finance rates
thinking about trading my class a on a new class a whats a good intrest rate with good credit
Forum Discussion
- Rates are subject to many things...amount, time of loan, credit rating, location, etc...
If all is optimum, I would think 3.75 or lower.
Ron - So many factors in this. I prefer less than 3.5%
- It's negotiable people. When can you learn, you own the bank! They don't own you. Tell them what you'll pay and play one against the other. Ours is O% on a Prius and the house is 2.75.
- The 0% game is just a nice way to back load your interest and think you're getting something for nothing. With today's rates most of the time if a rebate is offered that's a better way to go.
I'm currently truck shopping. I can get either a $2250 rebate or 0%. With the $2250 rebate my interest rate is 1.89%, total finance charges will be around $1500, if I don't pay it off early. I typically do pay them off early.
The reality is that 0% would only cost me $750 MORE than 1.89%. :w If I pay it off early that $750 number grows even bigger, making that 0% even more expensive.
With most consumers today going 60 months on the loan take a look at the payoff amount at 36 months with the rebate vs 0% and that 0% gets even more expensive.
There is no such thing as free - ever. But as always, everyone needs to run the numbers themselves and see what works best for them.
