Vehicle Loan

obert · 10-14-2009, 07:36 AM

I need to get a vehicle loan and I was wondering about these lending places. I'd like to get the lowest rate I can, but don't want to get into one of these places that will end up costing me. Have good credit, just looking at how to go about getting the best interest rate and being safe.

Dad O. · 10-14-2009, 07:46 AM

A credit union would be my first choice. Second choice a bank. Those loan places are usually very high interest rate.

obert · 10-14-2009, 07:54 AM

Thanks Dad O. It's not like back home. 1 bank in town and that's where ya go.

Jump n Fish · 10-14-2009, 07:55 AM

Credit Unions are great for that sort of thing. I do all my banking at a local credit union and they can't be beat for anything. I bought a Honda Fit a little over a year ago. Honda finance offered 7%, my credit union gave me 4.9%.

obert · 10-14-2009, 08:03 AM

Thanks guys, I think I'll start at a credit union and go from there.

gwhunter · 10-14-2009, 11:32 AM

Credit Unions are the best unless you can get 0 % financing through the dealer.

centerx · 10-14-2009, 12:11 PM

If you are buying a new auto the captive finance companies will probably have your best deals . That's the industry term for "Ford motor credit" GMAC and such.

If you are purchasing used shop around. Credit unions can be good but if you are a homeowner with equity tapping that can be your best deal especially with first and second mortgage rates so low right now. There can be some tax advantages as well

LundLover · 10-14-2009, 02:33 PM

If you have military or government work experience, you should go with the Pentagon Federal credit union. Lowest rates BAR NONE! I use them myself and have been VERY pleased with them.

10-14-2009, 07:36 AM	#1 (permalink)
obert obert is thinking Reddogs loves figure skating. Member Join Date: Mar 2007 Location: 100 yards from Reddoggs boat Posts: 2,635 Thanks: 153 Thanked 243 Times in 180 Posts	Vehicle Loan I need to get a vehicle loan and I was wondering about these lending places. I'd like to get the lowest rate I can, but don't want to get into one of these places that will end up costing me. Have good credit, just looking at how to go about getting the best interest rate and being safe. __________________ I'll keep my money, my guns and my freedom and you can keep the "change."

10-14-2009, 07:46 AM	#2 (permalink)
Dad O. Dad O. is Jobless Member Join Date: Feb 2007 Location: Lake Havasu City, Az. Posts: 1,204 Thanks: 6 Thanked 141 Times in 97 Posts	Loans A credit union would be my first choice. Second choice a bank. Those loan places are usually very high interest rate. __________________ Photo Album

10-14-2009, 07:54 AM	#3 (permalink)
obert obert is thinking Reddogs loves figure skating. Member Join Date: Mar 2007 Location: 100 yards from Reddoggs boat Posts: 2,635 Thanks: 153 Thanked 243 Times in 180 Posts	Thanks Dad O. It's not like back home. 1 bank in town and that's where ya go. __________________ I'll keep my money, my guns and my freedom and you can keep the "change."

10-14-2009, 07:55 AM	#4 (permalink)
Jump n Fish Jump n Fish is dreamin of clear rivers and big spots Member Join Date: Sep 2006 Location: Laurel, MS Posts: 1,331 Thanks: 613 Thanked 463 Times in 216 Posts	Credit Unions are great for that sort of thing. I do all my banking at a local credit union and they can't be beat for anything. I bought a Honda Fit a little over a year ago. Honda finance offered 7%, my credit union gave me 4.9%. __________________ We accidentally replaced your heart with a baked potato. You have about three seconds to live.

10-14-2009, 08:03 AM	#5 (permalink)
obert obert is thinking Reddogs loves figure skating. Member Join Date: Mar 2007 Location: 100 yards from Reddoggs boat Posts: 2,635 Thanks: 153 Thanked 243 Times in 180 Posts	Thanks guys, I think I'll start at a credit union and go from there. __________________ I'll keep my money, my guns and my freedom and you can keep the "change."

10-14-2009, 11:32 AM	#6 (permalink)
gwhunter gwhunter is getting status Member Join Date: Mar 2007 Location: Washington County Posts: 483 Thanks: 72 Thanked 55 Times in 38 Posts	Credit Unions are the best unless you can get 0 % financing through the dealer.

10-14-2009, 12:11 PM	#7 (permalink)
centerx centerx has no status. Member Join Date: Sep 2009 Posts: 180 Thanks: 14 Thanked 98 Times in 55 Posts	If you are buying a new auto the captive finance companies will probably have your best deals . That's the industry term for "Ford motor credit" GMAC and such. If you are purchasing used shop around. Credit unions can be good but if you are a homeowner with equity tapping that can be your best deal especially with first and second mortgage rates so low right now. There can be some tax advantages as well

10-14-2009, 02:33 PM	#8 (permalink)
LundLover LundLover is wishin' he was fishin' Member Join Date: Mar 2007 Location: Lincoln, NE Posts: 4,171 Thanks: 118 Thanked 94 Times in 74 Posts	If you have military or government work experience, you should go with the Pentagon Federal credit union. Lowest rates BAR NONE! I use them myself and have been VERY pleased with them. __________________ There is no pleasure in having nothing to do; the fun is in having lots to do and not doing it!

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