Hey everybody, I was wondering if anybody would like to share the lowest Used Car loan interest they got from any bank(s) and where they got it? I'm looking into either getting a New X GSR or a Used IX and would like to know the range of APRs out there.

Any replies will greatly be appreciated!!!

 

credit unions are your best bet...looking at 5% or below in some cases...

 

Yep... credit union is the best.. I gotta 6.9 % interest rate on my 8

 

Yeah, that's what I've heard too, but maybe getting 5% or below will be quite difficult?

 

7.2 this being my first car

 

Wow, 7.2%? I think even at 6% APR it'll cost me around the same monthly for an IX MR for $23.5k and for a new X GSR.

 

Well, there's a couple of ways of looking at that and rationalizing things. First, as you've already touched on, is the payment.

Let's keep things simple without taxes, fees, etc:
Used IX: 23.5k x 6.9% x 60 months = $464.22
New X: 29k x 0% x 60 months = $483.33
Cheaper car is still cheaper per month , but not by much. And considering used versus new and full warranty the extra twenty bucks might well be worth it. But what will the X be worth as soon as you roll it off the lot? Probably about 6K less or more. If something happens and you have to sell the car quickly, you will be in a better equitable situation with the used car then the new one.

 

4.99% by me right now on a used loan.. at a credit union.. there the cheapest

 

all depends on your credit. credit union gave me 4.6% previously

new x's for 29k?? where the heck can that be found!!! they are up firm around 35k around me =/

gts's however.... they arent selling (good keeps n cheap n rare) so one may get a great deal on them - not an evo though


edit: nvm... upon further research... there is a pb x gsr with 45 miles on it going for.... 24k!!!
NEW EVO X W/SIGHT - SOUND - SPOILER PACKAGE + BODY KIT FACTORY UPGRADE AND THE FULL FACTORY WARRANTY TO COVER YOU FOR 5YEARS/60K

 

are you planning on getting the used car from a third party or from a delear? third party rates are pretty high compared to others.

 

I'd like to know where you found this car? If that's the case I might as well but it now!!!

 

Well, I was thinking about buying it from a private owner because I just found an IX MR close to where I live. How much of a difference will it make on the APR??

 

i got 5.8 percent from usaa federal credit union. but its only for military and dependants

 

i didnt pay any back, cause i just used cash... 21k..... blicka.....

 

Well, I can't cash LOL Anyways, is anybody else willing to share their loan rates?