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Old 10-04-2018, 08:08 AM   #1
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Tow Vehicle Interest Rate

I'm looking to purchase a different TV. Will probably buy used. What interest rate are folks getting on a used 2015-2017 used vehicle?

The best rates I found so far are 2.19-3.44% on a 36-72 month loan.

Thanks.
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Old 10-04-2018, 08:15 PM   #2
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Looks like good rates to me
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Old 10-04-2018, 08:19 PM   #3
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with rates as low as you quoted and terms that short there is very little difference in total payout...
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Old 10-06-2018, 02:02 AM   #4
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Sounds right. I got 2.49% through my credit union.
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Old 10-06-2018, 12:42 PM   #5
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Those are very good rates. I just purchased a new truck,,,,,, my score is almost 800, and the best rate here in Florida was 4.9% through GM. You can bet I'll be shopping to refi soon!
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Old 10-06-2018, 01:46 PM   #6
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With employee pricing, double Costco $1000 rebate, dealer incentives, end of month incentives my F350 was $35,000 off list price. Difference on my trade was only $10,000 all in.
Finance rate was 0% on Ford Financing too. When you talk finanicing you get a free service plan for 4 years. So additional $2500 off.
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Old 10-06-2018, 03:18 PM   #7
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The last time I financed a vehicle was in 2003! I told the dealer I was going through my credit union and they immediately beat that rate!


The funny thing was that the truck monthly payment was more than my mortgage payment. Yes, I'm that old.
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Old 10-06-2018, 06:32 PM   #8
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When interest rates on savings start to go up so do interest rates on loans. My local cu for a used vehicle is 2.49%. The movement on a savings account always seems to be slower .....
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Old 10-06-2018, 07:07 PM   #9
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The OP said used. That won't get rebates and special financing some of you posted. Used rates is always higher. Credit Unions will usually get you better rates.
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Old 10-06-2018, 07:30 PM   #10
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those rates are good for a used vehicle. i got approved for 3.14 last year, but interest rates have gone up since then.
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Old 10-06-2018, 07:48 PM   #11
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On the current truck, after we hit the price, I said "I won't finance with you with any rate above 2%". They waffled, but I didn't.

I got 1.9%.
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Old 10-06-2018, 09:06 PM   #12
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Just purchased a 2018 2500HD Silverado LTZ @ "0%".....7 years can payoff any time at no penalty
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Old 10-07-2018, 10:11 AM   #13
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Only dealerships offering 0% interest are on new 1500 (half ton) trucks, SUVs, cars. They rarely offer 0% on 2500/3500 trucks. If I can get 0% interest, I will look for a new truck.

I'm looking for used 2015-2016 Rams 3500 with less than 40K miles. Also eyeing GMC/Chevy 3500. I really like the Mega Cab though.

Even used trucks are crazy expensive!! Looks like I can buy used save around $10-15K off new truck quotes from dealerships.
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Old 10-07-2018, 11:22 AM   #14
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Originally Posted by Jim in Halifax View Post
Just purchased a 2018 2500HD Silverado LTZ @ "0%".....7 years can payoff any time at no penalty
I have a seen a few coworkers recently who have intended to buy used trucks but the numbers on new ended up being better than the used. Food for thought OP.
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Old 10-07-2018, 06:23 PM   #15
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Originally Posted by Captain America View Post
Only dealerships offering 0% interest are on new 1500 (half ton) trucks, SUVs, cars. They rarely offer 0% on 2500/3500 trucks. If I can get 0% interest, I will look for a new truck.

I'm looking for used 2015-2016 Rams 3500 with less than 40K miles. Also eyeing GMC/Chevy 3500. I really like the Mega Cab though.

Even used trucks are crazy expensive!! Looks like I can buy used save around $10-15K off new truck quotes from dealerships.
Mine is a new 2018 ...1 Km
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Old 10-07-2018, 08:05 PM   #16
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Just picked up my F150 XLT this week, 2015 w/40k miles, 30400 out the door with 500 bucks credit for my 22 year old Dodge Ram rust bucket. Not cheap, but not unreasonable I think.
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Old 10-07-2018, 09:57 PM   #17
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Originally Posted by B and B View Post
With employee pricing, double Costco $1000 rebate, dealer incentives, end of month incentives my F350 was $35,000 off list price. Difference on my trade was only $10,000 all in.
Finance rate was 0% on Ford Financing too. When you talk finanicing you get a free service plan for 4 years. So additional $2500 off.
More than half off msrp a free warranty and 0%
That's the most amazing thing I've ever heard.
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Old 10-07-2018, 10:08 PM   #18
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Originally Posted by jake wolfpack View Post
More than half off msrp a free warranty and 0%
That's the most amazing thing I've ever heard.
I thought the same....I will never come across a deal like that.
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Old 10-07-2018, 10:42 PM   #19
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Interest rates

Those are really good rates, last time I got a car loan was from a credit unoin and it was 8% car was $3800, I put $2000 down and borrowed the rest (1970).
Last time for a home loan 7.25 was the best rate and it was construction and rolled over when done, took it out in 1973 and paid it off in 1979. Built the next one with the equity and I was free and clear from then on. You thought you were old! Too bad I couldn’t have started out with the rates they have today.
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Old 10-15-2018, 05:02 PM   #20
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I just got 3.99% on a new F350. I have not been able to buy a used diesel pickup truck. I live in the land of pickups and what they want for used diesel pickup trucks is way to much for trucks with lots of miles. They say that the engines will last for lots of miles but what about the rest of the truck?

I got a new F250 in 2011, diesel, CC, longbed for $39,125 and after 7 years and seven months they gave me $25,000 as a trade in on a 2019 F350, CC, longbed diesel. Good Luck
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