Recent car shoppers - what's a good auto loan interest rate right now?

[Kremlar]

Shopping for a new car, and wasn't sure what to expect.

I've got good credit, at least low 700s.

What should I be aiming for?

Also, any decent online ways to check your credit score?

 

[Baked]

The best rate offered is usually through the credit union. My credit union's current new car loan is 6.39%.

 

[Black88GTA]

New or used?

I have good credit, and got a 6.15% rate for a 36 month car loan on a 12 year old car. I think a better rate is available for new / nearly new cars.

 

[Gunslinger08]

I got 6.14% at the end of December last year. 21 year old fresh out of college with a 700+ credit score.

 

[giantpinkbunnyhead]

Eh, you can probably... if it's a new car your after... find a 0% special offer without too much effort. There's a lot of them out there especially since the family pricing on US cars is no more.

used cars, however, rarely if ever attach to 0% offers and frequently come with higher rates than new cars anyway.

 

[Kremlar]

New car, specifically looking at a 2006/2007 Toyota RAV4....

 

[pkananen]

got 4% through Nissan for a new Xterra 3 months ago

 

[helloedchen]

Depends on the car, year and company. For example, I just picked up a new 07 GTI MKV at 5.4%. The 06 was going for 0%. Shop around the manuf. websites, they usually will tell you what their specials are currently.

 

[pinoy]

I think toyota's got sale event going on right now.

0% up to 48 mos.
1.9% for 60 mos and up, i think.

My wife is also thinking of buying a 4Runner. That's how I found out about this.

 

[axelfox]

0

 

[chambersc]

OP:

I'm 19, and bought a brand new car march 26th of this year. My interest rate was 4.6% and I had low 700s credit rating. FWIW

 

[Leeroy]

Best rate is an interest-free loan from your parents. That's what I got.

 

[SoftwareDude]

dont finance a car if u dont have to check a car payment calculator to see the total price u pay for a finance car.

http://freesoftwaredownloads.ws/autoloancalculator.aspx

 

[halik]

Originally posted by: Kremlar
Shopping for a new car, and wasn't sure what to expect.

I've got good credit, at least low 700s.

What should I be aiming for?

Also, any decent online ways to check your credit score?

I've got 4.99% month and half ago...yay for spotless credit (that was a used car too)

 

[probzy]

The interest usually big and I can't afford it.

 

[probzy]

The interest usually big and I can't afford it.

 

[Kremlar]

I think toyota's got sale event going on right now.

Yeah, I saw that - and of course the RAV4 is one of the few models missing from the site! Wonder why... but sucks for me.

 

[Aimster]

Pentagon Federal Credit Union

https://www.penfed.org/index.asp

$20/year membership.

 

[makaze]

I got a loan through my credit union with 4.75 for 72 months

 

[torpid]

Just bout a used car and couldn't get better than 7%