Im buying a new car

[seansloan]

I got 1.9% for 72 months. Have car loan rates really gone up so much? Treasuries and Fed funds certainly haven't.

yeah,youre right.I meant more for me I guess.I defaulted on my student loans about 7 or 8 years ago and took a few years to get everything back on track,so Im still not expecting "prime" rates.

[BulldogWrestler]

What did you end up getting? I missed it on the live play by play...

[seansloan]

What did you end up getting? I missed it on the live play by play...

Gmc terrain Denali

[BulldogWrestler]

Bummed you didn't go after the Suburu.

[seansloan]

Love subarus,not ready for a station wagon yet

[Wahoo08]

I got 1.9% for 72 months. Have car loan rates really gone up so much? Treasuries and Fed funds certainly haven't.

I had an 11% interest rate on the auto loan for the car I bought out of college. 60 month loan that I paid off in half the time. I think the interest had more to due with my lack of credit than bad credit per se. Hopefully paying off that loan will help me out with the next loan I take out.

[Guilty]

Under 3 or 4 for 72 months ain't happening anywhere these days

Cause of your credit or what? I got 2.99 for the life of mine in October.

[Guilty]

yeah,youre right.I meant more for me I guess.I defaulted on my student loans about 7 or 8 years ago and took a few years to get everything back on track,so Im still not expecting "prime" rates.

Should have read the thread first

[danl08]

4.9% a fine deal.Thanks for all the help folks.I'll post a pic over the weekend.

Congrats!

Buying a new car has to be one of the most difficult processes you will ever go through. They intentionally make it take far longer than it needs to be. I usually negotiate the price before ever walking in. I also make sure to go to Carmax ahead of time and get an offer from them to use against the dealer when they try to lowball you on the trade-in. There is a great online site that was written by a former car salesman who gives you tips on how to get in, get hte price you want and get out of there quickly.

[BulldogWrestler]

I had an 11% interest rate on the auto loan for the car I bought out of college. 60 month loan that I paid off in half the time. I think the interest had more to due with my lack of credit than bad credit per se. Hopefully paying off that loan will help me out with the next loan I take out.

It also probably had a lot to do with a slimey dealer who just wanted to fvck you royally.

No credit at all does NOT equal 11%. You were taken advantage of.