For 84 months, that's a good rate!I just got approved through my credit union for 84 months @ 4.6. What do you guys think?
That's probably a good rate based on everything else I have seen. Usually the shorter finance terms will get you a lower rate as the risk for the lender isn't as great as far as depreciation. If you put down a large down payment to reduce the loan amount in regards to the price of the vehicle, that can help reduce the interest rate as well as a direct payment out of you checking account if you bank at that institution. After all that, your credit rating is still an important factor for the lender.I just got approved through my credit union for 84 months @ 4.6. What do you guys think?
I’ve always felt that way but trucks typically hold there value better than most other vehicles do .. I went 84 months because I can always pay extra but you never know what life may throw your way so I like the flexibility of a lower payment .. I done 3.9 @ 84 .. my credit union who I’ve dealt with for 10 years told me rates would be going up from current trendsThat's a lot of interest, Hope your truck is a keeper at 84 months, Dealers will soon be offering Mortgages on their vehicles.
I have learned the hard way, don't buy anything I cannot pay off in three years despite the length of the loans
It all depends on the deal.
Am I the only one who thinks y’all are crazy for paying interest at all?