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Auto loan rates

Posted on 10/20/24 at 9:57 pm
Posted by Jim bean xxx
Member since Sep 2018
8809 posts
Posted on 10/20/24 at 9:57 pm
Who has the best rates in BR?
Posted by TheBoo
South to Louisiana
Member since Aug 2012
5343 posts
Posted on 10/21/24 at 8:31 am to
GM is offering 6.2% for 72 months with excellent credit

My credit union is usually lower than every where else but even they are around 6% best rate right now for 72 months.


Not sure what term you are looking at?
Posted by bubba102105
Member since Aug 2017
524 posts
Posted on 10/21/24 at 9:22 am to
Checkout signature credit union. Just financed through them over the weekend. Had a bike loan with them already and they have some great rates!
Posted by Glock17
Member since Oct 2007
23014 posts
Posted on 10/21/24 at 9:34 am to
got 3.9 on a new Honda back in July
Posted by BYEUBAW
Member since Jan 2024
74 posts
Posted on 10/21/24 at 9:53 am to
TD Auto is down to 5.09% up to 75 months, otherwise there are some incentivized rates out there but beware in what you give up in rebates for it. Credit unions can't touch direct lending at the moment
Posted by LazyDaveD
Broussard, LA
Member since Sep 2003
1101 posts
Posted on 10/21/24 at 10:23 am to
Penfed Credit Union has been the best rates I've found in the past.
Posted by BigBinBR
Baton Rouge
Member since Mar 2023
9076 posts
Posted on 10/21/24 at 10:26 am to
quote:

Penfed Credit Union has been the best rates I've found in the past.


PenFed is the correct answer. I think they are in the mid 4s. They are super easy to work with too.
Posted by skewbs
Member since Apr 2008
2194 posts
Posted on 10/21/24 at 11:44 am to
quote:

PenFed is the correct answer. I think they are in the mid 4s.


Are you sure about this? I'm wondering if it is only if you go through their dealer network that you will get a rate in the 4's.

I am a member, have a 810 credit score, and applied just this week for an auto loan. I was quoted at 6.4% for a 60 month loan of $45K.
Posted by BigBinBR
Baton Rouge
Member since Mar 2023
9076 posts
Posted on 10/21/24 at 12:03 pm to
quote:

Are you sure about this? I'm wondering if it is only if you go through their dealer network that you will get a rate in the 4's.

I am a member, have a 810 credit score, and applied just this week for an auto loan. I was quoted at 6.4% for a 60 month loan of $45K.


Yeah it looks like the lower rate is for their new car buying service.

This is regular new car:
quote:

36 Months 5.24%*
48 Months 5.34%*
60 Months 5.39%*
72 Months 5.69%*
84 Months 6.59%*


LINK
Posted by GCTigahs
Member since Oct 2014
2433 posts
Posted on 10/21/24 at 4:46 pm to
Keesler Federal Credit Union is advertising 4.29 on their website.
KFCU loan rates
Posted by Jmcc64
alabama
Member since Apr 2021
1757 posts
Posted on 10/21/24 at 8:10 pm to
We just bought a technically 'used' car last month (dealer loaner , 4500 miles) and the rate from BofA was 5.79 for 72 months. We have no intention of making payments, but that was easiest way to do a deal that day.
Posted by bubba102105
Member since Aug 2017
524 posts
Posted on 10/22/24 at 8:08 am to
Signature federal credit union

New Auto and Motorcycle Loans - 100% financing
Repayment Term APR as low as* Estimated Payment1
24 Months 4.00% $43.43 per $1,000 Financed
36 Months 4.25% $29.64 per $1,000 Financed
48 Months 4.50% $22.81 per $1,000 Financed
60 Months 4.75% $18.76 per $1,000 Financed
72 Months 5.00% $16.11 per $1,000 Financed
84 Months 5.75% $14.49 per $1,000 Financed
96 Months 6.25% $13.27 per $1,000 Financed
Used Auto and Motorcycle Loans - 100% financing
Repayment Term APR as low as* Estimated Payment1
24 Months 4.75% $43.76 per 1,000 Financed
36 Months 5.00% $29.98 per 1,000 Financed
48 Months 5.25% $23.15 per 1,000 Financed
60 Months 5.50% $19.11 per 1,000 Financed
72 Months 5.75% $16.46 per 1,000 Financed
84 Months 6.00% $14.61 per 1,000 Financed
96 Months 6.50% $13.39 per 1,000 Financed
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 10/22/24 at 8:21 am to
Got a year left on my 0% loan from Genesis. December 2020 was a great time to buy a car.
Posted by thunderbird1100
GSU Eagles fan
Member since Oct 2007
71486 posts
Posted on 10/22/24 at 3:01 pm to
Always check special financing from manufacturer first.

We got 1.49%/36 mo on certified pre-owned Acura earlier this summer.
Posted by basiletiger
lafayette, la.
Member since Aug 2007
2441 posts
Posted on 10/23/24 at 8:40 am to
Every major bank is in the range that bubba posted. We won't see real rate drops for the next 12-15 months.
Posted by jpainter6174
Boss city
Member since Feb 2014
6240 posts
Posted on 10/23/24 at 3:22 pm to
Navy federal has 4-5% depending on terms.
Posted by glorymanutdtiger
Baton Rouge
Member since Jun 2012
4489 posts
Posted on 10/23/24 at 8:25 pm to
GM is offering 0% for 36 months
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