I got 2.65% for 6 years with no penalty from a credit union.

I would get quotes from some other banks. My dealer offered 3.5% and I had a letter from Bank of America @ 2% and the dealer matched it through Capital One with no pre-payment penalty since I plan on paying the car off in 24 months.

Even my local credit union was higher than BoA. But I also have top tier credit (over 800).

mine is 4.49 w/ no credit and my mom as cosigner with near perfect credit. I will refinance a year or so later as my credit goes up.

2.99 with the wife and I on the loan. Not bad for a used car.

I got 2.9% for 60 months with a local bank.

My last 4 SUV's have all been 0% for 60 and cost twice as much as my BRZ, go figure.

Rates are going up on mortgages, car loans, etc. We have really been spoiled in recent years.

Yeah thanks for the advice!! Well I went and left the dealer in the same car I drove in. Well my credit is at 648, but there was something I didn't have which was no auto loan history. I didn't even ask my mom to co-sign cause I know she has a not so great history.

Their APR was stupid high around 18% :cry: they bumped it up to $31k asked $2500 down and $741 a month (guessing 60months) So I decided what my credit union would say. They said about the same thing as the dealer, but here's what they suggest. I need to be with my current job for 6 months (been only working for 1.5 months) and have a co-signer w/ good auto loan and they quoted me at 7.25%. Or if I wanted to do it by myself, get a loan for a used car between $5k-$10k and have it for a minimum of 6 months.

Suffice to say it was a learning experience. Oh we'll there will always be another car. Now I know what I need to do 2nd time around.

Kudos to you for not buying something that does not make sense. Everyone has to start somewhere. The good news is that a good used Honda, Mazda, Toyota, etc will not depreciate much in a year or so. I the meantime you can build up credit and save more for your FRZ.

Don't know what you are looking for, but Mazda 3's are great used cars. Good gas mileage, still fun to drive, reliable, etc.

i got 1.9

Also got 1.9%

Just tell the dealer you have X% APR arranged elesewhere and ask them to beat it.

Yeah I'm thinking over what used car I want. Has to be manual (need to practice lol) and a fun car. S2K? Lol

S2K is am awesome car, but finding a gently used one will not be cheap and repairs are not cheap. A used Miata would be a great choice. You will have no problem finding lightly used ones and they are a blast to drive.

Hmm, my brother in law has one.

What's your credit score? Dealership doesn't care because they're getting paid. They don't care if you put 0 down or $10k down, as long as they get paid (the larger down payment helps with selling a loan if you have bad credit though). They're probably also getting a kickback on that rate from the lender.

You're ok paying extra just because it's fair enough? If someone were selling the same car across town for $500 less, would you have been like, eh, this process is fair so I'll buy it here anyway?