Saturday, February 6th, 2010
What is a normal rate for interest on financing a car with a credit union?
Amy asked:
I got a rate that is somewhat higher (based I guess on my credit score). It is 8.1%. I guess it would be better for me to get a pension loan that is only 4%? The only difference is that on the 8.1% loan I would ahve been given 6 yrs to pay off the loan, and the 4% from my pension would have to be paid off in much less time, like 20 months or so.
I got a rate that is somewhat higher (based I guess on my credit score). It is 8.1%. I guess it would be better for me to get a pension loan that is only 4%? The only difference is that on the 8.1% loan I would ahve been given 6 yrs to pay off the loan, and the 4% from my pension would have to be paid off in much less time, like 20 months or so.
February 6th, 2010 at 3:05 am
Mine’s offering 3.9 percent these days, if you put 20 percent down. Otherwise, their regular rate is 4.9 percent.