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Expected Auto Loan %?

Posted on 4/12/17 at 9:47 am
Posted by tissle
Member since Jul 2009
1954 posts
Posted on 4/12/17 at 9:47 am
I'm gearing up to buy a new car. Currently driving a 14 year old corolla which I love; however - I want to eventually gift this car to my niece and reward myself with a new car.

Credit score is around 780. Income is pretty high. No debt other than mortgage.
Should I be expecting something below 1% or would something under 2 be more realistic?

I'm in the ATL area if that helps.
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38511 posts
Posted on 4/12/17 at 10:00 am to
1.89 % unsecured loan with Lightstream.

They'll match and beat PenFed.

You're welcome.
Posted by 50_Tiger
Dallas TX
Member since Jan 2016
39954 posts
Posted on 4/12/17 at 10:03 am to
If you are buying new, then most manufacturers are giving 0% for Tier 1/1+.

Luxury cars are even fetching 0.9-1.9 APR.

Posted by swanny297
NELA
Member since Oct 2013
2189 posts
Posted on 4/12/17 at 10:11 am to
Probably get the best rate through the dealer
Posted by Dave Worth
Metairie
Member since Dec 2003
1806 posts
Posted on 4/12/17 at 11:27 am to
I recently bought an Accord and got 0.9%. Just checked their website and they're still offering it on many Honda models.
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30541 posts
Posted on 4/12/17 at 11:59 am to
Got my wife's Honda at 0.9% as well
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8362 posts
Posted on 4/12/17 at 12:34 pm to
Where do you see 1.89%? I see 2.19 on their lightstream.

Also been shopping cars lately.
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38511 posts
Posted on 4/12/17 at 3:20 pm to
quote:

Where do you see 1.89%? I see 2.19 on their lightstream.

Also been shopping cars lately.




They will match and beat any competitor. PenFed is offering 1.99 %. Lightstream will then beat it by .10 %.

You have to have very good credit to qualify and well as income. Providing you meet this criteria, you'll get a loan that is unsecured too.
This post was edited on 4/12/17 at 3:21 pm
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