auto loan
03-11-2004, 09:24 PM
#1
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auto loan
HI!
i think i will purchase used wrx soon
but i want to find a good loan company before i buy the it.
so, do anyone have any suggestion to me? i hope i can find one can give me a good deal in interest or some cash back.
i am living in San Francisco, i hope i can find one in SF too
i think i will purchase used wrx soon
but i want to find a good loan company before i buy the it.
so, do anyone have any suggestion to me? i hope i can find one can give me a good deal in interest or some cash back.
i am living in San Francisco, i hope i can find one in SF too
03-11-2004, 09:39 PM
#2
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I would try a local credit union. They usually have pretty rockin rates and some good benefits to going with them. I live in Sac - I use Triple S Credit Union. You could also try Schools.
03-12-2004, 01:41 AM
#4
03-12-2004, 08:24 AM
#5
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I would also recommend getting yourself PRE approved for a loan at the credit union or lender you choose. This way, you know not only what you can afford (how much they'll loan you and an idea of payment), but you can also haggle and purchase with confidence that the car will be yours and time not wasted. In addition, this will be helpful to you because you'll know what you're financing (the rate, the term, etc.). Sometimes dealers will try to build some profit in to your loan (like getting you approved for a certain rate at the bank, then modifying it to make some $$$ of you and you don't even realize it.
Check out this rockin article for some additional info. It'll take you 30 - 45 minutes to read, but it's well worth it.
Check out this rockin article for some additional info. It'll take you 30 - 45 minutes to read, but it's well worth it.
03-12-2004, 09:54 AM
#7
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Originally posted by Aar
subaru has 1.9%; i doubt if a credit union could match that.
but you will need a good credit score to get that rate.
subaru has 1.9%; i doubt if a credit union could match that.
but you will need a good credit score to get that rate.
03-12-2004, 10:05 AM
#8
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Originally posted by Aar
subaru has 1.9%; i doubt if a credit union could match that.
but you will need a good credit score to get that rate.
subaru has 1.9%; i doubt if a credit union could match that.
but you will need a good credit score to get that rate.
Usually I think you have to finance the car for only 2 years to get 1.9%.
03-15-2004, 05:00 AM
#9
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Originally posted by Aar
subaru has 1.9%; i doubt if a credit union could match that.
but you will need a good credit score to get that rate.
subaru has 1.9%; i doubt if a credit union could match that.
but you will need a good credit score to get that rate.
1. Credit union is giving me 4.25%fixed rate. No penalty for early payoff either and this is for 72 months. No down payment either. This is for up to $20k and the payments (w/o a down payment) are $314 a month.
2. The 19% and the dealers is for up to 63 months, which I couldn't afford. And with a $5000 down payment the payments would be $315 a month.
3. I have an A+ credit rating but only have two forms of credit. To get the loan my parents are co-signing. Judging by your questions you are similar to my age (21) and would probably need a cosignature too.
With the credit union you can't have a dealership mess with your financing, and if you come across money early you can get rid of the loan without a penalty. If you can't afford high payments I'd go through a credit union because you can get a good rate for a longer period of time.