I have a credit score over 800, but Navy Federal is offering me 9.89%, which seems high. I’m looking to shop around for better options.
The best rates usually come from manufacturer financing deals. A lot of brands are offering 0-1.99% on certain models.
MegWhitgal said:
The best rates usually come from manufacturer financing deals. A lot of brands are offering 0-1.99% on certain models.
Yeah, Mazda has 0.9% on a lot of their models right now.
@Lei
I got a Mazda at 0% at the end of 2023. Great car and a great deal.
MegWhitgal said:
The best rates usually come from manufacturer financing deals. A lot of brands are offering 0-1.99% on certain models.
Volvo keeps sending me mail about 0% financing on some new and certified pre-owned models.
I just refinanced at 3.99% for 36-60 months at my credit union. They also have 4.99% for 72-84 months.
Barbara said:
I just refinanced at 3.99% for 36-60 months at my credit union. They also have 4.99% for 72-84 months.
Which credit union is that?
Barbara said:
I just refinanced at 3.99% for 36-60 months at my credit union. They also have 4.99% for 72-84 months.
Which credit union is that?
First Florida Credit Union. They sent me a mailer since I had a previous auto loan with them, so it might not be available to everyone.
Check credit unions. I got 6% from Credit Human recently. PenFed is offering below 6% for new cars.
Mia said:
Check credit unions. I got 6% from Credit Human recently. PenFed is offering below 6% for new cars.
Navy Federal is a credit union, but they don’t always have the best rates. If you qualify for USAA, they usually have better deals.
@Monty
Navy Federal’s auto loan rates have always been high for me. A few years ago, they offered me 12%, while Capital One gave me 3%. I’ve never had luck with them.
MissNicklaus said:
@Monty
Navy Federal’s auto loan rates have always been high for me. A few years ago, they offered me 12%, while Capital One gave me 3%. I’ve never had luck with them.
Right now, Navy Federal has 4.49% for new cars up to 60 months and 5.49% for used cars. I got their best rate last year, but they seem to raise rates quickly based on risk levels.
MissNicklaus said:
@Monty
Navy Federal’s auto loan rates have always been high for me. A few years ago, they offered me 12%, while Capital One gave me 3%. I’ve never had luck with them.
I just refinanced with Navy Federal at 4.09%. Worth checking what they actually offer you.
Mia said:
Check credit unions. I got 6% from Credit Human recently. PenFed is offering below 6% for new cars.
A lot of manufacturers are offering 0% financing if you go through them.
Mia said:
Check credit unions. I got 6% from Credit Human recently. PenFed is offering below 6% for new cars.
Ford gave me 1.9% recently.
USAA is offering me 4% for a 2024-2025 model.
Flynn said:
USAA is offering me 4% for a 2024-2025 model.
4% on a new car isn’t great right now. Most manufacturers are offering lower rates.
Flynn said:
USAA is offering me 4% for a 2024-2025 model.
4% on a new car isn’t great right now. Most manufacturers are offering lower rates.
I’m shopping for a car next week, so I’ll check dealer offers too. Thanks for the info.
Just financed a 2025 Chevy Malibu at 1.9% through GM Financial.
If you’re seeing anything around 6%, that’s a decent deal right now without manufacturer incentives.