price and interest of your loan
04-10-2006, 01:39 AM
#1
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price and interest of your loan For you guys that bought your cars used and with a loan, which financing company did you use, what was your interest rate, loan term, monthly payment, and how would you rate your credit?
Trying to get a loan with low interest. The lowest i've found is 9.5%. For the T/A I owned I got 7.5% last time with the same company, seems kinda odd to me.
Any input is apreciated, thanks.
Trying to get a loan with low interest. The lowest i've found is 9.5%. For the T/A I owned I got 7.5% last time with the same company, seems kinda odd to me.
Any input is apreciated, thanks.
04-10-2006, 01:57 AM
#2
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I use GoldenOne Credit Union. 5.89% for 36 months, and i have a little under $10k left that I hope to pay off this year. My FICO score is 755.
By the way, interest rates have been going up consistently, so that's why you aren't getting as good of a loan.
By the way, interest rates have been going up consistently, so that's why you aren't getting as good of a loan.
04-10-2006, 02:06 AM
#3
I bought my car from a nissan dealership here in town so my car is financed through NMAC, but my previous car was also financed through them so they automatically approved me with tier 1 credit. I bought my t/a in november with an 8% interest rate, not bad for a used car these days.
04-10-2006, 08:19 AM
#5
I got 5.75% on mine. Financed about 14,800 with taxes and all bullshit. This was in Feb. 2005 for my 2000 Trans Am. I wasn't expecting it to be that good. I bought the car about 180 miles away in Lancaster, OH. But the bank I bank at is statewide. I told the guy where I banked, and he's like "Oh yeah, that's one of our best lenders right now." He took my info and said he'd start the process, unless I wanted to bring my own financing. He said "Most people that view our stuff online bring their own financing, but we can usually beat that." I was expecting to get declined for the loan. Me = Pessimistic. I drove down early Saturday morning to buy it. He called on the way there and said I was APPROVED and said he got it at 6.25%. Half hour later, he called again and worked it down to 5.75%. YEAH!!!!
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04-10-2006, 02:59 PM
#8
Well i bought my camaro in cash, but my impala ss was bought on a loan about 4 1/2 years ago. I had JUNK credit, so my dad had to cosign for me with very good credit. He was 1 point away from perfect according to the dealer, they would not let my name appear first on the loan though, i had to be the second on the title cause of my crappy credit (long story not my fault). The dealer with through GMAC i beleive and got me a lil under 9%. We went to our bank and they got me right around 7%. on a 4 year loan.
04-10-2006, 05:37 PM
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Mine was put on a Credit Card, 5% interest rate I hope to have it payed off soon.
Does anybody know the fastest way to check your credit score without hurting your credit rating? I dont need a full report or anything. Does closing some credit cards raise your chance of getting approved for something else?
Does anybody know the fastest way to check your credit score without hurting your credit rating? I dont need a full report or anything. Does closing some credit cards raise your chance of getting approved for something else?
04-10-2006, 05:37 PM
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Originally Posted by 89KARR
I got 5.75% on mine. Financed about 14,800 with taxes and all bullshit. This was in Feb. 2005 for my 2000 Trans Am. I wasn't expecting it to be that good. I bought the car about 180 miles away in Lancaster, OH. But the bank I bank at is statewide. I told the guy where I banked, and he's like "Oh yeah, that's one of our best lenders right now." He took my info and said he'd start the process, unless I wanted to bring my own financing. He said "Most people that view our stuff online bring their own financing, but we can usually beat that." I was expecting to get declined for the loan. Me = Pessimistic. I drove down early Saturday morning to buy it. He called on the way there and said I was APPROVED and said he got it at 6.25%. Half hour later, he called again and worked it down to 5.75%. YEAH!!!!
04-10-2006, 09:13 PM
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Im 19...took out a $16,500 loan to cover cost of car, taxes, 6 months of insurance, and new summer and winter tires...one year loan, no monthly payments just has to be payed off by the one year mark.. 7.5% interest...I have aout $4k left to pay by the end of august....oh my parents have better than great credit and were the reason I was able to get lower interest and no monthly payments on my loan...it is through my personal bank.
04-10-2006, 09:15 PM
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Originally Posted by cabech984
Mine was 5.49% @15100 after tax & Title. 5 Year loan @ 315 a month.
04-10-2006, 10:52 PM
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I financed my 2000 SS (M6, leather, black on ebony black, t-top, etc.) with my personal bank. I got it for $15,300 w/ interest, ext'd warranty and under my name. I got above average credit. My interest is ONLY 3.8% for 60 months. Plan to pay her off in 4 or sooner. Pymts are $282/mth. Got a SWEET DEAL!!!
04-10-2006, 10:58 PM
#18
Originally Posted by GoldenBird
Hey, did you ever run a CarFax on that thing? Just curious if you know offhand if it came out of Mass or was ever registered or offered for sale there. I was in the market for my LS1 in Jan-Feb '05, and it was a coin toss between my '01 Z28 and a MMR '00 TA that looked just like that. Test drove it twice, punched all the numbers, but I ended up leaning towards the Z28 and when I told them I wasn't gonna be getting it, it disappeared and I've never seen another like it. I know it went off somewhere because it was for sale about 6 months and was just gone days after they nearly sold me on it. Just curious....
Originally Posted by 89KARR
I got 5.75% on mine. Financed about 14,800 with taxes and all bullshit. This was in Feb. 2005 for my 2000 Trans Am. I wasn't expecting it to be that good. I bought the car about 180 miles away in Lancaster, OH. But the bank I bank at is statewide. I told the guy where I banked, and he's like "Oh yeah, that's one of our best lenders right now." He took my info and said he'd start the process, unless I wanted to bring my own financing. He said "Most people that view our stuff online bring their own financing, but we can usually beat that." I was expecting to get declined for the loan. Me = Pessimistic. I drove down early Saturday morning to buy it. He called on the way there and said I was APPROVED and said he got it at 6.25%. Half hour later, he called again and worked it down to 5.75%. YEAH!!!!
I got 5.75% on mine. Financed about 14,800 with taxes and all bullshit. This was in Feb. 2005 for my 2000 Trans Am. I wasn't expecting it to be that good. I bought the car about 180 miles away in Lancaster, OH. But the bank I bank at is statewide. I told the guy where I banked, and he's like "Oh yeah, that's one of our best lenders right now." He took my info and said he'd start the process, unless I wanted to bring my own financing. He said "Most people that view our stuff online bring their own financing, but we can usually beat that." I was expecting to get declined for the loan. Me = Pessimistic. I drove down early Saturday morning to buy it. He called on the way there and said I was APPROVED and said he got it at 6.25%. Half hour later, he called again and worked it down to 5.75%. YEAH!!!!
04-11-2006, 04:12 PM
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Originally Posted by bww3588
dang....im 18 and have zero credit. i tried to get a 3500 loan to make up the difference on what i couldnt pay in cash on an 8500 1998 Z28 and it was gonna be a 4 year loan with 11.99% intrest........i even had a cosigner