What APR is every1 getting

[92LX5.0]

just curious, Ford is offering me 7.4........ Sounds a little high for some1 with good credit.

 

[Cobra'03]

Well, my credit is also excellent - all 1's. Whyen I told the Finance guy at the selling dealer that I was financing only 2/3, and had decided to go with my Credit Union at 6.0%, he offered 4.9! So 4.9 it is!

 

[CWCobra]

Try a home equity line of credit instead of a conventional auto loan. Rates often as low as 5%, and tax-deductible, too! That makes the after-tax cost something around 3.5%.

Peace,
Cw

 

[Cobra'03]

Originally posted by CWCobra
Try a home equity line of credit instead of a conventional auto loan. Rates often as low as 5%, and tax-deductible, too! That makes the after-tax cost something around 3.5%.

Peace,
Cw

Only downside is that you are securing the loan with your home, and when the market is doing well, you are losing the use of the money is a manner that often will exceed any interest deduction benefits. Right now, though, I agree it is an option.

 

[[sky]03cobra]

went through my bank... laughs to ford that wanted 8 percent.. bank gave me 5.75%

 

[Sonic03]

I got 8%...

 

[p3pete]

5.4 with local credit union.
Good luck!
Pete

 

[92LX5.0]

thanx every1, maybe I need to look into a credit union. Or play head games with the dealer

 

[Undy]

5%.. local credit union..

 

[wuplash]

i'am doing mine on a 6yr at 6.75% from my credit union.a 5yr would of been 5.99%.

 

[Red2k3cobra]

I got 6.9 % for 5 years from Ford Credit

 

[Randee of the Redwoods]

Scored 5.75% for 72 months. WOOHOO!

 

[bassin247]

7.9% for 60 months. I will be refinancing shortly.

 

[Snoker]

I looked at the interest rates, the stock market decline and the poor return I was receiving on my cash in my savings account. My decision was cash. So now a little lighter in the savings account, but can still continue to invest (dollar cost averaging) in my funds and other investments. Not for everyone, but a lot easier on my mind.

 

[Rob03]

5% with Sun Trust Bank for 60 months.



Cheers, :beer:
Robert

 

[eddy z]

i got from the bank on auto loan of 5 yrs at 6.3%

 

[RED '03]

5.75% for 5 years at local C.U. back in June. Ford Motor Credit wanted 7.5% with an excellent rating.

 

[mike99]

4.89 % for 60 months - they beat the rate I quoted them from PeopleFirst Bank ( they have ads on-line at various car sites...).

 

[92LX5.0]

Originally posted by mike99
4.89 % for 60 months - they beat the rate I quoted them from PeopleFirst Bank ( they have ads on-line at various car sites...).

ford gave u that APR?

 

[CobraCraig]

:beer:

5.8% through my credit union.