What do you consider a good interest rate on a new car in this economy? (Full Version)

All Forums >> [Life] >> Finances



Message

lightshineon -> What do you consider a good interest rate on a new car in this economy? (5/15/2008 9:46:58 AM)

I know what a good rate was before economy break down. I am buying a car, and loan is 5% is that bad, good, fair in todays economy? Should I try for better?



Miss Giggles -> RE: What do you consider a good interest rate on a new car in this economy? (5/15/2008 10:45:57 AM)

5% is about the lowest you can get right now due to the "credit crunch". New and used are around the same rates. Used to be lower on new cars.

bankrate average is 6.8%.



lightshineon -> RE: What do you consider a good interest rate on a new car in this economy? (5/15/2008 2:30:02 PM)

Thank You, I am not very smart to due with money matters. My husband is, but he is a worlaholic, and I do not see him in time to ask.
quote:

ORIGINAL: Miss Giggles

5% is about the lowest you can get right now due to the "credit crunch". New and used are around the same rates. Used to be lower on new cars.

bankrate average is 6.8%.



GroupW -> RE: What do you consider a good interest rate on a new car in this economy? (5/15/2008 2:35:12 PM)

quote:

ORIGINAL: lightshineon

I know what a good rate was before economy break down. I am buying a car, and loan is 5% is that bad, good, fair in todays economy? Should I try for better?

5% sounds excellent for a 3/4 year loan. What's the term?

Edit: Capital One does internet-based lending and typically finances the best credit scores at the lowest rates. Their best rate today is 5.19% APR. I'd say 5% isn't too shabby! Congrats on having a good credit score apparently.



lightshineon -> RE: What do you consider a good interest rate on a new car in this economy? (5/15/2008 2:56:49 PM)

Thanks, do not know what score is, i know so far not late on morgage ever, and paid two cars off, not late. I always forget the water bill due every two months (lol). I will have to look at term. I am not good with finance things. Just pay bills, my husband is better, Thank Goodness, but thank you.
quote:

ORIGINAL: GroupW

quote:

ORIGINAL: lightshineon

I know what a good rate was before economy break down. I am buying a car, and loan is 5% is that bad, good, fair in todays economy? Should I try for better?

5% sounds excellent for a 3/4 year loan. What's the term?

Edit: Capital One does internet-based lending and typically finances the best credit scores at the lowest rates. Their best rate today is 5.19% APR. I'd say 5% isn't too shabby! Congrats on having a good credit score apparently.



christsstar -> RE: What do you consider a good interest rate on a new car in this economy? (5/15/2008 3:08:22 PM)

5% is really good. Both of my cars are between 8 and 10% I think (I dont' remember ... shame on me).



lightshineon -> RE: What do you consider a good interest rate on a new car in this economy? (5/15/2008 6:04:16 PM)

Do not worry, I need wisdom, in this area, if not for mt husband????????????
quote:

ORIGINAL: christsstar

5% is really good. Both of my cars are between 8 and 10% I think (I dont' remember ... shame on me).



Page: [1]



Forum Software © ASPPlayground.NET Advanced Edition 2.5 ANSI