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re: Loan for private vehicle purchase?

Posted on 3/11/15 at 12:22 pm to
Posted by AutoYes_Clown
Baton Rouge, LA
Member since Oct 2012
5191 posts
Posted on 3/11/15 at 12:22 pm to
Rates vary depending on many things. Amount of loan, risk to lender, age of car, mileage, etc.

No one will beat private membership credit unions like USAA and PenFed. PenFed is the easiest to get in with the best rates. Search around online on how to join.
Posted by SomeGuyFromLA
Texas
Member since Dec 2014
139 posts
Posted on 3/11/15 at 12:29 pm to
I can pay cash for the vehicle (28k) but with interest rates as low as they are I would prefer to finance...

the personal loan quotes I've gotten have been almost 7% WTF?!

Posted by Sigma
Fairhope, AL
Member since Dec 2005
3643 posts
Posted on 3/11/15 at 1:05 pm to
If you are looking for the lowest monthly note, DCU is better than PenFed currently. That 1.49 will only get you 36 mo with PenFed. DCU will give you 65 mo.
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