New Car Loans -- What Are Good Rates

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I got zero 0% from the dealer in May. I saw they were offering 0% again on other models. Nothing wrong with the car and no, I didn't get ripped off. They were quite pissed when I left. They started out $5k higher.
Maybe I just got lucky with the model, but small Japanese SUV is what I needed.

This is a manufacturer’s promotion. They’re losing money on the loan to off load excess cars.

Can I get one on a RAV Hybrid or CRV Hybrid, I think these are less popular since everyone goes electric?

Don't be lazy. Go to the Honda and Toyota websites. They're promotions, so they advertise these things. However, those are two of the top selling SUVs in the US.

I see some okay rates on their website — I was wondering if the dealers might get less advertised promotions to incentive deals and how to ask for those?

[Anonymous]

Anonymous wrote:If you plan on paying it off early, do the math on bad rates paired with rebates. We're at 7%, but with $1500 cash back for taking the rate.

And it’s easy to refinance a car loan

[Anonymous]

Anonymous wrote:

Anonymous wrote:If you plan on paying it off early, do the math on bad rates paired with rebates. We're at 7%, but with $1500 cash back for taking the rate.

And it’s easy to refinance a car loan

Really? I thought there were a lot of fees?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I got zero 0% from the dealer in May. I saw they were offering 0% again on other models. Nothing wrong with the car and no, I didn't get ripped off. They were quite pissed when I left. They started out $5k higher.
Maybe I just got lucky with the model, but small Japanese SUV is what I needed.

This is a manufacturer’s promotion. They’re losing money on the loan to off load excess cars.

Can I get one on a RAV Hybrid or CRV Hybrid, I think these are less popular since everyone goes electric?

Don't be lazy. Go to the Honda and Toyota websites. They're promotions, so they advertise these things. However, those are two of the top selling SUVs in the US.

I see some okay rates on their website — I was wondering if the dealers might get less advertised promotions to incentive deals and how to ask for those?

No. Dealers don't get super secret interest rates from captive auto lenders. Dealers would much rather you finance through them and their partner banks, where you'll pay a higher interest rate and the dealer will take a cut.

[Anonymous]

It REALLY depends on what kind of car. we got a high demand hybrid and felt lucky to they 5.25. Absolutely no deals for this car. However it is a 5 yr note that we will pay in 18 months.

[Anonymous]

There are dealer promotions for very low, near zero APR. Limited, and depends on what they offer for MSRP/discounts.

Credit Unions are your best bet for lower rates, lower than the usual dealer/partner rates.

For reference i got a 4.99% rate for a car last September, and got a lower 4.5% rate in May for another car. Check credit unions while you are actively negotiating with dealerships and their preferred lenders.

[Anonymous]

We got 2.99% at Hyundai in July.

[Anonymous]

Tesla has 1.9

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I got zero 0% from the dealer in May. I saw they were offering 0% again on other models. Nothing wrong with the car and no, I didn't get ripped off. They were quite pissed when I left. They started out $5k higher.
Maybe I just got lucky with the model, but small Japanese SUV is what I needed.

So this was a manufactur promotion? Which make?

Probably Hyundai they have had a huge drop in popularity after the theft problem

https://www.jdpower.com/cars/shopping-guides/best-car-deals-in-august-2024

Hyundai has some really nice looking models but it’s the first thing I think of now with them. Are they fixing it?

[Anonymous]

Anonymous wrote:Tesla has 1.9

Ok? You pay MSRP so of course they can give financing

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I got zero 0% from the dealer in May. I saw they were offering 0% again on other models. Nothing wrong with the car and no, I didn't get ripped off. They were quite pissed when I left. They started out $5k higher.
Maybe I just got lucky with the model, but small Japanese SUV is what I needed.

This is a manufacturer’s promotion. They’re losing money on the loan to off load excess cars.

Can I get one on a RAV Hybrid or CRV Hybrid, I think these are less popular since everyone goes electric?

Don't be lazy. Go to the Honda and Toyota websites. They're promotions, so they advertise these things. However, those are two of the top selling SUVs in the US.

I see some okay rates on their website — I was wondering if the dealers might get less advertised promotions to incentive deals and how to ask for those?

No. Dealers don't get super secret interest rates from captive auto lenders. Dealers would much rather you finance through them and their partner banks, where you'll pay a higher interest rate and the dealer will take a cut.

What do you mean partner banks? Isn’t dealer financing alway through the manufacturers financing arm, like Honda Financial or Ford Credit?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Tesla has 1.9

Ok? You pay MSRP so of course they can give financing

Same thing with the rates from other mfg financing offers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Tesla has 1.9

Ok? You pay MSRP so of course they can give financing

Same thing with the rates from other mfg financing offers.

Of course not. We negotiated 10% off MSRP for our Honda last month, and the got the 2.99% promotional financing.

[Anonymous]

We just bought a new BMW yesterday and got $1000 off plus a 60-month loan at 2.99%.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Fed lower rates in Sep, so by Oct you should see regular rates at 5%. This is going to be a 50 basic point cut, you can be sure.

I heard 75 bps cut!

No
Chance