Good Loan Interest Rate Currently?

[Last Ride Bronco]

I know interest rates are going crazy right now. I feel very fortunate that I was able to obtain my loan when rates were still good (1.85%). What are good rates now?

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[coadr]

Wasn't on a Bronco but I just helped a friend with a 750 credit score on a new car purchase and they were given the options of 5.99%@60/72 or 6.24%@84. Used would likely be 1-1.5 points higher based on some research, and likely double digit rates for anyone with mid-tier credit. Definitely makes purchasing any vehicle nowadays painful.

 

[Rick Astley]

Www.fool.com

 

[RagnarKon]

If you are in somewhere in the ~3% range that's a great loan right now. Most of the "good" loans right now are low 4% in my experience.

 

[RC Bronco]

First vehicle I bought from a dealer, first loan, have great credit score over short period of time... 5.39% over 6 years... Not great, but from all the research I did, I couldn't find anything under 4.5% for a 5 year loan (and I doubt I would have been eligible for this rate)

 

[thenewjs]

Got 4.3% last week for 72 @ NFCU. I'm a lil sick since my first 2 loans with them were under 2%. Wife told me not to stress cause she's knows how much I hate debt and will pay if off much sooner.

 

[khudgi]

our credit union is at 3.4% with 740+ credit score for up to 66 months

 

[Sethtsmith]

My CU (Eglin Federal Credit Union) is offering the following with good credit as of today:

New or Used Up to 15 Years Old	66 Months	2.59%
New or Used Up to 10 Years Old	74 Months	3.09%
New or Used Up to 10 Years Old ($20k +)	84 Months	4.09%

Also, the lock period is 45 days, which they can extend up to an additional 30 days if you ask nicely.

 

[morozowm]

our credit union is at 3.4% with 740+ credit score for up to 66 months

Share with the group - name please?

 

[vrtical]

every month I see my beer fund depleting, that said I am finding out lock rate periods from one of my CUs that has decent rates right now, the rest would put me in AA.

 

[long_road]

Ugh, this stresses me out. I guess I've just always timed it when rates were low, but my last several vehicle purchases had loan percents around 1.0%, 1.1%, .9%, etc.

Anything over 3% makes my stomach turn...

 

[khudgi]

Share with the group - name please?

TLCCU https://www.tlccu.org/your-life/borrow/auto-loans

 

[Cyber2D]

Got 4.3% last week for 72 @ NFCU. I'm a lil sick since my first 2 loans with them were under 2%. Wife told me not to stress cause she's knows how much I hate debt and will pay if off much sooner.

Navy Federal gave you 4.3%? That's amazing, their rates have always been trash for me. I use them for short term loans since they cut checks so quick, but I refinance quickly.

 

[Buck₩ild]

4.49% Ford credit June 2022
Downpayment was 20%
Score was over 800 at the time and still is.
But I'm in Canada and the banks like to screw us over so couldn't find a better option and hence F me.

I don't know if I can find any credit union that can help me with a low interest at this time but would be more than happy to check and get it transferred.
Let me know if anyone has suggestions

 

[thenewjs]

Navy Federal gave you 4.3%? That's amazing, their rates have always been trash for me. I use them for short term loans since they cut checks so quick, but I refinance quickly.

Yeah, USAA was about a percentage point higher for 72 months.

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