Interest Rates

[AzScorpion]

Not to hijack this thread but Dave were you in the Navy?

No I wasn't Andy. I have family members who served so you're eligible that way. I've been with them for years and NFCU is a really good CU.

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[canyonslicker]

I deleted the post

 

[AzScorpion]

LOL, I was thinking the same thing. Why ask this question in a truck forum.

I can see asking for advise here but if you were a CFO you really should know all this. lol

 

[canyonslicker]

Someone mentioned amortized rates, I thought car loans are simple interest loans..

 

[Joeiconic]

I can see asking for advise here but if you were a CFO you really should know all this. lol

Im thinking if you’re a CFO, you shouldn’t need advice on financing a car or how to find the best interest rate.

 

[AzScorpion]

Im thinking if you’re a CFO, you shouldn’t need advice on financing a car or how to find the best interest rate.

Maybe it was for Enron? ?

 

[Blue Streak]

Maybe it was for Enron? ?

Dave can you do something to your Avatar, it just don't look like you . I can't get used to it.

 

[AzScorpion]

Dave can you do something to your Avatar, it just don't look like you . I can't get used to it.

Larry, is that better?

 

[Russd]

I think it works for him…?

 

[NotBudule]

Larry, is that better?

Nope ...

 

[D Fresh]

0% will be a very short term and a very high monthly payment. Not everyone can handle that. I do the 72 month to keep the interest as low as possible, and reduce the monthly so I can pay extra and pay it off early, and ultimately pay far less than the total interest.

For sure it's a balancing act. But 0% is always preferred. If doable, I'll take a short term 0% anytime.

In the best of times 0% can be found out to 60 months if you wait till the right time. Even now that 0% I saw advertised on 150s was for 48 months.

 

[RDJTX]

I‘m blessed that I don’t have to worry about borrowing $ for a vehicle purchase. My son has a Bronco on order and is looking for a 72 month loan. His credit rating is 810+. What kind of rates is he looking at? Dealer won’t tell him till the vehicle arrives.

Just did a google for credit unions in your area ... depending on which you can join for a 72 month loan you are looking at 6.99 to 8%. I would stay away from banks and unless Ford has a deal (they have had 0% for 72 months) I would stay away from anything offered by them .

 

[Synfulz]

Philippine rates. ?

 

[FordFreak]

I‘m blessed that I don’t have to worry about borrowing $ for a vehicle purchase. My son has a Bronco on order and is looking for a 72 month loan. His credit rating is 810+. What kind of rates is he looking at? Dealer won’t tell him till the vehicle arrives.

Looking at Ford Credit, the Bronco is 7% across the board while F150's are 0 for 36, 3.9 to 60, 5.9 for 72, and 6.9 for 84. Yikes.

 

[Todd Chapin]

Ford did mine at 1.9 , 15 months ago ...

About the same on refiancing my lease buyout through my credit union about 15 months ago. Current rate would be 4.5 or more.

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