# Auto Financing - Options? **URL:** \ **Category:** NYSpeed Automotive\ **Created:** [June 25, 2008, 6:38am UTC](https://forums.speedlife.net/t/auto-financing-options/50564 "2008-06-25T06:38:31Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![RobHimself](https://avatars.discourse-cdn.com/v4/letter/r/e480ec/32.png) [@RobHimself](https://forums.speedlife.net/u/RobHimself)\ **Post date:** [June 25, 2008, 7:36am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/21 "2008-06-25T07:36:39Z")
> [@boardjnky4](#): > > nice, 6% is good. I was hoping that with the CU where I work, I could get it even lower though. Yeah i was already with a credit union and my initial loan was 3.9 the payments were getting to be a burdon so i decided to sell or get another loan. I would have missed my car too much so i took another loan. My current bank doesn’t refinance on their own loans so i had to look elsewhere. Lending tree hooked me up with my car insurance back in the day so i thought i would give them another try and wasn’t let down. ---
**Author:** ![Eazy716](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/eazy716/32/7443_2.png) [@Eazy716](https://forums.speedlife.net/u/Eazy716)\ **Post date:** [June 25, 2008, 7:38am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/22 "2008-06-25T07:38:10Z")
> [@RobHimself](#): > > No its free, all you do is put in your info and like 24 hours later you get a few emails about offers. Nothing shady or pushy. Works amazingly with car insurance too. awesome, thanks for the info!! ---
**Author:** ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)\ **Post date:** [June 25, 2008, 7:53am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/23 "2008-06-25T07:53:47Z")
When auto-financing, try and get rid of any revolving credit you can. \*\* ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [June 25, 2008, 8:10am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/24 "2008-06-25T08:10:59Z")
BECU is 4.9% on used cars which is what I have. But you have to live in WA. Although they just asked for an address nothing even with my name on it. ---
**Author:** ![Anonymity](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/anonymity/32/7215_2.png) [@Anonymity](https://forums.speedlife.net/u/Anonymity)\ **Post date:** [June 25, 2008, 8:13am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/25 "2008-06-25T08:13:48Z")
need more information on the car before i tell you where to go. ---
**Author:** ![dozr](https://avatars.discourse-cdn.com/v4/letter/d/41988e/32.png) [@dozr](https://forums.speedlife.net/u/dozr)\ **Post date:** [June 25, 2008, 8:55am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/26 "2008-06-25T08:55:11Z")
> [@sureshot!](#): > > When auto-financing, try and get rid of any revolving credit you can. \*\* What exactly do you mean? ---
**Author:** ![dozr](https://avatars.discourse-cdn.com/v4/letter/d/41988e/32.png) [@dozr](https://forums.speedlife.net/u/dozr)\ **Post date:** [June 25, 2008, 8:55am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/27 "2008-06-25T08:55:58Z")
> [@Anonymity](#): > > need more information on the car before i tell you where to go. Not only do you know about this car already, but why would you need to know more about it to suggest lending options? ---
**Author:** ![Willybeen](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/willybeen/32/7351_2.png) [@Willybeen](https://forums.speedlife.net/u/Willybeen)\ **Post date:** [June 25, 2008, 8:57am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/28 "2008-06-25T08:57:06Z")
> [@dozr](#): > > Do you have a recommendation? the credit union at sisters hospital offers like 5.5 % on used cars right now… if you have good credit, 4.5 if new i believe ---
**Author:** ![dozr](https://avatars.discourse-cdn.com/v4/letter/d/41988e/32.png) [@dozr](https://forums.speedlife.net/u/dozr)\ **Post date:** [June 25, 2008, 8:59am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/29 "2008-06-25T08:59:21Z")
> [@sureshot!](#): > > NFCU is the be all end all of credit unions. Good luck. Excuse my ignorance… what does NFCU stand for? A google search brings up a handful of different Credit Unions. ---
**Author:** ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)\ **Post date:** [June 25, 2008, 9:00am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/30 "2008-06-25T09:00:23Z")
Sorry, Navy Federal Credit Union. You can get in with any relative that was in any armed service. edit: Penfed is also very good if you can get in. ---
**Author:** ![dozr](https://avatars.discourse-cdn.com/v4/letter/d/41988e/32.png) [@dozr](https://forums.speedlife.net/u/dozr)\ **Post date:** [June 25, 2008, 9:04am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/31 "2008-06-25T09:04:49Z")
Damn - noone in the military… ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [June 25, 2008, 9:11am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/32 "2008-06-25T09:11:35Z")
“24-36month loan on $5000” I’m going to guess it’s probably an older car also. This is the worst possible scenario for a bank because the car is worthless to them if you default. Most would end up having to do a personal loan. ---
**Author:** ![Anonymity](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/anonymity/32/7215_2.png) [@Anonymity](https://forums.speedlife.net/u/Anonymity)\ **Post date:** [June 25, 2008, 10:29am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/33 "2008-06-25T10:29:26Z")
> [@dozr](#): > > Not only do you know about this car already, but why would you need to know more about it to suggest lending options? o that car, i would go to the OPCU, it is right by your mom’s old work. ---
**Author:** ![fuzion1029](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fuzion1029/32/5162_2.png) [@fuzion1029](https://forums.speedlife.net/u/fuzion1029)\ **Post date:** [June 25, 2008, 11:38am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/34 "2008-06-25T11:38:12Z")
This thread makes me really happy in the pants that I just got 0% for 60 months on my new VW. ---
**Author:** ![RobHimself](https://avatars.discourse-cdn.com/v4/letter/r/e480ec/32.png) [@RobHimself](https://forums.speedlife.net/u/RobHimself)\ **Post date:** [June 25, 2008, 11:41am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/35 "2008-06-25T11:41:40Z")
> [@fuzion1029](#): > > This thread makes me really happy in the pants that I just got 0% for 60 months on my new VW. was it a vw promotion? Cause i know im my case subaru was offering the same when i got mine and in fine print… excluding STi ---
**Author:** ![dozr](https://avatars.discourse-cdn.com/v4/letter/d/41988e/32.png) [@dozr](https://forums.speedlife.net/u/dozr)\ **Post date:** [June 25, 2008, 11:51am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/36 "2008-06-25T11:51:42Z")
I don’t need to get this loan, but I would like to pay off CC debt with my cash in hand, rather than pay for a car. Even if it’s a 24 month loan, it is likely to be paid off within a year. I’ll check out the credit unions… thanks guys. ---
**Author:** ![RobHimself](https://avatars.discourse-cdn.com/v4/letter/r/e480ec/32.png) [@RobHimself](https://forums.speedlife.net/u/RobHimself)\ **Post date:** [June 25, 2008, 11:56am UTC](https://forums.speedlife.net/t/auto-financing-options/50564/37 "2008-06-25T11:56:05Z")
lending tree will beat some of the credit unions and give you more payment options. Its worth a look. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [June 25, 2008, 12:38pm UTC](https://forums.speedlife.net/t/auto-financing-options/50564/38 "2008-06-25T12:38:05Z")
if its over 10k use [firstagain.com](http://firstagain.com) if you have excellent credit. ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [June 25, 2008, 12:44pm UTC](https://forums.speedlife.net/t/auto-financing-options/50564/39 "2008-06-25T12:44:04Z")
^^ that’s pretty cool… thanks for the link… dozr: you still fail to realized that nobody will give a favorable car loan on an old car worth 5K because they don’t want the POS car when you default. might as well just do a personal loan. I’ll be amazed if you get a true car loan (with a lean) for anything under 6%. if I was you I would roll the CC debt into another card with 0% for a year and pay the car in full. You’ll be paying 0% finance if you do this. you can’t beat it. ---
**Author:** ![sureshot](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/sureshot/32/7578_2.png) [@sureshot](https://forums.speedlife.net/u/sureshot)\ **Post date:** [June 25, 2008, 12:44pm UTC](https://forums.speedlife.net/t/auto-financing-options/50564/40 "2008-06-25T12:44:47Z")
Dozr: I missed it, but pending your credit, the amount of outstanding debt you have with revolving tradelines ( credit cards / store cards ) affect the rate that you are eligible for. Your debt utilization plays a considerable role in the affective APR you can get. [Previous page](https://forums.speedlife.net/t/auto-financing-options/50564.md?page=1) [Next page](https://forums.speedlife.net/t/auto-financing-options/50564.md?page=3)