who has finance a new car recently??

[Louisiana_CRX 5,000+ posts]

my 06 Saleen was financed for 36 months but I paid it off in less than 2 years...I think it was 2.9%

 

[DBBOOM 10+ year member]

my Saleen was financed for 36 months but I paid it off in less than 2 years...I think it was 2.9%

What do you do for a living? Or did do, whatever.

 

[John3000 10+ year member]

Sometimes it depends on a few things...1. Credit Score 2. Finance manager trying to make profit.

When I was in the process of purchasing my Nissan Titan the finance manager came back with some crazy *** interest rate like 8%, I told him that was way to high and I didn't want the truck. Told my salesman and the General Manager was there as well and he kinda *****ed the finance manager out and I got a 4% rate. Remember, the finance manager gets paid of what kinda interest rate they give you and if he is looking for a bonus watch out!

 

[rippinitup7 10+ year member]

04 ram quad cab

financed 17k @ 5.25% for 60 mo. = $328 payment

something to consider...

if you want an interest rate under ~5% you will have to go new, it's just like a standard with a used vehicle it will have a higher interest rate....for the most part.

 

[wu36ca 10+ year member]

06 Civic Si. bought in September 2006. My rate is 5.85% I think. Got the loan through a credit union. Honda Finance couldn't come in the vicinity of that rate.

 

[iamamp3pimp 5,000+ posts]

I want to know what interest rate and for how long did you guys finance your latest car. Also the price and model.
KTHNXBYE

2007 galant

asking was 16,499, out the door for 10,500

5.25 years @ 6.54% and th epayments come out to 201/mo

i pay 171 every 2 weeks, and accordint to one of those early payoff calculators, it will be paid off in 33 months, shaving 30 months off the loan.

 

[iamamp3pimp 5,000+ posts]

i was about to get financed threw the bank but me and the dealer worked out a lil deal so i'm just giving him payments under the table.. but the loan was gunna be for 12000 for a 02 tahoe lt... payments woulda been lil under 400 and i think he had said for 3 years... he told me it woulda been 5% i'm pretty sure he said... what ever it was he said it was the best they can do... this was dec 3.

hes screwing you

your "deal" will not be reported to the credit companies, therefore, this loan will not positively effect your credit.

default on it, and it will negatively effect your credit

buy here pay here is the worst thing you can do really....that and being upside buying another car

 

[iamamp3pimp 5,000+ posts]

i learned a lot about buying vehicles, and getting a good deal on them as well, and by a good deal, i mean paying less than the car is actually worth when you bought it (including interest) by the time its paid off.

 

[DEdwards 10+ year member]

If you need to do a buy here pay here...make sure they report to all 3 credit companies...there are some out there that do....I know we pay alot each month to be able to at the dealership I am a manager at.....as for the "under the table" payments, there is no way I would do that as a consumer(they can come and get the vehicle if you cause any fuss at all and you don't have any paperwork backing you up in court)

 

[00stang49660 10+ year member]

How do you guys justify paying that much for a vehicle? Yes i understand it would be awesome to have a new vehicle but if you look at how much they go down in value the first 2 years you have it, it's almost enough to make you sick. Especially like Kia's they drop a ton in value.

 

[iamamp3pimp 5,000+ posts]

thats why i stuck to 200/mo payments homie

i think paying 490/mo for a car that will not be worth anything in the last year of the loan is just crazy