Auto Loan | TigerDroppings.com

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Golfer2012
LSU Fan
New Orleans
Member since Jun 2010
40 posts

Auto Loan


Any suggestions on who to use for an auto loan?

TIA







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Tigerpaw123
USA Fan
P'ville
Member since Mar 2007
9032 posts
 Online 

re: Auto Loan


Penfed





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goldennugget
Alaska-Anchorage Fan
Member since Jul 2013
5944 posts

re: Auto Loan


Don't

Pay cash






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756
LSU Fan
Member since Sep 2004
9490 posts

re: Auto Loan


1. cash is king
2. credit union
3. slightly used car - let someone else take the depreciation hit






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Lsut81
USA Fan
Member since Jun 2005
62846 posts
 Online 

re: Auto Loan


Pen fed





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Hoyt
Alabama Fan
Alabama: The Beautiful
Member since Aug 2011
1038 posts

re: Auto Loan


Cash is not king. Dealers want you to finance "through them" and if you can finance a vehicle for 48-60 months for 2% or less why would you ever pay cash?





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LSUtigerME
LSU Fan
Walker, LA
Member since Oct 2012
515 posts

re: Auto Loan


quote:

Cash is not king. Dealers want you to finance "through them" and if you can finance a vehicle for 48-60 months for 2% or less why would you ever pay cash?

This. Penfed or a credit union. Very low interest rates right now, no reason to pay cash.






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Will Cover
Southeastern LA Fan
Bangor, ME
Member since Mar 2007
24417 posts

re: Auto Loan


I could think of one reason. Peace of mind.





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Hoyt
Alabama Fan
Alabama: The Beautiful
Member since Aug 2011
1038 posts

re: Auto Loan


Peace of mind to me is using the same money to earn 6-8% while I'm only paying 1-2% interest on an auto loan.





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HeadyMurphey
LSU Fan
Los Santos
Member since Jan 2008
15758 posts

re: Auto Loan


quote:

I could think of one reason. Peace of mind.


A false sense of peace of mind. What really makes you feel better about it? Having the title in your possession? These days, it isn't very hard to set up an online recurring payment through your bank.






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onelochevy
LSU Fan
Slidell, LA
Member since Jan 2011
5900 posts

re: Auto Loan


Credit Union. My wife and I both have auto loans through our credit union and the rates are less than 2%.





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