interest rate may depend a great deal on the term length.
And another option may be a equity line of credit.
when I bought our trailer in 2010 I was able to get an interest rate of <4% using my equity line of credit. Since at the time I was getting close to 4% tax free yield from stock dividends rather than cash I did the loan,
When I bought our Denali in 2015 a 3 year term financing the whole purchase price using my bank was 2.5%. Again, less interest than tax free dividend yield on the investments I would have sold.
Yes, payments were high, but it was a good rate and I had more than enough cash coming in to do the payments
In both cases having automatic payment every month from checking reduced the interest rate and got rid of the hassle of sending off a check.
Today with likely interest rates, If I had to finance I'd go for term that gave the lowest interest rate.
And I don't know about today, but when we bough the trailer and truck interest rates on used trailers or vehicles was definitely higher than new. No way would it make of the difference in price, but interest rates were definitely higher
