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Discussion Starter #1
For those of you that financed the car.
What are your rates?

I got 9.75%.. Do you guys think that good or bad?

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why worry, be happy!
 

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APR% ARE ALL DEPENDS ON YOUR CREDIT.
IF YOU HAVE A VERY GOOD CREIDT, RIGHT NOW YOU COULD AROUND 8.25%
THAT'S WHEN YOU HAVE A VERY GOOD CREDIT.
AND IF YOU GET A LOAN FROM SOME INTERNET BANK, SOMETIMES THEY OFFER LESS.


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xxsiLveR_iS300xx
 

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Hello 6days,

Check with your bank(or credit union), they may give better rates in the 7%- 8% range. The dealer(s) probably charge 10-14%.
 

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Vancouver's dealer rates are 7.9% for 48 months and 6.9% for 36 months. I don't think any bank will give you anything better than that. Most banks offer 9%-10%.
 

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One more thing to consider is the difference between 7.8% and 9% really isn't that much...sure it is decent money but don't feel like a dope if you can't get a better rate....blame the Fed.
 

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Discussion Starter #10
Thanks a lot guys...I'll check with the credit unions a.s.a.p.

Getting the best rates really matter a lot to me. Every penny is hard earn, and having high rates means throwing money away.

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why worry, be happy!
 

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And remember when financing not to fall into that nasty dealer reserve trap. If you have good credit and they come at you with 9% interest, more than likely you were approved at 6 or 7%, and they have jacked the rate. I think that junk should be OUTLAWED!
 

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6.99 % at a local credit union. Check your local credit unions, because they usually are lower than the major banks.



[This message has been edited by disintegration (edited October 19, 2000).]
 

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A difference in 'a' percentage point varies ie:

the diff between 6.9 and 7.9 or 7.9 to 8.9 is roughly:

$600 for a 5 year term, $400 for 4, and $300 for a 3 year term.
 

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7.75% at my local credit union. Out of principal,I would never pay Lexus's rates. Their best rate is 9.99%. HAHAHA what a joke. They jack up the price 6K then they tack on an extra 3-5% on interest.
 
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