Current Events > Is 2.9% APR good for 60 months car finance?

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Master_Kazuya
07/24/22 10:02:56 PM
#1:


It's the lowest dealer rate I can find for 60 months. Is it worth trying a bank/other loan for less or should I just stick with the 2.9?

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Darkprince21
07/24/22 10:03:53 PM
#2:


That's actually pretty good yeah. Especially during these times
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rideshort
07/24/22 10:04:37 PM
#3:


This is a new car? If your credit is superb, you better get closer to 0%. Wait till Labor Day.

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JuanCarlos1
07/24/22 10:05:17 PM
#4:


Are you getting a luxury car? Cause I only see that Apr with very expensive cars. Even we good credit we only got like 4% back in 2020 for just a tucson.

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Master_Kazuya
07/24/22 10:06:10 PM
#5:


rideshort posted...
This is a new car? If your credit is superb, you better get closer to 0%. Wait till Labor Day.

My credit is 770. Idk if I can wait til then, I literally do not have a vehicle (renting one atm)

JuanCarlos1 posted...
Are you getting a luxury car? Cause I only see that Apr with very expensive cars. Even we good credit we only got like 4% back in 2020 for just a tucson.

Nah, just a 2022 Corolla.

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JuanCarlos1
07/24/22 10:07:19 PM
#6:


Well under the current interest rise, that is a pretty damn good deal imo. Dont see how it could get any lower?

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rideshort
07/24/22 10:09:11 PM
#7:


Master_Kazuya posted...
My credit is 770. Idk if I can wait til then, I literally do not have a vehicle (renting one atm)

Ok cool. Check with credit unions to see what you can get. You're at the end of the month soon. So you could also negotiate for a better rate. Lastly, the further you are from metropolitan areas to get a new car, you may find better rates.

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CE_gonna_CE
07/24/22 10:15:52 PM
#8:


Thats quite good. Im at like 5.8%

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