What interest rate are you getting?

[jmaryt]

Originally Posted by GT/86

My Deal was 60 month 10.83% No credict no Job. I'm still Unemployment right now with a brand new FR-S i love America I got approve after I drive the car home that is why this economy is going down hill lol

this is true! that's really f**ked,BUT you got yourself your dream car! ehe! he! he!

[redwing634]

1.49% from penfed. However when I was finalizing the purchase at Toyota, the financing lady said she would have also offered me the same rate that penfed did. Guess I should have double checked first!

[jmaryt]

Originally Posted by Tt3Sheppard

Damn I got screwed hahaha

yes! unfortunately! you also got "slammed" again because of no deduction
of interest,but that's been gone for years now anyway!..just sayin'

[Huss]

LMFAO at the guy with 10% that's a lot.


Gonna find out today my civic is 4.9% with 5k down

[kodyo]

Originally Posted by BrewCity-FR-S

0% for 0 months, paid cash in full :-)

If you can invest your money at a higher interest rate than the loan, then you are losing money on that deal.

Mine was 3.45%. I have 0 credit.

[Enraged21]

For those of you with 0 credit, how'd you get approved? I myself have 0 credit as well but with a co -signer around ~650 credit, they're offering me 16% in interest. That's too high.

[powerj2]

5.99 over 72 months. my first car on my own. Traded in a kia forte. Live in canada.

[Noob4Life]

21 years old, no cosigner, 5.99% over 6 years

[mxsled]

4.9% for 5 years

[shawnperolis]

22 years old, 4.9% for a 7 year loan. No cosigner.

[KSC]

To all the guys with high interest rates, don't feel bad. My first car, without a stitch of credit was like 14% or some shit. I had the most expensive Tiburon on the planet!

My next car I paid around 5.5% and the BRZ I got for 2.71%, so things get better as you get older. Well, some things do, anyway. Most just get worse!

[Mandy]

I got ass raped. I put 12k down just put another 5k on it because I don't want to pay 4.3.

[frslee]

25 yrs old, 48 month, 3.24%
First purchase on my name with no cosigner.

[fistpoint]

Originally Posted by BrewCity-FR-S

0% for 0 months, paid cash in full :-)

Bastage, I came to type that too.

I'd say anything 5% and under and assuming you aren't financing more than $15k isn't too bad. More than that and you should be saving for a larger down payment to offset the interest.

The last 2 loans I had were 7.9%(14 years ago, rates were higher for everything) and 4.9%(10 years ago), both at 60 months. The loan amounts were $12500 and $14400 respectively. I also put 30% and 40% down for those cars. There is no way in hell I'd have wanted a higher loan with those rates.

Had I put $4000 less down on the $14400 loan, I would have paid 50% more interest over the 60 months at 4.9%. The higher your interest rate, the more you need to put down. If you can't, then there's always Corollas and Civics.