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| *Loan,banking and credit>>>auto loan |
I have an auto loan of approx. $10,000 @ 5.8% with a credit union. Can I get a better rate? and if yes where? |
I have an auto loan of approx. $10,000 @ 5.8% with a credit union. Can I get a better rate? and if yes where? I work in the auto finance business, believe me you can't beat 5.8%. Source(s): Finance Manager for over 7-years. 5.8 % isnt a bad rate.. If you have money invested in CD's or 401k you can borrow against your own money at a very low rate (usually around 2-3%) Depends on your car. If it is newer than a 2001 and has less then 70K miles on it then yes. Go to lendingtree.com or eloan.com they have great rates for used car refinancing if your car fits those specs. u cheap SOB pay the loan off...the rates dont get better than what u have........... Awesome rate. You locked in at a great time. I suggest you keep it and just pay more to the principal monthly. State whether $50 or $100 more that it's to the principal. And you will reduce your bill at this great rate faster than some of us at 6.9%. |
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