Posted on Mar 7, 2017
What is the going interest rate on auto loans right now?
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I'm interested in a 2014 Ford Transit Connect. The dealership is telling me that because the banks consider it a commercial vehicle the interest rate is higher than I would pay for a different mini van. Is there any validity to this? I don't want to get ripped off, but I know very little about finances. My credit score is above 700, I'm being offered a 5% rate on 72 month loan.
Finance
Loans
Vehicle
Posted 8 y ago
Responses: 3
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Better yet, talk to USAA or your credit union --- both are preferable to most banks.
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Never finance thru the Dealership Unless You are doing it as a last resort... Check with you Bank ot USAA
Remember when you Buy a Used Vehicle You are getting someone else ' Headaches...
Remember when you Buy a Used Vehicle You are getting someone else ' Headaches...
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SSgt (Join to see)
With my budget, unfortunately used is all I can even look at. I'm replacing a 2000 model van with 215k miles on it.
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I'd suggest talking with your bank for financial advice and possible member discounts. Thats the best I can do for you here.
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