Best Finance Rates?

[dochawk]

Unfortunately I don’t qualify for Navy Federal membership.

I qualified based upon my grandfather's (first) discharge from the Coast Guard -- in 1941 (he retired decades later as their senior noncom in the SF Bay Area)

You can pull FREE credit reports from each of the three nationwide credit bureaus (Equifax, Experian, and TransUnion) once every 12 months

there is another provision where you can freely pull reports used when you are denied credit. No time limit, and it doesn't remove your annual.

Come to think of it, I think the covid provision of reports without limit is still being used, but I haven't really been watching.

As for rates: WestStar CU in Nevada, with 740 score, is now 3.99% for 36, 4.99% for 48, and 5.99 up to 84!

I even tossed together a spreadsheet out of curiosity to put them side by side, comparing to leaving the money invested, and then played around with it.

At 17.53% return, it would make the maverick payment on an 84 month lone with 18 cents left over (on $40,000).

uhm, just to be clear: that is *not* a reasonable return to expect. (Although it is more than five points below any of my returns in the last six years--except that -21% in 2022, which does horrible things to my average!)

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[musicianmommy]

Did a search and didn't find much recent info, with the recent rate cuts what are the best rates people are getting these days for a Mav?

Best I have found is either PenFed which is about 5.79% @ 60 months and LOC which offers 4.99% but waiting to see what I qualify for.

i came with prequaled through my previous auto loan with capital one which began at 5.3% but very time the dealership went to check on a truck or change it kept going up little by little, tried to sell me a 2024 at full retail as well but o accidentally found a 2025 for the same price and snagged it within hours but i ended up with a rate of 6% and had to drive a couple hours to get there. glad i did , the screen is much bigger and no recall wait . love my little truck

 

[SageIL]

Check with your local credit union. I'm sure you're eligible for membership in one based on something. I haven't taken a dealer loan since back in the days of 0-0.9% financing. The one I have my Mav loan through is currently at 4.99% on MY 23 and newer cars for 60 months; 4.89% for 48.

 

[MakinDoForNow]

If you joined Farm Bureau to get the $500 Ford discount then check loan rates with Farm Bureau Bank as well as Farm Bureau Insurance. You can also get discount certificates for other things than the Ford $500 one.

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