
30-36 mos. 37-60 mos. 61-72 mos.
New Dealer 5.94% 6.20% 6.54%
Used Dealer 6.50% 6.80% 7.34%
Refinance 7.15% 7.15% 7.65%
Lease Buyout 7.70% 8.20% 8.80%
Person-To-Person 8.20% 8.40% 9.20%
Message edited 2/15/2007 12:44:42 AM.
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| Posted 2/15/07 12:38 AM |
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JenniferEver
The Disney Lady
Member since 5/05 18163 total posts
Name:
Jennifer
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Re: car loans
I'm not sure, but this is why we ended up with a new car when we went for a used one. We were going to get slammed with a 13% rate for the used car (we're young, short credit history), but we got a promotional rate of 3% on a new car, making it a lot more affordable in the long run.
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| Posted 2/15/07 2:29 PM |
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ODonnell
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Member since 9/05 5983 total posts
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Re: car loans
Posted by Shroggie
8.9% is high! I work for a credit union, and we do car loans up to 7 years depending on the loan amount. 6 & 7 year loans are 5.74% at my credit union. It also depends on your credit rating. FM if you want.
ETA: This is for new & used car rates...both are the same.
That's an amazing rate! Can you say which credit union? The best rate my credit union had for the last year was 5.84% (and that was getting a % discount for direct payment).
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| Posted 2/15/07 3:05 PM |
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angnick
Life is So Wonderful!
Member since 8/06 6663 total posts
Name:
Angela
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Re: car loans
try state farm.
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| Posted 2/15/07 3:07 PM |
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Shroggie
Don't Worry...Be Happy
Member since 5/06 6261 total posts
Name:
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Re: car loans
Posted by ODonnell
Posted by Shroggie
8.9% is high! I work for a credit union, and we do car loans up to 7 years depending on the loan amount. 6 & 7 year loans are 5.74% at my credit union. It also depends on your credit rating. FM if you want.
ETA: This is for new & used car rates...both are the same.
That's an amazing rate! Can you say which credit union? The best rate my credit union had for the last year was 5.84% (and that was getting a % discount for direct payment).
Sure, Nassau Educators FCU. 5.74% is if your credit rating is 750 or better. The rate doesn't change that drastically if it's lower though.
We even have a promo going on right now where you get .25% off of that rate.
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| Posted 2/15/07 3:34 PM |
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