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S_Davis's avatar
S_Davis
Explorer
Sep 28, 2019

New truck intrest rates

For anyone that has purchased a new truck recently, what kind of interest rates are you being offered? I know it will vary depending on credit score, I am trying to negotiate a new truck.

I was offered 6.99% at which point I told the salesman that was not going to happen, he said hold on I will see if I can get lower. He called back about 10 minutes later offering 4.99%, I told him that was higher than I wanted to go and I would think about it.

I got a call on the answering machine this morning from the manager to call him back. Letting him stew for a bit.
  • With banks paying .5% on savings accounts all I'm gonna go is 1%.

    I just bought a new farm tractor 2 weeks ago and got 0% financing with 0 down for 56 months. Vehicles can do the same as well but I'll give them 1% max.
  • It also depends on the particular truck, year & model. I'm paying 2.49% on a 2018 F 150 purchased July, 18 through my credit union. Dealer got down to 3.2% after some discussion...
  • S Davis wrote:
    For anyone that has purchased a new truck recently, what kind of interest rates are you being offered? I know it will vary depending on credit score, I am trying to negotiate a new truck.

    I was offered 6.99% at which point I told the salesman that was not going to happen, he said hold on I will see if I can get lower. He called back about 10 minutes later offering 4.99%, I told him that was higher than I wanted to go and I would think about it.

    I got a call on the answering machine this morning from the manager to call him back. Letting him stew for a bit.


    Let us know how it will turn out.

    If you have been able to hold on bit, the final quarter is the time when dealers are trying to dispose off their 2019 inventories and would even give it at zero interest.