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Best Interest Rate

Old 04-17-2024, 02:27 PM
  #141  
mtraylor2001
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Navy Federal and Penfed have had the best rates I have seen. So I think you already found one of the best. Im not sure if there is an industry wide limit on credit card purchases but I have found that 10k has been the limit on several car purchases for me. It makes good points on a credit card of your choice.

If you are getting 20%+ return on your money for example. I would leave it there and finance the car for the remaining amount that is left over.......but this is something you would want to talk to a financial advisor about. Good luck on your purchase.
Old 04-17-2024, 02:45 PM
  #142  
BandDirector
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One of my credit unions just sent me a rate special they’re running of 4.7% for up to 84 months…it’s a refinance rate or new car rate…

https://www.robinsfcu.org/70th-Auto-Refi
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Old 04-18-2024, 08:23 AM
  #143  
Dan Hintz
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PenFed has always had (mostly) competitive rates, but it gives the dealership something to beat. If memory serves, non-DoD folks can join simply by putting $5 into an account (I also seem to recall having to make a small donation to one of the services... $10?... but it seems they may have removed that requirement). I haven' taken out a loan in quite some time, but I keep the account around just in case I need some good rates for shopping around. Here are their current rates:


Old 04-18-2024, 08:49 AM
  #144  
rackemup
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Who takes out an 84 month car loan?
Old 04-18-2024, 09:58 AM
  #145  
EvanZR1
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Originally Posted by BandDirector
One of my credit unions just sent me a rate special they’re running of 4.7% for up to 84 months…it’s a refinance rate or new car rate…
https://www.robinsfcu.org/70th-Auto-Refi
Unfortunately, they apparently have strict membership requirements.

Originally Posted by Dan Hintz
..If memory serves, non-DoD folks can join simply by putting $5 into an account...
The last time I checked (end of last year), PenFed will let anyone join.
Old 04-18-2024, 10:20 AM
  #146  
BandDirector
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Originally Posted by EvanZR1
Unfortunately, they apparently have strict membership requirements.
…that doesn’t sound like them…they were originally attached to Robins AFB, but opened up membership to everyone years ago. Here’s what their website says you need now to join:

Old 04-18-2024, 10:52 AM
  #147  
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Maybe it's because I don't live in the area, but they stated unless I had family that was a member they couldn't approve membership.
Old 04-18-2024, 10:56 AM
  #148  
chevyrules727
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I just got approved for 5.49% for 60 months through Bank of America. But I got the .5% discount for being platinum honors with them.

Doubt the dealer will be able to beat that.


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