wnaplay1647545503 Posted April 12, 2012 Report Share Posted April 12, 2012 I have put off buying a newer vehicle for a few years and really havent financed a vehicle in a very long time. I think its time to get into another suv but was wondering with the economy if its easy or hard to get a loan right now. I am not sure what 3 years of no work has done to my credit and actually any downpayment is probably gone as well. I am wanting to get a 2007+ yukon or tahoe priced at between $15k-20k. These are the prices I have been seeing low end from private sellers and high end a decent vehicle from a dealership. What kind of payment would I be looking at? I see a dealership on craigslist offering 2011 suv's at $296 a month but that has to not be including everything. Quote Link to comment Share on other sites More sharing options...
copperhead Posted April 12, 2012 Report Share Posted April 12, 2012 Generally speaking, banks don't like giving out loans on anything older than I think 5 years and 75,000 miles. Unless your credit is utter shit its hard not to get a loan, but the interest rate will suffer, and without knowing length of term and interest rate theres no way to estimate what payments will be. I'm willing to bet the dealership offering that deal has in the fine print that the price is good only with some sort of large down payment. Like $4,000 or more, and probably either a lease or really long term. If you really want to find out what you can get just walk into your bank and ask to talk to the person that does car loans, they will be more than happy to show you what you qualify for. Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted April 12, 2012 Author Report Share Posted April 12, 2012 Whats a good used car loan rate right now? Thinking of maybe trying credit union. Quote Link to comment Share on other sites More sharing options...
Buck531 Posted April 12, 2012 Report Share Posted April 12, 2012 I just talked to Telhio a few weeks ago about a loan. They said if it was a 07+ (they go 5 years back) it would be a 3.x% loan rate. Anything after 07 would be a 5.x% rate. Depending on your credit rating though. mine is around 700 though. Quote Link to comment Share on other sites More sharing options...
Kohones Posted April 12, 2012 Report Share Posted April 12, 2012 As said earlier here, rates are at an all - time LOW!!! New car rates for good credit are avg 3.99% and used car rates are around 5.99%. If your credit is stellar / you can obtain financing on almost anything regardless of mileage as long as its not over 7 yrs old (this is generally speaking of course) Quote Link to comment Share on other sites More sharing options...
Brrcats Posted April 12, 2012 Report Share Posted April 12, 2012 I picked up my loan from telhio in oct-ish 2.85% boom, protein Quote Link to comment Share on other sites More sharing options...
TimTaylor751647545500 Posted April 12, 2012 Report Share Posted April 12, 2012 For every $1k you finance, figure $20-$25 per month. Quote Link to comment Share on other sites More sharing options...
Slomo Eric Posted April 12, 2012 Report Share Posted April 12, 2012 Check out KEMBA they have really good rates now. Call the westerville branch and ask for Craig Fergeson or Madalon Fisher let either of them know (Eric Gray) sent you All my loans I have had through them. A few people on here can vouch (Antwon, Steve with the E55) Quote Link to comment Share on other sites More sharing options...
OSUGT Posted April 12, 2012 Report Share Posted April 12, 2012 got an 05 Odyssey done the other day at 3.99 with 95k miles...banks want to lend money right now Quote Link to comment Share on other sites More sharing options...
AngryBMW Posted April 12, 2012 Report Share Posted April 12, 2012 As said earlier here, rates are at an all - time LOW!!! New car rates for good credit are avg 3.99% and used car rates are around 5.99%. If your credit is stellar / you can obtain financing on almost anything regardless of mileage as long as its not over 7 yrs old (this is generally speaking of course) got an 05 Odyssey done the other day at 3.99 with 95k miles...banks want to lend money right now Listen to these guys. They know their shit as they are both finance directors at established dealers. -Marc Quote Link to comment Share on other sites More sharing options...
mrblunt Posted April 15, 2012 Report Share Posted April 15, 2012 I got approved for 1.9 on a new accord, 2.9 on a new cruze and 3.2 on a 2006 civic hybrid within the past 24 hrs. Rates are killer right now. You can really get cheap money depending on what your looking at and what dealer incentives are available. Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted April 15, 2012 Author Report Share Posted April 15, 2012 How did those rates transfer to a car payment? Quote Link to comment Share on other sites More sharing options...
John Bruh Posted April 15, 2012 Report Share Posted April 15, 2012 Got a 07 Tahoe ltz loaded, nav, roof, DVD, 3rd row, loaded! 23950. Rate is 3.99 I'm not at work or I'd show you the payment. I'll do it Monday. Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted April 15, 2012 Author Report Share Posted April 15, 2012 Ball park me. Quote Link to comment Share on other sites More sharing options...
John Bruh Posted April 15, 2012 Report Share Posted April 15, 2012 400 Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted April 15, 2012 Author Report Share Posted April 15, 2012 I just missed out on an exact same vehicle listed for $14k. I believe it sold as the guy isnt returning my calls and was suppose to be going to the first guy that looked at it. I was the second if the deal fell through. Private sellers tend to be so much cheaper. Quote Link to comment Share on other sites More sharing options...
GilbWs6 Posted April 15, 2012 Report Share Posted April 15, 2012 Unless you have marginal credit, banks have cheaper rates right now. PNC has some of the more competitive INDIRECT used car rates out there right now. Quote Link to comment Share on other sites More sharing options...
Jackson1647545504 Posted April 15, 2012 Report Share Posted April 15, 2012 I picked up my loan from telhio in oct-ish 2.85% boom, protein I've had great success with Telhio ... very easy to work with and rates were always good Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted April 15, 2012 Author Report Share Posted April 15, 2012 So what are some rates, sale prices , and monthly payment combos? What would a payment be at 2.85%, $3k down, $15k sale price? Quote Link to comment Share on other sites More sharing options...
Guest Spam Posted April 15, 2012 Report Share Posted April 15, 2012 What term length Quote Link to comment Share on other sites More sharing options...
TurboNova Posted April 15, 2012 Report Share Posted April 15, 2012 CME had great rates, Wifes new car is an 09 with 55k and we got a 1.9 rate for 65months Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted April 15, 2012 Author Report Share Posted April 15, 2012 Dan whats the payment and as far as terms, I dont know, whats standard these days? I havent had a car payment in nearly 20 years I guess. Quote Link to comment Share on other sites More sharing options...
John Bruh Posted April 15, 2012 Report Share Posted April 15, 2012 There are payment calculators online, why not use one of them? If you're buying from a dealer there is a 250 doc fee at most, 33.50 mv fees, and your taxes. Quote Link to comment Share on other sites More sharing options...
mustangman2011 Posted April 16, 2012 Report Share Posted April 16, 2012 here you go http://www.onlineloancalculator.org/ Quote Link to comment Share on other sites More sharing options...
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