Current Interest Rates?

[Rusty Sheckelford]

5.49% with USAA. My dealer isn't even bothering with offering their rate, my salesman said they can't beat that lol

Damn, I thought I was killing it when I financed my mustang for 3.4%... I should have asked USAA for a quote.

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[Fmuguira]

And don’t lose sight that Fed will very possibly have 2 more rate increases this year….. so good loan rates are much farther and fewer between. I think the new Fed rates should be called “Feel the Burn” …

 

[telenerd]

And don’t lose sight that Fed will very possibly have 2 more rate increases this year….. so good loan rates are much farther and fewer between. I think the new Fed rates should be called “Feel the Burn” …

 

[graham5david]

3.9 last week at my credit union. The key to good rates is to build a relationship over time with your bank and preferably a banker.

 

[PhillySpecial18]

5.49% with USAA. My dealer isn't even bothering with offering their rate, my salesman said they can't beat that lol

I’ll probably do the same. When was this and how’s your score?

 

[MLRey]

Will probably go with my Credit Union. Haven't decided if I'm going with 48 or 60 month. The 48 month rate is 4.89% and 60 month is 5.64%. Putting about half down and if I go with the shorter loan it's about $130 more a month. Probably doesn't matter that much either way.

 

[Traveling.Gaijin]

I’ll probably do the same. When was this and how’s your score?

April 6th and I'm just over 800

 

[jon]

3.9 last week at my credit union. The key to good rates is to build a relationship over time with your bank and preferably a banker.

My rate will be 0% but I found 5.29 as USAA. The smartest is to not have a car payment at all, ever. If you want to be sure you are never wealthy just keep making payments the rest of your life. I have made way too many costly mistakes in life to pay even more for my Bronco.

 

[BroncoA512021]

You’re in a bronco forum lecturing people about what are important things to spend their own damn money on…

You sound so stupid

Stupid is the people who do not take advice of smarter people......... Still living in mommy's basement?

 

[BroncoA512021]

I'm with you on the (unsolicited) advice to avoid loans over 60mo; But this is ridiculous. You should always look to maximize how far your money goes.

That is why you borrow long for an appreciated asset, not a depriciating one. It is one thing to borrow if your money can earn more in another investment- but in this case - it cannot.... Always buy real estate 1st, 2nd and etc.... Fun cars come later and easily.

 

[BroncoA512021]

At my school, we teach a personal finance class. Doesn't mean kids pay attention, though.

At least it is taught... Keep up the good work.

 

[BroncoA512021]

I'm curious, did you apply for the loan knowing that the rates listed on their website were that high and then you just happened to get a lower rate? For me, I'd look at their listed rates and just move on. To me, if there's lower rates available, they should be listed on their website.

1% of people qualify for the best rates available due to credit scores etc.

 

[chaosrob]

It was insanely high when I went to buy, I think locally I got 6 or so instead of Ford at 7%, I just paid it off outright. it's a considerable amount of interest. I had my JL paid off so I just used that towards it.

I did the same thing. Interest rates are out of control. When they are low it pays to use other peoples money but the current market makes using your own far more attractive

 

[Rspayde]

I think any thread relating to interest rates should just be titled "the boomers say to just pay cash"

 

[GearHd6]

1% of people qualify for the best rates available due to credit scores etc.

I get that but, bank websites always list their best rates available for the best credit score (they even disclaim that in the fine print). That banks website was showing about 2% higher than that person said they got. That just seemed odd to me that the bank wouldn't list their best rate on the site.

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