Financing + Auto Loan Rates (APR %) -- Share What You've Found

[WKTJR1]

4.09% at Navy Federal for 36 months. Plan on paying off TRD PRO off within the first year.

That rate plus another 0.25% for being a veteran. My dealer is already starting the "We'll see if we can beat that" talk. First off, I doubt they will be able to; second, they need to sweeten the deal, i.e., discount the vehicle. Otherwise, I'll just use my own financing.

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[sugammadex]

Toyota laughed when I showed them that rate and said no way in hell they can match it. Do yourself a favor and get your own rate.

 

[goin2drt]

Not sure what you mean by your greed statement. But in some situations paying 100% cash on a depreciating asset will net you less money in the long run. If you can finance at a lower rate and invest the cash at a higher rate of return you make money in the long run.

As others have said you can sometimes get a lower purchase price if you finance. Then refinance or pay off the balance.

Lots of options out there.

While this is true IT RARELY happens especially at this level of a purchase. Plenty of millionaires finance their very expensive highly depreciating assets but they are also very discipline and do exactly what you say. HOWEVER if someone has $50k cash sitting around they will most likely not take that $50k and put it in an investment that earns them a higher return than the interest rate they would pay When buying that same $50k car.

I do think plenty go for the financing for the $500-$1000 better deal and just pay off the loan before making the first payment.

and like sugar bear says I also agree. Many in our society are wreckless with finances. Just because they can afford a payment doesn’t mean you should buy the truck.

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