Interest rates

[mamab]

It's been forever since I've bought a car through conventional means (usually buy from an individual and pay cash), so I'm not sure what interest rates are on cars anymore. I've seen some good "deals" but it's not always possible to buy when the deals are in effect. How much can a person expect to pay in interest for a used car through a bank?

[aquariancore]

It depends on your standing with the bank and if they have a deal going. It always recommended you shop around. Dealers many times can get you a super rate.

[nangel78]

Shopping around is a good idea. I did that before I got my current vehicle. It made a difference.

[aquariancore]

Is it true that Toyota Financing will finance any car?

[LyricB]

Interest rates aren't nearly as low as they were a few years ago, but they are still relatively decent. I would check with a credit union first and then go from there.

[Tangent210]

Whatever you do shop around. Ask about deals and upcoming ones. Interest rates can make a huge difference especially if you are taking out a large loan so it should be something that a lot of time is put into.

[nangel78]

Check with your financial institution too. Sometimes you can get a better deal with them.

[gblued]

You can do really quick comparasions online now, so I would do that to check out your options. Sometimes you can find a good deal online and then get to the place and get an even better deal. It is worth a try! Good luck.

[Melizzy]

Try a credit Union. They are usually a quarter to half point cheaper. And try the dealership and several banks.

[SageMother]

My credit union now has car "sales" every few months in partnership with several vendors. I have heard from some people that htey have found sweet deals through them.