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SVTPerformance's Chain of Restaurants
Road Side Pub
More than half of all new car loans in Canada financed for 84 months
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<blockquote data-quote="97WHITEVENOM" data-source="post: 16042122" data-attributes="member: 55003"><p>The other thing to look at is on a 50,000 vehicle at 5% interest over 5 years you are looking at $5,000 in interest. When I bought my Ram 1500 buying new was cheaper because after the ridiculous rebates new was a few thousand dollars more expensive than used. It was very close to a wash when you account for the fact that I got 0% interest rate. You will never get 0% on a used vehicle, but it is pretty common on a new vehicle now a days.</p><p></p><p>What are used vehicle interest rates now a days for someone with perfect credit? I think my first auto loan on 08 on a used 06 was like 3% for 5 years.</p></blockquote><p></p>
[QUOTE="97WHITEVENOM, post: 16042122, member: 55003"] The other thing to look at is on a 50,000 vehicle at 5% interest over 5 years you are looking at $5,000 in interest. When I bought my Ram 1500 buying new was cheaper because after the ridiculous rebates new was a few thousand dollars more expensive than used. It was very close to a wash when you account for the fact that I got 0% interest rate. You will never get 0% on a used vehicle, but it is pretty common on a new vehicle now a days. What are used vehicle interest rates now a days for someone with perfect credit? I think my first auto loan on 08 on a used 06 was like 3% for 5 years. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
More than half of all new car loans in Canada financed for 84 months
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