For those with Evos: What Kind of Interest Rates are You Getting?
For those with Evos: What Kind of Interest Rates are You Getting?
I was wondering what kind of interest rates you guys have been getting on your Evos. If you feel up to it, maybe share some info on your loan like the number of years, interest rate, where you got the loan from, etc.
Thanks,
Mark
Thanks,
Mark
Evolving Member
Joined: May 2002
Posts: 415
Likes: 0
From: Antioch, Ca.
Good question. I'm interested as well. Last wednesday, the finance manager and I were playing out some numbers just for the hell of it and he qouted me his so called great deal which consist of $589 for 84 months, $10k down on a $40k dollar car. I then rejected the offer. 
He wouldn't tell me the interest and he said that he'll tell me once I accepted the offer. That's another
He wouldn't tell me the interest and he said that he'll tell me once I accepted the offer. That's another
My local credit union lends for 84 months on new cars at 5.49% right now. They will lend 106% of the cars value (paying sales tax, etc..).
I personally don't like equity in cars.
Credit unions rock.....until you go to sell the car and are underwater by a few $.
I personally don't like equity in cars.
Credit unions rock.....until you go to sell the car and are underwater by a few $.
Trending Topics
Originally posted by MEGABUSA
My local credit union lends for 84 months on new cars at 5.49% right now. They will lend 106% of the cars value (paying sales tax, etc..).
I personally don't like equity in cars.
Credit unions rock.....until you go to sell the car and are underwater by a few $.
My local credit union lends for 84 months on new cars at 5.49% right now. They will lend 106% of the cars value (paying sales tax, etc..).
I personally don't like equity in cars.
Credit unions rock.....until you go to sell the car and are underwater by a few $.
Last edited by Daveyd; Mar 7, 2003 at 09:08 AM.
I got $28,000 for 60 months at 4.85% at my local credit union (First Community for those in West Houston). Got my approval yesterday.
Now for that other guy. $589 a month on $30,000 (40k - 10k down) for 84 months would be 15.65%
Unless you have the worst credit in the world you should not be above 10% and really should be under 6%. Like I said, I am paying $60 a month less for 2 years less on almost the same amount. It is good you walked away from that. BTW you would never be able to sign something without seeing the interest rate, because it legally has to be on the documents you sign including the estimated interest for the whole loan.
BTW on that loan, you would end up spending $59,552 for the car by making minimum payments.
Now for that other guy. $589 a month on $30,000 (40k - 10k down) for 84 months would be 15.65%
Unless you have the worst credit in the world you should not be above 10% and really should be under 6%. Like I said, I am paying $60 a month less for 2 years less on almost the same amount. It is good you walked away from that. BTW you would never be able to sign something without seeing the interest rate, because it legally has to be on the documents you sign including the estimated interest for the whole loan.
BTW on that loan, you would end up spending $59,552 for the car by making minimum payments.
Evolving Member
Joined: May 2002
Posts: 415
Likes: 0
From: Antioch, Ca.
Originally posted by TearItUpSports
.
Now for that other guy. $589 a month on $30,000 (40k - 10k down) for 84 months would be 15.65%
Unless you have the worst credit in the world you should not be above 10% and really should be under 6%. Like I said, I am paying $60 a month less for 2 years less on almost the same amount. It is good you walked away from that. BTW you would never be able to sign something without seeing the interest rate, because it legally has to be on the documents you sign including the estimated interest for the whole loan.
BTW on that loan, you would end up spending $59,552 for the car by making minimum payments.
.
Now for that other guy. $589 a month on $30,000 (40k - 10k down) for 84 months would be 15.65%
Unless you have the worst credit in the world you should not be above 10% and really should be under 6%. Like I said, I am paying $60 a month less for 2 years less on almost the same amount. It is good you walked away from that. BTW you would never be able to sign something without seeing the interest rate, because it legally has to be on the documents you sign including the estimated interest for the whole loan.
BTW on that loan, you would end up spending $59,552 for the car by making minimum payments.
I better start doing some homework here.
Thanks TearItUp 
Here is a car loan calculator for anyone that needs it.
http://autos.msn.com/finance_insuran...px?src=LeftNav
http://autos.msn.com/finance_insuran...px?src=LeftNav
