Anonymous wrote:Im the first PP from 10/5. I just bought a used Subaru Forester. Got a 4.2% rate from Carmax. Higher than I’d like but a lot better than other rates I’m seeing.

You should refinance. Carmax Auto Finance doesn't refinance, but try a credit union

The $400 payment ceiling is absurdly unrealistic.

You’re either going to have to go with a used car with super high miles and/or 15+ years old, or go with 96 month payments. Or put more $$$$ down.

But you’re not going to get a decent used 3-row SUV for $400/mo. That’s not going to happen.

Anonymous wrote:that last post is only for howard county residents or employees. Great rates, though!

You'll find similar rates at many other credit unions.

that last post is only for howard county residents or employees. Great rates, though!

Anonymous wrote:Credit unions could give you rates as low as 3.5% (or even 3%) for up to 60 months.

https://www.aplfcu.org/Rates

Credit unions could give you rates as low as 3.5% (or even 3%) for up to 60 months.

Im the first PP from 10/5. I just bought a used Subaru Forester. Got a 4.2% rate from Carmax. Higher than I’d like but a lot better than other rates I’m seeing.

I just bought at 6% interest. Better shop around. under $400 - better only borrow under 20k.

Credit unions have the best rates.

What about a Mitsubishi Outlander? It seems like the most reasonable suv with third row?

Anonymous wrote:PP here: a 2023 base traverse is 37k. A 72 mo 4.39% loan payment with 10k down is still 476 per month. I think you need to look at cheaper cars for now and upgrade later if you want to have a 400 payment.

I'm looking for a used SUV so I'm in the same boat, but Id like to keep my payments under 450.

Op here - lmk what you find maybe I will do the same - it looks like we have a similar type budget thanks

If you decide used, look at 2019-2020 Kia Sorento; Mitsubishi Outlander; Ford Explorer.

You're looking at keeping it 32k or under most likely.

PP here: a 2023 base traverse is 37k. A 72 mo 4.39% loan payment with 10k down is still 476 per month. I think you need to look at cheaper cars for now and upgrade later if you want to have a 400 payment.

I'm looking for a used SUV so I'm in the same boat, but Id like to keep my payments under 450.

you're going to have to get a long loan to keep your payments under 400. 72 mo are not uncommon these days. That or up your down payment.

Our lease is up on our car and if we refinance with the new high interest rates it will cost the same as just getting a new car. We want to put about 10 k down on a new SUV with third row seat. Does not have to be luxury - looking at Chevy traverse, Toyota Highlander, etc. any suggestions on how we can stay around a $400 per month payment ? These rates are awful - and used cars are so expensive