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View Full Version : Auto loans and financing Matt 11-16-2006, 08:43 AM i'm looking for a new car and a place to get the best auto loan rate possible. the dealership isn't running any low APRs, unfortunately, so i've been looking at credit unions. i've found the Birmingham/Bloomfield Credit Union who posted rates of 5.5% for 60mo and 6.25% for 72mo. (http://www.bbcu.org/rates.htm) anyone have any other recommendations? BigggChris04 11-16-2006, 12:06 PM I just financed my first car yesterday 11/15 ... And 6% is as good as its gets. My APR for the car is 26%, and major credit cards are like 28% ... But thats cuz of my age and I cant lower for 6 months ... So pending on your age and credit history that 6% only applies for certain people who qualify. ... And if you do sir. I bow down to you MikeMyers 11-16-2006, 07:06 PM 26% interest is nuts. WTFchris 11-16-2006, 07:15 PM i was pissed to have a %9 interest on my first car loan (without a co-signer). %6 is a good rate. if you get that from a major bank, take it. Glenn 11-17-2006, 10:00 AM 26% interest is nuts. No kidding. It actually might make more sense to steal a car. (unless they have The Club, that is) BigggChris04 11-17-2006, 11:07 AM No kidding. It actually might make more sense to steal a car. (unless they have The Club, that is) ... [smilie=sayitaintso: ... I got a club on my new car too ... and yea 26% is sad, but I have no choice ... It'll go down after 6 months which is only 2 months away now MikeMyers 11-17-2006, 11:16 AM What kind of car did you get? WTFchris 11-17-2006, 11:34 AM you were serious about the %26? That is nuts, and I wouldn't pay that. I'd either drive a junky car or get a co-signer. Nothing that depreciates like cars do is worth %26 interest. MikeMyers 11-20-2006, 12:30 PM 26% interest is like buying the car twice. Vinny 11-20-2006, 12:45 PM No wonder you eat at McDonald's every day. With rates like that, a man needs all the dollar menus he can get! BigggChris04 11-21-2006, 12:19 PM No wonder you eat at McDonald's every day. With rates like that, a man needs all the dollar menus he can get! ... LMAO! ... Now yall see where Im coming from ... I got a 99 Buick Regal Fool 11-21-2006, 12:38 PM Nice B. http://www.autowire.net/buickgs.jpg BigggChris04 11-28-2006, 12:01 PM Nice B. http://www.autowire.net/buickgs.jpg ... Heyyyyyyyyyyyyyy, thats my car ... I am able to refinance it come Feburary tho. Thru my creditunion that it ... Then My apr drops to like 12% with no financing charges | |