You can get lower if you massively overpay for the car which isn’t smart to do

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May 26, 2023
7:44:55am

kotacoug Truly Addicted User

So just pay cash if you can

This message has been modified

Originally posted on May 26, 2023 at 7:44:55am

Message modified by kotacoug on May 26, 2023 at 7:45:39am

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kotacoug

Bio page: kotacoug
Joined: Jul 20, 2002
Last login: Apr 28, 2024
Total posts: 80,501 (4,682 FO)

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Messages

Author

Time

Any of you fellas bought a car very recently .

Chileboy

5/26/23 12:14am

It's all part of the new normal.

Mississippi

5/26/23 12:27am

The Fed is really to blame for not raising interest rates in 2018-2019

chismoso

5/26/23 8:00am

A few weeks ago. Cash or dont buy right now.

Backcountry

5/26/23 12:51am

Purchasing one in a month and came to the conclusion we are doing cash.

CoastalCoug

5/26/23 2:12am

Yup. Paid cash.

Boring

5/26/23 3:43am

Yes. Paid 80% cash and financed the rest so my kid could get it on his credit

WDaddy

5/26/23 4:23am

Yes. 100% cash.

OnEMoReTrY

5/26/23 5:30am

Bought an F150 - .9% APR

akimbocoug

5/26/23 6:10am

I got about that rate. I'll pay it off in December.

Dark Forest Green

5/26/23 6:19am

I did two weeks ago at 7.4, it’s just terrible right now

gww687

5/26/23 6:42am

I should clarify, this was for my business, so commercial loan/commercial rate

gww687

5/26/23 9:18am

bought one last week

Ethman

5/26/23 6:59am

It was that way at the dealerships. Did an auto loan through my bank - 5-6%

Medute

5/26/23 7:10am

Crazy. One year ago, I bought at car at 2.8%

TADOW

5/26/23 7:30am

Last night. New truck. 7.2%. A few months ago new truck at 6.3%

blueaussie

5/26/23 7:38am

Are you checking credit union rates? AFCU is lower than that.

Tokolosh

5/26/23 7:44am

Yep. I saw credit union rates between 4-6% last week depending on new vs used.

WDaddy

5/26/23 7:53am

You can get lower if you massively overpay for the car which isn’t smart to do

kotacoug

5/26/23 7:44am

We did. Bought my wife a Hyundai Santa Fe and used Hyundai finance. Got a 2.9% rate with them.

zonacougar

5/26/23 8:10am

If you're trying to decide whether or not to buy now or in a while, rates are

1984coug

5/26/23 9:10am

My Bronco (that now I won't be able to get until EOY) I am sitting at 8.1%

1984coug

5/26/23 9:32am

Sure did. Paid 4k cash for an old pickup a few weeks ago. I like money too much

TailgateU

5/26/23 10:23am

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