# Loan Rates? **URL:** \ **Category:** NYSpeed Automotive\ **Created:** [December 29, 2008, 12:27pm UTC](https://forums.speedlife.net/t/loan-rates/60440 "2008-12-29T12:27:50Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![Terry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/terry/32/7207_2.png) [@Terry](https://forums.speedlife.net/u/Terry)\ **Post date:** [December 29, 2008, 5:07pm UTC](https://forums.speedlife.net/t/loan-rates/60440/21 "2008-12-29T17:07:53Z")
Stayed the same at my bank. Was looking a few months ago at new vehicles (2004+) for 5 years is 4.49% and that’s where it’s at now. ---
**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:** [December 30, 2008, 6:00am UTC](https://forums.speedlife.net/t/loan-rates/60440/22 "2008-12-30T06:00:09Z")
> [@Terry](#): > > Stayed the same at my bank. Was looking a few months ago at new vehicles (2004+) for 5 years is 4.49% and that’s where it’s at now. What bank? ---
**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:** [December 30, 2008, 7:06am UTC](https://forums.speedlife.net/t/loan-rates/60440/23 "2008-12-30T07:06:20Z")
> [@Garick](#): > > [http://www.westerndivision.org/wide/updated-rates1#vehicle](http://www.westerndivision.org/wide/updated-rates1#vehicle) > > 5.25 for 60 months, 5.75 for 70 months Any requirements to be a member? ---
**Author:** ![Terry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/terry/32/7207_2.png) [@Terry](https://forums.speedlife.net/u/Terry)\ **Post date:** [December 30, 2008, 7:14am UTC](https://forums.speedlife.net/t/loan-rates/60440/24 "2008-12-30T07:14:20Z")
> [@boxxa](#): > > What bank? I’m down in the southern tier so it’s a ways away (not to mention a credit union)… [www.corningcu.org](http://www.corningcu.org). ---
**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:** [December 30, 2008, 7:27am UTC](https://forums.speedlife.net/t/loan-rates/60440/25 "2008-12-30T07:27:14Z")
Western Division has it so far. 5.75% for 72 months and only need to live/work here Individuals that live, work, worship, volunteer or attend school in the counties of Erie or Chautauqua, New York. ---
**Author:** ![Xander](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/xander/32/7597_2.png) [@Xander](https://forums.speedlife.net/u/Xander)\ **Post date:** [December 30, 2008, 10:38am UTC](https://forums.speedlife.net/t/loan-rates/60440/26 "2008-12-30T10:38:03Z")
Seems like it’s almost worth the extra few Thousand you spend at a dealer to get a good rate if the car is over $20K and you plan on keeping it for a few years. They have the most attractive rates at this point. x… ---
**Author:** ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)\ **Post date:** [December 30, 2008, 10:41am UTC](https://forums.speedlife.net/t/loan-rates/60440/27 "2008-12-30T10:41:37Z")
interest on a car note of reasonable term is hardly worth bending over backwards to save a half a percent. if you have to, you can’t afford it. nothing wrong with just wanting to find the best deal though… ---
**Author:** ![newman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newman/32/7569_2.png) [@newman](https://forums.speedlife.net/u/newman)\ **Post date:** [December 30, 2008, 10:47am UTC](https://forums.speedlife.net/t/loan-rates/60440/28 "2008-12-30T10:47:42Z")
> [@walter](#): > > interest on a car note of reasonable term is hardly worth bending over backwards to save a half a percent. if you have to, you can’t afford it. > > nothing wrong with just wanting to find the best deal though… Yep, i was a little bummed when i missed out on a .5% lower rate on the exige, but was a little less bummed out when i saw it was only 500 bucks over 5 years… or 8 bucks a month… And that principle was probably a bit more than whatever you’re looking at. Also: DON’T FINANCE AT 72 MONTHS UNLESS YOU’RE PUTTING A LOT DOWN ON IT. otherwise you’re going to be upside down… ---
**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:** [December 30, 2008, 11:17am UTC](https://forums.speedlife.net/t/loan-rates/60440/29 "2008-12-30T11:17:58Z")
> [@walter](#): > > interest on a car note of reasonable term is hardly worth bending over backwards to save a half a percent. if you have to, you can’t afford it. > > nothing wrong with just wanting to find the best deal though… Ya its more so that the great site online [firstagain.com](http://firstagain.com) 7.1% and getting 5.75% at a local credit union makes a difference. I agree with you tho, if my own bank is 6.99% and another one is 6.49%, i would rather just keep my own bank to keep it simple. As with the 72 months, any big reasons? Its only .5% intrest more to go the extra year and I only drive 7-8k miles a year since I have a work car I drive to and from work. I am putting 1/4 of the cost down and financing the rest of the car. Also, the vehicle is a 2005 BMW X3 and only has 7,000 miles on it is known to retain value better than my sunfire which I kept for 7 years and had 45,000 miles when I got it and put 10-12k a year on that. ---
**Author:** ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)\ **Post date:** [December 30, 2008, 11:22am UTC](https://forums.speedlife.net/t/loan-rates/60440/30 "2008-12-30T11:22:44Z")
:picard: Longer term is more expensive than lower rate (esp. at .5%). 7.1% and 5.75% is still negligible over the term of the loan esp since you keep talking about 72 months. ---
**Author:** ![newman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newman/32/7569_2.png) [@newman](https://forums.speedlife.net/u/newman)\ **Post date:** [December 30, 2008, 2:35pm UTC](https://forums.speedlife.net/t/loan-rates/60440/31 "2008-12-30T14:35:25Z")
If you’re going to a longer term because you can’t afford the payments, then you can’t afford the car. Bottom line. Also, you have a DD vehicle supplied by work… Why the hell would you buy another DD type vehicle…??? ---
**Author:** ![newman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/newman/32/7569_2.png) [@newman](https://forums.speedlife.net/u/newman)\ **Post date:** [December 30, 2008, 2:38pm UTC](https://forums.speedlife.net/t/loan-rates/60440/32 "2008-12-30T14:38:32Z")
A 20K loan @ 6% for 60 months will cost you 3200 A 20K loan @ 6.5% for 72 months will cost you 4200 That’s 1000 dollars. To put that in terms you can understand: That’s TEN YEARS of [match.com](http://match.com) membership! ---
**Author:** ![Studderin](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/studderin/32/7197_2.png) [@Studderin](https://forums.speedlife.net/u/Studderin)\ **Post date:** [December 30, 2008, 2:43pm UTC](https://forums.speedlife.net/t/loan-rates/60440/33 "2008-12-30T14:43:05Z")
bank of studderin was 6% on auto loans on a cool car. 8% if it sucks ---
**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:** [January 3, 2009, 1:39am UTC](https://forums.speedlife.net/t/loan-rates/60440/34 "2009-01-03T01:39:04Z")
If anyone was intrested in rates, [www.westerndivision.org](http://www.westerndivision.org) has the best I found. Anyone in the Western counties can join. 5.25% up to 60 and 5.75% for 72. Haven’t found any cheaper at credit unions or online. Even a dealear couldn’t get me a rate below 7% and I have almost a 800 credit score. ---
**Author:** ![ILC](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ilc/32/5337_2.png) [@ILC](https://forums.speedlife.net/u/ILC)\ **Post date:** [January 3, 2009, 1:42am UTC](https://forums.speedlife.net/t/loan-rates/60440/35 "2009-01-03T01:42:53Z")
I got slammed for 20k @ 8 percent but the car will be paid off in 2 years so it wasn’t much more and I had to havethe loan right then ---
**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:** [January 3, 2009, 12:21pm UTC](https://forums.speedlife.net/t/loan-rates/60440/36 "2009-01-03T12:21:28Z")
> [@ILC](#): > > I got slammed for 20k @ 8 percent but the car will be paid off in 2 years so it wasn’t much more and I had to havethe loan right then Ya I was searching last week and applied to a few places. I am waiting for this fucking bank to call me back tho. I have called them 3 days in a row. They told me I am eligible but wont let me finish the paper work so I can get the check. If I don’t hear from them Monday, I am going elsewhere. I am amazed tho that bigger banks don’t have lower rates. I am a Bank of America customer and a Key Bank customer but they gave me rates of like 9% for a 60 month loan. ---
**Author:** ![Joe\_Omerta](https://avatars.discourse-cdn.com/v4/letter/j/ed8c4c/32.png) [@Joe\_Omerta](https://forums.speedlife.net/u/Joe_Omerta)\ **Post date:** [January 3, 2009, 12:51pm UTC](https://forums.speedlife.net/t/loan-rates/60440/37 "2009-01-03T12:51:41Z")
what about AAA? ---
**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:** [January 3, 2009, 1:15pm UTC](https://forums.speedlife.net/t/loan-rates/60440/38 "2009-01-03T13:15:20Z")
Not a member. My roadside is through geico ---
**Author:** ![IWantaSupra](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/iwantasupra/32/7222_2.png) [@IWantaSupra](https://forums.speedlife.net/u/IWantaSupra)\ **Post date:** [January 3, 2009, 8:10pm UTC](https://forums.speedlife.net/t/loan-rates/60440/39 "2009-01-03T20:10:08Z")
Did mine through HSBC… 7.65%, but it was only for 10k. ---
**Author:** ![00Audi00](https://avatars.discourse-cdn.com/v4/letter/0/7ab992/32.png) [@00Audi00](https://forums.speedlife.net/u/00Audi00)\ **Post date:** [March 10, 2009, 6:39pm UTC](https://forums.speedlife.net/t/loan-rates/60440/40 "2009-03-10T18:39:47Z")
Bump…anyone else shopping around lately? Looking only to finance $10k over 36 months. Would prefer online payment ability! [Previous page](https://forums.speedlife.net/t/loan-rates/60440.md?page=1) [Next page](https://forums.speedlife.net/t/loan-rates/60440.md?page=3)