What's the best place to pick up an auto loan for an 03 evo? My local back is pretty high at 7.9% for a used 2003 and I have perfect credit.

I've looked at capitalone.com and eloan.com... any others out there that people would reccomend?

Thanks!

-Tom

 

Capital One is the best hands down. I was unable to find anyone who offers better rates.

 

credit union

 

Capital One is the best hands down. +1

 

I was able to get my 2003 Evo last month from a credit union .... 4.25%
not bad for being 21.
-steve

 

Your local credit union should handly beat Capital 1 on auto rates.

 

same here as steveosevo....4.25 %

 

My local credit union is 7.9% however they have .5% off for excellent credit, and .25% for a checking account.. so I'm still looking at over 7%. The other two banks in town are about the same, however I do not have accounts with them. Is it possible to use a credit union in another state? If so could you PM me the bank info for the 4.25%?

Thx

 

YEa im paying about 7.4% on my auto loan. Credit Union is in NJ though.but i got that when I was 19 and now im 20. Should I think about refinancing?

 

I'm sure if I go to my local credit union with a "quote" from another bank with a lower rate they will match it... better to make some money off me than none at all.

 

+1

I financed my new 9 for 4 years and got 4%. I belong to 3 credit unions in two cities, and I'd never go back to a bank.

 

yeah just stick to a Credit Union if you can. Ive always gotten the best rates from Credit Unions. I currently have 4% on my car.

 

I am a finance manager at a Mitsu dealership and typically your Credit Union will have the best rates, but that is pretty high. I don't think you can join most out of state Credit Unions, but I may be mistaken.

There is a 1 point rate jump between financing an '03 versus an '04 or newer vehicle so the best rate I have through Desert Schools FCU which is one of the largest Credit Unions in AZ is 7% for up to 60 months. If you were looking at an '04 or newer it would be 6% X 60.

You also have to keep in mind that rates have gone up almost 2 points in the last year or so, so people telling you that they got 4 or 5% may have opened the loan 6 months to a year ago, and I do know that rates vary a lot state to state.

Other than that, the two places you already tried are the two that I would have recommended, so you will probably just have to pick the best available and then try to pay down the principle balance as quickly as possible.

Good luck.

 

I financed my car through an out of state CU. I just had to open a savings acct w/$25.

 

this is a intresting topic, I was going to make a thread like this but decided now wasn't a good time.