Best Financing?

fshagan · 01-02-2006, 05:59 PM

Looks like the "good rate" out there from Capitol One or ELoan is about 5.75%.

What kind of rates are you guys getting quoted? My credit score is over 750, so usually I can get whatever good rates that are available. I'm usually "surprised" that the finance guy at the dealer can usually beat the rate by a half a point or so.

HokieHybrid · 01-02-2006, 06:02 PM

If you or a family member has an association with the Navy, check out Navy Federal Credit Union....2.9% on car loans. It's an incredible rate. I'm waiting to find out if I'm enough of a contractor to join.

galaxee · 01-02-2006, 06:08 PM

5.24 back in october with an 'excellent' credit rating. i think rates are going back up... haven't really looked since the refi went through. see if you can't get a discount for automatic withdrawal from your account.

sheri · 01-06-2006, 10:03 PM

4.575. Would have been a quarter percent lower back in September, and a quarter higher if we hadn't taken delivery today.

ThunderJon · 01-06-2006, 10:06 PM

Ended up with 4.99% from addison avenue FCU 60 months. I belive 36 month would be 4.49%, signed on 1/3.

moolman · 01-06-2006, 11:10 PM

The credit unions would be slightly lower but there are requirements that need to be met to join them.

The cheapest online would be ELOAN and Capital One but only if you go through Sam's Club and Costco respectively. The ELOAN/Sam's club deal is slightly better than the CO/Costco deal.

Since I have a membership with Sam's I got the 5.35% for 60 months.

Alex

driverx · 01-06-2006, 11:24 PM

I locked the rate at 5.2% from Costco- CapitalOne a month ago. When I bought the car on last Sunday, dealer (Stockton Toyota) didn't like the CapitalOne so he matched the rate with his bank.

moolman · 01-06-2006, 11:27 PM

Right now, ELOAN/Sams is slightly lower than CapitalOne/Costco. Rates keep going up so lock in the rate now and you can use these checks 45 days later.

Alex

fshagan · 01-07-2006, 12:11 AM

Best so far is my credit union at 4.99% (if I do auto-payment). I have approval at that rate.

FWIW, most credit unions now allow anyone to join who lives in the area, so its worth a check with them prior to arriving at the dealership. The last two cars we bought, the finance manager was able to secure a loan at a quarter point lower.

In this round, we have gone from eLoan at 5.65%, to Capital One who first quoted 5.5%, then went down to 5.20%, and now my credit union (Telesis, at http://www.telesiscu.com) at 4.99%. I'll be pretty happy if I can get it a quarter point below that at the dealership!

jwe8f · 01-07-2006, 12:19 AM

My credit union's 60-month new car rate is currently at 5.15%.

01-07-2006, 12:11 AM	#9
fshagan Join Date: Aug 2005 Posts: 1,775 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Best so far is my credit union at 4.99% (if I do auto-payment). I have approval at that rate. FWIW, most credit unions now allow anyone to join who lives in the area, so its worth a check with them prior to arriving at the dealership. The last two cars we bought, the finance manager was able to secure a loan at a quarter point lower. In this round, we have gone from eLoan at 5.65%, to Capital One who first quoted 5.5%, then went down to 5.20%, and now my credit union (Telesis, at http://www.telesiscu.com) at 4.99%. I'll be pretty happy if I can get it a quarter point below that at the dealership! __________________ My Blog PoliteTalk Debate Site:

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01-02-2006, 05:59 PM	#1
fshagan Join Date: Aug 2005 Posts: 1,775 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Looks like the "good rate" out there from Capitol One or ELoan is about 5.75%. What kind of rates are you guys getting quoted? My credit score is over 750, so usually I can get whatever good rates that are available. I'm usually "surprised" that the finance guy at the dealer can usually beat the rate by a half a point or so.

01-02-2006, 06:02 PM	#2
HokieHybrid Senior Member Join Date: Dec 2005 Posts: 195 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	If you or a family member has an association with the Navy, check out Navy Federal Credit Union....2.9% on car loans. It's an incredible rate. I'm waiting to find out if I'm enough of a contractor to join.

01-02-2006, 06:08 PM	#3
galaxee uphill battling Join Date: Mar 2005 Location: central NC/ western WI Posts: 8,831 My Car: 2005 Prius Package: #5 Nominated 5 Times in 3 Posts TOTM Awards: 0 Friends: 20	5.24 back in october with an 'excellent' credit rating. i think rates are going back up... haven't really looked since the refi went through. see if you can't get a discount for automatic withdrawal from your account.

01-06-2006, 10:03 PM	#4
sheri Join Date: Nov 2005 Location: Sunnyvale, CA Posts: 15 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	4.575. Would have been a quarter percent lower back in September, and a quarter higher if we hadn't taken delivery today.

01-06-2006, 10:06 PM	#5
ThunderJon Join Date: Sep 2005 Location: San Ho, CA Posts: 68 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Ended up with 4.99% from addison avenue FCU 60 months. I belive 36 month would be 4.49%, signed on 1/3.

01-06-2006, 11:10 PM	#6
moolman Member Join Date: Dec 2005 Posts: 68 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	The credit unions would be slightly lower but there are requirements that need to be met to join them. The cheapest online would be ELOAN and Capital One but only if you go through Sam's Club and Costco respectively. The ELOAN/Sam's club deal is slightly better than the CO/Costco deal. Since I have a membership with Sam's I got the 5.35% for 60 months. Alex

01-06-2006, 11:24 PM	#7
driverx Member Join Date: May 2004 Location: N. Cal Posts: 60 My Car: 2006 Prius Package: #7 Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	I locked the rate at 5.2% from Costco- CapitalOne a month ago. When I bought the car on last Sunday, dealer (Stockton Toyota) didn't like the CapitalOne so he matched the rate with his bank.

01-06-2006, 11:27 PM	#8
moolman Member Join Date: Dec 2005 Posts: 68 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	Right now, ELOAN/Sams is slightly lower than CapitalOne/Costco. Rates keep going up so lock in the rate now and you can use these checks 45 days later. Alex

01-07-2006, 12:19 AM	#10
jwe8f Join Date: Dec 2005 Location: Indiana Posts: 174 My Car: Package: Nominated 0 Times in 0 Posts TOTM Awards: 0 Friends: 0	My credit union's 60-month new car rate is currently at 5.15%.