to those of you with good credit...

[kwood9000]

1.49%, 60 months, at PenFed.

[bdbx18]

Originally Posted by kwood9000

1.49%, 60 months, at PenFed.

Same here ! For the full amount as well. At this rate, you should borrow as much as you can handle and drag it out as long as possible. If they have a 10 yr loan for 1.5, I would opt for that too. It's good business sense while you hopefully can earn a greater ROI with your own money.

[ziptiespec]

Another PenFed member here. I opted to use their car buying service to access the 0.49% rate. The caveat is that the term is 48 mo. Not an issue for me as I want to pay the car off sooner than later.

[UPSed]

Originally Posted by UltraFRS

Dealer said 2.9, about a week later I got a letter from Toyota that said they were going to drop it to 2.4.

Same here.

[eXtreme Burrito!]

Originally Posted by bdbx18

Same here ! For the full amount as well. At this rate, you should borrow as much as you can handle and drag it out as long as possible. If they have a 10 yr loan for 1.5, I would opt for that too. It's good business sense while you hopefully can earn a greater ROI with your own money.

Ten years?


Even if it's at 1.5 percent...that seems like an awfully long time to bet on always being employed and making enough money to pay off a car. Not to mention, the rate at which you paid it off almost ensures that you'd never build substantial equity in the vehicle should you ever want to trade it.



To each their own though.

[DarkSunrise]

0% for 36 mo, but only up to $10k. This was through TFS.

[Got3n]

2.9 from ssfcu

[bdbx18]

Originally Posted by eXtreme Burrito!

Ten years?


Even if it's at 1.5 percent...that seems like an awfully long time to bet on always being employed and making enough money to pay off a car. Not to mention, the rate at which you paid it off almost ensures that you'd never build substantial equity in the vehicle should you ever want to trade it.

To each their own though.

I'm quite a bit older than the demographics here but in business, it's all about leverage. For a 10 yr loan, your payments are a lot lower too so you can put your money to work elsewhere and eh, not spend it. It's a moot point though since they don't offer a 10 yr loan unless it's a Diablo or something.

[gunmetal5]

Age: 27
Sex: Male
Credit Score: 831
APR: 2.49%

I went with my credit union, Wescom for a rate of 2.49%. I was telling toyota if they match my rate I'll go with them but they were not biting.

[Deebeaux]

33, Male, 1.9% 5YR at TFS. Credit score is 780-ish. 3rd vehicle financed with TFS, not sure if that matters.

[gily25]

Length of loan will matter also some will depend on how much of a down payment you can put down since the LTV ratio will be better. 20% down with mediocre credit should qualify for 2.9-3.2% worst case...doubtful you'll be declined with 20% down unless you're a few months out of bankruptcy or something. I saw some people get 0% by shopping around but the average "best" rate I've seen in these threads is the .9%

[Dave-ROR]

1.94, credit score in the 800s, this was when PenFed was 1.99, now I would expect Subaru Finance (aka Chase) to do 1.44 or similar to get the business.

[feldy]

29
750 score

got 2.75 from a local bank. Toyota told me that Toyota financial would not beat 3.5 or whatever.

[pheoxs]

23
774 score he said
2.7 / 36 month through toyota