finance a car recently?

[Anonymous]

What were your rates like?

[Anonymous]

I am a member of penfed and nwfcu.

I’m just curious about actual final rates you all have experienced lately, not just published starting rates.

-op

[Anonymous]

We bought in February, so I won't bother sharing our rates, but I will say the dealer beat Penfed. So definitely check with the dealer, too.

[Anonymous]

Bump

[Anonymous]

Well I thought I was signing up for a 3.99 interest rate via Honda with the intent of paying off the loan as soon as I sold my other car a couple of days later. Big mistake!! I just discovered it’s a straight up finance charge and now I owe an additional $2400 on top of the amount financed whether I pay it off now or within 36 months. I am super super pissed at the dealer because I told them many times I planned to pay it off early and would have done this another way had I known. I thought APR included finance charges and interest, and when I asked what the finance charge was they said there wasn’t one.

Whatever you do, don’t be stupid like me.

[Anonymous]

0% last year from Mazda dealership.
Finance charge and interest rate are two different things.
Few people read the paperwork when they sit at the dealership.

[Anonymous]

4.84% from USAA, 60 mos.

[Anonymous]

Hmmm. 6.49% for 36 months.

[Anonymous]

Lease so not financed but $1250 on a GLS 2025

[Anonymous]

Anonymous wrote:Well I thought I was signing up for a 3.99 interest rate via Honda with the intent of paying off the loan as soon as I sold my other car a couple of days later. Big mistake!! I just discovered it’s a straight up finance charge and now I owe an additional $2400 on top of the amount financed whether I pay it off now or within 36 months. I am super super pissed at the dealer because I told them many times I planned to pay it off early and would have done this another way had I known. I thought APR included finance charges and interest, and when I asked what the finance charge was they said there wasn’t one.

Whatever you do, don’t be stupid like me.

Always read contracts before you sign them.

[Anonymous]

Anonymous wrote:Well I thought I was signing up for a 3.99 interest rate via Honda with the intent of paying off the loan as soon as I sold my other car a couple of days later. Big mistake!! I just discovered it’s a straight up finance charge and now I owe an additional $2400 on top of the amount financed whether I pay it off now or within 36 months. I am super super pissed at the dealer because I told them many times I planned to pay it off early and would have done this another way had I known. I thought APR included finance charges and interest, and when I asked what the finance charge was they said there wasn’t one.

Whatever you do, don’t be stupid like me.

People here won't be kind, but appreciate you sharing your experience here.

[Anonymous]

1.9% but the dealer really, really tried to push me to 5.9% with cash back.

[Anonymous]

[twitter]

Anonymous wrote:Well I thought I was signing up for a 3.99 interest rate via Honda with the intent of paying off the loan as soon as I sold my other car a couple of days later. Big mistake!! I just discovered it’s a straight up finance charge and now I owe an additional $2400 on top of the amount financed whether I pay it off now or within 36 months. I am super super pissed at the dealer because I told them many times I planned to pay it off early and would have done this another way had I known. I thought APR included finance charges and interest, and when I asked what the finance charge was they said there wasn’t one.

Whatever you do, don’t be stupid like me.

Actually if you take that cash and put in a CD you can earn 4% or more so at least break even (though taxes take a bite). Or put it in stock market and maybe earn 8% or more, risk adjusted of course.


Borrowing money at 3.9%, sign me up. You can do a lot with that cash. Margin at my brokerage is 8%, so you are whomping that.

[Anonymous]

Apple FCU is at 4.49 for 36 mos.

[Anonymous]

0% at the dealer this month