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Used Car Loan Interest Rate

Posted on 1/31/12 at 3:52 pm
Posted by nrtiger
Paradise
Member since Nov 2003
1337 posts
Posted on 1/31/12 at 3:52 pm
Looking a possibly buying a used truck. I have excellent credit (810). What kind of interest rate am I looking at?
This post was edited on 1/31/12 at 3:54 pm
Posted by mctiger1985
Baton Rouge
Member since Oct 2009
3693 posts
Posted on 1/31/12 at 4:44 pm to
I just got a loan at Campus Federal for 3.25% (60 months). I didn't shop around.
This post was edited on 1/31/12 at 4:45 pm
Posted by LazyDaveD
Broussard, LA
Member since Sep 2003
1085 posts
Posted on 1/31/12 at 8:04 pm to
I got 3.35%(36 month) from a local credit union. Got it last May, and it was a 2009 model. The rates are a little different depending on what year vehicle it was, and the mileage.
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16305 posts
Posted on 1/31/12 at 9:34 pm to
In october, I got 3.19% on a 4 yr loan for a 2006 car with no money down. My credit score is ~700.
Posted by Jazzyjoker
SW LA
Member since Feb 2009
549 posts
Posted on 2/1/12 at 2:56 am to
Pentagon FCU has rates as low as 1.49%. I have both my vehicles through them. Just refied my wife's vehicle for the much much lower rate. You just have to join the National Military Family Assoc or belong to one of the other groups that can join. Very well worth it
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38511 posts
Posted on 2/1/12 at 8:13 am to
quote:

What kind of interest rate am I looking at?


1.99 % at PenFed
Posted by nrtiger
Paradise
Member since Nov 2003
1337 posts
Posted on 2/1/12 at 9:29 am to
Thanks for all the responses. Will look into PenFed.
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